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At least 11 people wounded, 6 critically, in a stabbing at a Michigan Walmart. Suspect in custody
At least 11 people wounded, 6 critically, in a stabbing at a Michigan Walmart. Suspect in custody

Time of India

timea day ago

  • Time of India

At least 11 people wounded, 6 critically, in a stabbing at a Michigan Walmart. Suspect in custody

At least 11 people were stabbed at a Walmart in Traverse City on Saturday - with six in critical condition - in what the sheriff said appeared to be a random act. A suspect was in custody, authorities said. "Eleven is 11 too many, but thank God it wasn't more," Grand Traverse County Sheriff Michael Shea told reporters. Emergency vehicles and uniformed first responders were seen outside the store following the incident. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Product Management Data Analytics MBA Degree Finance Data Science Public Policy others Healthcare Technology Design Thinking Others Data Science Digital Marketing Artificial Intelligence PGDM CXO healthcare Management Cybersecurity Operations Management Project Management MCA Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Tiffany DeFell, 36, who lives in Honor, about 25 miles from Traverse City, said she was in the parking lot when she saw chaos erupt around her. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Thanh Pho Ho Chi Minh (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo "It was really scary. Me and my sister were just freaking out," she said. "This is something you see out of the movies. It's not what you expect to see where you're living." Munson Healthcare said via social media that 11 people were being treated at the region's largest hospital in northern Michigan. Spokesperson Megan Brown said all were stabbing victims. Six were critical and five were in serious condition late Saturday, she said. Live Events Shea said the weapon involved appeared to be a folding-style knife. Earlier in the day, the Michigan State Police said the suspect had been taken into custody. Shea said the suspect is believed to be a Michigan resident but declined to share further details. Gov. Gretchen Whitmer said: "Our thoughts are with the victims and the community reeling from this brutal act of violence." Walmart said in a statement that it would continue to work closely with law enforcement in the investigation. "Violence like this is unacceptable. Our thoughts are with those who were injured and we're thankful for the swift action of first responders," the statement said. FBI Deputy Director Dan Bongino said in a social media post that bureau officials were responding to "provide any necessary support." Traverse City is a popular vacation spot on the coast of Lake Michigan. It is known for its cherry festival, wineries and lighthouses and is about 25 miles (40 kilometers) east of Sleeping Bear Dunes National Lakeshore.

Zoology enters DU's top 3 undergraduate courses for first time, overtakes English
Zoology enters DU's top 3 undergraduate courses for first time, overtakes English

Time of India

time4 days ago

  • Business
  • Time of India

Zoology enters DU's top 3 undergraduate courses for first time, overtakes English

