Crypto firm Ripple to launch U.S. dollar stablecoin
In 2020, the U.S. SEC accused Ripple and its co-founders of breaching securities laws by selling its native cryptocurrency XRP without first registering it with the SEC. Jakub Porzycki |…
Laid-off techies struggle to find jobs with cuts at highest since 2001
The Google office in New York on February 2, 2023. Ed Jones | Afp | Getty Images Allison Croisant, a data scientist with about a decade of experience in technology,…
Amazon and other retailers hit by refund fraud costing them billions
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Just before midnight on May 4, 2023,…
Stripe reveals it passed $1 trillion in total payment volume in 2023
Fintech giant Stripe revealed in its annual letter published Wednesday that it surpassed $1 trillion in total payment volume in 2023, up 25% from 2022. The milestone, which comes 15…
Meta says Broadcom CEO Hock Tan is joining board of directors
Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Meta said Wednesday that Broadcom CEO president Hock Tan and philanthropist and former Enron executive John Arnold are joining the company’s…
RL, DIS, HSY and more
Check out the companies making headlines in midday trading. Walt Disney — The stock popped 12% after the entertainment giant posted higher-than-expected fiscal first-quarter earnings . The company also posted…
Stripe rival soars 21% on profit beat, hiring slowdown
Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company’s market capitalization . Pavlo Gonchar | Sopa Images | Lightrocket |…
PayPal plummets; analyst likens CEO’s strategy to ‘turning around the titanic’
PayPal shares tumbled more than 10% on Thursday after a disappointing forecast added to uncertainty around the payments giant. While the company posted beats on most metrics for its fourth…
PayPal (PYPL) Q4 earnings
A PayPal sign is seen at its headquarters in San Jose, California, on Jan. 30, 2024. Justin Sullivan | Getty Images News | Getty Images PayPal reported better-than-expected fourth-quarter results…
Mastercard launches GPT-like AI model to help banks detect fraud
BARCELONA, SPAIN – MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan…