ADVFN US – Market Content Editor

Block Inc (NYSE:XYZ) is preparing to cut as much as 10% of its global workforce—around 1,100 roles—as part of a broader effort to rein in costs and streamline operations, according to a report from Bloomberg. The Jack Dorsey-led payments group has begun informing hundreds of employees that their positions may be at risk as part…

Kroger Company (NYSE:KR) is preparing to name former Walmart (NASDAQ:WMT) executive Greg Foran as its next chief executive officer, according to a report by the Wall Street Journal citing people familiar with the matter. The U.S. supermarket chain is expected to announce the appointment as early as Monday, bringing to a close a search that…

Tegna Inc (NYSE:TGNA) shares advanced roughly 5% in premarket trading on Monday after U.S. President Donald Trump publicly backed a proposed merger between Tegna and Nexstar Media Group (NASDAQ:NXST). Trump expressed his support for the potential transaction on Saturday, saying he favours the combination, which would result in the largest operator of regional television stations…

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) has launched a new robotics business, introducing three robot product lines at the NADA Show in Las Vegas and confirming that initial deliveries are scheduled to begin before the end of February, according to the company. The California-based electric vehicle maker also hosted a dealer summit on February 5,…

Oil prices moved sharply lower on Monday, dropping more than 1% as concerns over potential supply disruptions in the Middle East eased following renewed diplomatic engagement between the United States and Iran over Tehran’s nuclear programme. Brent crude futures were down 84 cents, or 1.2%, at $67.21 a barrel by 07:47 GMT, while U.S. West…

Bitcoin (COIN:BTCUSD) traded above the $70,000 mark on Monday, consolidating after a strong rebound late last week from levels close to $60,000. The move comes as investors reassess risk exposure following heavy liquidations and shift their focus toward key U.S. economic releases scheduled for later in the week. The world’s largest cryptocurrency was last up…