Payments services provider Square (NYSE: SQ) announced on Sunday night that it was acquiring Afterpay for approximately $29 billion in stock. The deal is an all-stock transaction, with Square acquiring all the issued shares of Afterpay, pending a court-approved "Scheme of Arrangement."
A global payment leader is partnering with a digital payments network to facilitate transactions made at retailers with cryptocurrencies that include the popular meme coin Dogecoin.
Nordstrom (NYSE:JWN) reported Q1 sales of $2.92 billion. Earnings fell to a loss of $85.00 million, resulting in a 383.33% decrease from last quarter. In Q4, Nordstrom earned $30.00 million, and total sales reached $3.65 billion.