Bank of America downgrades fintech company PayPal (PYPL) and restaurant software developer Toast (TSOT) stocks from "Buy" to "Neutral." Bank of America Senior Equity Research Analyst Jason Kupferberg joins Yahoo Finance Live to comment on the payment industry and buy now, pay later space. "Now let's look forward to 2024 — what can possibly get this sector out of its rut?" Kupferberg asks. "Number one, greater visibility on forward estimates in 2024, and along with that what we're talking about is really increased confidence in a soft landing scenario. Now, that's the base case that Bank of America's economists are calling for." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
DISTRIBUTED-WORK-MODEL/OAKLAND, Calif., December 07, 2023--Bitkey, the self-custody bitcoin wallet built by Block, Inc. (NYSE: SQ), launched today in more than 95 countries across six continents, widening access to self-custody and empowering people around the world to truly own and manage their bitcoin easily and safely. Today, the vast majority of the millions of bitcoin owners1 keep their bitcoin in the custodial platforms or exchanges where they bought it, leaving them under the control of t
OAKLAND, Calif., November 28, 2023--Over the Black Friday and Cyber Monday weekend, millions of Square and Afterpay sellers across the world set a new record with 70M transactions, up 14% from last year. Consumers continued to display diverse shopping habits as in-person shopping increased 15%, while online cart sizes were 3.9X higher than in-person, reinforcing the need for sellers to optimize their omnichannel strategy for the remainder of the holiday season. Similarly, 9% more businesses leve