More and more gas stations are seeing cash as king. They’re advertising lower pump prices if you pay with cash or debit instead of credit. This is a trend that could soon expand to other retailers — if they continue to get their way in court and on Capitol Hill.
With all these frantic credit card merchants beseeching me these days, I feel as if I’m a tourist wandering the Marrakesh souk. “Joseph! Last chance to earn 35,000 bonus miles!” implores a new e-mail message from Delta Air Lines for its Gold Delta SkyMiles credit card from American Express. But which travel credit card is best?
The Spectrum Pharmaceuticals growth party is over.
Take a look at some of Monday’s morning movers:
Consumers love their credit cards, and KBW loves Alliance Data Systems.
Take a look at some of Thursday’s morning movers:
Stocks eased off their worst levels but still finished lower Wednesday, led by materials and energy, amid worries over weakness overseas.
Stocks closed at session highs Monday, logging their best one-day rally in almost two weeks, boosted by Ben Bernanke's earlier comments that the Fed may continue its easy monetary policy if the jobs market continues to show signs of weakness. Stocks are on track to post their best quarter since 1998.
JPMorgan Chase is copying every move of American Express in its bid to court affluent consumers, a strategy that recently subjected the bank to a bit of ribbing from a top executive at the credit card company.
Stocks eased off their best levels in the final minutes of trading Monday but still managed to eke out a small gain, following a sharp rally from the previous week.
Despite their gains, Visa and MasterCard still lag behing the sector's rally.
The discipline mid-size companies have developed since the financial crisis to maintain and grow cash reserves bodes well for future growth. That’s one takeaway from a new American Express/CFO report, which surveyed 325 senior finance executives about their top financial challenges.
Industry analysts and academics question the move by some of the nation’s biggest financial firms, emboldened by stress test results, to begin doling out billions of dollars in dividends, the New York Times reports.
It's no big surprise that most U.S. banks made it through the recent stress tests, according to analyst Meredith Whitney, who told CNBC the stocks are still oversold and better buys than their smaller competitors.
Wall Street struggled for direction Wednesday as traders remained unconvinced by Federal Reserve assurances that the biggest banks would be able to resist a sharp economic downturn.
In February, Warren Buffett made waves when he explained why an IBM share lull would benefit his $10.3 billion stock holding. After Wells Fargo and Bank of America passed Tuesday’s Federal Reserve stress tests, Buffett’s point may also apply to his biggest bank investments.
Treasury yields are again rising this morning, with the 10-year at 2.188 percent, the highest since October. The dollar is at the highest level in over six weeks. This, of course, is the Fed's worst nightmare...an improving economy...with a little inflation from gasoline...igniting a dramatic move out of bonds and into...stocks and, possibly, corporate bonds. Remember: the Fed has said they would keep rates low until 2014.
Stocks opened modestly higher Monday as investors prepared for a Federal Reserve meeting later this week and a fresh round of debt auctions.
Since March 2009, the Dow Jones Industrial Average has recovered about 84 percent of its losses during the financial crisis, while the S&P 500 index has erased about 78 percent of its bear-market losses.
Just a few weeks after Twitter announced it’ll allow anyone to buy ads, starting with American Express small businesses, it's partnering with AmEx again, this time to turn everyday cardholders into marketers, in exchange for discounts.