Three months ago, Stephen Squeri, president and CEO of American Express, declared a worldwide “economic free fall” due to the coronavirus. Its second-quarter earnings show just how far the decline has been. The card brand reported Friday that its second-quarter net income was $ 257 million, a drop of 85% …
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The New York Senate passed a bill on July 22, 2020 establishing a 90-day grace period for consumers to redeem their credit card rewards if they close or modify their existing accounts, making it easier for anyone who want to close a credit card to cash in their earnings The …
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Text size The second-quarter earnings season speeds up this week, with 78 S&P 500 companies on deck to report. Halliburton and IBM publish their results first on Monday, followed by Coca-Cola, Lockheed Martin, Texas Instruments and United Airlines on Tuesday. Tesla, Microsoft and Chipotle Mexican Grill are the best moments …
Read More »Image: Photographer Milan Ilic (Shutterstock) The COVID-19 outbreak has had a devastating impact on the American economy. While employers added a promising number of new jobs last month, unemployment is still in the double digits. Although Congress has passed three economic stimulus packages—With a total of almost $ 3 billion …
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Mastercard Inc. is making a bigger bet on open banking as consumers seek to use their banking and financial credentials with more online services. The company announced Tuesday that it plans to acquire Finicity, an open banking company, for $ 825 million, with an additional profit of $ 160 million …
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