Mastercard (NYSE: MA) reported impressive Q2 results, with strong growth in value-added services and international volume. Analysts raise price targets and forecast for future performance.
PayPal (NASDAQ: PYPL) stands as a titan in the realm of digital payments, a company that has fundamentally reshaped how individuals and businesses transact online. Born from the ambitious vision of its founders to democratize financial services, PayPal has evolved from a simple peer-to-peer payment system into a sprawling global
Mastercard (MA) reported Q2 results, with net revenues of $8.13B (+17% Y/Y), beating analyst estimates. Adjusted EPS rose 16% to $4.15. Q3 and FY25 outlook strong.
On Wednesday, the major averages closed on a mixed note, as traders were left unimpressed by the Fed's decision and Chair Powell’s comments at the press conference that followed the meeting.
Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER)
fell 4.3% in the morning session after the company lost a UK Supreme Court appeal regarding a value-added tax (VAT) on its rivals. The ruling confirmed that rival taxi operators in England and Wales will not face a 20% value-added tax (VAT) charge on their profit margins for operations outside of London. This decision represented a setback for Uber, as a different outcome could have imposed significant costs on its competitors, potentially leveling the playing field. The court's decision allows these rival firms to maintain their existing cost structures, which could make it more challenging for Uber to compete on price and expand its market presence in those regions.
President Trump just signed the GENIUS Act, giving stablecoins a 1:1-reserve federal rule-set and setting off a new era of U.S. dollar-backed crypto adoption.
