After a rough start to the year, PayPal Holdings Inc. reportedly has caught the attention of activists in a development that’s offering some welcome relief for its beleaguered stock. The Read more
Tag: PYPL
Activist investor Elliott Management takes stake in PayPal
Activist investor Elliott Management Corp. has a stake in PayPal Holdings Inc., according to people familiar with the matter. The size of Elliott’s stake and its intentions couldn’t be learned. PayPal has Read more
PayPal is ‘one of the more recession-sensitive names’ in payments, analyst says in downgrade
PayPal Holdings Inc. may see some “short-term upside,” but its stock carries risk amid an uncertain economic backdrop, according to an analyst. Wolfe Research analyst Darrin Peller downgraded PayPal’s stock Read more
As crypto prices crash, some blockchain projects may be struggling to survive
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest Read more
These companies hopped on the crypto train when times were booming. Which are exposed in a downturn?
During recent cryptocurrency booms, companies have been quick to jump on the trend, whether by reorienting their entire businesses around the buzzy theme, building meaningful crypto features alongside more traditional Read more
PayPal stock slips after downgrade: ‘Hard to ignore e-commerce woes’
PayPal Holdings Inc. PYPL shares have a “supportive” valuation after a recent slide, but the company may still face challenges stemming from pressure on the e-commerce industry, according to an Read more
Dow, S&P 500 turn positive as stocks bounce off session lows
U.S. stocks turned positive on Friday, reversing an earlier dip inspired by stronger-than-expected June jobs data, and leaving the S&P 500 and Nasdaq on track to extend their longest winning Read more
Is your crypto with Celsius or Voyager? Factors that determine whether you may get your money back
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest Read more
Why Apple’s BNPL efforts could mark a ‘tipping point’ in lending
Apple Inc.’s expansion into buy-now pay-later financing could be just the beginning of an attempt to shake up the traditional payments system. The consumer-electronics giant has made other ventures into Read more
Klarna to raise new funds at slashed $6.5 billion valuation
Klarna Bank AB is nearing a deal to raise new money at a valuation of around $6.5 billion, according to people familiar with the matter, a humbling comedown and a testament Read more