In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jones Industrial Average DJIA, +1.05% are both headed for their worst year since 2008, with declines of 20.6% … Read more
PayPal Holdings Inc.’s cost-savings story began to play out in the latest quarter, but that wasn’t enough to satisfy investors as the digital payments giant also cut its revenue forecast for the full year in light of the “rough macro environment.” Shares fell 10% in after-hours trading after PayPal PYPL, -3.65% executives trimmed their revenue … Read more
Activist investor Elliott Management Corp. has taken a big stake in Pinterest according to people familiar with the matter, as the once-hot social-media company grapples with a decline in users and other challenges. Elliott has told the company that it is the biggest investor in Pinterest, having built a stake of more than 9% in … Read more
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we … Read more
Text size PayPal’s has a new interim CFO. Justin Sullivan / Getty Images Walmart said late Tuesday that it had appointed John Rainey as its CFO. Rainey currently holds the same position at PayPal Holdings, but his move is not the red flag analysts keep an eye on ahead of the payment processing company’s earnings. … Read more