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PayPal will cut 9% of its global workforce, or about 2,500 jobs, CEO Alex Chriss wrote Tuesday in an internal letter to employees, which was viewed by CNBC. The cuts will affect both existing roles and job listings that PayPal had planned to hire for, and will take place over the course of the year, Chriss wrote. If your role is included in this workforce reduction, you will be notified between today and the end of the week. PayPal has significant potential to create substantial value for our employees, our customers, and shareholders. I am confident that our PayPal community will come through this period even stronger, and I am optimistic about the future we will create together.
Persons: Alex Chriss, Chriss, Alex Don't Organizations: PayPal, CNBC, Intuit, CNBC PRO
Fintech companies are starting layoffs
  + stars: | 2024-01-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFintech companies are starting layoffsCNBC's Kate Rooney joins 'Power Lunch' to discuss the latest round of layoffs in FinTech.
Persons: Kate Rooney Locations: FinTech
Nubank CEO David Vélez on LatAm tech opportunities
  + stars: | 2024-01-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNubank CEO David Vélez on LatAm tech opportunitiesNubank CEO David Vélez speaks to CNBC's Kate Rooney about e-commerce and growth opportunities in the Latin American market, and how the region's tech savvy and underbanked population remains a draw for growth investors.
Persons: David Vélez, CNBC's Kate Rooney
Plaid CEO on the state of fintech
  + stars: | 2023-12-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPlaid CEO on the state of fintechPlaid CEO Zach Perret talks with CNBC's Kate Rooney on AI and crypto trends in the payments space, and the winners and losers in fintech amid a year of high interest rates.
Persons: Zach Perret, CNBC's Kate Rooney Organizations: Plaid, fintech Plaid
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAffirm shares hit 15-month high as 'buy now pay later' see their momentCNBC's Kate Rooney reports on the latest news from Affirm.
Persons: Kate Rooney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK Invest sells more Grayscale Bitcoin Trust holdings as discount narrows: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. Kyla Curley, a partner at StoneTurn and a certified cryptocurrency forensic investigator, sits down with CNBC Crypto World to discuss advancements in U.S. crypto regulation.
Persons: explainers, Kyla Curley Organizations: CNBC Crypto, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance CEO Changpeng Zhao to step down, plead guilty in DOJ settlementCNBC's Kate Rooney joins 'Halftime Report' to discuss the latest developments in Binance's criminal case.
Persons: Changpeng Zhao, Kate Rooney Organizations: DOJ
U.S. unseals criminal charges against Binance
  + stars: | 2023-11-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. unseals criminal charges against BinanceCNBC's Eamon Javers and Kate Rooney join 'Closing Bell' to discuss the Justice and Treasury departments unsealing the criminal charges against Binance.
Persons: Binance CNBC's Eamon Javers, Kate Rooney Organizations: U.S, Treasury, Binance
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase CEO on Binance: Good for the industry to turn the page, make sure we're following the lawBrian Armstrong, Coinbase CEO, and CNBC's Kate Rooney to talk the criminal charges brought against Binance CEO, the regulatory future of the crypto space, and more.
Persons: Brian Armstrong, CNBC's Kate Rooney Organizations: Binance
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. unseals criminal charges against crypto firm Binance and CEO Changpeng ZhaoThe U.S. Department of Justice has brought criminal charges against Binance and its billionaire founder and CEO, Changpeng Zhao. CNBC's Kate Rooney reports.
Persons: Changpeng Zhao, CNBC's Kate Rooney Organizations: U.S, U.S . Department of Justice, Binance
ETF Edge: Cash and bonds stay "sticky"
  + stars: | 2023-11-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailETF Edge: Cash and bonds stay "sticky"Matt Bartolini, State Street Global Advisors; Dan Egan, Betterman; and CNBC's Kate Rooney join ‘Halftime Report’ to discuss confidence in the investing landscape, reinvestment risk, and more.
Persons: Matt Bartolini, Dan Egan, CNBC's Kate Rooney Organizations: Street Global Advisors,
"Scared money" sticking in cash & bonds
  + stars: | 2023-11-20 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email"Scared money" sticking in cash & bondsMatt Bartolini, SPDR Americas Research head, and Dan Egan, Betterment Behavioral Finance & Investing vice president, join CNBC's Kate Rooney on "ETF Edge" to discuss if the growing appetite for bonds can continue and how investors can position themselves if they want to start taking money off the table.
