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Chris Wood is reacting after a missed opportunity at goal during the Premier League match between Brighton and Hove Albion and Nottingham Forest at the American Express Community Stadium in Brighton and Hove, on March 10, 2024. Nottingham Forest have become the second Premier League club to be deducted points for breaching profitability and sustainability rules (PSR) after being docked four points over their finances on Monday. "Nottingham Forest was referred to an independent Commission on 15 January, following an admission by the club that it had breached the relevant PSR threshold of £61 million ($77.6 million) by £34.5 million," Premier League said in a statement.
Persons: Chris Wood Organizations: Premier League, Brighton, Hove Albion, Nottingham Forest, American Express, Nottingham Locations: Brighton and Hove
James D. Robinson III, who as chief executive of the American Express Company from 1977 to 1993 helped transform Wall Street into a more competitive financial marketplace, with a wide diversity of businesses housed under single roofs, died on Monday in Roslyn, N.Y., on Long Island. The death, at a hospital, was caused by respiratory failure from recurrent pneumonia, Walter Montgomery, a spokesman for the family, wrote in an announcement. A soft-spoken son of the Georgia gentry, Mr. Robinson followed a well-worn path to financial success, power and influence: from private school to the Ivy League and then on to the moneyed canyons of Lower Manhattan, with side trips to the corridors of Capitol Hill. In Washington, he was among Wall Street’s most influential advocates for deregulating the financial industry and widening its horizons. Some called him the unofficial secretary of state for corporate America.
Persons: James D, Robinson III, Walter Montgomery, Robinson, Wall Organizations: American Express Company, Ivy League, America Locations: Roslyn, N.Y, Long, Georgia, Lower Manhattan, Capitol, In Washington
Fortunately, we'll get useful information in the coming weeks as earnings season ramps up and updated inflation data is released. We really want to see more supply come into the market to provide some relief on shelter costs. Looking to next week, we'll get a several key economic updates and a ramp up of earnings releases. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Morgan Stanley, we'll, Procter & Gamble, we've, We're, we're, We'll, Forex, Brown, BRO, Zions, CrossFirst, Johnson, Lockheed Martin, Horton, ERIC, Baker Hughes, Abbott, ABT, Clark, BOK, Monro, Simmons, United Community Banks, Lam, Ethan Allen Interiors, Raymond James Financial, Sherwin, Williams, Northrop, Murphy, Arthur J, Levi Strauss, LEVI, Booz Allen, Jim Cramer's, Jim Cramer, Jim, John Gress Organizations: Nasdaq, Microsoft, Nvidia, Tesla, Apple, Bank of America, Reserve, Procter, Gross, Citigroup, of Hawaii, United Airlines, Logitech International S.A, AGNC Investment, Agilysys Inc, Great Southern Bancorp, Enterprise Financial Services, Independent Bank, Home Bancorp, RBB Bancorp, TrustCo Bank Corp, Gamble Co, Verizon Communications, 3M Company, General Electric Co, GE, RTX Corporation, Halliburton Company, HAL, Lockheed, Ericsson, Bank, GATX Corporation, MakeMyTrip, National Bancorp, Synchrony, Webster, Atlantic Union Bankshares Corporation, Invesco PLC, Peoples Bancorp Inc, Sandy Spring Bancorp, Netflix, Texas Instruments Incorporated, Steel Dynamics, Canadian National Railway Company, NBT Bancorp, East West Bancorp, Covenant Logistics Group, Inc, Hanmi, National Bank Holdings Corporation, Premier Financial, QCR Holdings, Renasant Corporation, Triumph, Veritex Holdings, ASML, SAP, Textron, Oriental Education, Technology Group, First BanCorp, General Dynamics, OFG Bancorp, Prosperity, TE Connectivity, United Community, Blue Foundry Bancorp, Capitol Federal, HBT, Teledyne Technologies, Business Machines, IBM, Las Vegas Sands Corp, Lam Research, United Rentals, Berkley Corp, Crown, International, Packaging Corporation of America, Seagate Technology plc, CACI, Swift Transportation Holdings, Ameriprise Financial, Concentrix Corporation, First Bank, Liberty Energy, Pathward Financial, Columbia Banking, CSX, American Airlines Group, NextEra Energy Inc, Alaska Air Group, Dow Chemical Co, Valero Energy, Southwest Airlines Co, Nextera Energy, Williams Co, Union Pacific, Applied Industrial Technologies, Mobileye, Northrop Grumman, Comcast, Nokia, TAL Education, McCormick & Company, Intel, Visa Inc, Gallagher, Co, KLA Corporation, Western Alliance, Mobile, L3Harris Technologies, Western, Olin Corporation, American Express Co, Booz, Booz Allen Hamilton Holding, Colgate, Palmolive Co, Norfolk Southern Corporation, Jim Cramer's Charitable, CNBC, Gamble's Locations: Procter &, U.S, China, ZION, Freeport, Kimberly, Las, W.R, Chicago
LA QUINTA, Calif. (AP) — Sam Burns shot the best round of his life with “RTR” shaved into the side of his head. Burns fired a career-low 61 on Friday to take a one-shot lead over Michael Kim and a two-shot lead on Dunlap at The American Express. While Burns was at 17-under 127 after his second straight impressive round, Dunlap and South Korea’s K.H. Burns shot 62 at the BMW Championship last season and at the Byron Nelson in 2021. He used that familiarity with the American Express courses to shoot 65-63 in the first two rounds, including six birdies on the back nine of the Nicklaus course Friday.
Persons: — Sam Burns, , Justin Thomas, Nick Dunlap, Burns, sizzling, Michael Kim, Dunlap, K.H, Lee, Tiger Woods, ” Dunlap, “ I've, Phil Mickelson, “ It’s, ” Burns, didn’t, Byron Nelson, Nicklaus, Thomas, gleeful, , Nick, Saban’s, ” Kim, Kim, Alex Noren, Zach Johnson, Bob Hope, David Duval, Adam Hadwin, ___ Organizations: LSU, The American Express, Dunlap, Tiger, U.S . Amateur, U.S . Junior, PGA, BMW, La Quinta, Louisiana, Southern California's, American Express, Nicklaus, Palmer, La Quinta Country, Hadwin Locations: QUINTA, Calif, Alabama, Coachella, Dunlap, Tucson , Arizona, Nos, La, Louisiana, Palm Springs, San Diego, Sweden
Stephen Squeri, chairman and chief executive officer of American Express Co., speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 10, 2022. American Express CEO Stephen Squeri on Friday said the credit card company saw "good consumer spending" during the holidays and signs of strong overall health for U.S. spending. In particular, delinquency rates were "lower than they were in 2019," Squeri told CNBC's Scott Wapner in an interview at the American Express PGA Tour event in La Quinta, California. The signs of resilient consumer spending run somewhat counter to persistent inflation. American Express reports its fourth-quarter earnings on Jan 26.
Persons: Stephen Squeri, Squeri, CNBC's Scott Wapner, he's, JPMorgan Chase, Jamie Dimon, Goldman Sachs, David Solomon, We'll Organizations: American Express Co, Economic, of New, American Express, JPMorgan, Federal, Express Locations: of New York, New York, La Quinta , California, U.S
American Express just announced plans to open its fourteenth Centurion Lounge location in the US, at Newark Airport. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. While the Centurion Lounge at Newark Airport won't open until 2026, American Express has shared some initial details on what to expect. Finally, the Newark Centurion Lounge will also feature a 1,400-square-foot indoor terrace with views of the airport and Manhattan. American ExpressHow to access the Newark Centurion loungeYou can access the upcoming Newark Centurion Lounge (and any other Centurion Lounge that's already open) if you have the The Platinum Card® from American Express, The Business Platinum Card® from American Express, or the invite-only Centurion Card.
Persons: Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Amex Organizations: Express, Newark Airport, American Express, Service, Vegas McCarran, Newark Liberty International Airport, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Shipping, New, Newark, Newark Centurion Locations: Manhattan, Wall, Silicon, Hulu, Newark, New York, JFK, LaGuardia, York
So I'll admit I got The Platinum Card® from American Express for the clout. Getting an Amex didn't change my finances or my life, and I knew it wouldn'tI held my Amex Platinum card as I did with my driver's license when I was 16. Financial therapist Aja Evans says my Amex credit card is one way of coping with self-esteem issues, but it's a bandage. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Products in this post: The Platinum Card® from American Express, American Express® Gold Card
Persons: Achilles, I've, wouldn't, I'm, Aja Evans, Evans, it's, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash Organizations: Service, American Express, Yorker, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Shipping, American, Products Locations: Wall, Silicon, Hulu
The transfer window, which was open from June 14 to Sept. 1, exceeded last year's record 1.92 billion pounds, with the top-flight clubs spending 255 million pounds on deadline day alone, it said. Premier League clubs were responsible for 48% of the spending across Europe's top five leagues including Spain's LaLiga, Italy's Serie A, Germany's Bundesliga and France's Ligue 1. "Nearly three-quarters of Premier League clubs (14) spent more this summer than the last, reflecting the increased intensity of competition. Champions Manchester City signed midfielder Matheus Nunes for 53 million pounds this week, having brought Jeremy Doku for 55 million pounds, defender Josko Gvardiol for 77 million and midfielder Mateo Kovacic for 25 million earlier. According to the report, almost half of the transfer fees received by Premier League clubs from overseas came from the Saudi Pro League club (SPL), which has the fourth-highest transfer spend of any league globally.
Persons: Chris Radburn, Spain's LaLiga, Tim, Todd Boehly, Moises Caicedo, Enzo Fernandez, Matheus Nunes, Jeremy Doku, Josko Gvardiol, Mateo Kovacic, Kai Havertz, Declan Rice, Rasmus Hojlund, Sandro Tonali, Harvey Barnes, Calum Ross, Pearl Josephine Nazare, Martyn Herman, Gerry Doyle, Hugh Lawson Organizations: Soccer Football, Premier League - Brighton & Hove Albion, West Ham United, American Express, Premier League, Deloitte, Serie, Bundesliga, Ligue, Deloitte's Sports Business, Chelsea, Clearlake Capital, Champions Manchester City, Arsenal, Manchester United, Newcastle United, Nottingham Forest, Saudi Pro League, Thomson Locations: Brighton, Britain, London, Bengaluru
Turkish keeper Bayindir was signed for just 4.3 million pounds ($5.41 million), while Spanish left back Reguilon and Morocco midfielder Amrabat's signings are loan deals. Champions City, who have had a 100% start to the Premier League season and top the standings, added another midfielder to their squad with Nunes joining from Wolverhampton Wanderers. Earlier on Friday, 21-year-old winger Cole Palmer moved from Manchester City to Chelsea in a deal reportedly worth 40 million pounds. The transfer fee offered was reportedly 100 million pounds, with a further 50 million in add-ons. ($1 = 0.7946 pounds)Reporting by Aadi Nair in Bengaluru; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Persons: Matheus Nunes, Peter Cziborra, Jonny Evans, Sergio Reguilon, Sofyan Amrabat, Rasmus Hojlund, Mason Mount, Andre Onana, Bayindir, Evans, Nunes, Pep, Kevin De Bruyne, Fati, Tyrone Mings, Clement Lenglet, Cole Palmer, Mason Burstow, Mohamed Salah, Juergen Klopp, Salah, Joao Palhinha, Aadi Nair, Ken Ferris Organizations: Soccer Football, Premier League - Brighton & Hove Albion, Wolverhampton Wanderers, American Express, Manchester United, Altay Bayindir, Manchester City, United, Leicester City, Champions City, Premier League, Portugal, Barcelona, Brighton & Hove Albion, Aston Villa, Chelsea, Championship, Sunderland, Liverpool, Saudi Pro League, Al, Saudi, Bayern, Fulham, Thomson Locations: Brighton, Britain, United, Spanish, Reguilon, Morocco, Manchester, Ittihad, Egypt, Liverpool, Bayern Munich, Germany, Bengaluru
Soccer Football - Premier League - Brighton & Hove Albion v Wolverhampton Wanderers - The American Express Community Stadium, Brighton, Britain - April 29, 2023 Wolverhampton Wanderers' Matheus Nunes reacts after the match Action Images via Reuters/Peter Cziborra/File Photo Acquire Licensing RightsAug 30 (Reuters) - Manchester City and Wolverhampton Wanderers have come to a verbal agreement concerning the transfer of Wolves' Portuguese midfielder Matheus Nunes, British media reported on Wednesday. The clubs are understood to have arrived at an initial agreement on a fee of 47 million pounds ($59.83 million) for the 25-year-old, with discussions actively continuing. Wolves signed the Brazilian born Nunes last August for a then club-record transfer fee of 45 million euros ($49.23 million) from Sporting CP on a five-year contract. After Kevin De Bruyne sustained a hamstring injury during the Premier League opener at Burnley, resulting in an extended period on the sidelines, City have been actively seeking a midfielder to fill the gap. Reporting by Tommy Lund in Gdansk; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.
