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Buy PayPal Stock. The Battered Payments Company Is Starting to Perk Up.

Anyone who bought PayPal Holdings stock last summer may be ruing the day. Despite popping a bit this past week, the shares, at $97, are still off 68% from their highs around $308. Memories of the stock’s skid in February, when it fell 35% over two days, may still be uncomfortably fresh in investors’ minds. …

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Block Stock Wobbles After Earnings. Why Analysts Are Upbeat.

Text size Former Twitter CEO Jack Dorsey leads Block. Marco Bello/AFP via Getty Images Block’s stock price has wobbled in the wake of the fintech company’s second-quarter earnings, but there remain multiple reasons to be upbeat, according to analysts. Founded and led by former Twitter (ticker: TWTR) CEO Jack Dorsey, shares in Block ( SQ …

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‘I hope I don’t crash and burn.’ I recently hired my first financial planner, but in just seven months, they’ve lost $70K. What’s my move?

Is a big loss a reason to ditch your financial planner? Getty Images/iStockphoto By ALISA WOLFSON Question: I recently rolled my retirement pension and 401(k) into one account, managed by a financial planner. But in seven months, they seem to have lost $70,000 of my money. How do I know if they’re making sound investments? …

‘I hope I don’t crash and burn.’ I recently hired my first financial planner, but in just seven months, they’ve lost $70K. What’s my move? Read More »

Meta’s first-ever corporate bond deal sees $30 billion in demand despite Zuckerberg’s gloomy warning

Corporate bond investors appeared pretty bullish on the metaverse Thursday, or at least about digital advertising. Meta Platforms Inc. META, -2.03%, the parent of Facebook, on Thursday saw roughly $30 billion in demand for its debut $10 billion, four-part U.S. corporate bond deal, according to a person with knowledge of the dealings and Informa Global …

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Mortgage rates drop below 5% for first time since April | CNN Business

Mortgage rates dropped for the second week in a row, falling below 5% for the first time since mid-April. The 30-year fixed-rate mortgage averaged 4.99% in the week ending August 4, down from 5.3% the week before, according to Freddie Mac. But that is still significantly higher than this time last year when it was …

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PayPal earnings packed in much more than just numbers

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 …

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Americans are piling up credit card debt as they struggle to keep up with the high cost of living | CNN Business

New York CNN  —  Americans are piling up credit card debt as they struggle to keep up with the high cost of living. US household debt surpassed $16 trillion for the first time ever during the second quarter, the New York Federal Reserve said Tuesday. Even as borrowing costs surge, the NY Fed said credit …

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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 …

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These 17 malicious Android apps sneak banking Trojans onto your phone

In July alone, we reported over 100 malicious apps being removed from the Google Play Store. Malware comes in many forms, and some allow hackers to take control of your phone, while others steal personal information or sign you up for subscription services that are difficult to get out of. Tap or click for 36 …

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AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks to Watch This Week

It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers’ index readings and jobs Friday. Wednesday’s earnings highlights will be Booking Holdings , CVS Health , eBay , and Moderna . Thursday will …

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