All articles tagged with #american express
American Express plans to build a new, state-of-the-art global headquarters at 2 World Trade Center, reinforcing its long-term commitment to Lower Manhattan and signaling continued investment in New York City's financial district.
Card-network stocks, including Mastercard, Visa and American Express, fell after a Sunday research report revived fears that stablecoin-based technology could bypass traditional payment networks, with Mastercard slipping about 0.4% in early trading as concerns about AI-driven disruption resurfaced.
American Express is shifting marketing dollars to its refreshed Platinum card with an $895 annual fee to attract high-spending customers, part of a broader strategy aligned with a K-shaped economy where the wealthy spend more while others pull back. The company reported 4Q results that missed consensus partly due to Platinum refresh costs, with new card accounts at 2.9 million at year-end (the lowest in five quarters). Luxury categories showed solid growth (luxury retailers +15%, business/class airfare +9%, luxury hotel +12%), while overall earnings per share came in at $3.53, a penny below expectations; shares fell about 3.5%.
Teenage Blades Brown fired a 12-under-par 60 in the second round of The American Express at PGA West in La Quinta, Calif., narrowly missing a 59 and tying Scottie Scheffler for the 36-hole lead.
18-year-old Blades Brown shot a Nicklaus Course record 60 at PGA West to tie Scottie Scheffler for the American Express lead, in a whirlwind week that moved him from the Korn Ferry Tour in the Bahamas to the PGA Tour, with the potential to make history by playing eight rounds in eight days and chase a payout and major invitations.
Preview of the 2026 American Express at PGA West highlights a short, high-variance setup where three-course rotation and water hazards favor precise putting. The piece lays out a diversified betting card: 3.5 units on outrights at roughly 25-1 odds across a mix of veterans and up-and-coming players (including Patrick Cantlay, Min Woo Lee, Justin Rose, Ryan Gerard, Nick Taylor, Max Homa, Sami Valimaki, and others) and 1.5 units on placements, plus select top-20 props and an OAD pick (Cantlay). It notes the event’s propensity for longshots and the strategy of avoiding first-round leaders/matchups due to course rotation, making this a potentially rewarding but high-variance week.
Golf betting preview: Wes Reynolds breaks down The American Express on the PGA Tour, offering picks, best bets and odds for the 2026 Southern California event.
American Express reported better-than-expected earnings driven by strong demand for its revamped Platinum card, which doubled its US account acquisitions and included new perks and a higher fee. The company raised its full-year revenue and earnings guidance, with increased customer engagement and improved credit quality, despite higher expenses and competitive pressures.
The American Express Platinum Card, with an $895 annual fee, now offers over $2,800 in perks including extensive lounge access, travel credits, elite status, and bonus points, making it a valuable option for frequent travelers who can maximize its benefits, though it may not be suitable for infrequent travelers or those not utilizing its credits.
American Express has added new quarterly and monthly credits to its Platinum and Business Platinum cards, offering up to $238 in potential savings before the end of September. New cardmembers can apply now to receive instant card numbers, enroll in benefits, and maximize credits for Lululemon, Resy, Uber, and more, while existing members should activate these benefits to ensure they receive the credits. Acting quickly can help maximize value and offset the increased annual fee.
American Express has upgraded its Platinum Card with new perks worth approximately $3,500, including a $400 dining credit, a $600 hotel credit, and other benefits, while increasing the annual fee to $895, aiming to justify the higher cost with enhanced value.
American Express is raising the annual fee for its Platinum card to $895, adding about $1,500 in potential perks such as dining credits, Lululemon spending, hotel benefits, and entertainment credits, aiming to maintain its competitive edge in the premium credit card market.
Dow Jones futures rose modestly after the Fed's rate cut, with mixed market reactions; Nvidia declined amid China chip restrictions, while Meta showcased new AI smart glasses; American Express broke out, and the market remains near record highs, prompting cautious optimism for investors.
American Express exceeded expectations in Q2 with $416.3 billion in billed business driven by strong spending from affluent customers, and reported a 9.3% increase in revenue to $17.9 billion. The company remains optimistic about full-year growth despite increased expenses and competitive pressures in the premium card space, and continues to invest in attracting younger customers.
American Express exceeded profit expectations in Q2, driven by strong spending from affluent customers, despite increased competition and economic uncertainties, highlighting its resilience and focus on high-end clientele.