Browsing Tag
American Express
12 posts
American Express profit rises 28% yet 3,500 jobs are going. What is AXP trying to fix?
American Express raised its 2026 earnings outlook after record third-quarter revenue and resilient affluent spending, yet a plan to eliminate about 3,500 jobs shows management is unwilling to let rising expenses consume the benefits of growth.
Delta Air Lines cuts 2026 EPS outlook despite record $17.6bn September-quarter revenue
Delta Air Lines produced record adjusted September-quarter revenue but cut full-year earnings and free-cash-flow guidance as adjusted fuel expense increased 62%.
Global Business Travel Group (NYSE: GBTG) jumps 57% on $6.3bn Long Lake Management buyout
Long Lake is paying $9.50 cash for Amex GBT. The 1.8 percent spread says the market trusts the deal closes. The harder question is what it signals next.
American Express acquisition of Center set to boost market dominance in expense management sector
American Express (NYSE: AXP), a global leader in payment solutions, has announced plans to acquire Center, a prominent…
Traveling to China? This American Express-Alipay deal will change how you pay!
American Express and Alipay have launched a new initiative designed to simplify digital payments for international travelers visiting…
UBS exits Swisscard joint venture, American Express takes full control
In a major financial move, UBS Group has announced the sale of its 50% stake in Swisscard to…
Warren Buffett just sold more Bank of America stock—should you be worried?
In a stunning shift, Warren Buffett’s legendary Berkshire Hathaway continues to unload shares of Bank of America, raising…
American Express to acquire Tock from Squarespace for $400m
American Express (NYSE: AXP) has reached an agreement to acquire Tock, a leading technology provider for reservation, table,…
Accel-KKR acquires Accertify from American Express to enhance fraud protection technology
Accel-KKR, a technology-focused private equity firm, has successfully completed the carveout acquisition of Accertify from American Express (NYSE:…
Accel-KKR to buy Accertify from American Express in strategic tech sector move
In a significant move in the technology sector, Accel-KKR, a leading technology-focused private equity firm, has announced the…