PayPal shares drop 10% as CEO eyes softer retail spending due to global tariff war
(Bloomberg) — PayPal Holdings Inc. shares fell the most in almost six months after reporting slower growth in payment volume, and company executives said they were seeing softer retail spending as a result of the US tariff wars.
“We did see a slight deceleration” in consumer spending, Chief Financial Officer Jamie Miller said on a call with analysts Tuesday, saying goods made in China were taking a particular hit.