Persons: Matt Bartolini, Dan Egan, CNBC's Kate Rooney Organizations: Americas Research, Finance Locations: Americas
How artificial intelligence could be used in ETFs
  + stars: | 2023-11-20 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow artificial intelligence could be used in ETFsMatt Bartolini, SPDR Americas Research head, and Dan Egan, Betterment Behavioral Finance & Investing vice president, join CNBC's Kate Rooney on "ETF Edge" to discuss how artificial intelligence could be incorporated into investing and the ETF space.
Persons: Matt Bartolini, Dan Egan, CNBC's Kate Rooney Organizations: Americas Research, Finance Locations: Americas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto company led by former NYSE president acquires news outlet CoinDesk: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Janczewski, head of global investigations at blockchain intelligence company TRM Labs, explains which crypto crimes were most popular in 2023.
Persons: explainers, Chris Janczewski Organizations: CNBC Crypto, CNBC, TRM Labs
Huge month for active management
  + stars: | 2023-11-20 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHuge month for active managementMatt Bartolini, SPDR Americas Research head, and Dan Egan, Betterment Behavioral Finance & Investing vice president, join CNBC's Kate Rooney on "ETF Edge" to discuss the growth in active funds and if there is still more opportunity in the passive investing strategy.
Persons: Matt Bartolini, Dan Egan, CNBC's Kate Rooney Organizations: Americas Research, Finance Locations: Americas
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe OpenAI shake up will not have a major impact on Microsoft, says Jefferies Brent ThillBrent Thill, Jefferies, and CNBC's Kate Rooney join 'Closing Bell Overtime' to talk the impact of Sam Altman's departure from OpenAI on Microsoft.
Persons: Jefferies Brent Thill Brent Thill, Jefferies, CNBC's Kate Rooney, Sam Altman's Organizations: Microsoft Locations: OpenAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTX sues crypto exchange Bybit over 2022 withdrawals: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Naveen Agnihotri, the CEO of Cumberland Labs and TrustApp, explains his new app, which uses AI and blockchain technology to weed out misinformation from social media.
Persons: FTX, explainers, Naveen Agnihotri Organizations: CNBC Crypto, CNBC, Cumberland Labs
With the meme-stock rally in the rearview mirror and interest rates surging, individual investors are rediscovering the philosophy made famous by Vanguard's founder, Jack Bogle. Fans call themselves "Bogleheads," and the strategy "lazy" investing. Dan Griffin, a self-proclaimed Boglehead based in Florida, said he watched the meme stock rally in amusement. The current market condition is proof that his "tortoise" investing approach is the right one to building long-term wealth, he said. "The meme stock phenomenon seemed so focused on being incredibly plugged into your portfolio and monitoring your investments — I see the Bogleheads' philosophy as being antithetical to all of that."
Persons: Jack Bogle, Dan Griffin, Boglehead, Griffin, Christine Benz, Morningstar Organizations: GameStop, CNBC Locations: Florida
Revenge of the 'Bogleheads'
  + stars: | 2023-11-10 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRevenge of the 'Bogleheads'CNBC's Kate Rooney joins 'Power Lunch' to discuss on the return of 'boglehead' investors.
Persons: Kate Rooney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSam Bankman-Fried found guilty on all charges in FTX collapseCNBC's Kate Rooney joins 'Squawk Box' to report on the latest developments in the criminal fraud trial of FTX founder Sam Bankman-Fried.
Persons: Sam Bankman, Fried, CNBC's Kate Rooney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSam Bankman-Fried found guilty on all seven criminal fraud counts: Here's what nextCNBC's Eamon Javers and Kate Rooney report on the latest news from the Sam Bankman-Fried criminal trial.
Persons: Sam Bankman, Fried, Eamon Javers, Kate Rooney
SBF trial: Jurors expected to start deliberating today
  + stars: | 2023-11-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSBF trial: Jurors expected to start deliberating todayCNBC's Kate Rooney reports on the latest news from Sam Bankman-Fried's fraud trial.
Persons: Kate Rooney, Sam Bankman
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJury finds Sam Bankman-Fried guilty on all seven counts in fraud trialCNBC's Kate Rooney joins 'Last Call' with the verdict in the Sam Bankman-Friend trial after the jury finds him guilty on all seven counts.
Persons: Sam Bankman, Fried, Kate Rooney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailProsecutors, defense paint different versions of Sam Bankman-FriedCNBC's Kate Rooney joins 'Squawk Box' with the latest developments in the criminal fraud trial of Sam Bankman-Fried.
Persons: Sam Bankman, Fried, Kate Rooney Organizations: Email Prosecutors
Closing arguments underway in SBF trial
  + stars: | 2023-11-01 | by ( Kate Rooney | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClosing arguments underway in SBF trialCNBC's Kate Rooney reports on the latest from the Sam Bankman-Fried trial.
Persons: Kate Rooney, Sam Bankman
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