Block stock falls, plans to take legal action against Hindenburg Research
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Block stock falls, plans to take legal action against Hindenburg Research
Block stock falls, plans to take legal action against Hindenburg Research
Yahoo Finance Live’s Brad Smith discusses the decline in stock for Block.
Yahoo Finance Live’s Brad Smith discusses the decline in stock for Block.
Yahoo FinanceWall Street reacts to Hindenburg's report on Block: 'We find it highly unlikely'
Wall Street is not so sure about a new short call on Block.
3h ago
Yahoo FinanceBlock stock falls 15% amid short seller accusations of 'inflated metrics' and avoiding regulation
Block stock fell 15% after short seller Hindenburg Research said the digital payment company formally known as Square has "systematically taken advantage of the demographics it claims to be helping."
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(Bloomberg) -- Block Inc. co-founder Jack Dorsey’s net worth was hammered after Hindenburg Research’s latest report, which alleged the payments company ignored widespread fraud. Most Read from BloombergUBS Sends Khan to Stem Credit Suisse’s Private Banker ExitsJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockJack Dorsey’s Wealth Tumbles $526 Million After Hindenburg ShortCredit Suisse, UBS Among Banks in DOJ Russia-Sanctions ProbeDorsey’s fortune plunged by $526 m
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Since the banking crisis began, investors have been looking toward the Federal Reserve. The central bank’s move on interest rates had been widely anticipated, and investors were eager for a sign to indicate whether the Fed saw inflation or a bank run crisis as the greater threat. With central bank’s announcement of a 25 basis point rate hike, or 0.25%, the impression is that the Fed has tried to take a middle path, and is slowing its interest rate policy to calm the banking sector while not aban
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2d ago
TipRanksDown More Than 50%: 2 ‘Strong Buy’ Stocks That Are Too Cheap to Ignore
When stock prices fall, opportunities open up. That’s true whether we’re talking about a general market decline, or a slip in some individual stocks. However, it is crucial for investors to conduct due diligence and investigate the reasons behind the drop in price to ensure that they are making informed investment decisions. The key to success here is recognizing when a low-priced stock is fundamentally unsound or just facing tough trading conditions. Fortunately, Wall Street’s equity analysts a
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BloombergTech Powers Stock Gains With Banks Under Pressure: Markets Wrap
(Bloomberg) -- The stock market shrugged off losses, with traders piling into some of the world’s largest technology companies that are seen by many on Wall Street as a kind of shelter in times of stress and economic uncertainties.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockUBS Sends Khan to Stem Credit Suisse’s Private Banker ExitsCredit Suisse, UBS Among Banks in DOJ Russia-Sanctions ProbeJack Dorsey’s Wealth Tumbles $526 Million Aft
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2h ago
Investor's Business DailySquare Plunges On Short Seller Charges, Company To Explore Legal Action
Square plunged after Hindenburg Research disclosed a short position in SQ stock while claiming Cash App consumer services facilitate fraud.
18h ago
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1d ago
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Total household balances in retirement accounts for those 55 to 64 years old are $413,814 on average, according to its estimates based on 2019 data, the most recent available. “For many, the expectation of retirement doesn’t match the facts of their everyday financial lives,” said Larry Raffone, chief executive of Edelman Financial Engines. Dana and Elsie Jones hoped to become snowbirds in retirement, living half the year in Florida.
5h ago
TipRanksBlock: The Short Seller Report Makes Some Good Points, but Doesn’t Convince, Says Analyst
Thursday is turning out to be a bad day for Block (NYSE:SQ) stock. Shares of the digital payments specialist are down 14%, as of this writing, after a short seller launched an attack on the company. Specifically, following a two-year investigation, Hindenburg Research alleged Block was facilitating fraudsters. The short seller also announced it had opened a short position on the shares. Hindenburg claimed that after looking into the matter, it discovered that Block’s enormously successful Cash A
21h ago
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