finance

The Block Inc (ASX: SQ2) share price is down by 5.7% as investors sell BNPL stocks following the latest rate increase from the US Fed. Last year, Block acquired Afterpay, and the company is dual-listed in Australia and the United States. BNPL companies like Block are sensitive to the higher interest rate environment, which affects their growth potential, especially those priced with future earnings in mind. Higher rates increase the cost of money and servicing the company's debts. Additionally, they may lead to an increase in bad debts from stressed customers. Furthermore, regulators debate new regulations for the pay-by-installment sector that could subject BNPL companies to the same rules credit card companies adhere to. The technical summary data recommends buying Block shares slightly above 73.89, its support level. Buyers should consider setting a stop loss at 73.68 to protect against excessive losses. There are currently no resistance levels from the summary table, and therefore, short resistance plans are not advisable. Swing trading plans suggest buying or short-selling Block shares slightly over support or resistance levels, respectively, with stop-losses set at zero.

Legendary pro wrestler Bill Goldberg has reportedly become a free agent after his contract with WWE expired. While the 56-year-old has expressed interest in a retirement match, he hasn't confirmed any plans to return to the ring. However, rumors suggest that All Elite Wrestling (AEW) might be interested in signing Goldberg. AEW CEO Tony Khan has said that he has a lot of respect for the wrestler, lauding his career and positive impact on the Jacksonville community. Although Khan didn't confirm anything, he hinted that Goldberg's free agency was "interesting" and something to "keep an eye on." With many wrestlers already on its roster, AEW might be hesitant to bring in yet another big name. However, if Goldberg does sign with AEW, he would add significant star power to the promotion.

With only a dozen games left in the regular season, the Phoenix Suns have just suffered three consecutive losses, which has led to doubts about whether or not they can stay in the fourth seed in the Western Conference. The Suns have the toughest schedule remaining out of the four teams chasing the fourth seed, with home games against the 76ers and the Nuggets, and a road game against the Kings, all playoff contenders in their respective conferences. Despite the obstacles, the Suns own the tiebreaker over the Warriors, Clippers, and Mavericks, and they have a half game lead on the Clippers, a two-game lead on the Mavericks, and a 2.5-game lead on the Warriors.

The Suns will have to play without star player Kevin Durant for at least one more week due to a lingering ankle injury. Coach Monty Williams has called on the team to remain positive despite the loss of Durant. While the remaining games on the schedule will be tough, the Suns have shown themselves to be a playoff-caliber team, having won more games than any other Suns team in the last 10 years. The team has the talent and the determination to stay in the West's top four, but they'll have to bring their A-game every night from now until the end of the season.

The Dallas Mavericks are getting ready for their most important game of the regular season, but it remains uncertain whether their superstar duo will be able to play. On Tuesday's injury report, the Mavericks listed Luka Doncic, Kyrie Irving, and Markieff Morris as questionable to play Wednesday night against the Golden State Warriors. Irving's availability is especially in doubt after suffering a setback with his right big toe pain, which has persisted since March 8 and forced him to miss three games earlier this month. Doncic has missed the previous five games with a left thigh strain, leaving the Mavericks struggling to win matches.

The Warriors are fighting to defend their sixth place and win two straight road games for the first time this season. Meanwhile, the Mavericks aim to close the gap on their visitors and boost their home-court advantage in round one. Doncic is expected to return to the Mavericks' lineup since the team hopes the Slovenian All-Star could come back during the upcoming homestand. Though the Mavericks have been sliding in the past month and have an 8-29 on the road record, they have dominated the Warriors recently, winning ten of the past thirteen meetings, including four straight played in Dallas.

Golden State Warriors' Klay Thompson paid tribute to his late friend and former NFL player Gavin Escobar at the Warriors-Mavericks game on Wednesday night. Thompson arrived at the American Airlines Arena sporting Escobar's No. 89 Dallas Cowboys jersey. Thompson and Escobar were from Rancho Santa Margarita in California, where they attended Santa Margarita Catholic High School. Escobar, who played for the Cowboys for four seasons, died tragically in September 2022 at the age of 31 in a rock-climbing accident, leaving behind a wife and two children. Thompson's gesture to honor his friend went viral on social media, with fans commending the NBA star for the heartfelt tribute.

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