Why inflation readings no longer spook the market
A growing number of consumers and market participants — along with top economists — are a lot less worried about rebounding inflation.
Source: politico.com
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PayPal's Profit Falls in 2Q
Provided by Dow Jones By Allison Prang PayPal Holdings Inc.'s profit dropped in the second quarter as the company logged less in net other income. The payments company's earnings fell from a year ago to $1.18 billion, or $1 a share. A year ago, they were $1.53 billion, or $1.29 a share. Adjusted earnings were $1.15 a share. According to FactSet, analysts were expecting $1.12 a share of adjusted earnings. Net revenues were $6.24 billion and rose 17%. Analysts were expecting $6.27 billion. PayPal logged net other income of $229 million, down from $848 million...
Source: morningstar.com