Wall Street is on high alert as stocks react to a solid jobs report and possible softening trade tensions between the US and China. Block (XYZ) shares are plummeting after slashing its full-year gross profit outlook, falling below analyst estimates. Financial Services company is also hit with several downgrades from Wells Fargo.
On the other hand, Wolfspeed shares are surging as CEO Neill Reynolds prepares to leave his role at the end of May. However, he will remain in charge until then to ensure a smooth transition. Take-Two Interactive’s release date for its highly anticipated Grand Theft Auto VI has been pushed back from fall 2025 to May 2026.
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Source: https://finance.yahoo.com/video/block-plunges-wolfspeed-ceo-depart-171000615.html