Energy
Cash App opens up to Apple Pay and Google Pay for the first time
Cash App’s new Pools feature lets users set a group funding goal, name the pool, and invite contributors. Courtesy: Cash App Cash App is going on the offensive in peer-to-peer payments. The Block-owned payments platform on Tuesday unveiled Pools, a new peer-to-peer feature designed to make group payments simple. It’s the company’s first major P2P […]
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PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates
PayPal reported better-than-expected results for the second quarter and raised its full-year guidance for transaction margin dollars and earnings per share. The stock slipped more than 4% following the report. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected […]
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Under Trump, Uncle Sam is becoming an active investor at a scale not seen outside war or major crises
The Trump administration has taken direct stakes in companies on a scale rarely seen in the U.S. outside wartime or economic crisis, pushing a Republican Party that traditionally championed free-market capitalism to embrace state intervention in industries viewed as important for national security. Japan’s Nippon Steel agreed to give President Donald Trump a “golden share” […]
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AI startups raised $104 billion in first half of year, but exits tell a different story
In this photo illustration, Claude AI logo is seen on a smartphone and Anthropic logo on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images OpenAI and Anthropic continue to lead a fundraising bonanza in artificial intelligence, raising historic rounds and stratospheric valuations. But when […]
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Telegram’s crypto wallet goes live to its 87 million U.S. users
Telegram users in the U.S. can now send, receive, and manage cryptocurrency directly inside the app — no downloads, extensions, or separate logins required. TON Wallet is built into Telegram’s interface and is beginning its U.S. rollout this week. It is a self-custodial crypto wallet in which a user controls their own private keys. The […]
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Block’s stock pops on addition to S&P 500
The logo for the U.S. tech firm Block is displayed and reflected in numerous digital screens in London, England, on March 3, 2023. Leon Neal | Getty Images Block shares jumped 7% on Monday after S&P Global said the company will join the S&P 500, replacing Hess, which was acquired by Chevron for $54 billion. […]
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Block shares soar 10% on entry into S&P 500
Key Points Block is joining the S&P 500, replacing Hess as of July 23. Hess is exiting the index upon its acquisition by Chevron. Source
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Westinghouse plans to build 10 large nuclear reactors in U.S., interim CEO tells Trump
Plant Vogtle Nuclear Power Plant in Waynesboro, GA, August 15, 2024. Van Applegate | CNBC Westinghouse plans to build 10 large nuclear reactors in the U.S. with construction to begin by 2030, interim CEO Dan Sumner told President Donald Trump at a roundtable in Pittsburgh on Tuesday. Westinghouse’s big AP1000 reactor generates enough electricity to […]
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Circle stock drops after House blocks key procedural vote on legislation
Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. NYSE Circle shares slid on Tuesday after the U.S. House of Representatives failed to clear a key procedural hurdle that would have teed up votes on long-awaited crypto-related bills. The move dealt a major setback […]
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Crypto super PAC Fairshake reports $141 million war chest
Jakub Porzycki | Nurphoto | Getty Images Fairshake, the cryptocurrency industry’s most powerful political action committee, announced Tuesday that it now holds more than $141 million in cash on hand, underscoring the sector’s growing influence as Congress takes up landmark legislation this week. The total, which includes liquid assets like crypto, stock, and cash, reflects […]
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