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Real-time News
Dominican Republics power company: The Dominican Republic is experiencing widespread power outages.February 24th - According to sources familiar with the matter, PayPal (PYPL.O) is attracting acquisition interest from potential buyers after its stock price plummeted, wiping out nearly half of its market value. The sources said the San Jose, California-based company has met with several banks among those who have proactively approached it. At least one major competitor is considering a full acquisition, while other potential buyers are only interested in certain parts of PayPals assets. The sources cautiously stated that the acquisition interest is still in its early stages and a deal is not guaranteed. Founded in the late 1990s, PayPal is a pioneer in digital payments. However, the company is currently struggling, with its customers increasingly turning to other payment methods. Over the past 12 months, PayPals stock price has fallen by approximately 46%, and the companys market capitalization is approximately $38.4 billion. PayPals stock briefly triggered a trading halt during the day but has since resumed trading, with the stock price now up by 8%.PayPal (PYPL.O) triggered an intraday circuit breaker after reports that the company had received acquisition offers following a drop in its share price.According to the Wall Street Journal: Chevron (CVX.N) has entered into exclusive talks with Iraq over a giant oil field project.Senate Minority Leader Schumer: Senate Democrats will block Trumps tariff extension.
