Block Inc. has been focused on getting leaner, and that paid off for the Square parent company in the latest quarter as it posted a surprise profit.Shares climbed more than 13% in Thursday’s extended session as Block also delivered an upbeat bottom-line forecast.The company on Thursday recorded fourth-quarter net income of $10 million, or 2 cents a share, whereas it posted a loss of $541 million, or 93 cents a share, in the year-earlier period. Analysts tracked by FactSet had been expecting a 1 cent loss pe ...

Nvidia Corp.’s latest earnings report was one for the history books in many ways, as the company delivered record profits and revenue — and is on track to deliver the biggest one-day haul of market capitalization for any U.S. company. See more: Nvidia’s stock surge is poised to make history — and ‘mammoth growth’ is on tapBut it’s not just Nvidia NVDA, +15.37% setting records in the wake of its results. Shares of rival Advanced Micro Devices Inc. AMD, +11.22% are on track to close at a new all-time high, up ...

Electronic Arts Inc. has finally revealed how much it will pay college athletes to appear in its highly anticipated upcoming videogame “EA Sports College Football 25.”A total of 11,390 college-football players from 134 FBS schools will be eligible to receive $600 each for their name, image and likeness (NIL) to appear in the game, no matter if they are the star quarterback or a backup defensive lineman on their team. Players will also get a free copy of the game from EA Sports, Electronics Arts’s EA, +1.91% ...

AT&T Inc. confirmed “wireless service interruptions” that were impacting some of its users Thursday morning, following user reports of outages. Tens of thousands of AT&T T, -2.50% users had flagged service disruptions on Downdetector around 9 a.m. Eastern time. AT&T said it was “working urgently to restore service” to affected customers. The carrier said that users should turn to Wi-Fi calling until the problems are fixed. While customers of Verizon Communications Inc. VZ, -1.73% and T-Mobile US Inc. ...

Amazon.com Inc. founder and Executive Chairman Jeff Bezos sold another $2 billion tranche of stock in recent days, bringing his total stock sales this month to about $8 billion. According to a filing with the Securities and Exchange Commission, Bezos sold about 14 million shares between Thursday and Tuesday, at prices ranging from $166.41 a share to $170.89, for roughly $2.2 billion. Bezos had previously offloaded about 36 million shares since Feb. 7, in tranches of around 12 million shares apiece. The m ...

“Many companies, including giants Nvidia and Qualcomm, will likely partner with Intel for packaging and/or wafer capacity, and this seems to be going somewhat unnoticed.”I’m bullish on Intel for three main reasons: the leadership of Chief Executive Pat Gelsinger, the company’s strong ecosystem and Intel’s INTC, +2.32% ambitious foundry business — which has perhaps found the perfect moment to become the most important driver of Intel’s future. Open AI CEO Sam Altman drew widespread attention recently when he ...

Amazon.com Inc. is set to join the Dow Jones Industrial Average in a week, a move meant to reflect “the evolving nature of the American economy,” S&P Dow Jones Indices said late Tuesday. Amazon AMZN, -1.43% replaces Walgreens Boots Alliance Inc. WBA, +1.50% in the Dow Jones DJIA. The change was prompted by Walmart Inc.’s WMT, +3.23% 3-to-1 stock split, Dow Jones Indices said. Amazon’s stock rose 1.3% in after-hours trading following the news. ...

Palo Alto Networks Inc. shares were tumbling in Tuesday’s extended session after the cybersecurity company came up short with its forecasts for the current quarter and trimmed its full-year revenue outlook. The company models fiscal third-quarter revenue of $1.95 billion to $1.98 billion along with $2.30 billion to $2.35 billion in billings, a metric that takes into account deferred revenue. The FactSet consensus was for $2.04 billion in revenue and $2.62 billion in billings. Palo Alto Networks PANW, -0 ...

FuboTV filed a lawsuit Tuesday to block a new sports-streaming joint venture scheduled to premiere this fall, claiming the ESPN-Warner Bros. Discovery-Fox juggernaut would squeeze Fubo’s ability to carry a skinny bundle of sports-focused channels that the venture plans to include.The lawsuit, filed in the U.S. District Court for the Southern District of New York, seeks a jury trial and punitive damages against the service from Walt Disney Co.’s DIS, -1.73% ESPN, Fox Corp. FOX, -1.18% and Warner Bros. Discov ...

Nvidia Corp. is about to report another set of blowout results Wednesday, but Wall Street has come to expect that more and more from the chip giant.Perhaps that’s why Nvidia’s stock NVDA, -4.82% was sliding toward its worst day in over a year heading into the report. Shares were down 6.2% in Tuesday afternoon action and on track to log their largest single-day percentage decline since Dec. 27, 2022, when they lost 7.1%.Nvidia was on pace to shed $112 billion in market capitalization on the day, which would ...