BSc (Hons) Zoology has emerged as one of Delhi University's most sought-after programmes, breaking into the top three for the first time, as per TOI. DU's admission data for 2025 shows BCom (Hons) remains the clear favourite with 48,336 first-preference applications. But Zoology (Hons) surged past English to take the third spot with 12,722 top-choice applications, a sharp rise from last year, when it didn't even feature in the top five. Political Science (Hons) held on to second place with 15,295 first-choice applications. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Digital Marketing PGDM Operations Management Management Product Management Data Analytics Degree Project Management MBA Finance Artificial Intelligence MCA Healthcare healthcare Cybersecurity Others Public Policy Data Science Design Thinking Data Science Technology others CXO Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details At the same time, data from Ambedkar University Delhi (AUD) points to an evolving response to the new four-year undergraduate structure. Only about half the students in the first cohort have opted to continue into the seventh semester, highlighting growing selectivity and possibly fatigue with the extended format. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Struggling With Belly Fat? Try This at Home Home Fitness Hack Shop Now Undo Back at DU, the momentum behind Zoology reflects more than just changing academic trends. According to Professor Rita Singh, head of the department, this is a generational shift. 'There are compelling reasons why students are choosing zoology more now than before. Zoology offers a wholesome understanding of life, whether it is biodiversity, drug design or toxicology,' she said. 'Conceptual clarity is key, and zoology provides that foundation, right from how receptors work to understanding environmental toxins like endocrine disruptors. This core knowledge gives the subject a strong edge.' Live Events She pointed to the Covid pandemic as a pivotal moment. 'During the pandemic, students realised that the disciplines addressing immunity, vaccination, genetics and PCR were all rooted in zoology. Now, those interested in setting up diagnostics startups or small biotech ventures are turning to this subject. It offers interdisciplinary strength, hands-on experience and opens doors across research, healthcare and industry.' The integration of zoology with the National Education Policy's four-year framework is also helping, Singh added. With more scope for undergraduate research and interdisciplinary learning, students are now approaching the subject through the lenses of physiology, environmental science, biotechnology and medicine. 'It is not just about animal biodiversity anymore… it offers a truly multidisciplinary future.' For many, that future is personal. 'My interest in zoology and wildlife began with books and deepened through environment-related videos on YouTube. I have always admired those who speak up for the voiceless, people committed to protecting animals and nature,' said Shreya Singh, a final-year BSc (Hons) Zoology student. 'What draws me most is the hands-on fieldwork which resonates with my belief that work should be both meaningful and fulfilling. There are many ways to serve the environment, but the most powerful path is one that brings both purpose and joy.' The career appeal of the subject is also growing. Dr Sanjiv Mullick of Dyal Singh College points out that many of zoology's sub-fields are rich in entrepreneurial potential. 'Zoology has highly applied branches like economic zoology, fisheries, sericulture, apiculture. These are fertile grounds for entrepreneurship. Many students today want to launch their own ventures in fishery science or silk and honeybee production.' He added that environmental awareness and employability are pushing the trend forward. 'Students are much more conscious of issues like climate change and biodiversity loss. They are eager to contribute through wildlife management and conservation,' he said. The academic pipeline is strong too. After graduation, many zoology students move into MSc Biotechnology at top institutions like IITs, NITs, JNU and BHU, with several progressing into research and biotech industries. 'New fields such as computational biology, bioinformatics, genomics and AI in life sciences are especially attractive,' Mullick said. 'Students are joining R&D and becoming scientists with impressive salary packages.' With postgraduate intake in DU's zoology department expected to rise from the current 130 students, university officials believe the subject's trajectory is just beginning. The spike in demand reflects a deeper shift: students are gravitating toward disciplines that combine intellectual rigour, real-world relevance, and a sense of mission. Zoology, it seems, is hitting that sweet spot. With inputs from TOI

What is the USS Fitzgerald, which entered Iran's territorial waters? A look at the features of this warship
What is the USS Fitzgerald, which entered Iran's territorial waters? A look at the features of this warship

Time of India

time4 days ago

  • Business
  • Time of India

What is the USS Fitzgerald, which entered Iran's territorial waters? A look at the features of this warship

Iran on Wednesday said it warned the USS Fitzgerald , a US Navy guided-missile destroyer, to change course as it moved through waters close to Iranian territory. Iranian state TV released footage showing a helicopter in visual range of the vessel, with a voice issuing a radio warning to alter course. Iranian state TV described the destroyer's presence as a "provocative move" and said the ship left the area following repeated warnings. The warning referenced the vessel's advanced capabilities, highlighting its multi-mission roles including Anti-Air Warfare , Anti-Submarine Warfare, and Anti-Surface Warfare. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Data Science Project Management Management Design Thinking PGDM MBA Public Policy Digital Marketing Degree MCA Healthcare Artificial Intelligence Data Analytics CXO Cybersecurity Operations Management Data Science Finance Others others Product Management Technology Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details The USS Fitzgerald is equipped with the MK-41 Vertical Launching System (VLS), allowing it to deploy Standard Missiles for air defence, Tomahawk cruise missiles for strike missions, and ASROC anti-submarine rockets. The destroyer also carries two MH-60R helicopters, enhancing its anti-submarine and surface warfare reach. As part of the Arleigh Burke-class, it features the Aegis Combat System and Ballistic Missile Defence capabilities, making it a highly capable warship in multiple domains. In contrast, a US defence official, speaking anonymously to Reuters, said the interaction occurred entirely in international waters and had "no impact to USS Fitzgerald's mission," calling reports to the contrary misinformation from Iran's Revolutionary Guard Corps , IRGC. The official identified the aircraft involved as an Iranian SH-3 Sea King helicopter. The encounter follows recent US strikes on Iranian nuclear facilities, which Washington claims were part of a weapons programme—an assertion Iran denies, maintaining its nuclear efforts are civilian. Live Events USS Fitzgerald features Guided-missile destroyers like the USS Fitzgerald are multi-mission combatants capable of Anti-Air Warfare (AAW), Anti-Submarine Warfare (ASW), and Anti-Surface Warfare (ASuW). Their strike role is enhanced by the MK-41 Vertical Launching System (VLS). Ships equipped with Aegis Baseline 9 also offer Ballistic Missile Defence (BMD) capabilities. Builder: General Dynamics, Bath Iron Works, Huntington Ingalls Industries Combat system: Lockheed Martin Propulsion: Four GE LM2500-30 gas turbines, 100,000 shp Length: 505 to 509.5 ft Beam: 59 ft Displacement: 8,230 to 9,700 long tons Speed: 30 plus knots Armament: VLS for Standard Missiles, ASROC, Tomahawk, MK-46 torpedoes, MK 45 5-inch gun, ESSM, CIWS Aircraft (Flights IIA and III): Two LAMPS MK III MH-60R helicopters To date, 74 Arleigh Burke-class destroyers have been delivered to the US Navy, with 25 more under contract and 12 in construction.

