Block stock falls 14% amid short seller accusations of 'inflated metrics' and 'avoiding regulation'

Block shares sank 20% after short seller Hindenburg Research said the digital payment company formally known as Square has "systematically taken advantage of the demographics it claims to be helping."

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  Jack Dorsey's Block Tumbles 17% After Short-Seller Hindenburg's Report

  CoinDesk
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  The short-seller that brought down India’s biggest company is now accusing Jack Dorsey’s Block of inflating metrics and servicing criminals

  Fortune

Trending tickers: Melrose | Schroders | BAT

The latest investor updates on stocks that are trending on Thursday.

Coinbase stock plunges on possible SEC legal action over securities laws

The SEC warned the largest US crypto exchange about a possible enforcement action. Coinbase said SEC "has not been fair or reasonable."

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  Coinbase falls after US SEC threatens to sue over some crypto products

  Reuters
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  Crypto Exchange Coinbase Shares Tumble 16% After SEC Enforcement Notice

  CoinDesk

Stocks rally after Fed signals rate hikes near end: Stock market news today

Stocks were higher Thursday afternoon as a post-Fed rally was bolstered by hopes from investors interest rate hikes will end sooner than expected as banking pressures end the central bank's aggressive fight against inflation.