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Why Block’s Apple News Juiced Its Stock Price Today

In a meeting of two giant minds in the fintech and big tech industries, Block (NYSE: SQ) and Apple (NASDAQ: AAPL) are collaborating on a new offering. Thursday morning, Block announced the initiative, and bullish investors bid the stock up by almost 7% in reaction. Block and Apple are working together to bring the latter's Tap to Pay functionality, currently an option on its popular iDevices, to Block's Point of Sale app. Read More...

In a meeting of two giant minds in the fintech and big tech industries, Block (NYSE: SQ) and Apple (NASDAQ: AAPL) are collaborating on a new offering. Thursday morning, Block announced the initiative, and bullish investors bid the stock up by almost 7% in reaction. Block and Apple are working together to bring the latter’s Tap to Pay functionality, currently an option on its popular iDevices, to Block’s Point of Sale app.

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