American Express Co
Delta forecasts more sales growth in 2025 thanks to high-end demand, ‘resilient economy’
A Delta aircraft at the airline’s hangar in Atlanta Leslie Josephs/CNBC Delta Air Lines on Wednesday said sales would grow in 2025, citing a “resilient economy” for strong travel demand and credit card spending, especially for higher-end offerings. It also said it expects to grow earnings in the coming years. Delta forecast revenue growth in […]
Read More
The trendiest gift to give this season? Travel — if you can figure out how
Forget the headphones, the fuzzy slippers and the espresso machine that cranks out a cold brew. Globally, three out of four Gen Zs and millennials said that rather than a physical gift, they want a fun experience or trip this holiday season, according to an Amex Trendex survey. Gift givers are listening too. Half of […]
Read More
Banks are reporting a ten-fold surge in digital scams, cybersecurity firm BioCatch says
Key Points U.S. and Canadian banks reported a ten-fold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm BioCatch. The sharp rise in reported scams comes as banks have put in place more controls to prevent account takeovers and other […]
Read More
Goldman says buy these stocks that are set to benefit most from Trump tax cuts
As Wall Street gears up for President-elect Donald Trump’s return to the White House, one subset of stocks stands to potentially benefit the most from his plan to cut corporate tax rates, according to Goldman Sachs. Trump’s victory reduces the political uncertainty hanging over stocks and serves as a near-term catalyst to help drive equities […]
Read More
Quantifying how much Nvidia will influence the Dow after it joins the storied average
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Nvidia is joining the storied Dow Jones Industrial Average. We learned on Friday the chipmaker would be added to the blue-chip index, ending months of speculation that began in May […]
Read More
Companies brace for Tuesday: Mentions of election surge on earnings conference calls
Voters walk to cast their ballots during early voting in the presidential election at a polling station at the C. Blythe Andrews, Jr. Public Library in Tampa, Florida, U.S., November 1, 2024. Octavio Jones | Reuters Executives at America’s largest companies are talking publicly with investors about the presidential election more so than in recent […]
Read More
Warren Buffett is selling down his stocks. Here are his top 5 holdings
Warren Buffett turned heads as he dumped another big portion of his Apple stake, and here’s where his top holdings stood at the end of the third quarter. Berkshire Hathaway disclosed in its earnings report that approximately 70% of its equity portfolio was concentrated in just five stocks — Apple, Bank of America , Coca-Cola […]
Read More
Jack Dorsey’s payments company Block expands corporate card service to the UK
Key Points Block’s business-focused payments arm, Square, told CNBC it has rolled out it’s Square Card product in Britain. It marks the first time Block has expanded its business card offering outside North America, where it first launched in 2019. The firm will come up against local banking giants like Lloyds and NatWest, as well […]
Read More
UBS sells its 50% stake in Swisscard to American Express
UBS logo is seen at the office building in Krakow, Poland on February 22, 2024. Jakub Porzycki | Nurphoto | Getty Images UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50% stake in credit card provider Swisscard. UBS will sell its 50% […]
Read More
How Liberty Media became one of the world’s most valuable sports empires
Charles Leclerc of Monaco driving the (16) Ferrari SF-23 on track during practice ahead of the F1 Grand Prix of Las Vegas at Las Vegas Strip Circuit on November 17, 2023 in Las Vegas, Nevada. Mark Thompson | Getty Images Sport | Getty Images When Liberty Media Chairman John Malone finalized the $4.4 billion acquisition […]
Read More