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Bloomberg· 2026-07-24 19:00
American consumers disputed nearly 30% more credit card transactions in 2025 than they did just four years earlier. And increasingly, many are instances of what Businessweek reporter @amandamull calls “friendly fraud.” On today’s Big Take podcast, Bloomberg’s @amandamull joins host @sarahsholder to discuss the consequences of this trend for retailers, merchants and banks. Listen wherever you get your podcasts https://t.co/rEADwxA4ST ...
Shares dip after American Express reports revenue miss in second quarter
CNBC Television· 2026-07-24 14:00
Results just coming out from American [music] Express. Here's the earnings report. They earned $4.53% per share, topped consensus estimates of 440.The company pointing to higher spending among its credit card members. Card member spending increasing 9%, the highest growth rate in 3 years, and revenue net of interest expense rising 10%. That's to $19.6% billion. That's slightly below Wall Street's estimate of $19.7% billion. ...