Amex, Amazon Rolling Out Small-Biz Credit Card
Amazon Prime members can choose between a 90-day interest-free period and 5% cash back.
Tax Law Knocks American Express Into the Red
The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.
Rewards Spending Cuts Into AmEx Profit
The company's consolidated expenses rose 21% to $5.8 billion in Q2 as it tried to keep affluent customers from switching to rivals.
AmEx Sales Drop 2% to $7.9B, Beat Estimates
The company has been more aggressively marketing its products and making changes to the Platinum Card to recover from the loss of its Costco partnership.
Companies See Growth Overseas, Despite Post-Election Concerns
Ninety percent of 500 companies surveyed agree international markets offer considerable growth opportunities.
Amex Online Platform Targets Small Businesses
The Amex program, called Working Capital Terms, will offer loans from $1,000 to $750,000.
Synchrony Loss Warning Jars Market
Is a new round of consumer credit losses on the way for financial institutions?
(Specialized) Help Wanted
Around the globe, companies’ hiring plans are targeting their most critical needs, according to a new survey.
AmEx’s Q1 Profit Falls, But Cardholders Spend More
AmEx also added roughly 5.4 million new credit card accounts in the U.S., helping revenue to rise 2% to $8.09 billion.
American Express to Slash $1B in Expenses
The company is combining its banking, risk, and legal organizations into a single group and appointing a new chief risk officer.