American Express Company Stock News

War: Bigger Inflation & Recession Shocks, Rate-Hikes Are Smaller Authored by Patrick Hill via RealInvestmentAdvice.com, (The Ukraine War) “means a bigger inflation shock, a smaller rates shock, and a bigger recession shock.” - Bank of America Corp. chief strategist Michael Hartnett, 3-4-22 The war triggers a huge surge in oil prices, consumer sentiment is already falling, and the Fed is likely to raise rates slowly because of the war. We examine how: economic sanctions can cause inflation during wartime, consumer sentiment declining, real retail sales under pressure, GDP is weakening, and a unique oil price ratio to 10 – 2-year bond spread indicates a coming recession. Severe Economic Sanctions Against Russia Enacted After weeks of planning, as the Russian forces massed on the Ukraine border, it became evident to Western leaders that they must act. During the first few days of the war, the European Union and the U.S. set in motion economic sanctions, including freezing significant oligarch assets in western banks, including Vladimir Putin’s assets, freezing four important Russian bank assets in the west, and cutting off Russian access to the inter-banking SWIFT system.

Long before the war in Ukraine, India’s Prime Minister Narendra Modi decided that international card networks could be used as instruments of statecraft — and that he should channel the rising economic power of his country’s 1.4 billion people to resist the dominance of Visa Inc., Mastercard Inc. and American Express Co. “Everyone cannot go to the border for the security of the nation,” Modi said in a 2018 speech. “If you develop a habit of using RuPay card … that will also become a medium to serve the nation.” Like Russia’s Mir and China UnionPay Co., RuPay is a homegrown card network, promoted by the National Payments Corporation of India since 2012. New Delhi has pushed it so aggressively over the last few years that a worried Visa Inc. has complained to the U.S. government about the lack of an even playing field in India, according to Reuters. Mastercard has grumbled as well. Meanwhile, Discover Financial Services’ Diners Club as well as Mastercard and American Express have gotten into regulatory trouble with the Reserve Bank of India over data localization rules.The decision by global card firms to boycott Russia over its invasion of Ukraine may amplify nationalist sentiments.

The American Express Gold Card offers a big welcome bonus, useful monthly credits, and bonus points on restaurants, US supermarkets, and airfare.

The exodus of western brands in response to Russia’s invasion of Ukraine contributes to an existing economic shift The Golden Arches Theory of Conflict Prevention once proposed that no two nations with McDonald’s franchises would go to war; people in those kinds of economies would rather queue for burgers. The thesis was not only crass , but soon disproven. Yet it nodded to a broader truth: that economic ties were drawing countries closer together, creating a global interdependence which would not quickly be undone. Times have changed. On Tuesday, the American fast-food giant suspended its operations in Russia. It is part of a dramatic exodus by international brands – from Uniqlo, Netflix and Chanel to Apple, PwC and American Express – due to Vladimir Putin’s invasion of Ukraine , the western sanctions imposed in response and the public outcry. Shell and BP are selling their Russian assets . Britain and the US are banning Russian oil , while the EU is slowly phasing out gas imports, on which it is heavily dependent.

American Express' (AXP) shares gain on recent dividend hike announcement. The latest move reflects AXP's solid financial position and sincere efforts to reward shareholders.

Whitehead: The Rise Of Global Fascism And The End Of The World As We Know It Authored by John W. Whitehead & Nisha Whitehead via The Rutherford Institute, “This is the way the world ends Not with a bang but a whimper.” - “ The Hollow Men ,” T.S. Eliot Barely three years into the 2020s, and we seem to be living out the prophesies of the Book of Revelation with its dire warnings about plague, poverty, hatred and war. Just as the government hysteria over the COVID-19 pandemic appears to be dying down, new threats have arisen to occupy our attention and fuel our fears: food shortages, spiking inflation, rocketing gas prices, and a Ukraine-Russia conflict that threatens to bring about a world war. Is this the end of the world as we know it? Or is this the beginning of the end of the world? Will the world end with a bang or will it end, as T.S. Eliot concludes, with a whimper ? Robert Frost, torn between a vision of the world ending in fire (the hot flame of violence, anger and greed) or ice (the cold burn of hatred), suggests that either would suffice to do the job .

Polish Ambassador Says Sanctions On Russia Should "Last For A Decade, Maybe 15 Years" Poland’s Ambassador to the United States, Marek Magierowski, wants the new US and EU-led sanctions on Russia which came in the aftermath of its Feb.24 invasion of Ukraine to last for ten or up to 15 years. He described in a live interview with CNN’s Christiane Amanpour on Thursday that the sanctions should "last for a decade, maybe 15 years." Also amid allegations that Russian forces are targeting hospitals, which are similar to claims made in Aleppo during Russia''s prior years'' military action there, Magierowski cited "acts of barbarism in Ukraine" that he called "war crimes, atrocities." Poland’s Ambassador to the US, Marek Magierowski On this point, he said, "I do believe and I am confident that Mr. Putin and his cronies and all his closest aides will end up in the dock, in the Hague, in the International Criminal Court, because this is what he has already fully deserved," according to CNN. Here''s what he told Amanpour in the interview on how long-lasting Russia''s total economic isolation should be: “I think that if we wanted to retaliate for that invasion against Ukraine with punitive measures and by crippling the Russian economy, we have to be determined and ready to uphold the sanctions in a longer term .

Writer Katie Oelker knew she could get more value using her points for flights, but the savings on her family''s vacation made this redemption worth it.

Shares of American Express Co. rose 0.3% in morning trading Thursday, to buck the selloff in its financial peers and the broader stock market, after the credit card and travel-related services company raised its dividend by about 21%. The stock was one of just six of the Dow Jones Industrial Average''s 30 components that was gaining ground. The company said its new quarterly dividend of 52 cents a share, up from 43 cents, will be payable May 10 to shareholders of record on April 8. Based on current stock prices, the new annual dividend rate would imply a dividend yield of 1.23%, compared with the yield for the SPDR Financial Select Sector ETF of 1.74% and the implied yield for the S&P 500 of 1.51%. AmEx''s stock has gained 1.3% over the past three months, while the financial ETF has shed 6.2% and the Dow has lost 8.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Shares of American Express Co. undefined rose 0.3% in morning trading Thursday, to buck the selloff in its financial peers and the broader stock market,…

American Express a annoncé jeudi un relèvement de 20% du montant de son dividende trimestriel, qui va être porté de 43 à 52 cents par action ordinaire - 10/03/2022 15:45

As announced in Q4 earnings results, American Express (NYSE:AXP) declares $0.52/share quarterly dividend, 20.9% increase from prior dividend of $0.43.Forward yield 1.23%Payable May 10; for…

NEW YORK--(BUSINESS WIRE)--The Board of Directors of American Express Company (NYSE: AXP) approved a $0.09 – or approximately 20 percent – increase in the regular quarterly dividend on the company’s common stock. The dividend was raised to $0.52 per common share, from $0.43 cents, payable on May 10, 2022, to shareholders of record on April 8, 2022. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access to products, insights and experie

The "Halftime Report" traders give their top picks to watch for the second half.

On CNBC’s “ Halftime Report Final Trades ,” Brenda Vingiello of Sand Hill Global Advisors said Sherwin-Williams Co’s (NYSE: SHW ) stock has lost 30% year-to-date and the company is “very well positioned.” The news of higher input costs is “already out” and Sherwin-Williams “should have higher volumes as a result of a really healthy market,” she … Full story available on Benzinga.com