PayPal reportedly receives $60.50 per share takeover offer
PayPal Holdings (NASDAQ:PYPL) reportedly received a $60.50-per-share offer from Stripe and Advent International, valuing it above $53 billion.
PayPal Holdings (NASDAQ:PYPL) reportedly received a $60.50-per-share offer from Stripe and Advent International, valuing it above $53 billion.
Federal Reserve Chairman Kevin Warsh testifies that President Donald Trump has not tried to interfere with the central bank. He speaks at a Senate Banking Committee hearing.
Federal Reserve Chairman Kevin Warsh says higher prices driven by the build-out of AI infrastructure are not necessarily inflationary. He speaks at a Senate Banking Committee hearing.
Former US Ambassador to NATO Kay Bailey Hutchinson tells Bloomberg's David Gura she thinks Ukraine's success with drones has earned President Trump's respect. She also adds that she thinks US support for Ukraine is in a much stronger position.
Winmark (NASDAQ:WINA) reported Q2 2026 net income of $10.4 million and diluted earnings of $2.81 per share.
First Horizon (NYSE:FHN) reported a second-quarter net income available to common shareholders of $260 million alongside an earnings per share of $0.54.
Mahesh Saireddy, Global Co-Head of the Capital Solutions Group at Goldman Sachs, sees continued momentum in capital markets. He joined Bloomberg Open Interest following Goldman's blockbuster second-quarter results, with debt underwriting hitting a fresh record and equity underwriting more than doubling. He outlines three key themes driving capital markets activity: infra buildout, merger activity, and continued expansion of alts/private markets.
During a tense exchange, US Senator Elizabeth Warren challenges Federal Reserve Chairman Kevin Warsh over allegations of a longstanding culture of corruption and ethical lapses within the central bank, particularly focusing on personal stock trading by senior officials.
Stefan Slowinski, global head of software research at BNP Paribas, says software companies are unlikely to see a recovery in spending in the months ahead as companies focus more on products related to artificial intelligence and cybersecurity. He speaks on "Bloomberg Surveillance."
Mark Esper, Former Secretary of Defense spoke with David Gura at the Aspen Security Forum and said that he believes a ceasefire was never in place with Iran, but that the Memorandum of Understanding was thrown out the window. he also discussed NATO's involvement in Russia's war with Ukraine.
On this episode of Stock Movers: - PayPal (PYPL) shares are rallying after Reuters reported Stripe and private equity company Advent International have made a joint offer to buy PayPal for $60.50 per share, valuing the payments firm at more than $53 billion. - Conagra Brands (CAG) shares are moving on news it is cutting its dividend in half, freeing up cash as its new chief executive officer begins his efforts to turn around the packaged food company. - SpaceX (SPCX) shares have fallen to the brink of falling below their initial public offering price after three days of losses, with shares closing at $136.08 each.
KPMG Chief Economist Diane Swonk says the Federal Reserve needs to raise rates twice due to the "endemic" inflation in the US economy on "Bloomberg Open Interest."