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PayPal plummets as Wall Street likens CEO’s strategy to ‘turning around the titanic’

PayPal shares plunged by double digits Thursday after a disappointing forecast added to uncertainty around the payments giant.

Published 8 February 2024
Categorised as Finance News

Stocks making the biggest moves midday: Ralph Lauren, Walt Disney, Hershey and more

These are the stocks posting the largest moves in midday trading.

Published 8 February 2024
Categorised as Finance News

Stocks making the biggest moves premarket: Disney, PayPal, Arm and more

These are the stocks posting the largest moves in premarket trading.

Published 8 February 2024
Categorised as Finance News

Societe Generale posts sharp profit drop as net banking income slides

Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income.

Published 8 February 2024
Categorised as Finance News

We have plans to continue expanding in Southeast Asia, Boucheron CEO says

Helene Poulit-Duquesne, Boucheron CEO, discusses the company’s Asia strategy and expansion plans.

Published 8 February 2024
Categorised as Finance News

China’s VC playbook is undergoing a sea change as U.S. IPO exits get tougher

The Chinese venture capital world that once hoped for giant U.S. IPOs similar to Alibaba’s is changing drastically.

Published 8 February 2024
Categorised as Finance News

Hainan Airlines is handing out Rokid AR glasses for in-flight entertainment

Hainan Airlines this week started handing out Rokid’s augmented reality glasses on a few routes for in-flight entertainment, the tech startup said Thursday.

Published 8 February 2024
Categorised as Finance News

China’s central bank encourages local businesses to accept foreign payment cards

His written comments, exclusive to CNBC, come as Beijing has stepped up efforts to encourage visits from foreign tourists and business people.

Published 8 February 2024
Categorised as Finance News

This semi name just hit a fresh all-time high. Why its stock market dominance could last

Nvidia’s advantage in the artificial intelligence chip space may be in its early innings, according to VanEck CEO Jan van Eck.

Published 8 February 2024
Categorised as Finance News

Social media chatter helps draw 3 million tourists in 3 days to a frigid city in northern China

Following a flurry of social media chatter, Harbin attracts a record-breaking number of visitors during the three-day New Year holiday.

Published 7 February 2024
Categorised as Finance News

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