finance

PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat

After seeing its shares lose nearly two-thirds of their value in the past year, PayPal Holdings Inc delivered a profit-heavy report on Tuesday, announcing a new CFO, buy-back authorization program and cost savings, while also confirming that activists at Elliott Management Inc. Corp. a stake in the company. Additionally, the company beat expectations with its …

PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat Read More »

PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat

After seeing its shares lose nearly two-thirds of their value in the past year, PayPal Holdings Inc delivered a profit-heavy report on Tuesday, announcing a new CFO, buy-back authorization program and cost savings, while also confirming that activists at Elliott Management Inc. Corp. a stake in the company. Additionally, the company beat expectations with its …

PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat Read More »

Robinhood Crypto Fined $30 Million by New York Regulator

picture: Oliver Dollery (Getty Images) Robinhood set themselves up The application of “financial democracy” Accused of misleading and taking over retail investors would have to pay another $30 million to appease regulators. This brings the company’s total regulatory penalty and settlement mark to well over $100 million. in deposit On Tuesday, the New York State …

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Rental prices have risen in these five central districts. What to know before moving

Los Angeles Ron Thomas | Getty Images As higher interest rates and rising property values ​​prevent more families from buying a home, the demand for rents has soared, with rental prices soaring in the sunniest states. Rents for single-family homes ballooned during the first half of 2022, reaching a national average of $2,495 a month …

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Nomad Bridge Hack allowed ‘Mob’ to drain millions in crypto

Draw: encryption (stock struggle) As evidenced by the name itself, there was apparently not much security preventing a hoard of roaming strangers from breaking into the Nomad DeFi token bridge, allowing hundreds of unknown hackers and some users to walk away with more than $190 million in cryptocurrency, leaving behind Shame. Low in the project …

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Stellantis sentenced for cheating on diesel emissions in jeeps and rams

picture: Stilants Toyota and Stellantis’ commercial truck business is under fire for cheating in emissions controls like 2015 again, Ferrari’s record-breaking order books, And Rino will follow her heart, with O Without the alleged “coalition” partners. All that and more in morning shift for Tuesday, August 2, 2022. First Gear: Official Conspiracy Okay, so the …

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The Urus Super SUV is now the majority of Lamborghini sales

The Lamborghini Urus now makes up 61 percent of the company’s sales. picture: Lamborghini There is no denying that, many The only people who have gotten better off in the past few years are the rich. for example: Lamborghini just scored the “best ever” for half a year Results though threatening Covid-19, recession, Climate change …

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Pinterest stock jumps more than 20% despite profit loss, as Elliott confirms stake and users remain

Pinterest Inc missed forecasts on earnings and directed lower revenue than analysts had expected in the current quarter, but shares continued to rally in after-hours trading as users paused in a quarter that prompted a sudden turnaround and attracted an active investor. pinterest pins, + 2.62% On Monday, it reported a second-quarter loss of $43.1 …

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Google CEO calls for ‘Simplicity Sprint’ workers to lay off workers

picture: staff (Getty Images) Google CEO Sundar Pichai reportedly called on his employees to implement a “Simplicity Sprint” initiative that aims to mobilize employees’ ideas around product development, increase efficiency, and “get better results faster.” The proposal comes on the heels of a hiring freeze and A series of disturbing emails containing some Google employees …

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