american express tag. Page 1

American Express Posts Sixth Consecutive Quarter of Record Revenue for Q3 2023

The Q3 figures for 2023 show that American Express pulled in record revenue despite increased expenses especially with customer engagements.

American Express Plans to Use AI in Validating Transactions, Approving Cards and Credit Lines

Artificial Intelligence, News, Technology News

By Ibukun Ogundare May 30, 2023

Currently, the Digital Labs arm of the company is working on utilizing LLMs for analyzing customers’ feedback and inquiries.

AmEx to Hire 1,500 Tech Employees by End of This Year

Business News, News

By Darya Rudz Sep 20, 2022

The jobs AmEx is planning to refill are available for doing remotely, as the company is flexible about the way the staff is performing their duties. Even after the Covid-19 pandemic was over, 40% of AmEx employees chose to work fully online.

Business News, Commodities & Futures, Indices, Market News, News

Stock Futures Rise amid Generally Bleak Market as Goldman Sachs Posts Better-than-Expected Earnings

By Tolu Ajiboye Jul 18, 2022

The stock futures tied to all three major indexes advanced after Goldman Sachs’ latest earnings report came in better than expected.

Business News, Indices, Market News, News, Stocks

Stock Market Outlook Could Be Determined by Incoming Earnings Reports by Companies, Analysts Say

By Tolu Ajiboye Jul 18, 2022

Analysts opine that expected earnings reports could impact investors’ reaction to the stock market after last week’s volatility.

Business News, Indices, Market News, News, Stocks

US Stock Market Takes Plunge as Major Indexes Struggle

By Tolu Ajiboye Jul 15, 2022

The stock market turned up underwhelming numbers on Thursday as talks of a recessionary plunge continue to dominate the financial outlook.

News, Technology News

American Express Files for Metaverse and NFT Trademarks

By Babafemi Adebajo Mar 16, 2022

With this announcement, American Express joins the list of major financial brands to put their foot into the metaverse.

Business News, Market News, News

Two Big Four Firms KPMG and PwC Announce Exit from Russia

By Bhushan Akolkar Mar 7, 2022

KPMG announced that it will completely exit the Russian network in a move to help its Ukrainian colleagues and thus support humanitarian efforts.

Business News, Editor's Choice, FinTech News, News

Russian Banks to Switch to UnionPay as Visa & Mastercard Suspend Operations

By Tolu Ajiboye Mar 7, 2022

Visa and Mastercard’s decision to cut links with Russia has seen Russian banks turn to China’s UnionPay for assistance.

Business News, Indices, Market News, News, Stocks

Dow Jones and Nasdaq Gain 1% Each Ahead of Key Inflation Data

By Bhushan Akolkar Feb 9, 2022

The US stock market turns optimistic by absorbing the rise in Treasury Yield. Wall Street remains on the edge awaiting the CPI inflation data on Thursday.

Business News, FinTech News, Market News, News, Stocks

American Express Rolls Out First Digital-Checking Account to US Customers, AXP Stock Up 3%

By Ibukun Ogundare Feb 9, 2022

American Express hopes to lure millennial and Gen Z users to use its first digital-checking account.

Business News, Indices, Market News, News, Stocks

Dow Jones Closes in Red but Recovers from Tuesday’s Low, Investors Await Fed Meeting Details

By Bhushan Akolkar Jan 26, 2022

Growth stocks continue to stay under pressure as investors await the details of the two-day FOMC meeting. Banks and energy sectors pose recovery.

Business News, Market News, News, Stocks

Banking Stocks Soar as 10-Year Treasury Yield Climbs Signaling Interest Rate Hike

By Godfrey Benjamin Jan 5, 2022

There are other industries billed to benefit from macroeconomic events slated to be introduced this year beyond just the banking stocks as highlighted.

Business News, Investors News, News

FalconX Welcomes American Express Ventures as Its New Investor

By Godfrey Benjamin Dec 17, 2020

The funding from American Express Ventures as well as the other FalconX investors will help position the company to tap into the potential opportunities in the space in 2021.

Business News, Deals News, FinTech News, Market News, News

American Express Set to Purchase SoftBank-Backed Kabbage

By Steve Muchoki Aug 18, 2020

With the deal happening at a time when many businesses are struggling to survive due to the ongoing coronavirus pandemic, American Express is set to largely benefit financially from the acquisition of Kabbage.