1:46 p.m. Aug. 24, 2020
- By Wallace Witkowski
Salesforce, Amgen, Honeywell to become new Dow Average componentsSalesforce.com Inc. , Amgen Inc. , and Honeywell International Inc. will become new members of the Dow Jones Industrial Average by the end of the month, S&P Dow Jones Indices said late Monday. Salesforce will replace Exxon Mobil Corp. , Amgen will replace Pfizer Inc. , and Honey well will replace Raytheon Technologies Corp. , S&P Dow Jones said. "The changes won't disrupt the level of the index," S&P Dow Jones said in a statement. "The divisor used to calculate the index from the components' prices on their respective home exchanges will be changed prior to the opening on August 31, 2020."
8:01 a.m. May 30, 2020
- By Mike Murphy
Here’s what’s coming to Hulu in June 2020, and what’s leaving Rom-com ‘Love, Victor’ and foodie series ‘Taste the Nation’ among highlightsThe teen rom-com ‘Love, Victor’ and Padma Lakshmi’s foodie series ‘Taste the Nation’ are among the highlights.
4:52 a.m. May 15, 2020
- By Emily Bary
PayPal stock falls after downgrade at BMOShares of PayPal Holdings Inc. are down 1.3% in premarket trading Friday after BMO Capital Markets analyst James Fotheringham downgraded the stock to market perform from outperform "due exclusively to our shift in investment strategy towards credit-sensitive sub-sectors." While he's upbeat about PayPal's two-sided network, its progress with Venmo monetization, its recent purchase of Honey, and its role in the transition to digital commerce, he argued that these catalysts are already reflected in PayPal's share price. He now tilts toward credit-sensitive names as his balance-sheet simulation analysis finds that the 19 large-cap banks and specialty lenders that he covers should have enough earnings power to "withstand impending loan losses without needing to tap the equity markets." PayPal shares have added 17% over the past three months as the S&P 500 has fallen 16%.
4:07 a.m. May 7, 2020
- By Emily Bary
PayPal says May 1 was largest transaction day in its history, but first-quarter results fall short Company set monthly record for net new active accounts in AprilPayPal Holdings Inc. fell short of first-quarter expectations Wednesday as the company felt the impact of the COVID-19 pandemic in March, but the digital payments pioneer said that trends were improving in April and beyond, as May 1 marked the company’s highest volume transaction day in its history.