PayPal stock falls after company blames inflation for weak guidance

Shares of PayPal closed down 24% on Wednesday, a day after the company provided weak guidance that it blamed in part on inflation. PayPal reported mixed results for the fourth quarter. Earnings per share of $1.11, ex-items, missed the $1.12 expected. It beat on revenue estimates, though, reporting $6.92 billion vs. $6.87 billion expected, according … Read more

Stock futures edge higher of final January session, S&P heads for worst month since March 2020

Traders work on the floor of the New York Stock Exchange at the opening bell on January 25, 2022. Timothy A. Clary | AFP | Getty Images Stock futures rose in overnight trading Sunday as investors braced for the last trading day in what could be the worst month for the S&P 500 since March … Read more

Cramer says investors should not rush to buy or sell outside of regular trading hours

CNBC’s Jim Cramer on Thursday warned investors against rushing to empty or adjust their portfolios based on movements outside normal US trading hours. “Don’t worry about what the future is [are] a job. Pay attention to what you want. ” [be] Because the machines erase it.” The “Mad Money” host previously mocked what he calls … Read more

Market research specialist ‘decrypt’ debuts in Sri Lanka

decrypt, a new market research company, recently launched its services in Sri Lanka to help multinational companies, local conglomerates, SMEs and entrepreneurs with consumer insights in order to build successful business strategies. The company, which already has an established base in South Asia, is backed by a team of experienced and dedicated researchers, each with … Read more

Earnings, Fed meeting, dollar moves

The logo of the Tokyo Stock Exchange (TSE), operated by the Japan Exchange Group Inc. is displayed. (JPX), at the stock exchange in Tokyo, Japan, on Friday, October 2, 2020. Akio-kun | Bloomberg via Getty Images SINGAPORE – Asia-Pacific markets fell on Monday as investors looked ahead to this week’s US Federal Reserve monetary policy … Read more

Charts suggest S&P 500 may struggle through early February

CNBC’s Jim Kramer said Friday that technical analysis of the so-called Wall Street fear gauge indicates that the S&P 500 is facing a tough near-term outlook. “The charts, as interpreted by Mark Sebastian, indicate that the S&P 500 could remain in the house of pain until early February,” said the Mad Money host. However, Kramer … Read more

Taxes on stock trades may surprise new investors

This year’s tax filing season begins on January 24. Some new, younger investors may be in for a surprise. Last year’s trading frenzy over “meme stocks,” such as AMC Entertainment and GameStop, could now have an unexpected impact on 2021 tax returns. “Last year was a really interesting year in terms of investors, especially younger … Read more

Nasdaq 100 futures fall after Netflix’s earnings disappoint

US stock index futures fell during overnight trading Thursday after a disappointing earnings report from Netflix, based on lower major averages during regular trading. Futures linked to the Dow Jones Industrial Average fell 14 points. S&P 500 futures are down 0.24%, while Nasdaq 100 futures are down 0.6%. Netflix shares fell 19% during extended trading … Read more

German 10-year bond yield trades in positive territory

Outgoing Finance Minister and new German Chancellor Olaf Schulz delivers a speech during the handover ceremony with his successor at the German Federal Ministry of Finance in Berlin, Germany, December 9, 2021. Tobias Schwartz Reuters The German government’s borrowing costs continued to rise on Wednesday, with the benchmark 10-year bond yield trading in positive territory … Read more

Biden avoids wading into the congressional stock trading debate

US President Joe Biden delivers remarks on the first anniversary of the January 6, 2021 attack on the Capitol Building in Washington, United States, January 6, 2022. Michael Reynolds | Reuters WASHINGTON — As several proposals in Congress to ban members from trading stocks gain steam this week on Capitol Hill, President Joe Biden has … Read more