PayPal Holdings Inc
PayPal beats on earnings but misses on revenue
A PayPal sign is seen at its headquarters in San Jose, California, Jan. 30, 2024. Justin Sullivan | Getty Images News | Getty Images PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of expectations. Here’s how the company did compared to Wall Street estimates, based on a survey of […]
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Wall Street braces for a big week ahead of the election, with megacap tech earnings, key data on tap
Wall Street is about to get hit with the newsiest week yet ahead of the election — just as the stock market has started to falter. Investors will contend with earnings results from five of the Magnificent Seven companies next week. Alphabet’s results are set to be released Tuesday. Microsoft and Meta Platforms post their […]
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Peloton partners with Costco to sell Bike+ as it looks to reach young, wealthy customers
Peloton’s stationary bikes will soon sell at Costco’s stores and on its website as the beleaguered fitness company looks for new ways to reach younger and affluent customers, Peloton is set to announce Tuesday. Under the terms of the deal, Costco will offer Peloton’s Bike+ in 300 of its U.S. stores for $1,999, and on […]
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Stocks making the biggest moves midday: First Solar, Tesla, CVS, TD Bank and more
Check out the companies making headlines in midday trading: First Solar — The solar stock slipped 8%, on pace for its worst day since July 15, after Jefferies cut its price target on the stock and said it expects First Solar’s third-quarter report to disappoint. Jefferies maintained its buy rating on the stock but said […]
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Stocks making the biggest moves premarket: Delta Air Lines, CVS Health, Nike and more
Check out the companies making headlines before the bell. Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less than the 4.1% estimate, per LSEG. Third-quarter earnings per share and revenue also came in […]
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PayPal CEO’s first year was praised by Wall Street, but hard part starts now for struggling payments company
Alex Chriss, CEO of PayPal Inc. Courtesy: PayPal In January, about a hundred days into his job as PayPal CEO, Alex Chriss told CNBC’s David Faber that the payments company hadn’t had much to celebrate in recent years. But Chriss confidently said he was prepared to “shock the world.” “I love being an underdog,” Chriss […]
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Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023. Evelyn Hockstein | Reuters Buried in a roughly 200-page quarterly filing from JPMorgan Chase last month were eight […]
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Dutch neobank Bunq goes on hiring spree, targeting digital nomads, as other fintechs slash jobs
Key Points Bunq, the Dutch digital bank, told CNBC it plans to increase its global headcount by over 70% in 2024. It’s expected to help the fintech expand into new regions including the U.K. and the United States, where the company is applying for local licenses. It comes as other companies, including PayPal and Klarna, […]
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88 corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event at the Throwback Brewery, in North Hampton, New Hampshire, on September 4, 2024. Joseph Prezioso | AFP | Getty Images WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in […]
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Buy now, pay later firm Klarna swings to first-half profit ahead of IPO
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Klarna said it posted a profit in the first half of the year, swinging into the black from a loss last year as the buy now, pay later pioneer edges closer toward its hotly anticipated stock […]
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