PayPal Unveils Another Credit Card for In-Person Shopping Push
PayPal Holdings Inc. is adding a new card to bring its online credit product to physical stores as the company focuses on expanding its name recognition with in-person transactions.
The new PayPal credit card joins the San Jose, California-based company's debit card, introduced more than two decades ago, and a separate 3% cash-back credit card. The new credit card, issued by Synchrony Financial, will launch with a six-month promotion offering no-interest financing for qualifying travel purchases including flights and hotels, according to a statement.
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42 minutes ago
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Gavin Newsom And Jay Pritzker Offering Red States The Deal Of Lifetime
Government spending saps economic growth, which is no insight. It's stated routinely in my upcoming book The Deficit Delusion that the centralized and politicized allocation of goods, services and labor in sub-optimal fashion by politicians lays a wet blanket on economic growth. What makes the economically enervating nature of government spending worth mentioning is the ongoing debate about state and local taxes, also known as SALT. Governors in high-tax blue states would like to return to the old state of tax play whereby state and local taxes paid could be 100 percent deducted against federal tax bills. Red state citizens should take this gift from people with names like Newsom and Pritzker and run with it. Except that red state politicians are largely balking. So are their citizens. They see unlimited deductibility of state and local taxes as a subsidy of blue state taxpayers, and an incentive for blue states to tax and spend with abandon at a cost to federal tax collections. Their critiques speak to the undeniable good of an unlimited SALT deduction, for red states. To suggest otherwise is to imply that blue states benefit economically from excessive spending, all at the expense of the federal government's ability to spend. Actually, that's a feature of SALT, not a bug. Once again, government spending is economically harmful. The goal for red state politicians should be to localize the certain damage of government spending to the extent they can. Let California, New York, Illinois and New Jersey pursue a lot in the way of economy and freedom-sapping government so that the federal government has fewer dollars to harm the U.S. economy with. It's certainly odd, but not surprising, that blue state governors would clamor for an enhanced ability to further damage their economies with excessive spending born of high taxes. Much odder is that red states aren't taking the blue states up on an arrangement that to some degree erects a fence around economic foolishness. Red state politicians and their citizens yet again claim the SALT deduction subsidizes high-tax and high-spend blue states. More realistically, it subsidizes the red states that want neither. No doubt blue states see excessive taxing and spending in state as advantageous, and it should be obvious to red staters why: the discredited economic vision of John Maynard Keynes lives on most harmfully in blue states. Their politicians almost to a man and woman buy into the Keynesian notion that government spending grows an economy. Quite the opposite. With full deduction of state and local taxes, what an opportunity for red states to show why Keynes was wrong. Within them there's an underlying understanding that a government that does least does best. Which is yet again why red state politicians and voters should eagerly take the deal being offered from their taxing and spending opposites. The deal implies that blue states will foist more Keynes on their people, the red states quite a bit less. What a deal! Unknown is why red state politicians won't accept such a gift unless, of course, they're more wedded to discredited notions of government waste than their limited government rhetoric suggests.
Yahoo
an hour ago
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Got $3,000? 1 Artificial Intelligence (AI) Stock to Buy and Hold for the Long Term.
This dominant internet enterprise isn't new to artificial intelligence (AI), as it's been working on this technology for decades. The ability to generate extremely huge profits helps fund sizable investments to build out AI infrastructure. Shares trade at a 22% discount to the S&P 500, a deal that shouldn't be overlooked. 10 stocks we like better than Alphabet › The artificial intelligence (AI) boom is showing no signs of letting up. Executive teams want to leverage this technology, while employees are worried about how it could affect their jobs. And then there are investors that continue to look for ways to profit from this trend. Picking the right business could be a boon for your portfolio. If you have $3,000 ready to invest right now, here's one AI stock to buy and hold for the long term. "We will move from mobile-first to an AI-first world," CEO Sundar Pichai of Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) then-Google division said in the company's 2015 letter to shareholders. 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It's working on this technology to not only improve its existing products and services, but to create entirely new tools for users and customers to benefit from. That strategic focus positions it well for the future. Based on these factors, it's understandable if you're starting to think that Alphabet might be the best AI stock to own. However, there are other reasons to appreciate this business and opportunity. Alphabet is in incredible financial shape. Even after sizable capital expenditures of $53 billion were made in 2024, the company still managed to bring in $73 billion in free cash flow. It generates unbelievable earnings that allow it to keep plowing more money into things like servers and data centers. Critics will say that this is wasteful spending, but it's a risk worth taking to ensure the business stays ahead of the curve. The current valuation is also too hard to ignore. As of this writing, shares are trading at a forward price-to-earnings ratio of 17.5. This multiple represents a 22% discount to the overall S&P 500. All this means investing $3,000 in the stock today and holding for the long term is a smart move. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy. Got $3,000? 1 Artificial Intelligence (AI) Stock to Buy and Hold for the Long Term. was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Lodi's budget up 8.35% on rising costs
Jun. 7—The Lodi City Council approved the 2025-26 budget on Wednesday, and staff said the $291 million spending plan reflects an 8.35% increase over last year. The increase was primarily driven by rising staff costs, supplies and materials, staff said. Despite a slowing economy, general fund revenues are expected to see a modest 4.1% increase. "Our budget and finance team has done a great job managing our resources," Mayor Cameron Bregman said. "Because of smart planning and solid reserves, we're in a good spot to handle an uncertain economy without cutting essential services. We'll keep focusing on what matters most — supporting public safety, growing our local economy, and taking care of our proud community." The projected increase in revenues comes from recently approved Parks, Recreation and Cultural Services facility rental rate hikes, as well as an anticipated $560,000 in annual rental income from a new power plant on the south west side of Lodi Lake and $1.7 million of interest income. Reserves will continue to support park improvements, information technology upgrades and vehicle and equipment replacements, staff said. The budget also includes investments in capital infrastructure, deferred maintenance and addressing the city's underfunded pension liabilities. For example, $16.9 million has been allocated to infrastructure projects that include water main rehabilitation, signal improvements at the Ham Lane and Turner Road intersection, security cameras at city parks, the Ham Lane widening project, and transit facility repairs and upgrades. "Operating within a constrained fiscal environment, particularly within the general fund, required deliberate reflection and thoughtful choices to ensure a balanced and responsive plan to sustain our core services," Acting City Manager James Lindsay said. "To align our resources with current market conditions, we implemented a series of mitigations totaling $7.4 million to balance revenue assumptions and expenses." In addition, the budget includes allocating $2.23 million from existing reserves to cover worker's compensation, general liability, and property liability coverage; cutting a proposed $154,000 increase in the Lodi Police Department's part-time budget for pay raises to retired annuitants; reducing department budget requests by about $952,000; and eliminating a proposed $2 million budget for a new facility internal service fund. The 2025-26 draft budget is available online at and the adopted budget book will be available in the coming weeks after approved updates have been completed.
