PayPal rallies on Amazon partnership

PayPal's stock reaches toward new year-long high on Amazon partnership PayPal's stock price rallied Thursday morning after the company said it inked a new deal with Amazon's Buy with Prime program. The big picture: Shoppers using Buy with Prime, a program that enables customers to buy on third-party merchant sites using their Amazon account, can now use PayPal to make purchases. • Shares rose 3.5% in trading today, hitting their highest point since August 2023 — just before CEO Alex Chriss joined from Intuit. Context: Analysts continue closely watching the...