Markets continue to trend higher, with the Dow Jones Industrial Average now on the longest win streak in history. The Nasdaq index is up 35% on the year, with the S&P 500 up nearly 20% since Jan. The
American Express spending on travel is growing in the double-digit percentages. The company has a customer base that should spend money throughout the credit cycle, making it more recession resistant.
The "Halftime Report" traders give their top picks to watch for the second half.
The earnings-fueled stock market rally continued at midday on Monday, July 24, 2023.
American Express Co. has ridden strong growth in millennial spending lately, but one analyst worries the company's exposure to younger customer bases will soon come back to bite it.
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American Express posted record revenue, but it still came up short of forecasts as network volumes growth slowed after several quarters of double-digit percent growth.
The S&P 500 was little changed on Friday, July 21, 2023, but posted gains for the week on strong corporate earnings reports.
American Express (AXP) Q2 results reflect continued business momentum from record card member spending and improving credit performance.
Lisa Ellis, MoffettNathanson senior analyst, joins 'The Exchange' to discuss consumer spending trends, pessimism about American Expresses after a revenue miss, and the health of U.S. consumer spending
American Express said on Friday it took in a record $15.1 billion over the second quarter as card members spent more on its credit cards. Its results beat Wall Street estimates.
U.S. equities were up at midday on Friday, July 21, 2023 and on track for a winning week, powered by strong earnings news.
American Express Company (NYSE: AXP) says continued demand for travel and entertainment pushed spending to a record high in the second quarter. Its shares are still down roughly 5.0% this morning.
American Express Co. boosted its provisions for credit losses in the latest quarter, though executives anticipate credit trends will remain healthy.
Shares of the credit card and services giant American Express NYSE: AXP are trading lower by as much as 5.5% during Friday's trading session, scaring some investors and exciting some as well; patient
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