The new PayPal beat Facebook, Google on this

July 16, 2015 4:52 AM

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Federal Reserve Chair Janet Yellen delivered an upbeat assessment of the U.S. economy in her prepared testimony to the House Financial Services Committee Wednesday, indicating that on their current trajectory "economic conditions likely would make it appropriate at some point this year to raise the federal funds rate target." Equity traders appear to be indifferent, however, as both the Dow Jones industrial average and the broader S&P 500 closed down 0.02% and 0.07%, respectively on Wednesday. The technology-heavy Nasdaq Composite closed up 0.14%.

No one will accuse the folks at S&P Dow Jones Indices of being behind the curve in this instance. eBay Inc. (NASDAQ:EBAY) has yet to complete the spinoff of its PayPal digital/mobile payments division -- the transaction is expected to be completed on Friday -- but the index provider announced after ...

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