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S&P 500 crypto stocks tank after Fed’s controversial rate cut
Yahoo Finance· 2025-09-17 21:12
Group 1: Federal Reserve Actions - The U.S. Federal Reserve lowered interest rates for the first time in nine months, cutting the federal funds rate by 25 basis points to a new target range of 4.00% to 4.25% [1] - The decision was supported by 11 of 12 voting members and comes amid slowing economic growth, weaker job creation, and a slight uptick in unemployment, despite inflation remaining above target [1] Group 2: Cryptocurrency Market Reactions - Mining stocks were mostly weaker, with Iris Energy (IREN) down 0.44%, Bitmine off 0.61%, and Marathon Digital (MARA) losing 1.02% [2][5] - American Bitcoin gained 0.78%, while Riot Platforms (RIOT) was little changed [2][5] - A few lesser-known Bitcoin treasury stocks have shown significant upside momentum, indicating renewed investor interest in cryptocurrencies and related equities [3] Group 3: Individual Stock Performances - Coinbase (COIN) fell 2.20%, Tesla (TSLA) slipped 0.65%, Robinhood (HOOD) edged down 0.37%, and MicroStrategy (MSTR) dropped 0.86% [4] - PayPal (PYPL) gained 1.62%, and Block (SQ) added 0.32% [4] - Galaxy Digital (GLXY) increased by 1.89%, Mercurity Fintech (MFH) rose by 4.51%, and QMMM Holdings surged by 11.36% [6] Group 4: Other Notable Movements - Bullish Global (BLSH) had an upside change of around 5.32%, and Fold Holdings (FLD) saw a 3.90% increase [7] - Real estate firm CIMG gained 2.97%, while other mid-tier names like Empery Digital and Ming Shing Group also experienced price movements [7]
Cash App lures BNPL card users
Yahoo Finance· 2025-09-16 10:30
Core Insights - Block has gained one million monthly active users for its Cash App debit card featuring Afterpay's buy now, pay later (BNPL) options since February, indicating strong growth potential [1] - The company has allowed some of its 26 million active card users to retroactively apply BNPL loans to their purchases, with plans to increase the number of cardholders eligible for post-purchase loans [2] - Block anticipates financial benefits from the debit card-Afterpay combination by 2026, aiming to create a transparent credit card experience for consumers [3] Financial Performance - Cash App has extended $2 billion in lending on an annualized run rate since integrating Afterpay loans into its debit card [4] - The commerce category, which includes Cash App and Afterpay, experienced a 16% growth in the second quarter compared to the same period in 2024, with a customer spending volume of $183 billion over the past year [6] Consumer Behavior - The company has observed that younger consumers are increasingly cautious about traditional credit cards, leading to a growth in Cash App's lending [5] - Consumers are reevaluating their relationship with traditional credit, seeking more transparent fee structures and avoiding compounding interest [6]
Block CEO Jack Dorsey Invites Businesses Using Square PoS System To Test Bitcoin Payments Feature - Coinbase Global (NASDAQ:COIN)
Benzinga· 2025-09-16 10:23
Group 1 - Jack Dorsey, co-founder and CEO of Block Inc., is encouraging Square merchants to test Bitcoin payments, indicating a push towards integrating cryptocurrency into everyday transactions [1][2] - The Bitcoin payment functionality is in the final stages of testing and is expected to roll out in the second half of 2025, reaching all eligible Square merchants by 2026 [3] - Dorsey advocates for Bitcoin as a transactional currency, emphasizing its need to transition from a store of value to a medium of exchange, referencing the original vision of Bitcoin as a "peer-to-peer electronic cash system" [4] Group 2 - As of the latest data, Bitcoin (BTC) is trading at $115,364, down 0.68% in the last 24 hours, while Block shares increased by 0.58% in pre-market trading after a 2.42% rise during the previous trading session [5] - Block's stock shows a high growth score, reflecting strong historical expansion in earnings and revenue, which positions it favorably compared to other cryptocurrency-linked stocks [6]
Dominion Lending Centres Announces Block Share Repurchase
Newsfile· 2025-09-10 20:40
Group 1 - Dominion Lending Centres Inc. has purchased 709,247 class "A" common shares for a total price of $6,205,911, equating to $8.75 per share, for cancellation from a former employee [1] - The share buyback aligns with the company's capital allocation strategy and aims to create value for shareholders while focusing on business growth [2] - Dominion Lending Centres Inc. operates through three main subsidiaries and has a network of over 8,500 mortgage professionals and over 500 franchises across Canada [3]
Block, Inc. (XYZ) Presents At Goldman Sachs Communacopia + Technology Conference (Transcript)
Seeking Alpha· 2025-09-09 22:56
Core Insights - The conversation features Amrita Ahuja, CFO and COO of Block, discussing the company's financial performance and expectations [2][3]. Company Overview - Block is represented by its CFO and COO, Amrita Ahuja, who is engaged in a discussion about the company's operations and financial outlook [2][4]. Financial Performance - Amrita Ahuja may provide forward-looking statements regarding Block's financial performance, which are subject to risks and uncertainties [3].
