PayPal Holdings Inc

Fintechs like Block and PayPal are battling like never before to be your all-in-one online bank
Technology

Fintechs like Block and PayPal are battling like never before to be your all-in-one online bank

Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Jack Dorsey’s Block got started as Square, offering small businesses a simple way to accept payments via smartphone. Affirm began as an online lender, giving consumers […]

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Zelle payments top  trillion in 2024 as network’s growth outpaces rivals including PayPal
Finance

Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal

Key Points Zelle crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform. The payments network said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier. Zelle was launched […]

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Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
World

Fintech unicorn Zepz to lay off 20% of its global workforce, sources say

Mark Lenhard, CEO of U.K.-based remittances platform Zepz. Lukas Schulze | Sportsfile for Web Summit via Getty Images LONDON — British digital remittances company Zepz is laying off dozens of IT workers and is in the process of closing down business units in Poland and Kenya. Roughly 200 staff members will be impacted by the […]

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Stocks making the biggest moves midday: Ferrari, Spotify, PayPal, Palantir and more
Finance

Stocks making the biggest moves midday: Ferrari, Spotify, PayPal, Palantir and more

Check out the companies making headlines in midday trading: Palantir Technologies — The software company surged 22% after reporting stronger-than-expected fourth-quarter results . Palantir attributed this earnings and revenue beat to its artificial intelligence platform gaining traction. The stock was on pace for its best day since Feb. 6, 2024, when it gained 30.8%. AMC […]

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Stocks making the biggest moves premarket: Pfizer, PepsiCo, Palantir, Merck & more
Finance

Stocks making the biggest moves premarket: Pfizer, PepsiCo, Palantir, Merck & more

Check out the companies making headlines before the bell. Pfizer — The pharmaceutical stock added 1.8% on better-than-expected fourth-quarter results . Pfizer reported adjusted earnings of 63 cents per share on $17.76 billion in revenue. Analysts polled by LSEG estimated earnings of 47 cents per share on revenue of $17.36 billion. PepsiCo — Shares of […]

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PayPal reports fourth-quarter earnings beat as growth picks up at Venmo
Technology

PayPal reports fourth-quarter earnings beat as growth picks up at Venmo

Alex Chriss, CEO of PayPal Inc. Courtesy: PayPal PayPal reported better-than-expected fourth-quarter results on Tuesday and issued guidance that also topped analysts’ expectations. The shares slid more than 6% in premarket trading. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.19, adjusted vs. […]

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dLocal, Latin America’s answer to Stripe, wins UK license in global expansion push
World

dLocal, Latin America’s answer to Stripe, wins UK license in global expansion push

DLocal is one of Latin America’s most prominent payment players. It specializes in cross-border payments for emerging markets such as Brazil, Mexico, Colombia and its home country, Uruguay. Sopa Images | Lightrocket | Getty Images LONDON — Uruguayan payments firm dLocal has secured a U.K. payment institution license, adding to the company’s growing portfolio of […]

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Silicon Valley’s White House influence grows as Trump taps tech execs for key roles
Technology

Silicon Valley’s White House influence grows as Trump taps tech execs for key roles

U.S. President-elect Donald Trump attends Turning Point USA’s AmericaFest in Phoenix, Arizona, U.S., December 22, 2024.  Cheney Orr | Reuters President-elect Donald Trump is tapping tech heavyweights to join his new administration, continuing a trend of Silicon Valley’s growing influence in a second Trump White House. Trump said Sunday he would nominate Scott Kupor, a […]

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Banking app Dave, back from the brink, is this year’s biggest gainer among financials with 934% surge
Business

Banking app Dave, back from the brink, is this year’s biggest gainer among financials with 934% surge

Jason Wilk Source: Jason Wilk Jason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm. It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep Dave afloat, Wilk found himself at a Los […]

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Trump’s pick to lead NASA made a big bet on crypto while going to space on the side
Technology

Trump’s pick to lead NASA made a big bet on crypto while going to space on the side

Jared Isaacman, Mission Commander, steps out of the manned Polaris Dawn mission’s “Dragon” capsule after it splashed down off the coast of Dry Tortugas, Florida, after completing the first human spaceflight mission by non-government astronauts of the Polaris Program. – | Afp | Getty Images President-elect Donald Trump’s pick to run NASA, Jared Isaacman, is […]

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