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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 30, 2026 / Tyler Durden
The Market Is Grappling With Two Major Unknowns
The Market Is Grappling With Two Major Unknowns
By Stefan Koopman, Senior Macro Strategist at Rabobank
President Trump began this week’s Monday‑morning jawboning ahead of schedule. Speaking to reporters aboard Air Force One on Sunday evening as he returned to Washington DC, he talked up the negotiations with Iran, said that Iran’s new leadership already constitutes “regime change” and praised the “deal” with Iranian speaker Ghalibaf to allow up to 20 Pakistan-flagged oil tankers to pass through the Strait of Hormuz under Iranian (!) escort.
Markets have already brushed aside Trump’s comments,...
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Apr 8, 2026 / Tyler Durden
Eric Swalwell About To Be Hit With 'Shocking' Number Of Sexual Harassment Allegations; Report
Eric Swalwell About To Be Hit With 'Shocking' Number Of Sexual Harassment Allegations; Report
Authored by Debra Heine via American Greatness,
A “shocking” number of former female employees and interns are preparing to come forward to accuse Rep. Eric Swalwell (|D-Calif.) of sexual misconduct, according to a Democrat activist.
Cheyenne Hunt, a lawyer, former congressional candidate and executive director of the left-wing nonprofit Gen-Z for Change, revealed on X Sunday, that she has been working with a number of women who are in the process of sharing their accusations with major news...
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Mar 27, 2026 / Tyler Durden
UAE Pushes For Hormuz Security Force, While Turkey Argues Against Gulf Entry Into War
UAE Pushes For Hormuz Security Force, While Turkey Argues Against Gulf Entry Into War
It's one of those things that sounds nice on paper, but when missiles and drones are inbound, no one is going to want to be on a military ship sitting in the middle of the Strait of Hormuz: the United Arab Emirates, which has been among the hardest-impacted Gulf states in Iran's ongoing retaliation, is pressing for a multinational maritime taskforce to reopen vital oil transit waterway, the Financial Times reports Friday.
The UAE, with a navy that's not...
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