News & Events:PYPL

PayPal Holdings Inc (PYPL): * PAYPAL HOLDINGS (PYPL) - ON MARCH 25, WENCES CASARES INFORMED CO THAT HE WILL NOT STAND FOR RE-ELECTION TO PAYPAL’S BOARD. * PAYPAL HOLDINGS (PYPL) - CASARES' DECISION WAS NOT A RESULT OF ANY DISAGREEMENT WITH THE CO Source text: https://bit.ly/2JrgaPZ Further company coverage:

PayPal Holdings Inc (PYPL): * PAYPAL TAKES ACTION TO ASSIST SMALL BUSINESSES AFFECTED BY CORONAVIRUS. * PayPal Holdings Inc (PYPL) - CUSTOMERS CAN REQUEST TO DEFER REPAYMENT, WITH NO ADDITIONAL COST. * PAYPAL HOLDINGS (PYPL) - WAIVING CHARGEBACK FEES FOR MERCHANTS IF THEIR CUSTOMER FILES A DISPUTE WITH A CREDIT CARD ISSUER THROUGH AT LEAST APRIL 30, 2020.

SAN JOSE, Calif. "Small businesses are the lifeblood of our national and global economies, creating jobs and helping local communities and families thrive. PayPal's (PYPL) efforts to assist its business customers impacted by the coronavirus include: PayPal (PYPL) continues to focus on providing access to the tools, products and financing on which its small business customers rely.

- Visa Inc (V) said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter.

American Express Co (AXP) will avoid job cuts in 2020 as the credit card issuer "rides out the storm" brought on by the coronavirus pandemic, Chief Executive Officer Steve Squeri said in a video https://www.linkedin.com/posts/american-express_our-most-important-asset-is-our-colleague-activity-6650421532881403904-jgJs message to employees on LinkedIn.

By Ciara Linnane, MarketWatch, Jaimy Lee. Coronavirus is the dominant theme in earnings releases and on companies' conference calls as investors seek to gauge its impact on corporate results. COVID-19, the disease caused by the new coronavirus that was first identified late last year in Wuhan, China, was a dominant theme in the earnings releases and conference calls of S&P 500 companies in the recent earnings season as investors press for answers on how it will impact their...

PayPal Holdings Inc. (PYPL) shares are up 4.4% in Thursday trading after Macquarie analyst Dan Dolev began coverage of the payments provider with a "high-conviction" outperform rating and $112 target price. He wrote that his recent survey of consumers found that PayPal's (PYPL) usage trends are improving more so than trends for mobile wallets like those made by Apple Inc. and Alphabet Inc.' s. While younger millennials showed the least improvement in terms of PayPal (PYPL) engagement in his survey,...

Coronavirus is causing big pains for companies that cater to small businesses. Payments processors, lenders and other service providers to small, bricks-and-mortar firms are bracing for a slowdown as the fallout from the pandemic hits many of their customers, especially retailers and eateries. New York, New Jersey and other states ordered the closure of bars, restaurants, gyms and other businesses to foot traffic to try to slow the spread of the coronavirus.

Coronavirus is causing big pains for companies that cater to small businesses. Payments processors, lenders and other service providers to small, bricks-and-mortar firms are bracing for a slowdown as the fallout from the pandemic hits many of their customers, especially retailers and eateries. New York, New Jersey and other states ordered the closure of bars, restaurants, gyms and other businesses to foot traffic to try to slow the spread of the coronavirus.

Shares of Global Payments Inc. (GPN) jumped in Tuesday trading after Chief Executive Jeff Sloan reiterated the company's prior forecast despite concerns about the coronavirus that have been rattling markets in recent weeks. The company has seen "no discernible impact" on its Europe or Americas business through early March, according to Sloan's comments at a Wolfe Research conference Tuesday afternoon. Shares are up nearly 7% in afternoon trading.

NEW YORK, March 10, 2020 The advent of next-generation systems such as e-wallets and payment banks are projected to help accelerate the digital revolution in the payment, financial and banking services. As for banking, the segment is continually transforming itself in response to new technology, regulation, and operating models.

Global payments companies are seeing a pattern: People are mostly still buying things from other places--they just aren't traveling there. Visa this week joined rival Mastercard (MA) in warning investors that cross-border travel spending growth is at risk from efforts to fight the spread of novel coronavirus. Think of things like canceling major business conferences and restricting cross- border flights.

Visa Inc. (V) said late Monday that it expects the coronavirus outbreak to result in fiscal second-quarter revenue that is about 2.5 to 3.5 percentage points lower than the previously issued range of "low double-digit net revenue growth in constant dollars" that Visa gave with its latest earnings report in January. The company disclosed in a Monday filing that the coronavirus was having a "significant impact" on Asia-related travel that has caused a "sharp slowdown of our...

Visa Inc (V) said on Monday it expects its second-quarter revenue growth to be 2.5-3.5 percentage points lower than its previous forecast, due to the coronavirus outbreak. On its first-quarter earnings call in January, Visa had said it expects second-quarter net revenue growth to be in the low double digits, compared with the first quarter.

A woman in Northern California who tested positive for COVID-19 had not traveled to an affected country or likely been in contact with another confirmed case. A woman in California who tested positive for COVID-19 had not traveled to an affected country or likely been in contact with another confirmed case, marking the first time that the novel coronavirus has spread in the U.S. without a known source of infection. This is an indicator that the outbreak could now spread much more...

Shares of Microsoft Corp (MSFT) fell 4% on Thursday after the company warned of weakness in its PC business after a hit to its supply chain from the coronavirus outbreak, echoing similar statements from Apple Inc (AAPL) and HP. The selloff in shares wiped off nearly $50 billion from Microsoft's (MSFT) market value on a day broader markets tumbled about 2% on rising fears of a global pandemic.

PayPal Holdings Inc (PYPL): * PAYPAL UPDATES FIRST QUARTER 2020 REVENUE OUTLOOK BASED ON CORONAVIRUS IMPACT. * INTERNATIONAL CROSS-BORDER E-COMMERCE ACTIVITY HAS BEEN NEGATIVELY IMPACTED BY COVID-19. * NOW EXPECT TO REPORT Q1 REVENUE TOWARDS LOWER END OF PREVIOUSLY GUIDED RANGE OF $4.78 - $4.84 BILLION. * PAYPAL (PYPL) - REAFFIRMING OUR FIRST QUARTER 2020 GAAP AND NON-GAAP EPS GUIDANCE.

Shares of Microsoft Corp (MSFT) fell more than 4% on Thursday after the company warned of weakness in PC business due to a hit to its supply chain from the coronavirus outbreak, echoing similar statements from Apple Inc (AAPL) and HP.