@Gemini The Gemini Credit Card is issued by WebBank. All qualifying purchases under the 4% category earns 4% back on up to $300 in spend per month (then 1% thereafter). #geminipartnerhttps://t.co/8BV9dvzBHU ...

Group 1 - American Express Company (NYSE:AXP) reported a "monster quarter" with robust spending among younger consumers and solid credit metrics [1] - The company has broken its post-earnings losing streak, with fantastic results and strong overseas business performance [1] - American Express raised the low end of its full-year sales and earnings guidance, indicating improving credit metrics, with only 1.3% of card members' loans and receivables being 30 days past due [1]

Does America's hapless Democratic Party have a new leader in the November issue of Bloomberg Businessweek. We sit down with California Governor Gavin Newsom and it tells us why he's leading the redistricting fight with Proposition 50, a ballot initiative that will redraw congressional districts in his state. It just may counter Republican attempts to gerrymander Texas and tip the scales in the midterm elections.Newsom also discusses the art of the troll, how he's mischievously tweeting and podcasting, his o ...

Core Concept - Mesa Points is a loyalty program designed for homeowners, allowing them to earn points on mortgage payments, home-related purchases, and everyday spending, with flexible redemption options [4][5][53] Group 1: Program Overview - Mesa Points is primarily linked to the Mesa Homeowners Card, which rewards homeowners for various spending categories [4] - The program allows points to be earned on mortgage payments, groceries, gas, and other home-related expenses [4][22] - Points can be redeemed for flights, hotels, mortgage credits, gift cards, and statement credits, providing versatility for users [4][26][53] Group 2: Earning Points - Users can earn points through multiple avenues, including using the Mesa Homeowners Card and referring friends [15][25] - The Mesa card offers a welcome bonus for new cardholders, enhancing initial points accumulation [16] - Points earning structure includes 3x points on home and family expenses, 2x points on everyday expenses, and 1x point on mortgage payments [22][24] Group 3: Redemption Options - Mesa Points can be redeemed for mortgage credits at a value of 0.8 cents per point, which is convenient for homeowners [29][55] - Points can also be transferred to airline partners, potentially yielding higher values, especially for premium cabin flights [32][55] - The travel portal allows booking flights and hotels directly, typically offering a value of around 1.25 cents per point [46][55] Group 4: Comparison with Other Programs - Mesa Points is unique in allowing direct mortgage redemptions, unlike competitors such as Bilt Rewards and Chase Ultimate Rewards [49][50][52] - While Chase offers broader transfer networks, Mesa Points specifically targets homeowners, providing tailored rewards for their spending [50][52] Group 5: Additional Features - Mesa Points do not expire as long as the account remains active, ensuring long-term value for users [47] - The program includes various credits and perks, such as annual credits with Thumbtack, Lowe's, and Wag! [22][24]

Market Overview - The fourth year of the bull market begins with skepticism and disbelief among investors, which has characterized the entire market run [1][2] - Despite negative sentiment, buying the dips has proven profitable for investors over the past 45 years [2] - The Dow gained 238 points, the S&P 500 advanced 5.33%, and the Nasdaq climbed 0.52%, indicating strong market performance despite initial concerns [3] Earnings Reports and Expectations - Upcoming earnings reports are expected to exceed expectations, with key companies reporting throughout the week [6] - Cleveland Cliff's report is anticipated to provide insights into the real economy's performance [6] - American Express reported a strong quarter, which may positively influence other credit card companies like Capital One [10] Sector Insights - Coca-Cola is expected to deliver consistent results, while GE Aerospace is projected to surprise positively due to maintenance services for aircraft [8] - 3M and Danaher are also expected to report strong earnings, with Danaher potentially recovering from a previous downturn [9] - Tesla's upcoming report is anticipated to focus on self-driving technology rather than car sales, which may appeal to investors [12] Economic Indicators - The Bureau of Labor Statistics is expected to release a CPI report, with a number below 3% being significant for the market and Treasury yields [18] - Procter & Gamble's earnings report is highly anticipated, with expectations of a strong performance following recent stock price recovery [19] Conclusion - The market is expected to continue its upward trajectory as earnings reports drive stock performance, with a focus on individual company results rather than index performance [20][22]

Group 1: Trade Relations and Tariffs - President Trump indicated a softer stance on China tariffs, stating that a 100% tariff on China is not sustainable and confirming a meeting with Chinese President Xi Jinping in two weeks [1][5][9] - The U.S. is reportedly preparing to ease tariffs on the auto industry, with a potential five-year extension allowing automakers to reduce tariffs on imported car parts, which could alleviate the $10 billion in duties already paid this year [2][24][25] Group 2: Banking Sector and Credit Risks - Regional banks, such as Zions and Western Alliance, reported significant losses due to fraud related to loans for distressed commercial mortgages, leading to market sell-offs and increased credit risk concerns [3][11][10] - The VIX index spiked, indicating heightened market volatility, while the yield on the 10-year Treasury fell below 4% for the first time since April [3][31] Group 3: Earnings Reports and Market Reactions - American Express reported better-than-expected earnings with record revenue of $18.4 billion, raising its full-year revenue growth outlook to between 9% and 10% [4][28] - Despite initial market jitters, stock futures recovered slightly due to President Trump's optimistic comments on trade, with the Dow indicated to open in positive territory [5][8] Group 4: Commodity Market Movements - Gold prices continue to rise, nearing record highs, while Bitcoin has seen a significant decline of 8% over the past five days, trading around $15,000 [16][19][22] - Oil prices have decreased, leading to the lowest gas prices since January, influenced by geopolitical factors involving Russia and Ukraine [20][21]

