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WEATHER ALERT

11 advisories in effect for 11 regions in the area

AMERICAN EXPRESS


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American Express agrees to pay more than $138M to resolve investigation into sales and marketing

Read full article: American Express agrees to pay more than $138M to resolve investigation into sales and marketing

American Express has agreed to pay more than $138 million to resolve a wire fraud investigation related to its sales and marketing practices.

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American Express profit rises in Q3 as card members continue to spend

Read full article: American Express profit rises in Q3 as card members continue to spend

American Expressโ€™ third-quarter profit topped analystsโ€™ expectations as the credit card companyโ€™s cardholders continue to spend, with many holding a balance.

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Cardmember spending drives American Express second-quarter profits soaring 39%

Read full article: Cardmember spending drives American Express second-quarter profits soaring 39%

American Express said Friday second-quarter profits jumped 39% as the credit card company benefitted again from a broad increase in cardmember spending as well as more of its customers carrying a balance.

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Documenting the history of American Express as an in-house historian

Read full article: Documenting the history of American Express as an in-house historian

Ira Galtman is part of a small community of corporate archivists.

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Online marketplace eBay to drop American Express, citing fees, and says customers have other options

Read full article: Online marketplace eBay to drop American Express, citing fees, and says customers have other options

Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are โ€œunacceptably high feesโ€ and that customers have other payment options to shop online.

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Small business owners are optimistic for growth in 2024

Read full article: Small business owners are optimistic for growth in 2024

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.

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AmEx rolls out updates to Delta SkyMiles credit cards: What to know

Read full article: AmEx rolls out updates to Delta SkyMiles credit cards: What to know

American Express is rolling out several updates to its Delta SkyMiles credit cards that will give additional benefits to users.

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Some Americans have become saddled with credit card debt as rent and everyday prices remain high

Read full article: Some Americans have become saddled with credit card debt as rent and everyday prices remain high

Noticeable pockets of Americans โ€” renters, and lower- and middle-income borrowers โ€” are running up their credit cards balances, and increasing numbers are falling behind on their debts.

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Morning 4: AmEx tries to win over Delta customers with revamped SkyMiles credit cards -- and more news

Read full article: Morning 4: AmEx tries to win over Delta customers with revamped SkyMiles credit cards -- and more news

Morning 4 is a quick roundup of stories we think you should know about to start your day.

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AmEx tries to win over grumpy Delta customers with revamped SkyMiles credit cards

Read full article: AmEx tries to win over grumpy Delta customers with revamped SkyMiles credit cards

American Express is rolling out several updates to its Delta SkyMiles credit cards that will give additional benefits to users.

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Stock market today: Wall Street closes another winning week by barely moving

Read full article: Stock market today: Wall Street closes another winning week by barely moving

Wall Street closed out another winning week with a quiet Friday, as stocks found some stability after sliding the day before.

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AmEx profits fall as higher spending offset by loan losses

Read full article: AmEx profits fall as higher spending offset by loan losses

American Express said its first-quarter profits fell by 13% from a year ago, despite record revenue in the quarter, as the credit card company had to set aside more than $1 billion for potentially bad loans.

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American Express launches products for small businesses

Read full article: American Express launches products for small businesses

American Express is launching a suite of financial service products for small businesses as it aims build up its presence in the small business sector.

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AmEx profits fall 9% as customers fall behind on payments

Read full article: AmEx profits fall 9% as customers fall behind on payments

American Express saw its first quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans.

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Wall Street ticks higher to close out another strong week

Read full article: Wall Street ticks higher to close out another strong week

Stocks closed higher on Wall Street, marking the market's third winning week in the last four.

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AmEx profits up 3%, but still sets cash aside for downturn

Read full article: AmEx profits up 3%, but still sets cash aside for downturn

Credit card giant American Express said its third-quarter profits rose a modest 3% from a year ago, despite a significant rise in revenue and spending from its cardmembers.

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GOP AGs push Visa, Mastercard, AmEx not to track gun sales

Read full article: GOP AGs push Visa, Mastercard, AmEx not to track gun sales

A group of Republican attorneys general are pushing the major payment networks _ Visa, Mastercard and American Express _ to drop their plans to start tracking sales at gun stores, arguing the plans could infringe on consumer privacy and push legal gun sales out of the mainstream financial network.

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AmEx 2Q profits fall 14% despite higher cardmember spending

Read full article: AmEx 2Q profits fall 14% despite higher cardmember spending

American Expressโ€™ profits fell 14% in the second quarter, the company said Friday, as higher expenses more than offset record spending on its network by its cardmembers.

