Stocks turned mostly lower Wednesday as better-than-expected growth in the second quarter fostered talk of Fed rate hikes.» Read More
Some airline fees, such as premium seats and in-flight Wi-Fi, may be worth the cost.
Stocks finished slightly lower across the board Tuesday after wavering in a narrow range for most of the session as investors remained cautious amid the ongoing "fiscal cliff" discussions in Washington.
Despite lingering economic worries, Small Business Saturday sales data is slightly better than expected. A look at the numbers.
Thousands of small stores across the U.S. will offer their own discounts and promotions to draw holiday shoppers on what's known as Small Business Saturday.
Corporate gift giving has never been trickier. Despite this, the value of gifts given to clients is on the rise.
Compare Gift Cards » 5 Ways Technology Will Change Gift Cards. 1 2 3 4 5 6> The end of plastic?
The Amex and Wal-Mart venture could change what it means for the long-term viability of the prepaid card market’s old guard.
Some major wireless companies are betting big on mobile payments and they are about to find out if their gamble will pay off.
NEW YORK-- Google plummeted almost $80 per share, more than 10 percent, and trading in the stock was halted two and a half hours Thursday after a disappointing earnings report was published ahead of schedule and surprised investors. Google was trading at $754 per share at 12:30 p.m. EDT, then fell almost $20 in a minute after investors saw the report, a draft.
After American Express reported ongoing deceleration in cardmember spending, one analyst is suggesting that investors look elsewhere in the sector for earnings momentum.
Google plunged 9 percent after it accidentally released a weak earnings report hours ahead of schedule. "This is a market that's waiting for a clear catalyst," said Quincy Krosby, market strategist at Prudential Financial. Google's stock dropped $68.19 to $687.30 before trading was suspended.
NEW YORK-- The stock market headed slightly lower on Thursday, following a leap in claims for unemployment benefits and weak results from American Express. The increase suggested that layoffs were increasing, however the Labor Department noted that there were technical reasons behind the swing, mainly delayed figures from one large state, California.
David Darst, Guggenheim Securities managing director, breaks down the numbers on the company's third quarter earnings, and why he downgraded AXP to "Neutral."
THE RESULTS: American Express' net income rose 1 percent in the third quarter to $1.25 billion, or $1.09 per share. That compares with net income of $1.24 billion, or $1.03 per share, in the same quarter last year. BAD LOANS: American Express' delinquency rate was flat compared to the second quarter.
American Express Co. launched a digital payments platform last year aimed at competing with bank debit cards and other prepaid cards. The program, dubbed Serve, allows customers to open an online prepaid account that can be funded using a bank account, an American Express card or another credit card.
CNBC's Mary Thompson reports on the details from American Express' conference call; and Nike, RadioShack and Anheuser-Busch are all announcing that they are cutting ties with cyclist Lance Armstrong, with Mellody Hobson, Ariel Investments president.
Discussing whether Target's latest move will be good or bad for the company's margins, with CNBC's Courtney Reagan & Herb Greenberg, and Burt Flickinger, Strategic Resource Insight Group.
LOS ANGELES-- American Express Co. said Wednesday that its net income rose 1 percent in the third quarter, aided by lower expenses and increased spending by the credit card issuer's customers. In the second quarter, American Express' revenue grew 5 percent from a year earlier.
WINSTON-SALEM, N.C.-- BB&T Corp. says it will create 1,700 new jobs over five years in a large back-office operation near Piedmont Triad International Airport. The bank said Tuesday that it has signed a seven-year sublease to take over a former American Express Co. call center in Greensboro.
ANOTHER UP DAY: Stocks rose for the second day in a row, helped by stronger-than-expected earnings from companies including Mattel and Goldman Sachs. ECONOMIC NEWS: The government said September inflation was low, with most increases because of gasoline prices, which have come down since then.