Block Inc. reported a 27% year-over-year gross profit growth to $2.91 billion in Q1 2026, driven mainly by strong performance from Cash App and Square. Adjusted operating income rose 56% to $728 million, with operating margins hitting a record 25%. However, GAAP results showed a $309 million net loss due to a $173 million Bitcoin-related fair value loss and $852 million in restructuring charges following workforce reductions. Despite these losses, Block's Bitcoin holdings remain significant at 9,032 BTC worth approximately $724.4 million. The company also expanded Bitcoin payment services for small U.S. businesses, signaling ongoing crypto integration.
Cartesian Growth Corporation III shareholders approved the business combination with Factorial Inc., a solid-state battery technology leader. Once the deal closes, the combined company will be renamed Factorial Energy Inc. and its shares will trade o...
TextUs has enhanced its business SMS platform with AI-powered features that transform SMS from a simple broadcast tool into a full-funnel revenue channel for SaaS companies. The platform now includes AI-driven contact scoring, smart message delivery ...
Dell Federal Systems secured a $9.7 billion, five-year contract from the Pentagon to manage Microsoft software licenses across the Defense Department, intelligence community, and U.S. Coast Guard. The deal aims to consolidate licenses, reduce duplica...
Cohen & Steers REIT and Preferred Income Fund, Inc. disclosed the sources and estimated amounts of its May 29, 2026 distribution, including net investment income, capital gains, and return of capital. The Fund follows a managed distribution policy to...
Cohen & Steers Closed-End Opportunity Fund, Inc. revealed its distribution sources for May 29, 2026, with 61.61% coming from long-term capital gains and 38.39% from net investment income. The fund follows a managed distribution policy to provide regu...
