Yahoo Finance American Express Profit Rises as Cardholder Spending Jumps
Spending among the New York company’s generally wealthier cardholders holds up despite higher borrowing costs.
Spending among the New York company’s generally wealthier cardholders holds up despite higher borrowing costs.
The excuses being concocted by Australian businesses for not accepting cash are becoming more and more ridiculous.
The bank admits customers in regional Australia face 'unique challenges' and want to protect them as much as possible.
The former U.S. president and Republican presidential candidate secured 36 million shares of Trump Media & Technology Group (TMTG), increasing his stake from 57.6% as of March. Reuters reported last week that Trump would secure a stock bonus worth $1.3 billion from TMTG, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The bonus also reflects the exuberant trading in TMTG's shares, which have been on a roller coaster ride since the company listed on Nasdaq last month through a merger with a special purpose acquisition company (SPAC) and was snapped up by Trump supporters and speculators.
(Reuters) -Australian retailer Woolworths said on Wednesday that it would sell a 5% stake worth A$468 million ($302.84 million) in Endeavour Group, almost three years after spinning out the liquor store and pub operator. The sale will happen via a block trade at a price of A$5.22 per share, Australia's largest supermarket operator said, adding that it would now own about 4.1% of Endeavour, which it spun out as a separate company in 2021. Shares of Woolworths slipped 0.4%, while those of Endeavour were down 5% in early trade.
The move brings CBA in line with NAB, with ANZ now offering the most interest-free days out of the big four banks.
(Bloomberg) -- Bitcoin registered its worst month since the collapse of Sam Bankman-Fried’s FTX empire as the euphoria around US exchange-traded funds for the largest digital asset subsides. Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly,
Oatly Group AB (NASDAQ:OTLY) Q1 2024 Earnings Call Transcript April 30, 2024 Oatly Group AB isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings, and welcome to the Oatly Group First Quarter 2024 Earnings Call. At this time all participants […]
McDonald's (MCD) first-quarter earnings report showcased a combo meal of international headwinds, including global sales growth slowing behind figures from this time last year and boycotts related to the ongoing Israel-Palestine conflict. Additionally, inflation and rising menu prices are taking a toll on lower-income consumers. On the fast-food chain's earnings call, McDonald's CEO Chris Kempczinski stated that "consumers continue to be even more discriminating with every dollar that they spend as they face elevated prices in their day-to-day spending." Placer.ai Head of Analytical Research R.J. Hottovy sits down with Catalysts to discuss whether McDonald's item prices are beginning to price out certain consumer demographics. Placer.ai data found McDonald's to maintain higher monthly foot traffic growth over the past year than its competition. "Right now consumers are really focused on value, and not just discounts. I think that low price point is something that they're certainly focused in on," Hottovy says. "We've seen groups that really market around a low price point, generally a higher visitation trade. And so I think that's what McDonald's may be pivoting to in the future. There's a lot of discussion about future value plans in the US and abroad in the earnings call today. I think that's really going to be a key message..." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African subsidiaries. The world's No. 1 miner is weighing up its next move after its initial $39 billion takeover proposal for smaller rival Anglo was rejected last week. BHP has proposed that Anglo sell its shares in units Anglo Platinum (Amplats) and Kumba Iron Ore as an option to exit the South African assets it doesn't want included in the deal.
(Bloomberg) -- Bitcoin’s tumble is piquing the interest of investors who view pronounced swings in the digital token as a possible precursor for broader changes in risk appetite in global markets.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesJerome Powell Offered Markets a Reprieve. It Vanished in a BlinkThe Ozempic Effect: How a Weight L
As shoppers tightened their belts, the grocery giant said it had experienced a “noticeable shift” in consumers’ behaviours since Christmas.
PayPal executives on Tuesday emphasized plans to reignite growth in branded checkout products that have struggled in recent years as big tech expanded market share, after the payments firm raised its forecast for full-year adjusted profit. The company's stock had struggled last year on fears that the entry of Apple and Alphabet's Google in digital payments could take away a big chunk of PayPal's mainstay business. PayPal's unbranded businesses have grown, but weakness in its branded business such as Venmo has been central to investor anxieties.
The yen was steady at 157.87 per dollar following two days of volatile trade that saw it tumble beyond 160 for the first time in 34 years and then spring back as far as 154.40 in what now looks almost certain to have been intervention by Japanese authorities. The 10-year JGB yield rose 2 basis points to 0.89% as of 0543 GMT on Wednesday, recouping some ground lost the previous day, when it fell as low as 0.865%. Monday was a national holiday in Japan, forcing local investors to catch up with two days of declines for U.S. yields.
Macquarie Bank customers only have a few weeks left to access over the counter services.
(Bloomberg) -- The cocoa market was whipsawed by extreme volatility in the futures market on Tuesday amid a lack of liquidity.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative China Approval for Driving SystemPot Stocks Surge on Report DEA Set to Reclassify MarijuanaAfter more than doubling this year, futures traded in Ne
(Bloomberg) -- Tesla Inc. gave back some of its $82 billion gain in market value as several analysts questioned just how meaningful it is that Chief Executive Officer Elon Musk secured tacit approval to offer driver-assistance features in China.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative China Approval for Driving S
Key Insights British American Tobacco (Malaysia) Berhad to hold its Annual General Meeting on 8th of May Salary of...
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Archer-Daniels-Midland Company (NYSE:ADM) Q1 2024 Earnings Call Transcript April 30, 2024 Archer-Daniels-Midland Company isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Megan Britt: Hello and welcome to ADM’s first quarter 2024 earnings conference call. Our prepared remarks today will be led […]
Just about everyone wants to be a millionaire -- except, of course, the world's 2,781 billionaires. Most will never join the two-comma club, and a simple lack of creative thinking might be what keeps...