Venus Williams announces engagement with Andrea Preti: Is she richer than her sister Serena? Check details
Venus Williams announces engagement with Andrea Preti: Is she richer than her sister Serena? Check details

Time of India

time5 days ago

  • Business
  • Time of India

Venus Williams announces engagement with Andrea Preti: Is she richer than her sister Serena? Check details

Venus Williams has confirmed that she is engaged to her actor boyfriend Andrea Preti . Williams, 45, made the revelation after turning back the clock to beat Peyton Stearns in straight sets at the Citi Open in Washington D.C. 'You are now an engaged woman,' interviewer Rennae Stubbs said. 'So, how has Andrea helped you in this comeback? You're happy, a smile on your face. I mean, how much has he made a difference in your life?' Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Degree Cybersecurity PGDM Product Management Data Science Artificial Intelligence Design Thinking CXO Public Policy MBA healthcare Operations Management Healthcare others Finance Project Management Data Science Management Others Data Analytics Digital Marketing MCA Technology Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details 'My fiancé is here and he really encouraged me to keep playing,' said Williams, a seven-time Grand Slam champion and the older sister of fellow tennis sensation Serena Williams. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo ALSO READ: $1,390 Stimulus check in 2025: Do Americans need to pay tax on the amount and who needs to apply? 'There were so many times where I just wanted to coast and kind of chill. Do you know how hard it is to play tennis? You guys don't know how much work goes into this, like it's 9 to 5 except you're running the whole time.' Live Events 'Lifting weights and just like dying and then you repeat it the next day. So he encouraged me to get through this and it's wonderful to be here. He's never seen me play,' she added. Who is Andrea Preti? Venus Williams and Andrea Preti consciously kept their romance under wraps for months. Williams and the 'One More Day' actor were first linked together in July 2024 during a romantic boating trip in Nerano, Italy. In February, the couple sparked engagement rumors for the first time after Williams was seen wearing a diamond sparkler on that finger. Andrea Preti was born in Denmark in 1988 but was raised in Italy, A man with many creative hats, he began his career as a fashion model before pivoting to acting and directing. ALSO READ: Ozzy Osbourne's massive wealth exposed: How did the legendary rockstar make $220 million? He trained at New York's Susan Batson Academy. In 2014, Preti's breakout came with the indie film One More Day, which he wrote, directed, and starred in. Preti also appeared in the popular TV drama A Professor and, more recently, in the 2023 drama Temptation. He's also dabbled in reality TV, including the Italian version of The Mole (La Talpa). Though his earnings don't come close to Venus's $95 million empire, Andrea's estimated net worth stands around $1 million, with work spanning modeling, acting, writing, and producing, according to HT. On the other hand, according to Celebrity Net Worth, Williams has a net worth of $95 million. Besides her career in sports, she also started her own fashion line, EleVen, in 2007. She released her first book, titled Come to Win on How Sports Can Help You Top Your Profession, in June 2010. She also appeared on various talk shows to promote her book, including The Early Show and Good Morning America. ALSO READ: Heat advisory in effect as heat dome expected to raise temps to triple digits in US, 90 million Americans at risk Williams earned $38 million on the court through 2017, making her the second highest-earning female tennis player of all time, topping Maria Sharapova ($36.5 million). She even put her sister, Serena Williams ($85 million), behind. Williams' career earnings stood at more than $42 million as of March 2022. Williams also made a whopping amount from endorsements – between $5 and $10 million per year – off the court. Who is richer? Serena or Venus Serena's net worth is estimated between $300 million to $350 million in 2025. Forbes lists her at $350 million, while Celebrity Net Worth reports $300 million. The Sun also notes her post‑retirement business empire is worth $340 million. Whereas, Venus's estimated net worth is around $95 million in 2025.

