Business

(Reuters) – Shares of PayPal Holdings fell nearly 9% in premarket trading on Thursday after the digital payments firm reported weak margins for the second quarter that overshadowed a strong outlook. The company reported an adjusted operating margin of 21.4% for the three months ended June 30, below estimates of 22%, according to Refinitiv IBES … Read more

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Stocks were under pressure Wednesday after Fitch cut the rating on U.S. debt to AA+ from AAA. The Nasdaq Composite (^IXIC) sank 2%, while the S&P 500 (^GSPC) suffered its first one-percent down … Read more