On Wednesday, the major averages closed on a mixed note, as traders were left unimpressed by the Fed's decision and Chair Powell’s comments at the press conference that followed the meeting.
PayPal (NASDAQ: PYPL) stands as a titan in the realm of digital payments, a company that has fundamentally reshaped how individuals and businesses transact online. Born from the ambitious vision of its founders to democratize financial services, PayPal has evolved from a simple peer-to-peer payment system into a sprawling global
Mastercard (MA) reported Q2 results, with net revenues of $8.13B (+17% Y/Y), beating analyst estimates. Adjusted EPS rose 16% to $4.15. Q3 and FY25 outlook strong.
Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER)
fell 4.3% in the morning session after the company lost a UK Supreme Court appeal regarding a value-added tax (VAT) on its rivals. The ruling confirmed that rival taxi operators in England and Wales will not face a 20% value-added tax (VAT) charge on their profit margins for operations outside of London. This decision represented a setback for Uber, as a different outcome could have imposed significant costs on its competitors, potentially leveling the playing field. The court's decision allows these rival firms to maintain their existing cost structures, which could make it more challenging for Uber to compete on price and expand its market presence in those regions.
President Trump just signed the GENIUS Act, giving stablecoins a 1:1-reserve federal rule-set and setting off a new era of U.S. dollar-backed crypto adoption.
These companies have enough profitability to keep delivering double-digit upside potential to investors in the coming years, especially at these prices.
According to Fiscal.ai data, Wall Street expects the payment processing firm to post earnings of $2.84 per share on revenue of $9.85 billion for the fiscal third quarter.
The bank charges an annual membership fee of $595 for the card, which is lower than its rivals, and offers to unlock $1,500 in value if customers take advantage of the available benefits.