Block stock soars 8% after S&P 500 debut — analysts say the rally might be far from over
Block stock soars 8% after S&P 500 debut — analysts say the rally might be far from over

Time of India

time7 days ago

  • Business
  • Time of India

Block stock soars 8% after S&P 500 debut — analysts say the rally might be far from over

Block Inc. stock jumped 8% after it was added to the S&P 500 index. Shares also rose 9% in pre-market trading right after the news. Companies added to the S&P 500 usually go up because index funds are forced to buy their stock, creating extra demand, as per the reports. This index change will be official on July 23, before the market opens. Block is replacing Hess Corp., which is merging with Chevron in a $55B deal. After the news, Block's market value was around $44.8 billion, according to the report by Reuters. Explore courses from Top Institutes in Select a Course Category Leadership Technology Artificial Intelligence MBA Data Analytics PGDM Management Healthcare Others Data Science Degree Design Thinking Digital Marketing others Operations Management Public Policy CXO healthcare Project Management Product Management Cybersecurity Data Science MCA Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Analyst reaction: Bullish signs JP Morgan's Tien-tsin Huang raised Block's price target from $60 to $90, keeping an Overweight rating. He said over 54 million shares may be bought due to index demand — 7x Block's average daily volume, as per theTipRanks report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 90s Icon: A Look at Her Today I Am Famous Undo ALSO READ: Opendoor Stock Skyrockets 30% to 52-Week High on optimism around business model and growth outlook Huang also believes Block deserves a higher valuation multiple thanks to faster product rollouts and strong marketing. He used a 5x forward gross profit for the $90 target — still below the 7x–9x range of other fintech companies, as per the reports. Live Events What happens next? Block's Q2 earnings will be out on August 7. Wall Street expects earnings per share (EPS) of $0.67 — down 28% year-over-year. Revenue of $6.27 billion, a small rise of 1.8%. TipRanks shows Block has a Moderate Buy rating from analysts, 28 Buys, 6 Holds, 2 Sells in the last 3 months. Average stock price target: $71.29, which shows 2.1% downside risk from current levels, as per the Reuters report. Block's Background & Innovation Block was founded in 2009 by Jack Dorsey and was first known as Square. In 2021, it was renamed Block to reflect its wider work in blockchain and crypto, according to the reports. Block builds tools for: Point-of-sale (POS) payments Peer-to-peer money transfers Bitcoin services It operates in both traditional finance and digital assets space. Analyst Stephen Biggar from Argus Research said Block earned the S&P spot due to its innovation, profits, and improving margins, as per the report by Reuters. Crypto growth boosts outlook Crypto payments are rising in 2024 and could grow more after President Trump signed a stablecoin regulation bill. This law helps dollar-pegged stablecoins go mainstream, which supports companies like Block. Financial performance: Mixed picture Block's revenue growth has slowed a lot. Three-year average growth was 13.3%, better than the S&P 500's 5.5%, but now it's just 4.6% year-over-year. In the last quarter, revenue fell 3.1%, from $6B to $5.8B, as per the Forbes report. ALSO READ: No taxes on overtime or tips? What the new proposal could mean for your paycheck Profitability Concerns Operating income was $1.8B, with an operating margin of 7.4% — that's low compared to others. Operating cash flow was $1.4B, with a 5.6% margin, way below the S&P 500 average of 14.9%.Net income was $2.6B, with a net margin of 10.9%, just under the S&P average of 11.6%. This shows Block may have non-operating gains, not strong core performance. Debt-to-equity ratio is 13.4%, better than the S&P 500's 19.4% average. Block has $13B in cash, which is 35.1% of its assets, giving it room to invest, acquire, or survive downturns, as per the Forbes reports. FAQs Q1. Why did Block stock go up after joining the S&P 500? Block stock rose because index funds had to buy it after its S&P 500 inclusion, increasing demand and price. Q2. Is Block a good stock to buy after the S&P 500 news? Analysts see growth potential after the S&P 500 boost, but warn of slowing revenue and profit challenges.

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