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Australian court rules PayPal's local unit used unfair contract term for small businesses

UPDATE 2-Australian court rules PayPal's local unit used unfair contract term for small businesses Adds PayPal Australia's comment in paragraph 7 July 5 (Reuters) - Australia's federal court has found that PayPal's PYPL.O local unit used an unfair term in its standard contracts with small business customers who overlooked errors in overcharging, the country's securities regulator said on Friday.
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Australia's ASIC Says Court Declares Paypal Australia Used An Unfair Contract Term

BRIEF-Australia's ASIC Says Court Declares Paypal Australia Used An Unfair Contract Term July 5 (Reuters) - Australian Securities & Investments Commission (ASIC): COURT DECLARES PAYPAL AUSTRALIA USED AN UNFAIR CONTRACT TERM DECLARATIONS AFFECT SMALL BUSINESSES WHO OPENED A PAYPAL BUSINESS ACCOUNT BETWEEN 21 SEPTEMBER 2021 TO 7 NOVEMBER 2023 PAYPAL
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U.S. STOCKS Tesla, Archer Aviation, Novo Nordisk

BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Archer Aviation, Novo Nordisk Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 edged up on Tuesday, boosted by gains in Tesla and megacap stocks, while the Dow was flat with investors assessing Federal Reserve Chairman Jerome Powell's comments on the need for more evidence before cutting rates.
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U.S. STOCKS Tesla, Pure Storage, Rivian

BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Pure Storage, Rivian Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street indexes traded lower on Tuesday after Federal Reserve Chairman Jerome Powell said more evidence was needed before cutting interest rates, while gains in Tesla shares kept losses in check.
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U.S. STOCKS PayPal, Paramount Global, Novo Nordisk

BUZZ-U.S. STOCKS ON THE MOVE-PayPal, Paramount Global, Novo Nordisk Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street was on track for a lower open on Tuesday as megacap stocks retreated after a strong session, with additional caution creeping in ahead of jobs opening data and comments from Federal Reserve Chairman Jerome Powell later in the day.
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PayPal rises after Susquehanna upgrades to 'positive'

BUZZ-PayPal rises after Susquehanna upgrades to 'positive' ** Shares of payments firm PayPal Holdings PYPL.O rise 1.3% to $58.55 premarket ** Susquehanna upgrades "PYPL" to "positive" rating from "neutral" and maintains $71 PT, a 22.8% upside to stock's last close ** Brokerage believes PYPL will grow adjusted operating income and transaction margin
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Italy picks KPMG to value digital payment platform PagoPA, sources say

Italy picks KPMG to value digital payment platform PagoPA, sources say By Giuseppe Fonte and Valentina Za ROME, July 1 (Reuters) - Italy's Treasury has picked accounting firm KPMG to put a price tag on PagoPA, a company handling digital payments to the public administration, as it prepares to sell the business to the state mint and postal service Poste Italiane PST.MI , people close to the matter said.
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PayPal Ventures-backed fintech Mesh partners with Italy's crypto wallet Conio

PayPal Ventures-backed fintech Mesh partners with Italy's crypto wallet Conio MILAN, July 1 (Reuters) - Mesh, a U.S. fintech whose investors include PayPal Ventures, will provide customers of Italian digital asset wallet Conio access to several leading crypto exchanges, such as Binance or Coinbase, the two companies said on Monday. The partnership will allow Conio's 430,000 Italian customers to access 10 leading crypto currency trading platforms through the Conio App, the companies said.
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PayPal Appoints Carmine Di Sibio As A New Member Of Company's Board, Effective July 1

BRIEF-PayPal Appoints Carmine Di Sibio As A New Member Of Company's Board, Effective July 1 June 28 (Reuters) - PayPal Holdings Inc PYPL.O : PAYPAL: ON JUNE 25, APPOINTED CARMINE DI SIBIO AS A NEW MEMBER OF COMPANY'S BOARD, EFFECTIVE JULY 1, 2024 PAYPAL - DI SIBIO FILLS A VACANCY CREATED BY AN INCREASE IN SIZE OF BOARD FROM 11 TO 12 Source text for
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AI startup Etched raises $120 million to develop specialized chip

AI startup Etched raises $120 million to develop specialized chip By Max A. Cherney SAN FRANCISCO, June 25 (Reuters) - Artificial-intelligence startup Etched said on Tuesday it has raised $120 million in a series-A funding round that the company plans to use to further develop its specialized chip. The San Francisco-based company aims to make a specialized processor tuned to run a specific kind of AI model that is widely used by OpenAI’s ChatGPT and Google GOOGL.O Gemini.
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U.S. STOCKS Arrowhead Pharmaceuticals, Nvidia, Alimera Sciences

