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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 1, 2026 / Dave DeCamp
Before Khamenei Killing, CIA Assessed He Would Likely Be Replaced by More Hardline Elements of the IRGC
Before the US and Israel launched a war against Iran on Saturday morning and killed Ayatollah Ali Khamenei, the CIA assessed that if the Iranian leader were killed, his rule would likely be replaced by “hardline” figures from Iran’s Islamic Revolutionary Guard Corps, Reuters has reported. The report said that the assessment was produced over […]
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Apr 21, 2026 / Tyler Durden
Wheat Spread Blows Out As Drought Chaos Plagues America's Breadbasket
Wheat Spread Blows Out As Drought Chaos Plagues America's Breadbasket
Hard red winter wheat (HRW) futures widened to their largest premium over soft red wheat (SRW) in more than two years as severe drought intensified across key breadbasket regions in the Great Plains and Midwest. This means traders are pricing in weather impacts and tightening expectations for higher-protein wheat supplies.
It is important to note that HRW is a more valuable protein and is primarily used in bread, rolls, and all-purpose flour. It is grown in the U.S. Plains (Kansas, Oklahoma,...
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Jun 4, 2026 / Dave DeCamp
House Passes Bill To Give Ukraine Billions in Additional Military Aid as War Escalates
The US House of Representatives on Thursday passed a bill to provide Ukraine with billions in additional military aid and increase sanctions on Russia, a move that comes as the more than four-year-old war between Russia and Ukraine is escalating. The Ukraine Support Act passed in a vote of 226-195, with 18 Republicans joining Democrats […]
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