Financial Shares Fall As Treasury Auctions See Tepid Demand -- Financials Roundup

Financial shares slide as Treasury yields move higher as auctions of two-year and five-year notes were met with soft demand.

PayPal plans to build an ad sales business around the reams of data it generates from tracking purchases as well as the broader spending behaviors of millions of consumers who use its services, which include the more socially enabled Venmo app.

PayPal in January introduced Advanced Offers, its first ad product, which uses AI and the company's data to help merchants target PayPal users with discounts and other personalized promotions.

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(END) Dow Jones Newswires

05-28-24 1703ET