Buy now, pay later student repayment worries overblown, claims Mizuho
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August 15, 2023 7:59 AM EDT
Mizuho analyst Dan Dolev said their survey shows that BNPL student loan repayment worries are overblow, which is positive for BNPL stocks Affirm Holdings (NASDAQ: AFRM), Block (NYSE: SQ), and PayPal (NASDAQ:... More
August 14, 2023 4:47 PM EDT
(Reuters) - Activist investor Elliott Investment Management has dissolved its stake in payments giant PayPal, according to a filing with the U.S. Securities and Exchange Commission.
(Reporting by Manya Saini in Bengaluru; Editing by Shilpi Majumdar)
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August 14, 2023 4:19 PM EDT
Investing.com -- The Dow closed higher Monday, as weakness in banks was offset by renewed demand for tech amid a surge in Nvidia (NASDAQ: NVDA) ahead of a slew of incoming economic data set to provide further insight on the consumer.
The Dow Jones Industrial Average rose 0.1%, or 26 points, Nasdaq rose 1%, and the S&P 500 was 0.6% higher.
Nvidia leads dip-buying rally in tech
The recent dip in tech attracted dip buyers, particularly in semiconductor stocks, with Nvidia soaring more than 7% after Morgan Stanley said the recent dip in the... More
August 14, 2023 2:47 PM EDT
Investing.com -- The S&P 500 rose Monday, as investors piled back into chip stocks including Nvidia (NASDAQ: NVDA) pushing tech higher following recent weakness ahead of a slew of incoming data set to provide further insight on the consumer.
The S&P 500 was 0.3% higher, the Dow Jones Industrial Average fell 0.1%, or 29 points, Nasdaq rose 0.7%.
Nvidia leads dip-buying rally in tech
The recent dip in tech attracted dip buyers, particularly in semiconductor stocks, with Nvidia soaring more than 6% after Morgan Stanley said the recent dip in the chipmaker was a... More
August 14, 2023 10:13 AM EDT
Investing.com -- PayPal (NASDAQ: PYPL) has announced that Alex Chriss has been appointed as President and Chief Executive Officer, according to a statement from the digital payments group Monday.
Chriss, currently a senior executive at software firm Intuit (NASDAQ: INTU), will take over... More
August 14, 2023 10:01 AM EDT
By Niket Nishant and Manya Saini
(Reuters) -Digital payments giant PayPal Holdings on Monday named Alex Chriss, a top executive at tax-preparation software firm Intuit, its next CEO as it looks to grab a bigger share of the payments market for small businesses.
Chriss, who has a strong track record in dealmaking, will replace Dan Schulman next month. Schulman will remain on PayPal's board until the next annual meeting of stockholders in May.
Shares of the company ended 2.8% higher at $63.27 on Monday. Meanwhile, in a late filing, activist investor Elliott disclosed it had dissolved its stake in... More
