PayPal Announces Workforce Reduction
PayPal Holdings Inc. is set to implement a new round of layoffs as part of its ongoing cost-cutting measures. The company plans to reduce its workforce by 9% this year…
Stock Futures Fall as U.S. Government Debt Downgraded
Stock futures took a tumble on Thursday, indicating that the equities market would continue its downward trend. The drop in stock futures followed a downgrade in U.S. government debt. Amidst…
PayPal Starts Supporting Native Transfers of Crypto to Other Wallets and Exchanges
(PayPal) PayPal has announced a new crypto feature that will allow transfers of cryptocurrencies from the platform to other wallets and exchanges. The payment giant said that the implementation of…
PayPal CFO to Exit for Walmart, Analysts Fault Timing
(Bloomberg) PayPal Holdings Inc. Chief Financial Officer John Rainey will leave the payments giant for Walmart on June 6. Rainey will replace Brett Biggs as Walmart’s finance chief in a…
PayPal Plunges as Weak Guidance Clouds Outlook, Operating Margin in Q4 2021 Falls
(PayPal) Shares of PayPal Holdings Inc. fell more than 17% on Wednesday as the company said it expects non-GAAP earnings per share of $0.87 in Q1 2022, below the expected…
PayPal Stock Price Forecast Ahead of Earnings
The PayPal (NASDAQ: PYPL) stock price jumped sharply on Monday as investors positioned themselves for the company’s upcoming quarterly results. The stock jumped by 5% and is trading at $171,…
Best Stocks for Santa Claus Rally
A Santa Claus rally is a period where stocks and other assets bounce back in weeks before Christmas. It is often seen as a good time to invest in assets…
PayPal Soars After Dropping a $45B Potential Acquisition of Pinterest
(Bloomberg) PayPal stock rose as much as 6% in premarket trading on Monday after it said it is no longer pursuing a deal to acquire Pinterest for $45 billion. PayPal…
PayPal Offers $45B to Buy Pinterest in the Biggest Acquisition of a Social Media Firm
(Reuters) PayPal Holding Inc. has reportedly offered $45 billion to acquire Pinterest Inc. in a deal set to be the largest acquisition of a social media company. The payment giant…
PayPal Rolls Out New All-in-One App With Crypto Services
(PayPal) American financial giant PayPal Holdings Inc. has rolled out a new mobile application that integrates crypto, savings, and deposits under one platform. The new PayPal application is touted as…
PayPal Seeks to Expand Booming BNPL Sector With $2.7B Target of Japan’s Paidy
(Reuters) Payments giant PayPal Holdings Inc. is seeking to acquire Paidy, a Japanese buy now, pay later firm for $2.7 billion. The deal is expected to close in the fourth…
PayPal Surges on Reports it will Offer Stock Trading Service to US Customers
(CNBC) Shares of payment giant PayPal Holdings rose more than 3% after reports it plans to introduce a stock-trading platform for its US customers. PayPal is expected to partner or…