Block (NYSE:SQ) 2025 Conference Transcript
2025-09-09 21:07
Summary of Block (NYSE: SQ) 2025 Conference Call Company Overview - **Company**: Block (NYSE: SQ) - **Date**: September 09, 2025 - **Key Speakers**: Amrita, CFO and COO of Block Core Industry Insights - **Industry**: Payments and Financial Services - **Key Products**: Square, Cash App, Afterpay, Proto Key Points and Arguments Financial Performance and Growth Expectations - Q2 was described as one of the strongest quarters in recent memory for Block, with expectations for continued growth in gross profit in Q3 and Q4, targeting 19% growth and a 20% adjusted operating income margin by year-end [7][9][10] - The company has seen a 7% to 10% acceleration in Square Gross Payment Volume (GPV) from Q1 to Q2, with strong performance in discretionary verticals like food and beverage and retail [15][16] Organizational Changes and Strategy - Transitioned from a business unit-oriented structure to a functional-oriented structure, enhancing product velocity and organizational adaptability [10][11][12] - Focused on prioritizing initiatives that align with overall strategy, leading to greater product velocity and distribution [12][13] Customer Acquisition and Retention - Strong dollar-based new volume added in Q2, with the highest growth rate since 2021, and expectations for 40%+ growth rates by year-end [19][20] - Retention rates in key verticals like food and beverage and retail have improved, with the lowest churn since mid-2023 [21] Cash App Insights - Cash App has seen significant growth in direct deposit accounts, with 300,000 new accounts year-to-date as of July, compared to 500,000 for the entire previous year [31] - The cohort of customers using Cash App for primary banking services is larger than previously reported, with 8 million monthly actives showing three times the average revenue per user (ARPU) compared to the overall base [34][35] Cash App Borrow and Lending Strategy - Cash App Borrow has nearly doubled origination in the first half of the year, reaching an $18 billion annualized run rate in Q2, with plans to expand into over 20 new states [46][47] - The product is characterized by small dollar loans with high annualized net margins of about 24% [48] Afterpay and BNPL Integration - The postpaid Buy Now Pay Later (BNPL) product launched in February has shown strong initial performance, with a $2 billion annualized origination rate as of July [51][53] Proto Initiative - The Proto initiative, focused on Bitcoin mining rigs, is expected to contribute to revenue growth, with a total addressable market (TAM) estimated at $3 to $6 billion annually [57][58] Market Dynamics and Consumer Behavior - The company is closely monitoring macroeconomic conditions and consumer behavior, with resilience observed across its ecosystems [15][16] - Investments in marketing and sales have yielded strong returns, allowing for adaptability in response to market shifts [16] Additional Important Insights - The company is leveraging its bank subsidiary, Square Financial Services, to enhance its lending capabilities and product offerings [49][50] - The integration of commerce and financial services is seen as a unique advantage, with plans to drive further growth through Cash App's commerce pillar [55][56] This summary encapsulates the key insights and strategic directions discussed during the Block conference call, highlighting the company's focus on growth, customer engagement, and innovative product offerings in the payments and financial services industry.
Options Bears Quadrupled Their Money With Block Puts
Schaeffers Investment Research· 2025-09-09 18:35
Schaeffer's Weekly Options Countdown subscribers scored an impressive gain with our Block Inc (NYSE:XYZ) weekly 9/5 79-strike put recommendation. In fact, investors quadrupled their money in less than a week, so it's time to dig into the drivers behind this winning trade.At the time of our recommendation on Sunday, Aug. 31, Block (XYZ) had been stuck under $80 for over a month, with three rejections resulting in lows around $73. It seemed like that could roll over, though, as fintech peers stalled out.What' ...
The Alkaline Water Cancels Block of Common Stock
Accessnewswire· 2025-09-09 10:00
GLENDALE, ARIZONA / ACCESS Newswire / September 9, 2025 / The Alkaline Water Company, Inc. (OTC PINK:WTER -- hereinafter referred to as the "Company"), a leader in premium hydration solutions, today announced that it has officially cancel 94,300,000 shares of Common Stock pursuant to a Settlement Agreement. In February of this year, the Company issued 94,300,000 shares of its Common Stock pursuant to an asset purchase agreement for the acquisition of inventory, as previously disclosed. ...
H&R Block Continues To Be A No-Brainer
Seeking Alpha· 2025-09-08 16:58
I've been in the investing world for almost 10 years now, in which time I've garnered a lot of experience around what works and what doesn't. Over this period, one lesson that has impressed itself upon me is that you should really be looking for investment opportunities that "hit you like a 2x4-to-the-head with how obvious they are," to paraphrase Mohnish Pabrai. As a result of this, in my writing on Seeking Alpha, my goal is to be able to communicate ideas simply, as the investing game is already difficult ...
CEO.CA's Inside the Boardroom: Oregen Energy CEO on Oil Block Strategy in Namibia's Orange Basin
Newsfile· 2025-08-28 12:20
Company Overview - Oregen Energy Corp. is engaged in offshore oil exploration in Namibia's Orange Basin, where over 20 billion barrels of oil have already been discovered [4] - The company holds a 34% stake in Block 2712A through its partnership with WestOil, positioning itself strategically in the region [4] Strategic Plans - Oregen Energy plans to conduct a 3D seismic survey in Q4, which is expected to be critical for identifying optimal drilling targets [4] - In 2026, the company intends to open a data room for super majors, aiming to farm out the costly drilling phase while maintaining a carried interest in potential significant oil discoveries [4] Industry Context - The Orange Basin is recognized for its major oil finds, making it a focal point for exploration and investment in the oil and gas sector [4] - The ongoing developments in the region highlight the growing interest and competition among energy companies in offshore oil exploration [4]