Why Square Stock Jumped 11% This Week

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Why Square Stock Jumped 11% This Week
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Shares of Square (NYSE: SQ) climbed 11% after the fintech company launched a slate of new banking services, and its CEO shared his crypto-related aspirations. On Tuesday, Square unveiled three new products: Square Checking, Square Savings, and a rebranding of its business financing division, which will now be called Square Loans. "My hope is that it creates world peace or helps create world peace," Dorsey said during an online event called "The B Word."

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