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

After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company. Additionally, the company topped expectations … Read more

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

Investors worried about the next pullback for stocks might want to pause and consider this: the decline in equity valuations since the start of the year already has exceeded the average pullback of other recessionary periods since the early 1990s, according to JPMorgan Chase & Co.’s equity quant Marko Kolanovic. While more Wall Street analysts … Read more

‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard

The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services.  While economists say raising the interest rate will help cool consumer demand and hopefully ease record-high inflation, it will also raise the cost of borrowing for everything from houses … Read more

15 quality dividend stocks that you can buy on sale right now

John Buckingham, editor of the Prudent Speculator newsletter, paraphrases Warren Buffett when he says “whether it is socks or stocks, we like to buy quality merchandise that is marked down.” And 2022 is a year that has set up attractive buying opportunities. Pouring money into stocks during a bull market means you’re buying high. But … Read more

Bitcoin Prices Soar, but Don’t Get Excited. The Crypto Rally Is Unlikely to Hold.

Text size Crypto prices jumped alongside etch stocks after the Federal Reserve announced it would raise interest rates by 75 basis points. Dreamstime Bitcoin and other cryptocurrencies were rallying on Thursday as investors piled back into risk-sensitive assets following the Federal Reserve’s latest decision on monetary policy. But analysts don’t see this crypto rally as … Read more

As Twitter rethinks its San Francisco footprint, a bigger $9 billion question hangs over the city’s office market

Twitter Inc. put its large San Francisco office footprint on review for downsizing on Wednesday, and has nixed the opening of an office in Oakland, Calif., a person with direct knowledge of the matter said. The move clouds the future of the social-media site’s stylish San Francisco headquarters, a 1.1 million-square-foot trophy office complex at … Read more

The Fed will cut rates next year, says BofA. Here’s what will happen to Treasurys.

All eyes will be on the Federal Reserve on Wednesday. The central bank is widely expected to continue the fast pace of monetary tightening with another 75 basis-point hike in borrowing costs. But even before confirmation that inflation has peaked, the market is starting to price in the chances of interest cuts next year as … Read more

Visa tops earnings expectations as CFO sees ‘no evidence of a pullback’ in spending

Visa Inc. topped expectations with its latest results Tuesday and gave an upbeat signal to investors about the resilience of spending volumes in the current macroeconomic climate. Amid increasing unease about the state of the consumer given factors like rising inflation and higher interest rates, Visa V, -0.83% joined fellow card company American Express Co. … Read more

Coinbase Needs Congress to Save It From a Crackdown. Don’t Count on It.

Text size Coinbase CEO Brian Armstrong is in Washington early this week meeting with lawmakers, according to people familiar with the matter. Samyukta Lakshmi/Bloomberg Congress is the only entity that can save Coinbase Global Inc. (ticker: COIN) and other crypto companies from a crackdown by U.S. enforcement agencies, and it’s looking increasingly unlikely that such … Read more

Bitcoin Prices Could Keep Falling. Here’s a Reason to Be Optimistic.

Text size Crypto prices have rallied off the bottom hit in a dramatic selloff in mid-June. Dusan Zidar/Dreamstime Bitcoin and other cryptocurrencies were tumbling Tuesday amid a wider selloff in risk-sensitive assets, with the picture for cryptos indicating further declines could be on the way. But investor inflows into digital-asset funds have recently jumped, signaling … Read more