Tag Archives: CNBC

Block plunges 20% as Cash App miss triggers downgrades

Analysts flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and a soft macro environment that may weigh on monetization.

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Apple clears Spotify update under new rules allowing purchases within apps

The approval comes after a U.S. federal judge on Wednesday ordered Apple to stop imposing the commissions it makes on purchases through iPhone apps.

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Tether eyes U.S. expansion with new stablecoin as CEO courts Washington crypto players

CEO Paolo Ardoino’s recent charm offensive in Washington has put a spotlight on Tether amid the pro-crypto shift under President Trump.

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China’s Xpeng delivers over 30,000 vehicles for the sixth consecutive month

Chinese electric vehicle startup Xpeng in April sustained its record of delivering over 30,000 vehicles for the sixth consecutive month.

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Ireland fines TikTok 530 million euros for sending EU user data to China

Ireland’s privacy regulator said Friday that TikTok infringed the bloc’s GDPR data protection law over transfers of European user data to China.

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Venmo gaining ground in payments as Cash App struggles

Earnings from PayPal and Block revealed diverging paths in peer-to-peer payments, with Venmo accelerating and Cash App losing steam.

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Apple has managed tariffs so far, but Cook says it’s tough to predict beyond June

The vast majority of Apple’s products are “currently not subject” to Trump’s tariffs, CEO Tim Cook said. But beyond June, he didn’t say much.

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Nvidia CEO Jensen Huang gets first salary raise in a decade

Nvidia CEO Jensen Huang saw a 49% boost to his salary.

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Amazon CEO Jassy says he’s ‘optimistic’ company could emerge from tariff uncertainty stronger

Amazon CEO Andy Jassy said he’s “optimistic” the company could emerge from the current tariff environment stronger than before.

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Block shares plunge 15% as company takes ‘cautious stance,’ issues weak guidance for year

Block reported weaker-than-expected revenue for the first quarter.

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