The CFO of American Express said that consumer spending trends remain strong, despite acknowledging “mixed signals” in the economy. AmEx reported a 21 percent rise in cardmember spending in the previous quarter, as the goods and services and the travel and entertainment categories witnessed growth. The financial services company posted on Oct. 21 better-than-expected earnings…

A gun control advocacy group is seeking to make credit card companies flag “suspicious purchases” of firearms, suggesting that restricting such activities might end up saving lives. “The shooters in at least five mass shootings have stockpiled guns and ammo using credit cards and killed 145 people. @Visa, @Mastercard, @americanexpress have the power to flag…

NEW YORK—American Express’ profits fell 14 percent in the second quarter, the company said Friday, as higher expenses more than offset record spending on its network by its cardmembers. AmEx had profit of $1.96 billion, or $2.57 a share, down from $2.28 billion, or $2.80 a share, in the same period a year earlier. That…

American Express announced on Sunday it is suspending its services in Russia. In a memo, company chairman and CEO Stephen J. Squeri said, “In light of Russia’s ongoing, unjustified attack on the people of Ukraine, American Express is suspending all operations in Russia.” The suspension extends to neighboring Belarus. “Globally issued American Express cards will no…

Credit card company American Express said Tuesday that its fourth-quarter profits rose 20 percent from a year earlier, as eager consumers spent record levels of money during the holiday season on the company’s namesake cards. AmEx posted a profit of $1.72 billion, or $2.18 a share, up from $1.44 billion, or $1.76 a share, a…

LA QUINTA, Calif.—Hudson Swafford thought about his late father Sunday at PGA West in his second victory in The American Express in five years. “I had a couple of moments where I looked up and knew that he was following and knew that he was there,” Swafford said. “I could just hear his voice saying,…

American Express reports latest earning results, revenue fell last quarter but its net income rose, what helped? Crypto chaos ensues. Bitcoin drops to its lowest level since last month. And it’s not alone. The CEO of an exchange in Turkey flees the country and might have taken billions of dollars with him.