Block shares extend losses as Hindenburg report weighs

reuters.com [1/2] The logo of Cash App is seen at the main hall during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello/File Photo March 24…

Cathie Wood Watch: Ark Reverses on Tesla, Selling

thestreet.com Her flagship Ark Innovation ETF has dropped 43% during the past year, but has rebounded 21% so far this year. Cathie Wood, chief executive of Ark Investment Management, sold…

Report claims 'criminal activity and fraud run rampant' on Cash App

cnbc.com A new report from Hindenburg Research, a short seller investment firm, released Thursday has accused Block — the company formerly known as Square, founded by Jack Dorsey —…

5 analyst cuts of the day: Block slashed after Hindenburg accusations

investing.com Investing.com -- Here is your daily Pro Recap of the biggest analyst cuts you may have missed on InvestingPro since yesterday. Start your free 7-day trial to get this news…

Cathie Wood Doubles Down on a Disruptive Investment

thestreet.com Wood is buying a lot of market losers this week. Cathie Wood isn't one to sit by and let a sale go to waste. The Ark Invest investing guru is shuffling her holding in order…

Movers & Shakers: Bank ETFs stabilize but are still down on the week, Activision Blizzard’s stock surges, and other stocks on the move

marketwatch.com Here are some of the more prominent stock movers Friday, with the broader stock market pulling back over signals of more bank distress from Europe. While the beleaguered…

Stocks making the biggest moves midday: Block, Deutsche Bank, GameStop, Activision and more

cnbc.com Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Check…

Fintech’s Big Wakeup Call

theinformation.com Fintechs were supposed to transform banking by making it dead simple for users to open savings accounts or pay their bills. But a series of recent high-profile setbacks with…

Wall Street analysts' top stock calls on Friday

cnbc.com Here are Friday's biggest calls on Wall Street: UBS reiterates Tesla as buy UBS said it's recent survey checks show Tesla is "best positioned" to win the EV race. "Despite a…

Jack Dorsey’s worth plummets $526M after Hindenburg takedown of Block

nypost.com Twitter co-founder Jack Dorsey has seen his net worth plummet by more than half a billion dollars after short seller Hindenburg Research accused his mobile payments company…

Cathie Wood Just Bought More Block (SQ) Stock

investorplace.com Wood is betting regulators will find the Hindenburg Research report charges baseless. Its previous target had his fortune cut in half.

Block Stock Splits Wall Street. One Fund Buys It, Sells Tesla After Hindenburg

barrons.com A critical report from short-seller Hindenburg Research sends shares in Block falling. The company says the report is inaccurate, and some analysts agree.

Wall Street Breakfast: TikTok Goes The Clock

seekingalpha.com The U.S. government's moves against TikTok - the runaway-success short-form video social app owned by China's ByteDance (BDNCE) - have entered a new phase after a House…

A key indicator says a recession is guaranteed in 2023

businessinsider.com Happy Friday, team. I'm Phil Rosen — after a few days cruising the Caribbean (I even spent time in Sam Bankman-Fried's old stomping grounds) it's good to be back. From the…

Morning Bid: Bank angst persists, unnerves Europe

reuters.com A look at the day ahead in U.S. and global markets from Mike Dolan After a week of sweeping interest rate rises into a simmering bank crisis, market anxiety about the state…

Wall St set for lower open as bank contagion worries flare up

investing.com Wall Street's main indexes were headed for a lower open on Friday as concerns over the banking sector's health sapped the appetite for financial stocks. Treasury Secretary…

Futures Tumble, Treasuries And Rate Cut Odds Soar Amid Panic That Deutsche Bank Is The Next To Go

zerohedge.com Futures Tumble, Treasuries And Rate Cut Odds Soar Amid Panic That Deutsche Bank Is The Next To Go Yesterday, while attention was still focused on the US banking system and…

Jim Cramer's top 10 things to watch in the stock market Friday: Bank mess, stocks slide, Activision deal

cnbc.com My top 10 things to watch Friday, March 24 1. The Dow , the S & P 500 and the Nasdaq are set to open sharply lower Friday after a slide in Deutsche Bank (DB) shares raises…

Options Traders Targeting 3 Moving Stocks Today

marketbeat.com Stocks are rebounding as Wall Street continues to unpack yesterday's interest rate hike, with investors considering the Fed's policy for the rest of the year. In the…

Wedbush says it's 'not seeing anything illegal' with Block even as short-seller Hindenburg alleges the payment firm misled investors

businessinsider.com Hindenburg Research website displayed on a laptop screen. Jakub Porzycki/NurPhoto/Getty Images Wedbush Securities investment firm said it's not seeing anything illegal with…

Stock market today: Stock futures fall as further bank-related fears percolate

yahoo.com U.S. stock futures fell Friday morning as markets cap off a bumpy week following the Federal Reserve's interest rate decision on Wednesday and further pressure in the…

Before the Bell: Tech Megacaps Again Save the Day, Banks Stumble, and Jack Dorsey Gets Shorted

247wallst.com Premarket action on Friday had the three major U.S. indexes trading lower. The Dow Jones industrials were down 0.90%, the S&P 500 down 0.72% and the Nasdaq 0.38% lower. Nine…

Stocks making the biggest moves premarket: Deutsche Bank, Coinbase, Block, Marathon Oil and more

cnbc.com A Deutsche Bank AG flag flies outside the company's office on Wall Street in New York. Check out the companies making headlines in premarket trading. Deutsche Bank — The…

