Author: Press Room

Enrique Lores, then-CEO of Hewlett-Packard speaks on CNBC outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCPayPal CEO Enrique Lores has this week told managers that he is reorganizing the firm’s reporting lines to separate Venmo, the popular mobile payments app, from the company’s other operations, CNBC has learned exclusively.Venmo will soon be its own standalone segment within PayPal, making it easier to track its progress or potentially sell the business to another company, said people with knowledge of the changes.PayPal is looking to recruit a digital banking executive to run the new Venmo…

The suspect in the White House Correspondents’ Dinner shooting appears to have started planning the attack three weeks ago when he began to search online about the event, according to new details in a memorandum prosecutors filed Wednesday in federal court. The filing includes more information about suspect Cole Allen’s alleged movements on Saturday night, his apparent state of mind during his cross-country train trip to Washington, D.C., and how he allegedly planned the attack. It also includes a photo prosecutors say Allen took of himself in front of a mirror in his hotel room just before the attack, showing multiple…

Health Canada approved the first generic version of brand-name semaglutide drugs like Ozempic on Tuesday, becoming the first G7 country to do so. Manufactured by Dr. Reddy’s Laboratories in India, the injectable medication has been approved for once-a-week treatment of Type 2 diabetes in adults.The generic semaglutide drug is sold under the brand name “Obeda” in India and was submitted for review to Health Canada in early 2024.Health Canada stated in a press release that eight other submissions are currently under review for generic semaglutide.Dr. Hertzel Gertstein, a professor in the medicine department at McMaster University and a diabetes physician,…

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PayPal is preparing a significant internal restructuring that will carve out Venmo as a standalone business segment, according to a report by CNBC. The move signals a broader effort by new chief executive Enrique Lores to streamline operations and unlock value at the payments company.The reorganisation comes as PayPal faces intensifying competition in digital payments and seeks to regain investor confidence after a prolonged slump in its share price.Shares of PayPal were up by over 2.5% on Wednesday at the time of writing.Venmo to operate as independent segmentUnder the proposed changes, Venmo will be separated from PayPal’s core operations and…

Federal Reserve Chair Jerome Powell on Wednesday said he will stay on the Board of Governors for an indefinite period while a probe into the renovation of the central bank’s headquarters continues.”I’ve said that I will not leave the board until this investigation is well and truly over with transparency and finality, and I stand by that. I’m encouraged by recent developments, and I’m watching the remaining steps in this process carefully,” Powell said near the beginning of his post-meeting news conference.”My decisions on these matters will continue to be guided entirely by what I believe is in the best…

As “NCIS” nears the highly-anticipated finale of season 23, it will also be star Wilmer Valderama’s 200th episode on the show. He reflects on his time on the series and reveals the season finale will have “a lot of danger,” adding, “we’re setting a crazy tone for next season.”

NEWYou can now listen to Fox News articles! This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255).The suspect arrested earlier this year in connection with Texas’ notorious “Lovers’ Lane” cold case murders has died in custody before he could be tried for his alleged crimes. Floyd William Parrott, 64, was found unresponsive in his Nebraska prison cell Tuesday, according to FOX 26. His death came as he was awaiting extradition back to Texas to face capital murder charges for the alleged killings of Cheryl…

SAMUT SAKHON, Thailand: The soaring price of diesel has turned the already difficult livelihood of Thai fisherfolk into an increasingly unsustainable one.Before the Iran war broke out on Feb 28, they were earning about 4,000 to 5,000 baht (US$122 to US$153) per trip and were able to take some of it home.But every cent goes to fuel now, fisherman Kamol Puengporn told CNA.“Fishing nowadays means stopping more often than going out. Fuel is expensive, marine resources are declining, so it’s just not worth it anymore,” he added.“Ask anyone around here if they still have enough money to live – they’d all shake their…

After decades of membership, the United Arab Emirates has decided to quit the oil producers’ group, OPEC, in order to focus on “national interests” and forge its own path, it has said. The move is seen as a major blow to the Vienna-based oil cartel – but will not spell the end of it altogether, observers say.The UAE’s decision to quit comes after years of open dissatisfaction with the oil cartel’s policy of capping members’ production as a way to control prices and stabilise the market.Recommended Stories list of 3 itemsend of listThe country has invested billions of dollars in…