A DoorDash Inc. delivery bag sits on the floor at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Discover the buzzworthy companies in premarket trading. PayPal – The payment giant’s shares experienced a premarket decline of over 1% following a downgrade by MoffettNathanson from outperform to market perform. This downgrade …
As equities soared in 2020 and consumers flocked to trading apps like Robinhood, Apple and Goldman Sachs had been developing an investing feature to facilitate buying and selling stocks, according to three anonymous sources. The project was put on hold last year due to market downturns, the sources said. This previously unreported effort would have …
In an aerial view, the Valero Houston refinery is seen on August 28, 2023 in Houston, Texas. Check out the companies making headlines in midday trading. Oil stocks — Petroleum refiners Valero Energy and Marathon Petroleum gained 1.4% and 1.5%, respectively, as West Texas Intermediate and Brent crude prices reached their highest levels since November, …
Co-founders Eddie Kim, Josh Reeves, and Tomer London of fintech startup Gusto, which handles payroll services for small businesses. Courtesy: Kelly Boynton | Gusto JPMorgan Chase is stepping up its appeal to small business customers by planning to offer digital payroll processing, CNBC has learned. The bank has picked San Francisco-based fintech player Gusto to …
“Buy-now, pay-later” pioneer Klarna is set on achieving profitability by the summer of 2023. Klarna’s efforts to reduce costs have resulted in a 67% decrease in losses during the first half of 2023. The company’s net operating income for the period reached 9.2 billion Swedish krona ($843.5 million), a 21% YoY increase. However, Klarna still …
Maki_shmaki | Istock | Getty Images Consider this as a valuable information for all treasure hunters: The government expects a share of your discoveries. When someone comes across valuable items like gold coins, meteorites, or cash, they are generally obligated to pay taxes on their findings, which is referred to as “found” property. The tax …
Traders are actively engaged on the trading floor of the New York Stock Exchange, Aug. 22, 2022. Brendan McDermid | Reuters Discover the latest news about companies that are making waves in midday trading. AMC — The stock of the popular movie theater chain experienced a significant drop of nearly 35% following a judge’s late …
On Monday, PayPal became the first major U.S. fintech company to introduce its own crypto token, the PayPal USD. The token is a dollar-pegged stablecoin that aims to facilitate the movement of money between millions of crypto investors. The launch comes at a time when the cryptocurrency hype has died down, and prices have remained …
Model Y cars are showcased during the grand opening of Tesla’s new Gigafactory in Gruenheide, Germany, on March 22, 2022. Photo by Patrick Pleu | Pool | via Reuters Take a look at the latest news from these companies in midday trading. Tesla — The stock of the leading electric vehicle manufacturer declined by nearly …
A striking sign is prominently displayed in front of PayPal headquarters, located in San Jose, California (February 2, 2023). Justin Sullivan | Getty Images PayPalAdd to Watchlist has taken a significant step forward by introducing its own stablecoin backed by the U.S. dollar. This move marks a milestone in the crypto services sector as it …