Latest American Express Co News
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Alphabet Inc., down $1.92 to $154.09. Google says it will combine several divisions as it focuses on integrating artificial intelligence more widely throughout the company. ...
American Express profits jump 34%, helped by jump in new customers, higher spending
NEW YORK (AP) — Credit card giant American Express posted a 34% jump in its first quarter profits on Friday, helped by more customers spending on its namesake cards as well as more customers keeping a balance on the cards. The New York-based company said it earned $2.44 billion in...
American Express: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — American Express Co. (AXP) on Friday reported first-quarter profit of $2.44 billion. The New York-based company said it had net income of $3.33 per share. The results topped Wall Street expectations. The average estimate of 12...
Hotels where baseball fans can score cool perks, save some money
With baseball season in full swing, it’s time for fans to make their game-day plans. For those traveling to the game, that can require finding a hotel to serve as a home base. After all, sports and travel go together like peanuts and Cracker Jack. According to an American Express...
Airfares were already dropping. Here’s why they could go even lower in 2024
Inflation has hit most of the economy, but that’s hardly the case with airfare. Not only are airfares down 6% year-over-year based on January 2024 prices, but they’re even down 15% versus a decade ago. That’s according to consumer price index data from the U.S. Bureau of Labor Statistics...
Small business owners are optimistic for growth in 2024
NEW YORK (AP) — While it seems increasingly unlikely the U.S. economy is headed for recession, small businesses still face headwinds like higher costs and difficulty retaining qualified workers. But owners say they're optimistic as 2024 gets underway, according to a new survey from...
Amazon joins 29 other 'blue chip' companies in the Dow Jones Industrial Average
Amazon.com Inc. is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: The Dow Jones Industrial Average. The e-commerce pioneer will officially take its position among the 30-company Dow before the open of trading Monday, replacing drugstore operator...
Americans' reliance on credit cards is the key to Capital One's bid for Discover
NEW YORK (AP) — Americans have become increasingly reliant on their credit cards since the pandemic. So much so that Capital One is willing to bet more than $30 billion that they won't break the habit. Capital One Financial announced Monday that it would buy Discover Financial...
Capital One's bid for Discover carries expectation that Americans won't slow credit card use
NEW YORK (AP) — Capital One Financial is betting that Americans will keep shopping and use a credit card to pay for their purchases at stores and on the internet. Capital One announced Monday that it would buy Discover Financial Services for $35 billion. The combination could...
Capital One to buy Discover for $35 billion in deal that combines major US credit card companies
NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card companies as well as potentially shake up the payments industry, which is largely dominated by Visa and Mastercard. ...
