American Express Co
American Express CEO says spending is strong, delinquencies are down from 2019
Stephen Squeri, chairman and chief executive officer of American Express Co., speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 10, 2022. Stephanie Keith | Bloomberg | Getty Images American Express CEO Stephen Squeri on Friday said the credit card company saw “good consumer spending” during the holidays […]
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Affirm's stock quintupled this year, beating all tech peers, on buy now, pay later boom
Drew Angerer / Getty Images A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending. Affirm shares ended 2022 down 90%, wiping out billions of dollars in market value. Affirm investors are wrapping up 2023 in a much different mood. The […]
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Etsy stock falls 7% soon after laying off 11% of its staff members, citing 'incredibly demanding' setting
The Etsy web site shown on a laptop. Gabby Jones | Bloomberg | Getty Photographs Etsy is laying off 11% of its workforce at the top of the holiday break period as the e-commerce huge looks to restructure its company and streamline charges in opposition to a “really complicated” macro and aggressive surroundings, the company […]
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The current market is moving into deep overbought territory, and these shares could be owing for a pullback
Selected shares, which includes Cintas and Chipotle Mexican Grill , might be because of for a pullback as the current market hovers close to overbought situations, in accordance to 1 well-known metric. Traders have maintained their optimism in the last handful of months after tame U.S. inflation information for Oct hinted that long run curiosity […]
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As the market enters correction territory, don’t blame the American consumer
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters The initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the […]
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Airport lounges are booming, and everybody wants in
Tourists are flocking to airport lounges in research of complimentary food stuff, drinks and potentially most importantly, a possibility to rest absent from the hordes of tourists at the gate. The difficulty: a good deal of other vacationers are way too. Armed with large-conclude rewards credit score playing cards and clean from decades of huge […]
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Shares producing the greatest moves midday: SolarEdge, Regions Economic, Merck and extra
Check out out the companies creating headlines in midday trading. Schlumberger — The oilfield services stock dropped 2% after 3rd-quarter earnings missed Wall Road expectations. Schlumberger reported $8.31 billion in income for the quarter, underneath the consensus estimate of $8.33 billion from analysts polled by LSEG, previously known as Refinitiv. Also, Schlumberger claimed 78 cents […]
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Stock futures slip as traders eye crucial stage for 10-yr Treasury yield: Dwell updates
Traders on the ground of the New York Stock Exchange on Oct. 12, 2023. Supply: NYSE Inventory futures dipped Thursday night as traders centered on a modern operate better in the 10-calendar year Treasury produce. Futures tied to the Dow Jones Industrial Ordinary were down 33 details, or .1%. S&P 500 futures fell .2%, and […]
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Delta walks back some changes to airport lounge access, loyalty program after customer complaints
Delta’s new SkyClub at John F. Kennedy International Airport in New York. Leslie Josephs/CNBC Delta Air Lines on Wednesday walked back some of the broad restrictions it placed on access to its popular airport lounges and trimmed thresholds to earn elite status after complaints from customers. Delta last month first announced sweeping changes to its […]
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Delta CEO says carrier went ‘too far’ in SkyMiles variations, claims modifications following recurrent flyer backlash
Delta Air Strains Boeing 717-200 plane as noticed on the closing tactic landing at New York JFK John F. Kennedy Worldwide Airport, NYC, Usa. NurPhoto / Contributor Delta Air Traces CEO Ed Bastian claimed the airline will make “modifications” in the future handful of weeks to its loyalty method soon after a not long ago […]
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