This is the real reason why American Express gives out such big rewards

This is the real reason why American Express gives out such big rewards

Armed with impressive rewards and a loyal customer base, AmEx is a giant in the credit card industry. The company’s revenue is up more than 32% since 2017, adjusted for inflation, and the company’s stock has shown resilience and growth in a tumultuous market. “Discount revenue,” or fees charged to merchants who accept their cards, … Read more

Energy giants break annual profit records

Energy giants break annual profit records

US President Joe Biden previously singled out Exxon Mobil because it made “more money than God” last year. Brandon Bell | Getty Images Some of the world’s largest oil and gas companies are on the cusp of record annual profits and extraordinary earnings after a year of volatile fossil fuel prices amid Russia’s attack on … Read more

Stock futures are trading lower after the Dow posts a five-day profit streak

Stock futures are trading lower after the Dow posts a five-day profit streak

A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell Friday morning as investors looked forward to earnings and economic reports due later in the day. Futures linked to the Dow Industrial Average fell 42 points, or … Read more

Stock futures are trading lower after the Dow posts a five-day profit streak

Stock futures are trading lower after the Dow posts a five-day profit streak

A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell Friday morning as investors looked forward to earnings and economic reports due later in the day. Futures linked to the Dow Industrial Average fell 42 points, or … Read more

Wagner group: US introduces new sanctions against Russian mercenary group

Wagner group: US introduces new sanctions against Russian mercenary group

CNN — The US Treasury Department on Thursday designated the Wagner Group, a Russian private mercenary organization heavily involved in the war in Ukraine, as a major transnational criminal organization, imposing a slew of sanctions on a transnational network that supports it. The U.S. State Department simultaneously announced a number of sanctions designed to “target … Read more

S&P 500 Rises After Strong GDP Report, Nasdaq Jumps Nearly 1% on Tesla Results

S&P 500 Rises After Strong GDP Report, Nasdaq Jumps Nearly 1% on Tesla Results

The Nasdaq Composite rose Thursday as fourth-quarter gross domestic product beat expectations and investors analyzed the latest string of corporate earnings. The tech-heavy index rose 0.8%, while the Dow Jones Industrial Average traded 23 points, or 0.1% higher. The S&P 500 rose 0.4%. GDP data released Thursday shows the economy grew at an annualized rate … Read more

Asia-Pacific Markets, Trade Data, Bank of Japan

Asia-Pacific Markets, Trade Data, Bank of Japan

Hyundai reports great profit in the fourth quarter Hyundai Motor posted net profit of 1,710 trillion won ($1.4 billion) for the fourth quarter ended December, up 143.8% year-on-year. Despite the great results, the reading was still shy of Refinitiv’s forecast of 2.5 trillion won net profit. The figure also marks a 21.1% growth compared to … Read more

McDonald’s, In-N-Out and Chipotle are spending millions blocking pay raises for their employees

McDonald’s, In-N-Out and Chipotle are spending millions blocking pay raises for their employees

New York CNN — California voters will decide next year on a referendum that could overturn a groundbreaking new state law that sets working conditions and minimum wages of up to $22 an hour for fast food workers in the nation’s largest state. Chipotle, Starbucks, Chick-fil-A, McDonald’s, In-N-Out Burger and KFC owner Yum! Brands donated … Read more

Germany approves long-awaited delivery of Leopard 2 tanks to Ukraine as US finalizes plans to send Abrams

Germany approves long-awaited delivery of Leopard 2 tanks to Ukraine as US finalizes plans to send Abrams

CNN — Germany confirmed it will send a long-requested contingent of Leopard 2 tanks to Ukraine as a major sign of support for Kiev, which is expected to be matched by the United States. The announcement by Chancellor Olaf Scholz on Wednesday, coupled with an expected US decision to send about 30 M-1 Abrams tanks … Read more

Der Spiegel reports that Germany is ready to send Leopard 2 tanks to Ukraine

Der Spiegel reports that Germany is ready to send Leopard 2 tanks to Ukraine

CNN — Germany plans to send its sought-after Leopard 2 tanks to Ukraine to bolster the country’s war effort, Der Spiegel reported Tuesday night, according to unnamed sources. German Chancellor Olaf Scholz has decided to deliver the main battle tanks after “months of discussion,” the German news outlet’s exclusive report said. The German parliament will … Read more