Block Inc. shares tumbled after Hindenburg Research said it’s betting on a decline in the stock, saying the payments company led by Jack Dorsey facilitated fraudsters who took advantage of government stimulus programs during the pandemic.
More oil tankers have diverted away from France as strikes disrupt the country’s petroleum industry.
For years, Amazon.com Inc.’s aggressive growth strategy has enabled the stock to command a hefty premium to big tech peers. But with its expansion slowing, many investors are now balking at paying up for the e-commerce giant.
One week after the European Central Bank shirked from offering any signal about its next interest-rate move, hawkish officials are getting bolder about the need for further tightening.
Mexico’s inflation eased more than economists expected in early March, likely boosting the odds that the central bank will slow a record monetary tightening cycle at next week’s meeting.
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