*By Bridgette Webb*
Square wants to revamp those drab credit card readers.
The San Francisco-based company on Thursday debuted the Square Terminal, a new all-in-one hardware device that enables businesses to accept all physical debit and credit cards and mobile payments through Apple ($AAPL) Pay, Google ($GOOGL) Pay, Samsung Pay, and NFC.
"It's a great combination of our amazing payment service and combines it with hardware that's integrated all in one ー beautiful and exactly the technology all kinds of business need," Jesse Dorogusker, Square's hardware lead said in an interview on Cheddar.
"It's all set up to replace all terminals and legacy terminals out there."
The Terminal costs $399 and carries a 2.6 percent and 10 cent transaction fee for every payment. Square ($SQ) is offering a $300 credit as an incentive for businesses to switch over.
The device broadens the scope of company's suite of products, which includes the counter-top Square Register ($999) aimed at larger retailers, the small Bluetooth card reader ($49) for mom-and-pop shops, and a free magnetic stripe reader.
The launch also comes about a week after the company said long-time CFO Sarah Friar would step down to become the CEO of social network Nextdoor. Her departure shook investors in the company ー shares fell 20 percent in the two days after the news.
But Dorogusker isn't worried.
"Sarah is a tremendous leader, we are really excited for her," he said.
"She's had a lifelong dream of being a CEO, and I know she will be a great executive at the helm. We have a lot of confidence in our ambitions, momentum, and the performance of this team."
For full interview [click here](https://cheddar.com/videos/square-launches-new-device-for-credit-cards-and-mobile-payments).
Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.
Elon Musk's company XaI has announced a new chatbot called Grok.
SAG-AFTRA said over the weekend that it received the studios' last best and final offer following a meeting on Saturday, with the union saying it's reviewing it and considering a response "within the context of the critical issues addressed in our proposals."
Stocks rose slightly as Wall Street looks to continue its momentum with earnings season winding down.
Tyson Foods is recalling about 30,000 of its dino-shaped chicken nuggets after some consumers reported finding small metal pieces in those nuggets.
Google on Monday will try to protect a lucrative piece of its internet empire at the same time it’s still entangled in the biggest U.S. antitrust trial in a quarter century.
Before the SAG-AFTRA strike, this was the weekend “Dune: Part Two” was supposed to open. When Warner Bros. and Legendary pushed that opening back to March 2024 and no other blockbuster stepped in to take its spot.
A growing number of Californians are planting agave to be harvested forz use in spirits. The trend is fueled by the need to find hardy crops that don’t need much water and a booming appetite for premium alcoholic beverages.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. This week we highlight Paramount, Maersk, Starbucks, Uber, Lyft and Beyond Meat.
With Donald Trump due on the witness stand next week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the accuracy of financial documents key to the case.
