These wealthy hedge-fund managers were adding to high-conviction stocks as the market continued to drop in the third quarter.
PayPal Holdings Inc (NASDAQ: PYPL) shares are trading higher Wednesday after the company reported better-than-expected financial results and raised its earnings guidance.
I don’t see any good reason why PayPal (PYPL) wouldn’t outperform Block (SQ) over the coming months and quarters. Read more to know why.
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The U.S. Securities and Exchange Commission appears likely to work on its first guidelines for cryptocurrencies after President Joe Biden’s nominee to lead the agency promised to provide “guidance and clarity” to the rapidly evolving market. Speaking during his confirmation hearing before the Senate Banking Committee on Tuesday, Gary Gensler offered the first thoughts on handling cryptocurrencies if he is confirmed to lead the top U.S. markets regulator. “Bitcoin and other cryptocurrencies brought new thinking to payments but raised new issues of investor protection we still need to attend to,” Gensler told lawmakers, describing them as “catalysts for change.”