{"id":989627,"date":"2026-02-04T08:01:53","date_gmt":"2026-02-04T02:31:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=989627"},"modified":"2026-02-04T08:07:19","modified_gmt":"2026-02-04T02:37:19","slug":"paypal-sees-2026-profit-below-estimates-names-enrique-lores-as-ceo","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/02\/04\/paypal-sees-2026-profit-below-estimates-names-enrique-lores-as-ceo\/","title":{"rendered":"PayPal sees 2026 profit below estimates, names Enrique Lores as CEO"},"content":{"rendered":"<p>PayPal issued a lackluster profit forecast for 2026 and reported fourth-quarter earnings \u200dbelow Wall Street expectations on Tuesday, pressured by weaker US retail spending and slower growth in \u2060its branded checkout segment. <\/p>\n<p>The company&#8217;s shares fell 9% in premarket trading after the results. It also named HP&#8217;s Enrique Lores as president and CEO, effective March 1. <\/p>\n<p>Retail spending has softened as \u200ccautious consumers, squeezed \u200cby still-high interest rates, stubbornly high living costs and signs of a softening labor market, cut back \u200con discretionary purchases and prioritize everyday necessities, a pattern highlighted by major retailers and consumer goods companies as households navigate tighter budgets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal issued a lackluster profit forecast for 2026 and reported fourth-quarter earnings \u200dbelow Wall Street expectations on Tuesday, pressured by weaker US retail spending and slower growth in \u2060its branded checkout segment. The company&#8217;s shares fell 9% in premarket trading after the results. It also named HP&#8217;s Enrique Lores as president and CEO, effective March 1. Retail spending has softened as \u200ccautious consumers, squeezed \u200cby still-high interest rates, stubbornly high living costs and signs of a softening labor market, cut back \u200con discretionary purchases and prioritize everyday necessities, a pattern highlighted by major retailers and consumer goods companies as households [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-989627","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/989627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=989627"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/989627\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=989627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=989627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=989627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}