PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat

PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat

After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company. Additionally, the company topped expectations … Read more

Atlanta’s canceled Music Midtown festival puts lax gun laws under scrutiny

Atlanta’s canceled Music Midtown festival puts lax gun laws under scrutiny

Comment on this story Comment As gun-control legislation stalls at the federal level, developments in the music festival circuit have underscored the impact of state laws: Atlanta’s Music Midtown festival, originally set for next month, was canceled Monday because of a Georgia court ruling that prevented organizers from banning guns on festival grounds. “Due to … Read more

Port of New York and New Jersey battles a shipping container pile-up

Port of New York and New Jersey battles a shipping container pile-up

The Port of New York and New Jersey announced new tariffs on Tuesday related to empty containers and export volumes in its battle to reduce container congestion. Both loaded and empty containers that are considered long-dwelling will be subjected to a quarterly “container imbalance fee.” The tariff will be effective as of September 1, pending … Read more

Robinhood Crypto Fined $30 Million by New York Regulator

Robinhood Crypto Fined  Million by New York Regulator

Photo: Oliver Douliery (Getty Images) Robinhood, the self-proclaimed ‘Democratized Finance’ app accused of misleading and ripping off retail investors will have to cough up another $30 million to appease regulators. That raises the company’s overall regulatory penalty and settlement tab well above $100 million. In a filing Tuesday, the New York State Department of Financial … Read more

‘Batgirl’ movie gets ‘shelved’ by Warner Bros: source

‘Batgirl’ movie gets ‘shelved’ by Warner Bros: source

Holy millions down the drain, Batman! The DC Comics film “Batgirl” will be completely “shelved” by Warner Bros., a top Hollywood source told The Post. That means it won’t hit theaters or the streaming service HBO Max. Fans won’t see it. The reportedly $70 million movie (the source said the budget was actually more than … Read more

AMD stock slips as revenue forecast dips below Street consensus

AMD stock slips as revenue forecast dips below Street consensus

Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s revenue forecast fell below the Wall Street consensus after posting record sales, topping Street expectations and reporting a huge surge in data-center sales. “Taking a step back, while there has been additional softness in the PC market in recent months, … Read more