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Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring
Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring
One week after WIRED reported that things were pretty dismal over at Jack Dorsey's payment processing company Block (formerly Square), the company announced that they are cutting 4,000 employees - nearly half of their headcount - in order to invest 'heavily' in artificial intelligence tools to run more efficiently, including its own called Goose, Bloomberg reports.
The news sent shares up over 30% in after hours trade.
"We are taking bold and decisive action here, but we’re doing it from a position of...
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Mar 4, 2026 / Tyler Durden
NY AG James Orders Hospital To Resume Gender-Transition Treatment For Minors
NY AG James Orders Hospital To Resume Gender-Transition Treatment For Minors
Authored by Jonathan Turley via jonathanturley.org,
In a rare and controversial move, New York Attorney General Letitia James has ordered a Manhattan hospital to resume offering gender-transition treatment to transgender youth. NYU Langone had discontinued such treatments after funding threats from the Trump administration. It is now caught between the proverbial rock (HHS) and a hard place (NYAG).
Last year, President Donald Trump signed an executive order entitled “Protecting Children from Chemical and Surgical Mutilation,” seeking to restrict gender-transition treatment for...
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Feb 18, 2026 / Tyler Durden
Calm Market Waters Hide Fierce Undercurrents
Calm Market Waters Hide Fierce Undercurrents
Authored by Michael Lebowitz via RealInvestmentAdvice.com,
The price movement in the broad S&P 500 index is relatively calm. Yet the market’s undercurrent, as measured by sharply diverging returns across stock sectors and factors, is anything but calm. The current market picture we paint is well embodied by a quote from Jules Verne in 20,000 Leagues Under the Sea.
“The sea was perfectly calm; scarcely a ripple disturbed its surface. But beneath this tranquil exterior, powerful currents were flowing with irresistible force.”
Given this divergence between the calm...
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Mar 4, 2026 / Tyler Durden
Watch: Bessent Teases 'Series Of Announcements' To Stabilize Oil; Says Trump's 15% Tariff Will Kick In This Week
Watch: Bessent Teases 'Series Of Announcements' To Stabilize Oil; Says Trump's 15% Tariff Will Kick In This Week
Authored by Andrew Moran via The Epoch Times (emphasis ours),
President Donald Trump’s 15 percent global tariff will take effect sometime this week, Treasury Secretary Scott Bessent said.
Following the Supreme Court’s rebuke of the president’s signature economic policy last month, Trump imposed a 10 percent global tariff, invoking Section 122 of the Trade Act of 1974. A day later, Trump pledged to raise the rate to 15 percent.
Treasury Secretary Scott Bessent testifies before...
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