Shares of PayPal Holdings Inc rose 1.5% in out-of-hours trading on Wednesday after the digital payments company showed strong growth in its business stemming from increased use of digital payments during the COVID-19 crisis. Read: PayPal Exceeds Earnings Expectations as COVID-19 Drives Ecommerce Growth Strong “The world has moved into …
Read More »Stock futures rise slightly after Fed interest rate decision, Big Tech earnings loom
A cyclist passes the New York Stock Exchange in New York on May 26, 2020. Wang Ying | Xinhua News Agency | fake pictures US stock futures rose Wednesday night after a session in which the main averages posted solid gains as the Federal Reserve pledged to maintain current stimulus …
Read More »Robinhood’s daily trade crowd finds a new speculative favorite on Kodak
The Robinhood crowd has a new favorite speculative stock: Eastman Kodak. In the last 24 hours, more than 20,000 users have added the shares to their portfolio, making them the most popular action in the commercial application favored by the millennium according to Robintrack data, which tracks user activity but …
Read More »VC Alan Patricof targets senior Americans with Primetime Partners
Alan Patricof, co-founder and managing director of Greycroft Partners LLC. Chris Goodney | Bloomberg | fake pictures Venture capitalist Alan Patricof is still investing in startups. At 85, he now supports technology designed for people in their later stages of life. The founder of Greycroft and Apax Partners announced Wednesday …
Read More »US stocks rise as investors analyze earnings, await Fed decision
Shares were moderately higher on Wednesday as investors awaited the conclusion of a Federal Reserve policy meeting, watched conversations about a coronavirus aid package in Congress, and continued to advance through an avalanche of corporate earnings reports first order. Market participants also braced themselves for possible fireworks on Capitol Hill, …
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