AmEx CEO Insists That Recessionary Signals Not Present
American Express CEO Stephen Squeri dismissed concerns of an impending recession, stating that the credit card company has not yet seen a downturn in spending trends to suggest one such change.
This assessment comes after American Express announced its fourth-quarter results. Net sales for the...
Treasures Rise and Stocks Weaken Amid Recession Concerns
Treasures rallied as U.S. stocks fell on Thursday following rising signs of a global economic slowdown. Contracts on the S&P 500 fell by 0.4% after the index fell to its lowest level in a month on Wednesday. Nasdaq 100 futures as well as those...
U.S. Stocks Decline Following Caution of “Earnings Recession”
U.S. stocks declined marginally on Wednesday following corporate financial updates warning of an "earnings recession". This assessment comes after analysts reflected on the government's retail sales report, indicating a slowdown in consumer spending over December 2022.
In response, St. Louis Fed President James Bullard recommended...
American Express CEO on Recession: “I Don’t See It In My Numbers At All”
As you might have heard by now, the U.S. economy has been trending towards recession for several months. However, this prediction isn't unanimous. For example, American Express CEO Stephen Squeri believes the situation isn't as bad as it seems.
American Express recently shared a positive...