Persons: Matheus Nunes, Peter Cziborra, Nunes, Kevin De Bruyne, Tommy Lund, Nick Macfie Organizations: Soccer Football, Premier League - Brighton & Hove Albion, Wolverhampton Wanderers, American Express, Manchester City, Wolves, Sporting CP, Premier League, Burnley, Thomson Locations: Brighton, Britain, Manchester, Portuguese, British, Gdansk
Morning Bid: Markets shrug off upbeat news from Japan and China
  + stars: | 2023-07-21 | by ( ) www.reuters.com   time to read: +2 min
With a Reuters poll pointing to a sharp slowing in Tokyo's core CPI for July next week, Bank of Japan Governor Kazuo Ueda is likely to remain confident about sticking to Japan's ultra-easy policy settings next Friday, keeping the yen on the back foot. China's latest efforts to boost consumption provided a small lift to mainland stocks, but markets continue to look ahead to the Politburo meeting, expected next week, for bigger stimulus announcements. The piecemeal measures unveiled so far suggest there's plenty of scope for disappointment. Where Beijing seems to be having greater impact is in propping up the Chinese yuan , which was holding the bulk of Thursday's gains after another stronger-than-forecast midpoint setting on Friday. A sharp drop in the July GfK consumer confidence gauge, which came in below the lowest Reuters poll forecast, suggests sentiment remains downbeat after what's expected to be a weaker UK retail sales reading for June.
Persons: Sonali Desai, Kazuo Ueda, Edmund Klamann Organizations: Netflix, Bank of Japan, U.S . Federal Reserve, European Central Bank, Reuters, Thales SA, Bank, American Express, Schlumberger NV, Thomson Locations: Asia, Japan, U.S, Beijing, propping
A lot was riding on these important measures of inflation after the scorching-hot ADP jobs report last week. Here are 3 things you need to know for the week ahead: 1. Industrial production and capacity utilization, also out Tuesday, shines a light on manufacturing, which attributes about 12% to U.S. GDP. Six months is generally considered to represent a balance between supply and demand in the housing market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Stocks, Morgan Stanley, Johnson, Jeff Miller, Lockheed Martin, Charles Schwab, JB Hunt, Goldman, Baker Hughes, Ally, Kinder Morgan, Zions, Philip Morris, Abbott, ABT, Jim Cramer's, Jim Cramer, Jim, Scott Olson Organizations: Nasdaq, Dow Jones Industrial, Housing, CPI, Halliburton, HAL, Johnson, of America Corp, Lockheed, Lockheed Martin Corp, Novartis International AG, PNC Financial Services Group, Inc, PNC, Charles Schwab Corp, Bank of New York Mellon Corporation, BK, Synchrony, Interactive, Goldman Sachs Group, U.S . Bancorp, ASML, Citizens Financial, T Bank Corp, Northern Trust Corporation, Horizon National Corp, Business Machines Corp, IBM, United Airlines, Netflix, Steel Dynamics, Alcoa, Discover Financial Services, Crown, International Corp, Equifax Inc, Las Vegas Sands Corp, Liberty Energy Inc, Philip Morris International Inc, Taiwan Semiconductor Manufacturing Company, American Airlines Group Inc, Travelers Companies, SAP, Nokia Corp, Truist Financial Corporation, Company, McLennan Companies, Infosys Technologies Ltd, Newmont Mining Corp, Fifth Third Bancorp, Pool Corporation, Alfa Laval, Webster Financial Corp, Blackstone, Financial Corp, PPG Industries, CSX Corp, CSX, Berkley Corp, Swift Transportation Holdings Inc, American Express Co, AutoNation Inc, Interpublic, of Companies, Autoliv Inc, Huntington Bancshares, Financial Corporation, Roper Technologies, Comerica, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Las, ZION, Horton, Freeport, Marsh, ALFVY, W.R, Lemont , Illinois
In late May last year, some 250 salespeople at American Express learned they weren't going to get paid. In addition to earning commissions, the Premium Wire volumes helped them reach higher compensation tiers, known as kickers. For the first time, the Premium Wire product made economic sense. The presentation discussed shifting the sales focus toward Premium Wire and another product to "accelerate revenue growth and meet client's needs." Isserlis said Williams was fired because of misconduct unrelated to Premium Wire.
Persons: Amex, salespeople, Salespeople, Adam Isserlis, Isserlis, Stephen Squeri, John Moore, Amex salespeople, Pablo Ribas, Ribas, Anna Marrs, Marrs, Charles Schwab, Schwab, Mike Peterson, Charlene Luke, they'd, Nick Williams, Williams, Nick, Mr, , Thomas Zoerner, Zoerner, Amex's, she's, weren't, Carter Johnson Organizations: American Express, Commercial Services, Securities and Exchange Commission, Justice Department, Internal Revenue Service, Street, IRS, Getty, Credit, Employees, Business, SME, Global Commercial Services, Marriott, Express, University of Florida's Levin College of Law, Amex, California Labor, Court, whistleblowing Locations: Brooklyn, California, Manhattan, Canadian, , Orange County , California, New York, Webex
The information for the following product(s) has been collected independently by Business Insider: Amex EveryDay® Preferred Credit Card, Amex EveryDay® Credit Card, Chase Freedom®. I used this strategy to downgrade from the Amex EveryDay® Preferred Credit Card with a $95 annual fee to the Amex EveryDay® Credit Card with no annual fee. with a $95 annual fee to the Amex EveryDay® Credit Card with no annual fee. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. AdvertisementFor example, my Amex EveryDay® Credit Card used to be an Amex EveryDay® Preferred Credit Card with a $95 annual fee.