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Wall Street slumps, still marks best weekly gain in a month

Read full article: Wall Street slumps, still marks best weekly gain in a month

Wall Street gave back some of its strong gains from the week on Friday following discouraging readings on the global economy and another slew of profit reports from big U.S. companies.

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American Express profits fall slightly, but spending jumps

Read full article: American Express profits fall slightly, but spending jumps

American Expressโ€™ first-quarter profits fell roughly 6% from a year earlier, but the company saw a 30% jump in spending on its namesake cards in the quarter as its cardmembers returned to their habits of shopping, traveling and dining.

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Feds: Ex-UAW Treasurer pleads guilty to embezzlement

Read full article: Feds: Ex-UAW Treasurer pleads guilty to embezzlement

Tim Edmunds, the CFO of UAW Local 412, admitted in open court that he diverted more than $2 million from the local account to his own personal funds.

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Mickelson losing corporate relationships over Saudi remarks

Read full article: Mickelson losing corporate relationships over Saudi remarks

Corporate partnerships keep falling for Phil Mickelson in the wake of his shocking comments about Saudi Arabia and his involvement in a proposed super league the Saudis are funding.

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AmEx to offer debit card that will accrue rewards points

Read full article: AmEx to offer debit card that will accrue rewards points

American Express has launched a checking account that comes with a debit card that will allow its customers to accrue its popular Membership Rewards points the same way they do on its credit and charge cards.

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American Express profits jump, as travel, dining normalizes

Read full article: American Express profits jump, as travel, dining normalizes

American Express saw its profits surge last quarter by 70% as Americans and companies pulled out their cards to start traveling, dining out and entertaining as they had done before the pandemic.

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US unemployment claims fall to 360,000, a new pandemic low

Read full article: US unemployment claims fall to 360,000, a new pandemic low

The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession.

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US consumer borrowing surged in May as economy reopened

Read full article: US consumer borrowing surged in May as economy reopened

U.S. consumer borrowing surged by a larger-than-expected $35.3 billion in May as Americans, bolstered by a reopening economy and rising job levels, went back to using credit in a big way.

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Bigger benefits, bigger fee coming to AmEx Platinum Card

Read full article: Bigger benefits, bigger fee coming to AmEx Platinum Card

American Express is upping the benefits โ€” and the fee โ€” on its flagship Platinum Card this month.

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Stocks rise, erasing most of S&P 500's weekly losses

Read full article: Stocks rise, erasing most of S&P 500's weekly losses

Stocks are closing higher Friday, reversing their week-long rut.

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Business grows skittish about Trump and GOP after riots

Read full article: Business grows skittish about Trump and GOP after riots

Businesses are rethinking political contributions in the wake of the deadly Capitol siege by President Donald Trumps supporters on Wednesday, Jan. 6, 2021. Citigroup confirmed Sunday, Jan. 10, 2021, that it is pausing all federal political donations for the first three months of the year. Outside conservative groups, including those affiliated with Republican leadership, were the ones who dropped the lion's share of money that helped him oust former Democratic Sen. Claire McCaskill. Leading business groups such as the National Association of Manufacturers, the Business Roundtable and the U.S. Chamber of Commerce all condemned the insurrection. โ€œThere was no big public push or pressure to get Marriott and others to announce they would no longer make campaign contributions.

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Americans can pay their credit card bills, but for how long?

Read full article: Americans can pay their credit card bills, but for how long?

The coronavirus pandemic hasnt stopped Americans from keeping up with their credit card payments, thanks in large part to government relief programs passed by Congress earlier this year. โ€œThe stimulus and unemployment benefits have definitely helped the lower end of (credit card borrowers),โ€ said Sanjay Sakhrani, an analyst at investment bank Keefe, Bruyette & Woods. In some ways, whatโ€™s going on in the credit card market also reflects the diverging fortunes of those impacted by the pandemic. Credit card executives have for months been bracing for the impact on their customers if there is no new aid. โ€œAs a result, we do remain cautious about the potential for future shocks to the economy.โ€One point of uncertainty is how banks are reporting their credit card loans.

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Asian shares slip on faltering hopes for COVID vaccines

Read full article: Asian shares slip on faltering hopes for COVID vaccines

Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. Tokyo's Nikkei 225 index gained 0.4% to 25,459.13 despite a report that machinery orders fell in September, suggesting weakness in corporate investment. Hong Kong's Hang Seng index fell 0.1% to 26,206.78 and the Shanghai Composite index declined 0.3% to 3,332.24. Markets have been riding a wave of relief over hopes for a potential vaccine to beat back the pandemic. Strategists along Wall Street are raising their forecasts for stock prices on expectations that political control of Washington will remain split between the parties.

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