Jack Dorsey Halves Block's Workforce in 'Intelligence-First' Overhaul
Jack Dorsey’s Block slashes workforce by nearly half (4,000 jobs) to become AI-first. Strong 2025 growth + stock jumps 24% after bold restructure.
Jack Dorsey’s Block slashes workforce by nearly half (4,000 jobs) to become AI-first. Strong 2025 growth + stock jumps 24% after bold restructure.
Sable Offshore shares drop after a California judge's preliminary ruling keeps an injunction on pipeline restart in place.
Vistra Corp (VST) reports Q4 adjusted EBITDA of $1.74B beating estimates, but net income falls 52%. Strong 2026 guidance & major nuclear deals with AWS & Meta fuel AI power growth.
Hertz missed Wall Street forecasts with a 63-cent adjusted loss in Q4 due to government shutdown, flight chaos, and soft used-car prices. Revenue stable, full-year progress strong, and mid-single-digit growth expected in Q1 2026.
Sandisk (SNDK) rises 3% in premarket trading after teaming up with SK Hynix to standardize High Bandwidth Flash (HBF), a new memory tech designed to power efficient AI inference in data centers.
Shake Shack reported Q4 2025 adjusted EPS of $0.37 (beat estimates), revenue $400.5M up 22%, same-store sales +2.1%. Maintained margins despite costs; shares +8%. Strong 2026 outlook.