Gemini co-founder Cameron Winklevoss took to X (formerly Twitter) mocking American Express after the company revealed a steep annual fee increase for its Platinum cards. His post came in response to a report from First Squawk, which noted that AmEx had raised the annual fee on its Platinum card to $895, up $200. On Sept. 15, American Express launched the Amex Travel App and Amex Passport to personalize trip planning and digital travel memories. Amex Passport mints collectible “Stamps” on Base, an Ether ...

American Express The updated American Express Platinum cards are available in a "mirror" design. American Express has updated its popular Platinum card—and lifted its annual fee to nearly $900. It's the latest move by a big credit-card issuer to rejigger the offerings of a popular high-end card and to lift the fee users pay to get them. American Express (AXP) in June teased "major updates" to its Platinum Card lineup. That announcement came one day before rival JPMorgan Chase (JPM) introduced changes to ...

NEW YORK (AP) — The Platinum Card is getting shinier and pricier. American Express' latest update to its high-end Platinum Card, unveiled Thursday, comes with a lot more perks, including a $400 credit for dining out, and a lofty annual fee of $895. The Platinum Card refresh is just the latest from the major credit card issuers, and the higher fees may put pressure on some cardholders to choose between the Platinum Card or another high-fee card like Chase’s Sapphire Reserve Card. Or pay close to $2,000 in ...

Summary of Key Points Core Viewpoint - August 2025 was a significant month for certain stocks in the Dow Jones Industrial Average, which rose by 3.8%, driven by notable performances from specific companies. Group 1: UnitedHealth Group - UnitedHealth Group's stock surged by 30.3% after a disappointing start to 2025, where it was down 50% before August [3] - Berkshire Hathaway disclosed a $1.5 billion investment in UnitedHealth, acquiring 5.04 million shares, indicating confidence in the company's recovery [3] - Investor Michael Burry's Scion Asset Management purchased 20,000 shares and 350,000 call options in UnitedHealth, further signaling positive sentiment [4] - The company reported second-quarter revenue of $111.6 billion, an increase of $12.8 billion year-over-year, and projected full-year revenue between $344 billion and $345.5 billion, reflecting a 15% growth from 2024 [5] Group 2: Apple - Apple's stock increased by 14.7%, despite Berkshire Hathaway selling 20 million shares to fund its UnitedHealth investment [7] - The company reported better-than-expected earnings for Q3 2025, with revenue of $94 billion, a 10% increase from the previous year, and earnings per share of $1.57, up 12% [7] - Apple achieved double-digit growth in its iPhone, Mac, and Services segments, breaking a trend of flat revenue since 2023 [8] Group 3: American Express - American Express's stock rose by 12.6%, benefiting from its unique market position catering to affluent customers and corporate accounts [9] - The company reported a 9% increase in second-quarter revenue to $17.8 billion, with adjusted earnings per share of $4.08, up 17% from Q2 2024 [10] - CEO Steve Squeri announced plans to upgrade the Platinum card to attract younger customers, including Generation Z and millennials [10] Group 4: Amazon - Amazon's stock increased by 6.6%, driven by strong performance in its AWS cloud computing segment and e-commerce [11] - AWS revenue reached $30.87 billion with an operating income of $10.16 billion, highlighting its profitability [12] - The advertising services segment generated $15.69 billion, a 23% increase year-over-year, and the July Prime Day event was the largest in history, with projected sales of $23.8 billion [14] Group 5: Home Depot - Home Depot's stock rose by 8.8% after reporting solid earnings, attributed to increased spending on home improvement projects [15] - The company reported second-quarter sales of $45.3 billion, a 4.9% increase from the previous year, with adjusted earnings per share of $4.68, slightly higher than last year [16] - Home Depot reaffirmed its 2025 sales growth guidance of 2.8% [16]