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The Latest Breaking News from PayPal

Cartoon racoon entrepreneur already 'world's first trillionaire' - beating Elon Musk

Tesla CEO Elon Musk is reportedly set to become the world's first trillionaire by 2024 - but according to estimates, one Animal Crossing entrepreneur is already 1,276 times richer than him

Daily Mirror

Buy now, pay later: your rights over refunds as Missguided collapses

The fashion brand is not paying buyers back – but big finance firms say they will return cash

The Guardian - UK

Apple Enters BNPL Sector, Unveils Apple Pay Later

Apple Inc. (NASDAQ: AAPL) is planning to offer buy now, pay later (BNPL) services in the US despite concerns of a potential market squeeze as more providers have a crack at the sector amid growing consumer borrowing and spending.

Benzinga

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Why PayPal Shares Are Getting Hammered Today

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading lower by 5.87% to $71.38 amid overall market weakness after the Federal Reserve on Wednesday raised its target fed funds rate by 75 basis points to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years.

Benzinga

Why PayPal Shares Are Getting Hammered Today

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading lower by 6.41% to $78.72. Shares of technology and software companies are trading lower amid an overall market selloff following worse-than-expected US May inflation data.

Benzinga

Why This Wedbush Analyst Says PayPal Is A Better Payments Play Than Block

The high-growth technology sector, which is attempting to make a comeback, includes several companies in the IT/services payment industry.

Benzinga

Is PayPal a Buy Under $90?

PayPal Holdings’ (PYPL) shares are currently trading at a higher valuation than its peers’ despite declining more than 66% in price over the past year. So, given macroeconomic headwinds and mixed analyst estimates, is it worth betting on the stock at its current price level? Read on to learn our…

StockNews.com

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Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

CNBC

Benzinga

'Cryptocurrency A Threat To The Safety Of Global Payment Systems,' Starling CEO Says

The CEO of Goldman Sachs (NYSE: GS) backed digital bank Starling has stepped up her criticism of cryptocurrency, calling it a threat to the security of payment infrastructure,

Benzinga

PayPal Gets A Full Virtual Currency License In Crypto Push

Payments company PayPal Holdings Inc (NASDAQ: PYPL) has converted its conditional virtual currency license into a full-fledged “BitLicense.”

Benzinga

PayPal Allows Transfers Of Cryptos Like Ethereum, Bitcoin: What You Need To Know

PayPal Holdings Inc (NASDAQ: PYPL) said Tuesday will offer cryptocurrency withdrawal services, allowing funds to be withdrawn to external wallets and exchanges.

Benzinga

Mizuho's Bullish Re-Rating On PayPal Had An Apple Connection - Read To Know

Mizuho analyst Dan Dolev's proprietary survey of PayPal Holdings, Inc's (NASDAQ:PYPL) Venmo and Apple Inc (NASDAQ:AAPL) Apple Pay exhibited a "strong appetite" to tap to pay with Venmo if Apple opened up its near field communication to Venmo. Dolev estimates that tap-to-pay with Venmo could present a 10% total payment volume and 15%-20% sales upside given Venmo's…

Benzinga

Irishwoman's warning after Facebook account hacked through app

The woman, who lives in Banbridge, Co Down, said she was tricked into re-entering her login details which allowed hackers to take over her account

Irish Mirror

Co Down woman's warning after Facebook account hacked via app

She said she was tricked into re-entering her login details and hackers were then able to take over her account

Belfast Live

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Investors Business Daily

Is Elon Musk Headed For Burnout With Tesla CEO's Risky Plan To Buy Twitter?

Elon Musk's play to buy Twitter could leave him running five multibillion-dollar companies at once. Will he lose focus?

Wales Online

Biggest threats facing small business owners - including Covid loans and fuel prices

A poll of 1,000 SME bosses found two thirds of those who have been running their business since before the pandemic admit the last two years have been the most challenging since they started their venture

The Street

Qorvo, Micron Among B of A's Cash-Flow-Strong, Hurt Tech Stocks

Technology stocks have suffered recently, with the S&P 500 Information Technology index dropping 19% year to date.

The Guardian - US

‘Don’ of a new era: the rise of Peter Thiel as a US rightwing power player

The Paypal Mafia’s lynchpin is putting his vast tech fortune to work for candidates aligned to Trump’s agenda in the midterms

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news in one place.

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The Street

Will Buy Now, Pay Later Dominate Future Retail Sales?

Consumers looking for an easier way to pay for big ticket items may turn to buy now, pay later payment plans.

The Street

PayPal Doesn't Make Wells Fargo Top Near-Term Fintech Picks

Some fintech companies can continue to thrive near-term, even as economic growth slows, Wells Fargo analysts say.

Benzinga

PayPal Lays Off Employees As Growth Stagnates After Pandemic Recovery, Supply Chain Disruptions

PayPal Holdings, Inc (NASDAQ:PYPL) began laying off risk management and operations employees working in Chicago, Omaha, Nebraska, and Chandler, Arizona, this week, Bloomberg reports. PayPal ended 2021 with 30,900 employees, a 33% increase from pre-pandemic levels. PayPal incurred $20 million in costs tied to its restructuring in the first three months of…

Wales Online

Sex doll company reveals most bizarre complaints - including discovery by wife

Firm says they are losing a fortune by people complaining and getting their money back but keeping the goods

Evening Standard

How to buy Apecoin

Born from the Bored Ape Yacht Club NFT phenomenon of digital art collectibles that are procedurally generated and traded for thousands of dollars, Apecoin is a cryptocurrency on the Ethereum blockchain.

Evening Standard

How to buy Solana

Like Ripple and the XRP cryptocurrency, Solana is a blockchain platform with a native currency called SOL. The project was launched in March 2020 in Geneva, Switzerland by the Solana Foundation.

Irish Mirror

Job losses at PayPal in Ireland as 307 workers to be let go in Dublin and Dundalk

The global company did not comment on workers’ claims that the jobs are being relocated to Bangalore in India

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Dipanjan BanchurSince

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