Julie Verhage
Yahoo Finance
New York, NY, United States
Contact Julie
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Past articles by Julie:
PayPal Cuts First-Quarter Revenue Outlook on Virus Impact
(Bloomberg) -- PayPal Holdings Inc. cut its forecast for revenue in the first quarter due to the continued impact of the coronavirus.The payments operator said it expects revenue to be on the lower end of a previously forecast range of $4.78 billion to $4.84 billion. The company reaffirmed its outlook → Read More
PayPal forecast disappoints as acquisitions weigh on profit
PayPal Holdings Inc. gave an earnings forecast for the current quarter that missed analysts’ estimates as a string of acquisitions and partnerships weighs on profit. → Read More
Best Books 2019: Top Picks from Business and Finance Leaders
Our annual list of what the most powerful people in business read this year. → Read More
Peloton Backlash Has Potential to Boost User Growth
(Bloomberg) -- Peloton Interactive Inc. has been pilloried online and punished on the stock market following the release of a holiday ad for its stationary exercise bike that was deemed culturally insensitive. But the backlash could be a good thing for the company in the long run.The commercial, which → Read More
PayPal to acquire price-comparison app Honey for US$4B
PayPal Holdings Inc. will acquire Honey Science Corp. for $4 billion, adding a popular browser extension to compare prices at online shopping sites. → Read More
Peloton said to plan sale of cheaper treadmill and rowing machine in 2020
The company is working on a new treadmill that will cost less than the current US$4,000 model, as well as a rowing machine, according to people familiar with their development. → Read More
Peloton projects 2020 revenue that tops analysts' estimates
Peloton said its quarterly loss narrowed in the first quarter to US$49.8 million, or US$1.29 a share, from US$54.5 million, or US$2.18, a year earlier. Analysts estimated a loss of US$114 million. → Read More
PayPal reports earnings that exceed analysts’ estimates
PayPal Holdings Inc. reported quarterly earnings that exceeded analysts’ estimates. → Read More
Facebook's Libra loses Mastercard, Visa in cascade of exits
EBay Inc., Stripe Inc. and Mastercard Inc. are abandoning Facebook Inc.’s cryptocurrency project Libra, the latest blow to the troubled effort that has drawn criticism from lawmakers and lost other early partners such as PayPal Holdings Inc. → Read More
PayPal pulls out of Facebook-led Libra cryptocurrency group
PayPal Holdings Inc. pulled out of the Libra Association, a blow to Facebook Inc.’s efforts to develop a digital currency. → Read More
Peloton said to raise US$1.16B in top-of-range U.S. IPO
Peloton Interactive Inc. raised $1.16 billion in its U.S. initial public offering, pricing its shares at the top end of its targeted range, according to a person familiar with the matter. → Read More
No Banking Charter? No Problem. Fintechs Team Up With Small-Town Banks
Customers of Square Inc., the Silicon Valley payments behemoth, might assume that the cash they send to friends on the platform is housed in a glassy building in Silicon Valley, tended to by hoodie-clad tech workers. Actually, that money is more likely to be sitting in a 117-year-old community bank in Iowa. → Read More
Jack Dorsey's Square is testing a new free stock trading service
The new product would be part of Cash App, and would compete directly with trading apps like Robinhood. → Read More
Peloton founder goes from Kickstarter to a US$450-million fortune
The company’s rapid rise to become one of the most sought-after brands in fitness is poised to give co-founder John Foley a net worth of about US$450 million. → Read More
PayPal lowers annual sales forecast, citing product delays
Investors expressed disappointment with PayPal Holdings Inc.’s revenue outlook Wednesday, sending shares tumbling in after-hours trading. → Read More
PayPal Lowers Annual Sales Forecast, Citing Product Delays
(Bloomberg) -- Investors expressed disappointment with PayPal Holdings Inc.’s revenue outlook Wednesday, sending shares tumbling in after-hours trading.PayPal lowered its forecast for the year, projecting revenue growth of 14% to 15%. The previous range was a percentage point higher. Sales will be as → Read More
When a Phone Won’t Cut It, Now You Can Hire a Robot Photographer
Carolyn Bessette is good at making soap. So good that people pay $8 for a bar of Farm to Shower Peppermint Watermelon or Hopi Blue Corn handmade soap through her website. What she’s not good at, however, is photographing soap. → Read More
How two college dropouts built an US$860 million fortune by age 23
They didn’t complete a single year of college, but Henrique Dubugras, 23, and Pedro Franceschi, 22, have already amassed a veteran’s share of Silicon Valley experience. Now they have the net worth to match. → Read More
Apple expands Goldman credit card test to thousands of retail workers
Apple Inc. is ramping up a test of a digital-first credit card with Goldman Sachs Group Inc. by expanding its use to tens of thousands of the iPhone maker’s U.S. retail employees. → Read More
Facebook wants its cryptocurrency to one day rival the greenback
Social-media giant says Libra will be better than Bitcoin. But the company is late to the party and other payment initiatives have stumbled. → Read More