On Wednesday, Shares of Paypal Holdings Inc (NASDAQ:PYPL), lost -0.94% to $34.38.
PayPal released a new PayPal Money Habits Study that sheds new light on people’s attitudes and behaviors around money. In a survey of 4,000 consumers in the U.S., Canada, Germany, and Australia, the study found that one third of adults in the U.S. have ruined a relationship over IOUs and are owed on average $450. A driving reason is discomfort around financial conversations; more than 50 percent of Americans find it awkward to ask their friends or family to pay them back.
The survey also found digital wallets continue to gain popularity with one third of respondents preferring a digital wallet to a real one. Most people dislike dealing with checks (74 percent), and while cash is still king, mobile payments are on the rise with peer-to-peer (P2P) payments increasingly popular for IOUs.
“As we see money going digital and mobile, people need more flexible ways to manage their money. It’s simple – we all want no-fuss ways to pay and get paid back, and avoid awkward IOU conversations,” said Matt Gromada, Director of Consumer Product Marketing at PayPal. “PayPal pioneered sending money digitally 16 years ago, and we are ongoing to lead the way with our P2P offerings.”
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, in addition to at offline retail locations through a range of payment solutions across company’s payments platform, counting PayPal, PayPal Credit, Venmo, and Braintree products.
Shares of Best Buy Co Inc (NYSE:BBY), declined -0.48% to $37.52, during its last trading session.
Best Buy Co., declared results for the second quarter ended August 1, 2015 as contrast to the second quarter ended August 2, 2014.
Hubert Joly, Best Buy chairman and CEO, commented, “We believe these better-than-predictable second quarter results are affirmation that our strategy of offering advice, service and convenience at competitive prices is paying off. Enterprise revenue grew 0.8% to $8.5 billion driven by a 3.9% improvement in the Domestic segment, partially offset by the impact of the Canadian brand consolidation and 120 basis points of pressure from foreign currency. Better year-over-year performance in the Domestic segment drove a 50-basis point improvement in the Enterprise non-GAAP operating income rate to 3.4% and a 17% improvement in non-GAAP diluted EPS to $0.49. We also returned $321 million in cash to shareholders through share repurchases in addition to $81 million in regular dividends.”
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics compriseing primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.
Finally, Lowe’s Companies, Inc. (NYSE:LOW), ended its last trade with -1.73% loss, and closed at $68.11.
Lowe’s Companies declared it has agreed to sell $250 million of Floating Rate Notes due 2018, $750 million of 3.375% Notes due 2025 and $750 million of 4.375% Notes due 2045. Estimated net proceeds from this offering will be about $1.7 billion, after deducting offering expenses and underwriters’ discounts. Lowe’s intends to use the net proceeds from the sale of the Notes for the repayment of $500 million aggregate principal amount at maturity of its 5.000% Notes due October 15, 2015 and for other general corporate purposes. Closing is predictable to occur on September 16, 2015.
Lowe’s Companies, Inc. operates as a home improvement retailer. The company offers products for maintenance, repair, remodeling, and home decorating. It provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions; storage and cleaning; flooring; millwork; and outdoor power equipment.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