Things are pretty grim in real estate, but that could be a good thing for proptech startups in the long run

businessinsider.com Happy Friday! Dan DeFrancesco in NYC, and I'm feeling inspired after watching this video of a bouncer disarming a devil-masked gunman trying to force his way into a Tampa…

Americans are going all-in on cash. That could spell more trouble

cnn.com A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the…

Need to Know: Jay Powell is not your friend. Here’s how to trade that

marketwatch.com A calmer end to the week would be nice. The previous two sessions saw the S&P 500 SPX, vacillate wildly; on Wednesday jumping 0.9% before finishing down 1.6%; and Thursday,…

Cathie Wood’s ARK funds snap up Block after short-seller report

marketwatch.com Cathie Wood’s family of funds wasted no time pouncing on weakness in shares of Block after a short-seller report. Three of Wood’s funds, including the flagship ARK…

Dow futures fall 280 pts; global banking concerns grow

investing.com Investing.com -- U.S. stocks are seen opening lower Friday, with sentiment hit by continued concerns over the health of the global banking system ahead of the release of…

Wall Street reacts to Hindenburg's report on Block: 'We find it highly unlikely'

yahoo.com is still being put in a square penalty box by Hindenburg Research. Block stock fell another 4% in pre-market trading on Friday, after falling 15% on Thursday, as Wall Street…

Banks wobble again, Hindenburg hits Block, Eurozone PMIs

investing.com Investing.com -- Banks are in the spotlight again, with Europe leading the way down after a mystery spike in Federal Reserve lending to other central banks. Payments company…

Block Inc Shares Plunge 14% after Hindenburg Research’s Damning Expose

coinspeaker.com Coinspeaker Block Inc Shares Plunge 14% after Hindenburg Research’s Damning Expose American multinational financial technology giant Block Inc (NYSE: SQ) is currently under…

Stocks Slump, Fed Borrowing, Deutsche Bank Tumbles, Block Hits Back, Do Kwon Indictment

thestreet.com Stock futures slump as bank crisis spreads into Europe; Banks borrow $164 billion from Fed amid acute funding stress; Deutsche Bank shares tumble as default risk spikes amid…

These Stocks Are Moving the Most Today: Block, Coinbase, Meta, Netflix, Ouster, and More

barrons.com Shares of Block extend losses Friday after the payments company is targeted by short-selling firm Hindenburg Research, while Coinbase also falls for a second day following…

Futures waver as bank worries linger, investors weigh rate hike pause

reuters.com U.S. stock index futures struggled for direction on Friday as investors remained jittery over the health of the banking sector while they weighed the odds of the Federal…

What is short selling, and what is Hindenburg Research?

seattletimes.com Several negative reports from a short-selling firm, Hindenburg Research, have put a spotlight on the practice. Here are seven things to know about short selling and…

Twitter founder Jack Dorsey's net worth dropped by more than $500 million after US short seller Hindenburg targeted his payments company Block

businessinsider.com Jack Dorsey's Block payments firm is the latest company to be targeted by Hindenburg Research. Marco Bello/Getty Images Jack Dorsey's wealth tumbled after Hindenburg…

ARK Buys the Wells Dip With $17.7 Million COIN Purchase

yahoo.com Join the most important conversation in crypto and web3! Secure your seat today ARK Invest bought COIN low and sold it high this week. On Tuesday, Cathie Wood’s fund sold…

Block shares plunge 15% after short seller Hindenburg says Jack Dorsey’s company facilitates fraud

cnbc.com Shares of Jack Dorsey's Block plunged nearly 15% by Thursday's close after short seller Hindenburg Research announced that the payment company was its latest short position,…

Asian stocks subdued amid banking woes, economic fears

investing.com Investing.com-- Most Asian stock markets fell on Friday as comments from U.S. regulators failed to entirely quell fears of a banking crisis, while concerns over slowing…

Jack Dorsey's Wealth Erodes By $526M After Hindenburg Report

benzinga.com Block Inc SQ CEO Jack Dorsey’s wealth eroded by $526 million on Thursday after short-seller Hindenburg Research published a bearish report on the company. What Happened:…

A congressional TikTok smackdown

acast.com TikTok’s CEO faced bruising questioning in US Congress over the social media app’s links to its Chinese parent company ByteDance, short seller Hindenburg Research has…

Jack Dorsey Loses $526 Million Net Worth Hours After Hindenburg Report

ndtv.com Block Inc. co-founder Jack Dorsey's net worth was hammered after Hindenburg Research's latest report, which alleged the payments company ignored widespread fraud. Dorsey's…

Hindenburg Research Blasts Jack Dorsey’s Block, Alleges It Facilitated Fraud and Inflated User Metrics

bitcoin.com Hindenburg Research, a financial research firm, has issued a report claiming that Jack Dorsey’s Block, formerly known as Square, has facilitated fraud for criminals,…

Payments firm Block's Australian shares slump after Hindenburg report

investing.com Australia-listed shares of Block Inc, led by Twitter co-founder Jack Dorsey, plunged as much as 20% on Friday after Hindenburg Research alleged the payments firm overstated…

Bitcoin, Ethereum, Dogecoin Rise As Equities Face Banking Anxiety Again

benzinga.com Major coins were seen in the green on Thursday evening as the global cryptocurrency market cap rose 3.2% to $1.2 trillion at the time of writing. See Also: How To Start Your…

Cathie Wood Shrugs Off Hindenburg Attack On Jack Dorsey's Block With $21M Stock Buy

benzinga.com Cathie Wood-led ARK Investment Management defied a short-selling report by Hindenburg Research on Jack Dorsey's payment firm Block Inc SQ and loaded up over 338,000 shares…