Block says gross profit in 2028 will approach $16 billion as company unveils 3-year outlook
Block laid out long-term financial targets, projecting annual gross profit growth in the mid-teens through 2028.
Kraken confidentially files for IPO following $800 million raise
Kraken confidentially filed with federal regulators to go public in the U.S. after recently raising $800 million at a $20 billion valuation.
Fed minutes show divide over October rate cut and cast doubt about December
While the Federal Open Market Committee approved a cut at the meeting, the path forward looks less creation.
OpenAI rolls out ‘ChatGPT for Teachers’ for K-12 educators and districts
ChatGPT for Teachers will be free to K-12 educators in the U.S. through June 2027
JetBlue to add Milan, Barcelona flights next year in push for high-spending travelers
The new seasonal flights will launch next spring from Boston
Nvidia reports third-quarter earnings after the bell
Nvidia is at the center of the artificial intelligence boom, and counts every major cloud company and AI lab as a customer.
BLS says full October jobs data won’t be released, available figures to be included in next report
The Bureau of Labor Statistics said Wednesday it will not release a full U.S. jobs report for the month of October.
Stocks making the biggest moves midday: Alphabet, Nvidia, Lowe’s, La-Z-Boy, MP Materials & more
These are the stocks posting the largest moves midday.
MP Materials stock surges on Pentagon-backed deal to develop rare earth refinery in Saudi Arabia
The agreement will expand MP’s global footprint and is structured to “ensure U.S. oversight and alignment with national security objectives,” the company said.
Muddy Waters Capital’s Carson Block makes rare long call in Canadian miner Snowline Gold
Block expects Snowline to be acquired within the next three years.