American Express reports a 16% increase in third-quarter profits, driven by higher card spending, especially among its wealthiest members.

American Express’ latest update to its high-end Platinum Card, unveiled Thursday, comes with a lot more perks and a lofty annual fee of $895.

Wall Street closed its third winning week in the last four with a quiet finish.

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

American Express’ third-quarter profit topped analysts’ expectations as the credit card company’s cardholders continue to spend, with many holding a balance.

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.

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

Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and that customers have other payment options to shop online.

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.

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

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

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

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.

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

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

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.

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.

American Express’ 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.

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.

American Express’ 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.

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.

American Express launched its own checking account product on Tuesday, a product that will allow its customers to accrue its popular Membership Rewards points the same way they do on its credit and charge cards.

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.

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.

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.

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

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

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. “There was no big public push or pressure to get Marriott and others to announce they would no longer make campaign contributions.

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. “The stimulus and unemployment benefits have definitely helped the lower end of (credit card borrowers),” said Sanjay Sakhrani, an analyst at investment bank Keefe, Bruyette & Woods. In some ways, what’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. “As a result, we do remain cautious about the potential for future shocks to the economy.”One point of uncertainty is how banks are reporting their credit card loans.

JACKSONVILLE, Fla. – As the holidays approach, millions of small businesses across the country are still recovering from the impact of COVID-19. American Express predicts roughly 46% of small business owners are hoping for above-average holiday sales to keep their doors open next year. The company’s annual Small Business Saturday -- following the Black Friday rush -- is this Saturday and encourages people to shop local. According to American Express, 75% of shoppers want to shop local this holiday season after the hard year. For Small Business Saturday, American Express is also encouraging people to show support for small businesses on social media.

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.

Business Wire/American Express(CNN) - The American Express Green Card is turning 50, and it's showing its age, particularly compared to newer credit card rivals with attractive perks. Starting Thursday, the card, now called the Green from Amex card, will become a travel-focused rewards credit card. This marks the first major update for the Green Card since 2002, when American Express first added membership rewards to the card. The most significant change is the Green Card will transition from a charge card to a credit card. The old Green Card's annual fee and lack of meaningful rewards made it among the least-valuable cards on credit card rankings.

Planning a trip that includes a rental car? But she's often confused about whether to add the rental company's insurance to the credit card and personal coverage she already has. For instance, Discover recently stopped offering rental car insurance altogether. For instance, if your personal policy doesn't have collision coverage, you should consider adding the rental car company's. If you are traveling outside the U.S., it's very possible your personal insurance won't cover a rental car.