markets

Tom Jones10/28/25

PYPL leaps after signing OpenAI deal, enabling users to check out instantly using PayPal within ChatGPT

PayPal soared almost 15% at one point in premarket trading on Tuesday, after the online transactions giant announced it had signed a deal with OpenAI, enabling instant checkout on the chatbot for millions of users.

The deal — which was signed over the weekend and will reportedly go into effect next year — will also see PayPal connect tens of millions of merchants with OpenAI, allowing massive companies and independent sellers alike to integrate their businesses into ChatGPT in 2026. The agreement makes PayPal the first payments wallet in ChatGPT, per CNBC.

In the press release announcing the new partnership, PayPal CEO Alex Chriss confirmed:

“By partnering with OpenAI and adopting the Agentic Commerce Protocol, PayPal will power payments and commerce experiences that help people go from chat to checkout in just a few taps for our joint customer bases.”

The agreement will also see PayPal expand its use of OpenAI tech at a corporate level, opening up ChatGPT Enterprise to its almost 25,000 employees and enabling some to use other software and APIs.

Even with the rise, which has been pared back a little at the time of writing, PayPal is still down about 10% so far this year.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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