American Express Co. announced an increase in its provisions for credit losses in the latest quarter. Despite this, executives at the company remain optimistic about the health of credit trends. During the June quarter, American Express reported a net reserve build of $327 million. This, along with higher net write-offs compared to the previous year, led to consolidated … [Read more...] about American Express Boosts Provisions for Credit Losses
Forex News
U.S. Stocks Hold Steady as Dow Jones Extends Winning Streak
The closing bell on Friday marked another day of little change for U.S. stocks. The Dow Jones Industrial Average managed to eke out a 10th straight daily gain, solidifying its longest winning streak in almost six years. However, the Nasdaq Composite ended the session lower, wrapping up its second weekly decline in three. Dow Jones Industrial Average (DJIA) … [Read more...] about U.S. Stocks Hold Steady as Dow Jones Extends Winning Streak
Florida Governor Ron DeSantis Downplays Jan. 6 Attack at U.S. Capitol
Florida Governor Ron DeSantis recently made controversial remarks about the January 6, 2021 attack on the U.S. Capitol, portraying it as a mere "protest" that unfortunate escalated. In an interview on the podcast of comedian Russell Brand, DeSantis dismissed the idea that the attack was an insurrection orchestrated to overthrow the government, stating that it was a narrative … [Read more...] about Florida Governor Ron DeSantis Downplays Jan. 6 Attack at U.S. Capitol
Little Girl Awarded $800,000 in Damages for Hot Chicken McNugget Case
A South Florida jury has recently awarded $800,000 in damages to a young girl who suffered second-degree burns from a hot Chicken McNugget at a McDonald's drive-thru. The incident occurred in 2019 when the girl, Olivia Caraballo, was just four years old. The Legal Battle The family of Olivia Caraballo sought $15 million in damages, but the jury reached its verdict after less … [Read more...] about Little Girl Awarded $800,000 in Damages for Hot Chicken McNugget Case
Stock Performance in Pre-Market Trading
Stock Performance Autoliv Inc. (ALV) displayed a strong performance in pre-market trading, with a 5.7% increase, while Organon & Co. (OGN) saw a rise of 4.2%. Halozyme Therapeutics Inc. (HALO), Comerica Inc. (CMA), and NiSource Inc. (NI) all experienced gains of at least 3%, demonstrating positive momentum. On the other hand, Interpublic Group of Cos. (IPG) and Sirius XM … [Read more...] about Stock Performance in Pre-Market Trading
