When I began to hear gossip about the Federal Reserve's FedNow Service, I wondered why it was mired in drama. There were stories about how the Federal Reserve's new service is an attempt to infiltrate the financial affairs of everyday Americans. There were wild tales of how FedNow would shut down CashApp, Venmo, PayPal, and other payment services.
Elon Musk’s stop-start plan to buy Twitter for $44bn has often seemed like an impulsive move by the world’s richest person. “Buying Twitter is an accelerant to creating X, the everything app,” Musk tweeted on Tuesday after his lawyers told the social media company he planned to proceed with the purchase at the original price of $54.20 per share. Since launching his original bid in April, Musk has said that owning Twitter is more about preserving the platform as an open venue for “free speech” — not to mention solving its spam problem, which apparently irritates Musk as a heavy user — than about making money.
The consensus price target hints at a 43.4% upside potential for Paypal (PYPL). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.