PayPal rises as e-commerce persists in virus vaccine era
Bloomberg
The proliferation of COVID-19 vaccines around the world has not stopped people from shopping online with PayPal Holdings Inc, which on Wednesday boosted its forecasts for growth in new users and revenue for the year.
Total payments volume in the first three months of the year surged a record 50 percent to US$285 billion, topping the US$265 billion average of analyst estimates, even as local governments continued to loosen restrictions throughout the quarter.
The firm expects to add as many as 55 million new users to its platform this year, an increase from earlier guidance.
Thanks to inflation fears, rising bond yields, and potential tax hikes, the outlook for tech has been cloudy. But Q.ai s deep learning algorithms have crunched the numbers to bring you this month s top US Tech Smart Beta ETFs the best, good, caution, and poor.
Stocks dropped from a record as traders assessed corporate earnings, economic data showing potential inflation pressures and hawkish remarks from a Federal Reserve official. The dollar climbed.
The S&P 500 trimmed its biggest monthly advance since November, with energy and technology shares leading losses on Friday. Twitter Inc. sank as the social media company posted a sluggish start to the year in its advertising business. Despite living up to Wall Streetâs profit expectations, Chevron Corp. slid after disappointing investors who were anticipating a revival of buybacks.
Signs of excess risk taking in markets show itâs time to start debating a reduction in bond purchases, said Robert Kaplan, president of the Dallas Fed, breaking ranks with Chairman Jerome Powell. Data showed personal incomes soared in March by the most in monthly records back to 1946, powered by fiscal stimulus. A key measure of consumer prices that the Fed officially uses for its target had the biggest
Stocks dropped from a record as traders assessed corporate earnings, economic data showing potential inflation pressures and hawkish remarks from a Federal Reserve official. The dollar climbed.
The S&P 500 trimmed its biggest monthly advance since November, with energy and technology shares leading losses on Friday. Twitter Inc. sank as the social media company posted a sluggish start to the year in its advertising business. Despite living up to Wall Streetâs profit expectations, Chevron Corp. slid after disappointing investors who were anticipating a revival of buybacks.
Signs of excess risk taking in markets show itâs time to start debating a reduction in bond purchases, said Robert Kaplan, president of the Dallas Fed, breaking ranks with Chairman Jerome Powell. Data showed personal incomes soared in March by the most in monthly records back to 1946, powered by fiscal stimulus. A key measure of consumer prices that the Fed officially uses for its target had the biggest
U.S. Technology Stocks Stand to Benefit From Ties to TIPS
Technology stocks are poised to gain support from relatively stable yields for U.S. inflation-indexed debt, according to Andrew Garthwaite, a global strategist at Credit Auisse Group AG. He compared a relative-strength gauge for the group with the tied on10-year Treasury Inflation Protected Securities, or TIPS, in a report Thursday. The S&P 500 Information Technology Index’s ratio to the benchmark gauge of U.S. equities set this year’s low in March, and then climbed as demand for the debt caused yields to fall. “We do not expect a meaningful rise in the TIPS yield,” Garthwaite wrote, citing U.S. monetary policy and other influences.