BUZZ-U.S. STOCKS ON THE MOVE-Arrowhead Pharmaceuticals, Nvidia, Alimera Sciences Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The blue-chip Dow hit a one-month high in a broad-based rally on Monday, as investors rotated out of AI-linked stocks, while focus turned to a key inflation print later in the week to sharpen bets around interest rate cuts this year.
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PayPal shares lose ground after Goldman analyst assumes coverage with "neutral" rating

BUZZ-PayPal shares lose ground after Goldman analyst assumes coverage with "neutral" rating ** Shares of PayPal PYPL.O fall 0.79% to $60.12 after new Goldman Sachs analyst assumed coverage of the payment giant with a "neutral" rating ** PYPL is down ~2% YTD vs S&P 500's .SPX ~15% gain ** Investors are worried about PYPL's competitive position in th
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Paypal Names Srini Venkatesan As Chief Technology Officer

BRIEF-Paypal Names Srini Venkatesan As Chief Technology Officer June 20 (Reuters) - PayPal Holdings Inc PYPL.O : PAYPAL NAMES SRINI VENKATESAN AS CHIEF TECHNOLOGY OFFICER Source text for Eikon: ID:nPn4FSdr1a Further company coverage: PYPL.O
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PayPal hires Walmart exec as chief technology officer in AI push

PayPal hires Walmart exec as chief technology officer in AI push By Hannah Lang June 20 (Reuters) - PayPal PYPL.O has hired one of Walmart's top tech executives Srini Venkatesan to head up the company's push into artificial intelligence as its new chief technology officer, the company told Reuters on Thursday. Venkatesan will oversee technology across the payments giant, including AI and machine learning, information security and product engineering, the company said.
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REUTERS SPORTS SCHEDULE AT 2:30 p.m. ET/ 6:30 p.m. GMT

REUTERS SPORTS SCHEDULE AT 2:30 p.m. ET/ 6:30 p.m. GMT Here are the top sports stories and upcoming coverage plans for Reuters text service as of 2:30 p.m. ET/ 6:30 p.m. GMT. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES SOCCER-EURO-GER-HUN/REPORT Soccer-Germany cruise into Euro knockout stage with 2-0 win over Hungary STUTTGART, Germany, June 19 (Reuters) - Goals from Jamal Musiala and Ilkay Gundogan gave Germany a comfortable 2-0 win over
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REUTERS SPORTS SCHEDULE AT 2 p.m. GMT/10 a.m. ET

REUTERS SPORTS SCHEDULE AT 2 p.m. GMT/10 a.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 2 p.m. GMT/10 a.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES SOCCER-EURO-CRO-ALB/TEAMS Soccer-Croatia make three changes for clash against Albania HAMBURG, Germany, June 19 (Reuters) - Croatia rung the changes as they went in search of their first points at the European Championship, bringing in
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UniCredit CEO says digital euro "very good" plan if banks fully involved

UPDATE 1-UniCredit CEO says digital euro "very good" plan if banks fully involved Adds comments from paragraph 2 MILAN, June 18 (Reuters) - Plans for a digital euro will be a "very good" thing for the currency bloc and its lenders if banks remain central to the flow of money as they are at present, UniCredit Chief Executive Andrea Orcel said on Tuesday.
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REUTERS SPORTS SCHEDULE AT 6:30 p.m. GMT/2:30 p.m. ET

REUTERS SPORTS SCHEDULE AT 6:30 p.m. GMT/2:30 p.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 2:30 p.m. ET / 6:30 p.m. GMT . For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES SPORTS SOCCER-EURO-HUN-SWI-REPORT Switzerland outclass clumsy Hungary in Euros opener COLOGNE, Germany (Reuters) - Switzerland m ade a flying start to their Euro 2024 campaign with a commanding 3-1 win over a blunder-prone
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Who is Kimbal Musk, the Tesla director in cowboy hat?

FACTBOX-Who is Kimbal Musk, the Tesla director in cowboy hat? . June 12 (Reuters) - Tesla TSLA.O shareholders will vote on Thursday on whether to ratify CEO Elon Musk's $56 billion pay package which was voided by a Delaware judge in January. Musk said late on Wednesday that shareholders were voting by wide margins to approve the pay package. Also on the agenda is the re-election of directors, including Musk's younger brother, Kimbal.
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More consumer data safeguards needed, watchdog tells US Congress

CORRECTED-More consumer data safeguards needed, watchdog tells US Congress In paragraph 5, corrects by removing "online" from coupon description to make clear coupons apply offline and online. By Douglas Gillison June 12 (Reuters) - The head of the top U.S. watchdog agency for consumer finance on Wednesday called on lawmakers to adopt greater protections against the collection and use of consumers' data from payment processing and so-called buy-now-pay-later services.
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