Paypal articles
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PayPal lifts 2024 profit forecast as spending stays resilient, margins improve
PayPal raised its full-year adjusted profit forecast on Tuesday, while measures to cut costs improved operating margins in the first quarter.
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PayPal lifts 2024 profit forecast as spending stays resilient, margins improve
Consumer spending has shown remarkable resilience even as economic worries clouded the outlook for the payments sector for months. PayPal's newly appointed management is also aiming to reignite investor confidence through efforts to make the company leaner and lower costs to ease pressure on its stock, which was among the worst performers on the Nasdaq last year.
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PayPal CEO nods to ‘compelling’ stablecoin potential as total Q1 payments rise 14%
PayPal's quarterly earnings were up, but its CEO stayed relatively quiet on the company's new stablecoin.