Block raised its full-year gross profit forecast to $12.33 billion after a strong first quarter driven by Cash App and Square. Cash App gross profit jumped 38% year-over-year, boosted by lending ...

May 7 (Reuters) - Jack ⁠Dorsey-led ⁠Block on ⁠Thursday reported a jump in ​first-quarter profit, lifted by resilient ‌consumer spending. Adjusted profit ‌was $513 million, or ⁠85 ⁠cents per share, in ...

In today’s tech world, being adaptable and agile is key to surviving and staying ahead of the competition. Apple has somehow defied those norms and come out the other side unscathed. Now, it looks ...

Apple says developers are doing well on the App Store, globally. Apple’s global App Store ecosystem facilitated an impressive $1.3 trillion in developer billings and sales throughout 2024, marking a ...

Block Inc. remains bullish that its Cash App financial-services platform will remain a growth driver this year, despite its posting lower than projected gross profits during the first quarter, the ...

Apple’s incoming CFO didn’t get much time to settle in before he found himself in court defending the company against a class action lawsuit. Kevan Parekh yesterday claimed that the company that it ...

During the Epic Games vs. Apple trial, the Cupertino giant claimed to have no information about the profit margins generated by its own App Store, a bizarre defense that could have cost them dearly.

Analyst Mark Palmer downgraded the rating from Buy to Hold. Cash App generated gross profits of $1.38 billion, missing Street estimate of $1.42 billion, which contributed to "Block's shortfalls on ...