S&P500 Futs Jump, Bonds Rally, Oil Tanks On Axios Report U.S.-Iran Nearing Deal

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...

Another Manic Monday Coming Submtted By Peter Tchir of Academy Securities I expect that we will see a lot of “green dots” on the Bloomberg Terminal Sunday night, as there was almost no asset (other than energy) up on Friday. I do know that my Monday will start bright and early, at 5am on CNBC. Away from that everything is a bit up in the air. There are headlines that can push us in either direction. Some developments that seem good, some that seem bad, some that seem weird, and some that...

Medicaid Withholds Additional $91 Million In Funding For Minnesota Authored by Janice Hisle via The Epoch Times, In his latest action targeting Minnesota fraud, Dr. Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services, said his agency would delay paying $91 million in Medicaid claims to the state. “This is about protecting patients and respecting taxpayers,” Oz said in a video posted April 30 on X, announcing the decision. The money being withheld includes “$76 million tied to 14 service categories highly vulnerable to fraud,” Oz wrote on X. The remaining...