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U.S. PayPal users can now make purchases across ‌China using WeChat Pay's QR-code ‌merchant network, Tencent Financial Technology said on Wednesday, ​adding the service will be rolled out to PayPal users in other markets in phases. Tencent's cross-border payment platform ‌TenPay Global ⁠is now connected to PayPal World, Tencent Financial Technology vice ⁠president Daniel Hong said, according to a company social media post. The company ​is offering ​incentives to ​encourage the use ‌of foreign bank cards linked to WeChat Pay, including temporary fee waivers through 2026.

PayPal helped invent online checkout. The iconic online payments company is facing its biggest challenge in nearly three decades of existence. Its core business of customers using the app to check out when shopping online is barely growing and new management has bluntly warned investors that “significant changes” will be needed to fix the company’s problems.

By Jesús Aguado and Valentina Za MADRID/MILAN, May 22 (Reuters) - Europe's push to curb its dependence on U.S. payments giants Visa and Mastercard has driven a wedge between the European Central Bank

Ehrenp ent Tesla SpaceX reviewed his Tesla ties reis Director investor before ​determining he met Nasdaq since and independence standards. February director Expected to ‌chair SpaceX's 2026 Compensation and Nominating Committee post-IPO. Randy Independ Co-found Served as a SpaceX board observer Glein ent er of for more than 16 years before Director DFJ formally joining the board.

While the rest of the market has been chasing AI, Michael Burry spent his Monday evening on Substack explaining why he has been buying the stocks everyone else is ignoring. He has a name for what he is seeing. And it is not a phrase Wall Street has used before. Burry disclosed in a Substack post on ...

SpaceX’s initial public offering is poised to yield historic returns for its investors, marking one of the largest financial windfalls in technology history. The biggest winners, according to the company’s IPO filing, are SpaceX board members, Antonio Gracias, who founded Valor Equity Partners, and PayPal co-founder Luke Nosek.

May 20 (Reuters) - Elon Musk's SpaceX filed for its hotly anticipated U.S. initial public offering on Wednesday, taking space exploration from a speculative venture to a mainstream investment theme.

WASHINGTON, May 12 (Reuters) - PayPal agreed to pay $30 million to settle a U.S. probe over an investment program created for black and minority-owned businesses that was "unlawful" and "

The digital payments company agreed Tuesday to a settlement with the Department of Justice over a 2020 diversity investment fund.

PayPal agreed to forgo approximately $30 million in transaction fees to end a Justice Department probe into allegations that the financial services company had adopted unlawful preferences for minority-owned businesses. Justice Department officials had been investigating whether the company violated a federal civil rights law that prohibits creditors from discriminating against applicants based on race. The department’s probe targeted PayPal’s $530 million plan to support Black and minority-owned businesses, which the company created in 2020, shortly after the killing of George Floyd by a police officer prompted a nationwide conversation about racial inequality.

Commerce.com executives highlighted accelerating gross merchandise volume growth, expanding profitability, and new product launches focused on “agentic commerce” during the company’s first-quarter 2026 earnings call. Management also addressed a recent unsolicited proposal and outlined upcoming prici

While overall layoffs dropped in the first four months of 2026, AI helped drive more than 85,000 job cuts at technology companies.

The FCA’s move comes amid rising digital wallet usage in the UK.

PayPal gave investors a first-quarter report with plenty of growth on the surface, but the stock reaction showed that the market was looking deeper than revenue and payment volume. Shares of PayPal Holdings closed at $46.49 on May 5, down $3.90, or 7.74%, according to Yahoo Finance data. The stock ...

PayPal Holdings, Visa and Mastercard are under investigation by U.K. authorities for anticompetitive conduct related to PayPal's digital wallet. The Financial Conduct Authority, the finance regulator in the U.K., said Wednesday that it "has reached no conclusions nor made any findings" that competition law had been broken. Shares in Visa and Mastercard fell 1% and 1.4%, respectively, while PayPal shares were down about 0.33% as the broader market surged.

Block, Coinbase, PayPal, Crypto.com, and others are tying job cuts to AI as investors question real efficiency gains.

The cuts, totaling about 4,760 jobs, are part of a $1.5 billion savings program announced alongside a drop in first-quarter profit

PayPal Holdings (PYPL) just issued first quarter 2026 results that topped analyst expectations on revenue and adjusted earnings, yet the stock slid as fresh guidance pointed to weaker near term profitability. See our latest analysis for PayPal Holdings. The earnings reaction fits into a tougher year for holders, with the share price down 20.04% year to date and a 1 year total shareholder return decline of 31.96%. This comes despite a 16.52% 3 month share price return, which suggests that...

Company bosses are splitting into two camps over what the technology’s best, immediate benefits are. Neither calls for more hiring anytime soon.

Find insight on Shopify, PayPal, Coinbase and more in the latest Market Talks covering technology, media and telecom..

PayPal (NASDAQ:PYPL) executives used the company’s first-quarter 2026 earnings call to outline a broad transformation agenda that includes reorganizing around three core businesses, accelerating technology modernization, and launching a multi-year cost savings program, while reiterating full-year gu

First-quarter layoffs totaled 217,362, according to outplacement firm Challenger, Gray & Christmas, a level 56% lower than the January-to-March period last year. In the first quarter, private-sector layoffs were down 1%. Here’s how this year’s job cuts are stacking up.

The payments company said payment volume increased, but net income decreased compared to 2025.

Moby summary of PayPal Holdings, Inc.'s Q1 2026 earnings call

PayPal shares fell 8% Tuesday after the company's CEO said that he thinks PayPal is falling behind other financial services companies. Chief Executive Enrique Lores, who joined the company in March, said he wants to cut down on what he sees as unnecessary layers of the business to spend more on AI and becoming a technology leader.

Enrique Lores: Thank you, Steve, and thank you to everybody for joining us this morning. During my time on the Board, I developed a good understanding of PayPal's strengths, opportunities and areas for improvement.

All three major US stock indexes were up in late-morning trading Tuesday, as oil prices slid despite

PayPal (PYPL) said it was targeting at least $1.5 billion in cost cuts over the next few years, whil

PayPal Holdings, Inc. (NASDAQ:PYPL) saw its shares fall more than 10% at Tuesday’s open, even after delivering first-quarter results that topped Wall Street expectations on both revenue and earnings.

PayPal Holdings (NASDAQ:PYPL) shares are tumbling roughly 10% in early trading Tuesday morning to about $45.50, after the company reported a Q1 2026 earnings beat alongside a soft Q2 outlook. The stock closed Monday at $50.39 before the report. The slide extends an already painful run. PYPL stock entered the earnings report down 13% year ... PayPal Tumbles 10% Despite Q1 Earnings Beat: Is the Venmo Spin-off Enough to Save the Stock?