C-Suite Shakeup Could Hurt PayPal Stock
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18Sep
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18Sep
Clorox says last month’s cyberattack is still disrupting production
Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill.Daniel Acker | Bloomberg | Getty ImagesClorox on Monday warned of a material financial hit from ongoing production disruptions caused by a cyberattack last month.The company, which produces its namesake bleach products and Pine-Sol, among other...
18Sep
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18Sep
The wage gap costs women $1.6 trillion a year, report finds
Marco Vdm | E+ | Getty ImagesThe wage gap costs women in the U.S. about $1.6 trillion a year, a new report finds.Women earned 78 cents for every dollar that men made in 2022, according to National Partnership for Women and Families.Researchers calculated the total cost to women of...
18Sep
Stocks making the biggest moves premarket: DASH, ARM, PYPL
A DoorDash Inc. delivery bag sits on the floor at Chef Geoff's restaurant in Washington, D.C.Andrew Harrer | Bloomberg | Getty ImagesCheck out the companies making headlines in premarket trading.PayPal – Shares of the payments giant fell more than 1% premarket after MoffettNathanson downgraded the stock to market perform...
18Sep
What you need to know for the week ahead
TUESDAY – DISCOUNT IPO PRICE SET Instacart, the leading US online grocery delivery company, is gearing up for an initial public offering (IPO) that could value the business at up to $9.3 billion. Pricing (22 million shares at between $26 and $28 is expected be set tomorrow, Goldman Sachs...
18Sep
Three trends emerging in customization of $1.5T private credit funds market
The private credit market is seeing strong interest from both fund managers and investors and the once-niche market is now worth around $1.5 trillion. Private credit fund managers are increasingly providing investors with customized exposure to the market and some key trends are emerging, according to a new report from...
18Sep
Citi takes significant step in revolutionizing the global bonds market
The world’s first fractional bond exchange using the latest in distributed ledger technology now has Citi Securities Services as its first digital custodian participant. BondbloX Bond Exchange, or BBX, launched in 2020 and allows investors to track and trade bonds electronically. It has been hailed as a significant step in...
18Sep
Markets prep for big week of rates, data
Stocks fell as traders took risk off the table ahead of a raft of policy decisions this week from the US, the UK and Japan. Societe Generale SA slumped as much as 7.6% and was among the biggest drags on Europe’s Stoxx 600 Index after the Paris-based lender’s strategic plan included...
18Sep
Wealthy tax dodgers targeted by IRS new agent hires
The IRS plans to hire 3,700 employees to help fuel its efforts to target large corporations and complex partnerships. Democrats’ Inflation Reduction Act set aside tens of billions of dollars to allow the IRS to intensify its enforcement of tax cheats. The Friday announcement followed agency news last week that...