Business & Markets — August 28, 2026

Stripe group abandons PayPal bid. Stripe and buyout firm Advent are no longer pursuing their roughly $50 billion acquisition of PayPal, walking away from one of the year's biggest fintech deals.

The report, carried by Engadget, describes the collapse of what had ranked among the largest fintech transactions of the year, a takeover valued at about $50 billion. The account does not specify why Stripe and Advent stepped back, whether negotiations could restart, or how PayPal responded, leaving the reasons for the withdrawal and any next steps for either side unclear.

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Global shares rise on Nvidia results. World markets mostly gained after Nvidia's upbeat results lifted U.S. tech stocks, with Tokyo's Nikkei climbing to 66,405 and Wall Street moving toward record territory.

According to Yahoo Markets, Nvidia's earnings did more than lift its own shares; the results reignited a broader rally across technology stocks that had helped pull U.S. indexes back toward record levels. The gains extended beyond Wall Street, with Tokyo's benchmark among the overseas markets advancing, suggesting investor sentiment tied to the chipmaker's performance is shaping trading well outside the United States.

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Tariff refunds skip consumers. U.S. companies are recouping billions in tariff refunds after a Supreme Court ruling, but consumers who paid higher prices may never see that money back.

NPR reports the refunds flow from a Supreme Court ruling, meaning companies that paid the tariffs are the parties legally entitled to recover the money. The gap arises because import duties are collected from businesses, which passed costs to shoppers through higher prices; the report indicates there is no comparable mechanism to route recovered funds back to those consumers, so the billions being returned stop at the corporate level.

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