>> FOR FINANCIAL MARKETS, JANUARY CAME IN LIKE A LION, BUT GOES OUT LIKE A LAMB. LIVE AT BLOOMBERG HEADQUARTERS IN NEW YORK, I ROMAINE BOSTICK. >> I'M KATIE GREIFELD. WATCHING THE CLOSING, THE BIG NEWS IS PRESIDENT TRUMP NOMINATING KEVIN WARSH AS THE NEXT FED CHAIR. WHAT AN INTERESTING CROSS ASSET PICTURE WE HAVE TO LOOK AT. THE S&P 500 DOWN BY .60%. VERY SLIGHTLY POSITIVE FOR THE WEEK. YOU LOOK AT THE CURVE, INTERESTING REACTION IN THE TREASURY MARKET TRANSLATING INTO YOUR FIVE 30'S CURVE HIGHER BY ABOUT F ...

NEW YORK (AP) — American Express saw its profits grow 13% in the fourth quarter, as the credit card giant continues to benefit from its well-to-do clientele spending heavily on their cards on everything from luxury goods to restaurants to travel. The New York-based company said Friday it earned a profit of $2.46 billion, or $3.53 a share, compared to a profit of $2.17 billion, or $3.04 a share, in the same period a year earlier. The earnings were roughly in line with analysts' forecasts, according to Fact ...

With a looming deadline to preorder the new card, current users face a choice: opt in for a new bank partner and skimpier rent rewards, or see their account converted to a standard Wells Fargo card that offers no housing rewards at all.For points enthusiasts, Bilt 2.0 offers more opportunities to earn points that can be spent on hundreds of dollars’ worth of new statement credits. For the set-it-and-forget-it renter — someone who signed up with Bilt primarily to earn points on their largest monthly bill wit ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Quick Summary A 30-year-old earning $50,000 is doing everything right on paper, freezing cards, paying more than the minimum, negotiating interest rates, yet 25% APR credit card debt is still swallowing most of his payments. When debt, income, and cash flow all collide, talking it through with a financial advisor can help surface what actually moves the needle. You do not need a high income or a finished ...

Quick Read Visa (V) operates at a 65.7% margin and Mastercard (MA) at 59.8%. Capital One earns a 22.9% margin as a card issuer. Americans owe $1.23T in credit card debt to issuers like Capital One with average interest rates exceeding 22%. Cardholders who pay Visa and Mastercard balances in full monthly avoid interest entirely while earning rewards. Investors rethink ‘hands off’ investing and decide to start making real money Dave Ramsey, the personal finance radio host and author, has long compa ...

It was a tumultuous week for investors. President Donald Trump 's threat to increase tariffs on eight European countries for opposing his bid to take over Greenland sent the stock market into a tailspin on Tuesday, with the S & P 500 and Nasdaq posting their worst days since October. Both averages rebounded the next day after Trump announced that the U.S. had reached a " framework of a future deal with respect to Greenland ," and said he wouldn't impose the higher tariffs. Jim Cramer and Jeff Marks, the Inv ...

Core Viewpoint - Guy Spier of Aquamarine Capital has made significant sales in his portfolio during the fourth quarter, reflecting a cautious approach amid high market valuations and recent volatility [2][3]. Group 1: Portfolio Adjustments - Aquamarine Capital's fourth-quarter activity consisted entirely of sales, with no new purchases made [3]. - Spier reduced his stake in Berkshire Hathaway by over 30%, which remains the largest holding in his portfolio, now comprising nearly a third of it [3][4]. - The substantial reduction in Berkshire's stake may be more related to overall market valuations rather than a negative outlook on the company itself [4]. Group 2: Specific Stock Sales - American Express saw a significant stake reduction of around 69%, raising concerns about its valuation at a trailing P/E multiple of 23.6 [6][7]. - Mastercard's stake was trimmed by approximately 39%, reflecting a profit-taking strategy, with its trailing P/E at 34 [9]. - Spier cut his stake in Ferrari by 50%, a timely move as the stock has recently declined by nearly 11% [10].

Tariffs, credit, and software pressureEU Retaliation TariffsEU retaliation tariff headlines are back in focus, reviving trade risk just as markets were trying to stabilize. The concern is not immediate demand destruction, but second-order effects on supply chains and margins, especially in globally exposed names.Industrials and multinationals with European exposure tend to feel this pressure first when tariff narratives resurface.Credit Card APR Caps Begin January 20The credit card APR cap starting January ...

Company Performance - Taiwan Semiconductor (TSM) reported a net profit of NT$506 billion (US$16 billion) for the October-December quarter, marking a 35% increase year-over-year, surpassing analysts' expectations. The company plans to increase its capital expenditure budget to US$52 billion to US$56 billion for 2026, up from approximately US$40 billion last year [4] - Lam Research (LRCX) saw a 6% increase in stock price, with Stifel forecasting a 10% to 15% increase in wafer fabrication equipment spending for calendar year 2026, translating to a year-over-year increase of US$10 billion to US$15 billion, primarily driven by advanced foundry/logic and DRAM [5] Service Disruptions - Verizon (VZ) restored its network services after a nationwide outage that affected over 171,000 customers, primarily due to loss of mobile signal. The company plans to issue account credits to impacted customers [6][7] New Financial Products - Bilt introduced three new credit cards under the Bilt Card 2.0 name, offering a 10% introductory APR for 12 months. The cards are designed to provide rewards on rent and mortgage payments [8][9] - The Bilt Palladium Card has an annual fee of US$495, offering 2x points on everyday spending and a 50,000 sign-up bonus. The Bilt Obsidian Card, with a US$95 annual fee, offers 3x points on dining and groceries, while the Bilt Blue Card has no annual fee and offers 1x points on everyday spending [10][11]

Company Performance - Taiwan Semiconductor (TSM) reported a net profit of NT$506 billion (US$16 billion) for the October-December quarter, marking a 35% increase year-over-year, surpassing analysts' expectations. The company plans to increase its capital expenditure budget to US$52 billion to US$56 billion for 2026, up from approximately US$40 billion last year [4] - Lam Research (LRCX) saw a 6% increase in stock price, with Stifel forecasting a 10% to 15% increase in wafer fabrication equipment spending for calendar year 2026, translating to a year-over-year increase of US$10 billion to US$15 billion, primarily driven by advanced foundry/logic and DRAM [5] Service Disruptions - Verizon (VZ) restored its network services after a nationwide outage that affected over 171,000 customers, primarily due to loss of mobile signal. The company plans to issue account credits to impacted customers [6][7] New Financial Products - Bilt introduced three new credit cards under the Bilt Card 2.0 name, offering a 10% introductory APR for 12 months. The cards are designed to provide rewards on rent and mortgage payments [8][9] - The Bilt Palladium Card has an annual fee of US$495, offering 2x points on everyday spending and a 50,000 sign-up bonus. The Bilt Obsidian Card, with a US$95 annual fee, offers 3x points on dining and groceries, while the Bilt Blue Card has no annual fee and offers 1x points on everyday spending [10][11]