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American Express Taps Sports Fans With New Fanatics Rewards Card
Simply Wall St.70d agoneutral
American Express Taps Sports Fans With New Fanatics Rewards Card

Fanatics and American Express (NYSE:AXP) are launching a new co branded credit card designed for sports fans. The card integrates Fanatics' digital reward currency, FanCash, with American Express Membership Rewards. The partnership also adds Fanatics as a Membership Rewards transfer partner across its platform. American Express, known for focusing on higher spending consumers and businesses, is now moving further into passion based spending through this Fanatics partnership. By tying card...

Alphabet Pivots From Buybacks to a Massive Stock Offering. What It Means for Shares.
Barrons.com71d agobullish
Alphabet Pivots From Buybacks to a Massive Stock Offering. What It Means for Shares.

Alphabet said it would issue $80 billion of equity, including $10 billion of stock to Berkshire Hathaway as it funds its huge AI computing infrastructure buildout. Alphabet said it plans to issue $30 billion in concurrent underwritten public offerings consisting of $15 billion of mandatory convertible preferred stock and $15 billion in its class A and class C common equity. Another $10 billion of stock will be sold to Berkshire in a private placement.

Bear of the Day: Houlihan Lokey (HLI)
Zacks72d agoneutral
Bear of the Day: Houlihan Lokey (HLI)

Until analysts see stabilization or a pickup in dealmaking or restructuring activity, Houlihan Lokey (HLI) stock is likely to remain under pressure.

American Express Stock at $315: Buy, Sell or Hold?
24/7 Wall St.74d agoneutral
American Express Stock at $315: Buy, Sell or Hold?

At $315, American Express (NYSE:AXP) looks attractively positioned. The stock has lagged while the underlying business accelerated, creating a potential opportunity. American Express runs a closed-loop payments network anchored by premium, fee-paying cardholders. That model produces fatter spreads than open-loop rivals because Amex earns swipe fees from merchants and annual fees from cardholders while underwriting ... American Express Stock at $315: Buy, Sell or Hold?

History of American Express: Company timeline & facts
TheStreet75d agoneutral
History of American Express: Company timeline & facts

There was a time in the late 1950s when American Express (AXP) was a house divided. At issue was whether the financial giant should embrace a new product, with one faction defending the company’s traditional travelers' checks business and another pushing aggressively into the future. One of the ...