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PayPal Prepares Job Cuts As New CEO Takes "Deliberate Steps" In Turnaround Strategy

PayPal Prepares Job Cuts As New CEO Takes "Deliberate Steps" In Turnaround Strategy PayPal shares fell 10% in the early U.S. cash session after CEO Enrique Lores began a turnaround effort aimed at "taking deliberate steps to sharpen focus and accelerate growth." Lores is pushing forward with a new turnaround plan that could generate at least $1.5 billion in savings for the struggling payment platform over the next two to three years. This will allow the company to reinvest in technology modernization. Lores said in an earnings release that PayPal...
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Mar 26, 2026 / Tyler Durden
AirGas Declares Force Majeure On Helium Shipments As Qatar Production Collapses
AirGas Declares Force Majeure On Helium Shipments As Qatar Production Collapses Earlier this week we reported that global chip production was in peril as "Qatar Warns Helium Exports Set To Collapse." Best known as the gas that makes party balloons float, helium is far more important as a key input in chipmaking, space rockets and medical imaging. The problem is that Qatar supplies a third of the world’s helium, and the Gulf nation had to halt production after Iranian strikes against the region’s energy producing infrastructure crippled its LNG production which is...
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Sep 7, 2026 / Tyler Durden
Labor Day Gas Prices Have Never Been Higher
Labor Day Gas Prices Have Never Been Higher American travelers are facing record-high gasoline prices this Labor Day weekend as conflict in the Middle East and disruptions to global fuel supplies keep prices elevated. The national average for a gallon of regular gasoline stood at about $4.15 on Sept. 5, according to the American Automobile Association (AAA). That is nearly $1 higher than a year ago. This year's Labor Day is now the first in history with a national average above $4 per gallon. The previous Labor Day record was $3.82 per...
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Apr 6, 2026 / Tyler Durden
"Evictions Are An Act Of Policy Violence": Pressley & Dems Introduce Renter Reform Legislation
"Evictions Are An Act Of Policy Violence": Pressley & Dems Introduce Renter Reform Legislation Authored by Jonathan Turley, Rep. Ayanna Pressley (D., Mass.) joined fellow Democrats last week in calling for the passage of the Housing Emergencies Lifeline Program (HELP) Act to “crack down” on some evictions while barring the use of evictions on credit reports. Pressley declared that “evictions are an act of policy violence.” Promoting the act, Pressley said: “Eviction is an act of violence, and we have to do everything to prevent it. It is devastating for the families. It degrades the health of communities....
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