Core Viewpoint - Rakuten is considering an initial public offering (IPO) in the United States for its credit card business, which is one of Japan's largest, amid rising competition and market dynamics [1][2]. Group 1: IPO Considerations - The potential U.S. IPO of Rakuten Card was influenced by rival SoftBank's plans to list PayPay in the U.S. [2] - The discussions regarding the IPO are in early stages, with alternative options including a stake sale to a strategic buyer [1][2]. Group 2: Business Valuation and Stake Acquisition - Mizuho Financial Group acquired a 15% stake in Rakuten Card for 165 billion yen ($1.1 billion), valuing the business at over 1 trillion yen ($7 billion) [3]. - Institutional investors anticipate a baseline valuation of 2 trillion yen for PayPay, with expectations that it could exceed 3 trillion yen during its IPO [3]. Group 3: Importance of Credit Cards to Rakuten - Credit cards are central to Rakuten's business model, which includes online shopping, banking, and travel services, allowing customers to earn loyalty reward points [4]. - Rakuten Card has issued over 30 million credit cards in Japan, with a non-GAAP operating profit growth of 20% to 62 billion yen last year, although it faced a 4.5% decline in the April-June quarter of this year due to increased costs [6]. Group 4: Market Context - The global IPO market is experiencing a resurgence, with the U.S. market having its busiest quarter since Q4 2021, raising $24 billion through first-time share sales in Q3 [7].

COMMENT: Cardholders can earn as much as 4% back in bitcoin, with rewards tied to their balance and membership level.BSCN (@BSCNews):COINBASE AND AMERICAN EXPRESS TO LAUNCH BITCOIN REWARDS CREDIT CARD IN THE U.S.- @Coinbase is teaming up with American Express to roll out a new Bitcoin rewards credit card in the U.S. later this year, per CoinDesk.- The card, designed for Bitcoin purists, blends traditional https://t.co/uOPurPjsqv ...

Core Insights - The article discusses strategies for maximizing cash back rewards from credit cards, emphasizing the importance of selecting cards that align with individual spending habits and understanding the potential pitfalls of chasing rewards. Group 1: Cash Back Strategies - Credit cards can offer varying cash back percentages based on spending categories, such as 5% on groceries for a specific quarter or 4% on gas year-round [1][2] - A card like the Wells Fargo Active Cash® Credit Card provides a flat 2% cash back on all purchases, simplifying the cash back process [2] - Consumers can earn additional cash back through sign-up bonuses by meeting spending thresholds within a specified time frame, such as receiving $250 for spending $3,000 in three months [7][8] Group 2: Consumer Behavior and Optimization - Many consumers, like Susan, may not be optimizing their cash back potential, as evidenced by her earning only $100 annually compared to friends earning over $1,000 [4][5] - It is crucial for consumers to choose credit cards that match their spending habits; for instance, a gas cash back card is beneficial for those with long commutes [6] - Tracking spending and paying off balances in full each month can help avoid interest charges and maintain a healthy credit score [15][16] Group 3: Risks and Pitfalls - Chasing cash back rewards can lead to overspending and debt, which may negate the benefits of cash back earned [10] - High credit card balances can negatively impact credit scores, as credit utilization is a significant factor in credit scoring [12] - Some cash back cards come with annual fees, which should be weighed against the benefits received [13]

Core Insights - American Express has launched a digital advertising platform called Amex Ads, aimed at connecting brands with its 34 million consumer card members in the U.S. [2][3] - The platform is designed to serve contextual ads to high-spending card members at moments when they are likely to engage and spend [2][4] - Amex Ads builds on the success of Amex Offers, which generated $15 billion in spending at merchants last year [3] Group 1 - The platform will initially be available on AmexTravel.com and will expand to other Amex-owned platforms [2] - Brands can utilize Amex Ads to deliver relevant content while ensuring the privacy and security expected by card members [4] - The program was piloted earlier this year with brands like Marriott Bonvoy, Macy's, and TUMI, focusing on targeted advertising [4][5] Group 2 - Marriott Bonvoy achieved results three times higher than its target benchmark by using Amex Ads to reach card members who had reserved flights but not booked hotels [5] - The launch of Amex Ads follows Mastercard's introduction of its Commerce Media network, which also focuses on personalized offers using permissioned data [6] - Retail media networks are gaining momentum by leveraging first-party data and forming partnerships across commerce ecosystems [7]