American Express Earnings Miss, Revenue Beats In Q3

October 23, 2020

American Express (NYSE: AXP) reported on Friday third-quarter earnings that missed analysts’ forecasts and revenue that topped expectations. American Express announced earnings per share of $1.3 on revenue of $8.75B. Analysts polled by anticipated EPS of $1.33 on revenue of $8.68B. American Express shares are down 15% from the beginning of the year, still

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Goldman Sachs U.S. settlement over Malaysia 1MDB scandal to lift the dark cloud

October 22, 2020

Goldman Sachs Group Inc (NYSE: GS) this week will agree to pay more than $2 billion to settle U.S. charges over its role in Malaysia’s 1MDB corruption scandal, lifting a dark cloud that has hung over the bank for years. Under the agreement with the U.S. Department of Justice and other regulators, the bank will admit

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Google antitrust case to turn on how search engine grew dominant

October 21, 2020

The U.S. government’s antitrust case against Alphabet (NASDAQ: GOOGL) Inc’s Google appears strong, but could face an uphill battle from a business-friendly judiciary that may question whether a free search engine beloved by consumers has actually left them worse off, several legal experts said. Google was accused in the long-anticipated lawsuit filed on Tuesday of

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Walmart cranks up advertising drive, with or without TikTok

October 20, 2020

Walmart (NYSE: WMT) Inc is aggressively expanding its advertising business after years of stuttering progress, even as a proposed deal to buy a stake in video-sharing app TikTok remains stuck in limbo. The world’s largest retailer is making better use of its wealth of shopper data to link promotions on its website and app with

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Oil Prices Slip After China Economic Data; Focus On Opec+ Supply

October 19, 2020

Oil prices fell on Monday after China’s third-quarter economic growth rose came in weaker than expected, underscoring concerns that surging coronavirus cases globally are impacting demand in the world’s largest oil importer. The world’s second-largest economy expanded by 4.9% in the third quarter from a year earlier, missing analyst expectations of 5.2%, government data showed.

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