Block shares soar 10% on entry into S&P 500

Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Block shares jumped more than 10% in extended trading on Friday, as the fintech company get set to join the…

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Meta says it won’t sign Europe AI agreement

Jakub Porzycki | Nurphoto | Getty Images Meta Platforms declined to sign the European Union’s artificial intelligence code of practice because it is an overreach that will “stunt” companies, according to global affairs chief Joel Kaplan. “Europe is heading down the wrong path on AI,” Kaplan wrote in a post on LinkedIn Friday. “This code…

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Investing in Space: The market’s taking off

Digital generated image of a futuristic financial dashboard with holographic displays of various stock market graphs and data visualizations. The scene includes detailed graphs with line and bar charts, real-time data feeds, and transparent screens, indicating a high-tech, data-driven environment suitable for financial analysis and trading. Eugene Mymrin | Moment | Getty Images CNBC’s Investing…

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Amazon Web Services has some layoffs

Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon is laying off some staffers in its cloud computing division, the company confirmed Thursday. “After a thorough review of our organization, our priorities, and what we…

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TSMC profit surges 61% to record high fueled by AI chip demand

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, hitting…

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