Silas Stein | Picture Alliance | Getty ImagesAmerican Express's affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC.Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing down from a 7% growth rate early...
Check out the companies making headlines in midday trading: Verizon Communications — The telecommunications giant saw shares climbing 1.3% after the firm posted its strongest quarterly wireless subscriber growth in five years, boosted by solid demand for its customizable offerings such as myPlan. Verizon reported earnings of $1.10 per...
Twilio CEO Khozema Shipchandler speaks at Twilio's Signal event in Sao Paulo on Aug. 14, 2024.Courtesy: TwilioTwilio shares soared more than 20% on Friday and headed for their biggest gain since the early days of the Covid pandemic after the cloud communications software vendor issued an uplifting profit forecast for...
Check out the companies making headlines before the stock market opens. Boeing — The airplane maker slipped slipped 1.3% after preliminary fourth-quarter financial results reflected ongoing struggles. Boeing said it expects to report a loss of $5.46 per share for the fourth quarter on revenue of $15.2 billion, less...
Shoppers walk into a Burberry store at Fashion Valley, an upscale shopping mall on December 13, 2024 in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesShares of Burberry jumped as much as 16% on Friday after the company reported a shallower-than-expected dip in sales in the...