Welcome back. Jack Dorsey's block making some headlines earlier this year when it announced it would lay off 40% of its workforce as it leaned into AI. Now, the company's latest report giving us some insight into that transition.Our Mackenzie Sagalos has that story. Morning, Mac. >> Hey, good morning, Carl.So, Block Shar is getting a nice lift this morning, up almost 7% now after what you could call CEO Jack Dorsey's vindication print. This was Block's first major test since Dorsey cut nearly half the compa ...

Block shares getting a nice lift this morning up almost 7% now after what you could call CEO Jack Dorsey's vindication print. This is blocks first major test since Dorsey cut nearly half the company's workforce and told investors that AI would let them run leaner, faster, and more efficiently. And this quarter gives bulls real evidence that that's AI reset is starting to work.Block beat on earnings, margins came in stronger than expected, cash app revenue ahead of the street on strength in credit products a ...

🔥 TODAY: Jack Dorsey's Block surges 8% after Q1 earnings beat analyst estimates despite posting its first loss in three years amid a Bitcoin revenue decline. https://t.co/QyCzaOHtzH ...

Shares of Block surged after it raised its full-year profit forecast, expecting to end 2026 with $2.91 billion, a 19% year-on-year growth https://t.co/Isw2QpOQPT ...