Jack Dorsey’s payments company Block expands corporate card service to the UK

Key Points

Block’s business-focused payments arm, Square, told CNBC it has rolled out it’s Square Card product in Britain.
It marks the first time Block has expanded its business card offering outside North America, where it first launched in 2019.
The firm will come up against local banking giants like Lloyds and NatWest, as well as fintech players including Pleo, Payhawk and Spendesk.

Source

Finance

Why millions of Americans would lose health insurance under House GOP megabill

June 6, 2025

Key Points Federal funding cuts in the House of Representatives’ One Big Beautiful Bill Act may prompt millions of Americans to lose insurance under Medicaid and the Affordable Care Act. With the Senate now poised to consider the legislation, here’s who experts say could be most vulnerable to getting dropped from health care coverage. Source

Finance

Long-awaited Trump-Xi call isn’t enough to resolve looming critical mineral shortage this summer

June 6, 2025

Key Points A high-stakes U.S.-China call has yet to resolve a rare earth metals shortage. Businesses say the shortage could halt production of cars and other industrial parts this summer. Only some Chinese suppliers of U.S. companies have received six-month export licenses. Source

Finance

Stocks making the biggest moves midday: Brown-Forman, Five Below, Ciena, PVH, Planet Labs and more

June 5, 2025

Check out the companies making the biggest moves midday: MongoDB — The document storage and retrieval provider surged 16% after first-quarter earnings of $1 per share, excluding one-time items, topped an LSEG estimate of 66 cents per share. Revenue of $549 million topped the consensus estimate of $528 million. Tesla — The electric vehicle maker […]