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Benzinga

Business

Henry Khederian

PayPal Stock Jumps As Powell's Dovish Tone Sparks Growth Rally

PayPal Jerome Powell PYPL US Federal Reserve Jackson Hole

Paypal,Company,Logo,Seen,On,The,Smartphone,Screen,And,Venmo

PayPal Holdings Inc (NASDAQ:PYPL) shares are surging Friday after Federal Reserve Chair Jerome Powell struck a surprisingly dovish tone at Jackson Hole, signaling that rate cuts may soon be on the horizon as the labor market cools.

What To Know: For growth companies like PayPal, interest rates play a pivotal role. As borrowing costs fall, investors are more willing to pay higher valuations for future earnings, since those cash flows are discounted at a lower rate.

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Father of two who drove a Culver City bus for over 12 years shot after refusing to make a stop in traffic

Father of two who drove a Culver City bus for over 12 years shot after refusing to make a stop in traffic

Prosecutors say one passenger wouldn't take no for an answer.

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DOJ: Three Men Charged in $74 Million IRS Refund Scheme Involving 16,000 Checks

DOJ: Three Men Charged in $74 Million IRS Refund Scheme Involving 16,000 Checks

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US justice department sues California over alleged noncitizen voting

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California parents allegedly waited 8 hours to get help for their asthmatic daughter. What investigators found at home raised more questions

California parents allegedly waited 8 hours to get help for their asthmatic daughter. What investigators found at home raised more questions

The daughter's six surviving siblings have since been placed in protective custody.

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NHS England bars trans women from female-only hospital wards under new guidance

NHS England bars trans women from female-only hospital wards under new guidance

NHS England has issued new rules requiring hospitals to allocate single-sex wards and facilities according to biological sex rather than gender identity, changing the previous approach to accommodation for transgender patients and staff.

The Times of India

Texas sued after glitch delays almost 600,000 voter registrations

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Top stories on inkl right now

Father of two who drove a Culver City bus for over 12 years shot after refusing to make a stop in traffic

Father of two who drove a Culver City bus for over 12 years shot after refusing to make a stop in traffic

Prosecutors say one passenger wouldn't take no for an answer.

We Got This Covered

DOJ: Three Men Charged in $74 Million IRS Refund Scheme Involving 16,000 Checks

DOJ: Three Men Charged in $74 Million IRS Refund Scheme Involving 16,000 Checks

Three men are facing federal charges in connection with an alleged $74 million IRS tax refund fraud scheme that prosecutors say involved thousands of fabricated tax returns and more than 16,000 government-issued refund checks.

US justice department sues California over alleged noncitizen voting

US justice department sues California over alleged noncitizen voting

DoJ had demanded that LA county confirm citizenship of people on list in thumb drive, but officials refused

The Guardian - US

California parents allegedly waited 8 hours to get help for their asthmatic daughter. What investigators found at home raised more questions

California parents allegedly waited 8 hours to get help for their asthmatic daughter. What investigators found at home raised more questions

The daughter's six surviving siblings have since been placed in protective custody.

We Got This Covered

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

NHS England bars trans women from female-only hospital wards under new guidance

NHS England bars trans women from female-only hospital wards under new guidance

NHS England has issued new rules requiring hospitals to allocate single-sex wards and facilities according to biological sex rather than gender identity, changing the previous approach to accommodation for transgender patients and staff.

The Times of India

Texas sued after glitch delays almost 600,000 voter registrations

Texas sued after glitch delays almost 600,000 voter registrations

Voting registration organizations accuse Texas officials of failing to ensure eligible voters can register properly

The Guardian - US

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