Block Stock Plunges After Missing Revenue Targets and Lowering Guidance
• 1 min read
Block's shares dropped 17% following disappointing Q1 results, with revenue falling to $5.77 billion against expected $6.2 billion. The fintech company lowered its profit outlook for 2024 amid economic uncertainty, despite achieving record profitability with 9% gross profit growth.
JPMorgan CEO Jamie Dimon Sells $31.5M in Shares as Succession Plans Take Shape
• 1 min read
Jamie Dimon, JPMorgan Chase's long-serving CEO, has sold $31.5M worth of shares amid talks of leadership transition by 2026. The sale follows a larger $150M stock offload in February 2024, marking a shift from his historical pattern of long-term holding.