Persons: , Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, We're, you've Organizations: Business, American Express, Service, Chase, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Shipping, American, Chase Sapphire Reserve Locations: Hulu
June 27 (Reuters) - Credit card giant American Express Co (AXP.N) said on Tuesday Chief Financial Officer Jeffrey Campbell has decided to retire from the company, and Deputy CFO Christophe Le Caillec would succeed him. He joined American Express as CFO in 2013, would remain with the company as vice chairman until March 2024. Le Caillec has been with American Express for over 25 years, serving in top roles including the company's executive committee. Le Caillec currently leads the corporate planning team at the card firm, as well as risk, technology and the global services group finance functions. Reporting by Manya Saini in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.
Persons: Jeffrey Campbell, Christophe Le Caillec, Le Caillec, Manya Saini, Shilpi Majumdar Organizations: American Express, Thomson Locations: Bengaluru
Berkshire acquired 9.92 million shares in Capital One, a stake worth $954 million based on the closing price on March 31, regulatory filings showed on Monday. The bank's shares have shed around 15% since early March as the banking crisis has clobbered shares of U.S. regional lenders. Silicon Valley Bank, Signature Bank, and First Republic Bank are the three banks that have so far collapsed during the current crisis. The KBW Regional Banking Index (.KRX) fell 0.38%. Fed Vice Chair for Supervision Michael Barr said the central bank was "carefully considering" rule changes for larger regional banks, including requiring them to account for unrealized losses on their banks when considering capital levels.
Berkshire invests in Capital One, sheds four stocks
  + stars: | 2023-05-15 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +3 min
Buffett's company made its disclosures in a regulatory filing listing its U.S.-traded stocks as of March 31. Capital One shares rose 5.7% in after-hours trading following Berkshire's disclosure of a 9.92 million share stake worth about $954 million. In Monday's filing, Berkshire also revealed a new $41.3 million stake in Diageo Plc (DGE.L), the maker of alcoholic beverages including Johnnie Walker and Guinness. BERKSHIRE BUYS MORE APPLE, BANK OF AMERICADespite the selling, Berkshire still invests in several financial services companies. Berkshire also has dozens of operating businesses including the BNSF railroad, Geico car insurance, and many energy, manufacturing and consumer units.
[1/2] Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Tens of thousands of people are flocking to Omaha, Nebraska this weekend for the extravaganza that Buffett, 92, calls "Woodstock for Capitalists." "Charlie is 99 and Warren turns 93 on Aug. 30," Lountzis added, "and you just don't know how many more you're going to have." Buffett and Munger are due to answer five hours of shareholder questions at the meeting. "We believe in constructive engagement and dialogue, whether it's Warren Buffett or another company," Frerichs said in an interview.
Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Whether you're flying or driving, the right credit card can cover you if your trip doesn't go as planned. Note that credit card lenders may use many different variations of credit score models when considering your application. But you can save that $10 to $30 per day if you pay for your rental using a credit card with car rental insurance. Note that credit card lenders may use many different variations of credit score models when considering your application.
Persons: , you'd, you'll, you've, Read, Chase, I've, El Al, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Eric Rosenberg Organizations: Service, Chase, Target, Walmart, Sapphire, FDIC, Chase Sapphire, TSA, United, United Club, , American Airlines, AAA, Express, American Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Global, Saks Fifth, Shipping, Mastercard Locations: Israel, New York, Miami, Hulu, Ventura , California
[1/2] Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Tens of thousands of people are flocking to Omaha, Nebraska this weekend for the extravaganza that Buffett, 92, calls "Woodstock for Capitalists." Buffett and Munger are due to answer five hours of shareholder questions at the meeting. "We believe in constructive engagement and dialogue, whether it's Warren Buffett or another company," Frerichs said in an interview. Reporting by Jonathan Stempel in Omaha, Nebraska; Editing by Will Dunham and Megan DaviesOur Standards: The Thomson Reuters Trust Principles.
[1/5] Soccer Football - Premier League - Brighton & Hove Albion v Manchester United - The American Express Community Stadium, Brighton, Britain - May 4, 2023 Brighton & Hove Albion's Alexis Mac Allister scores their first goal from the penalty spot Action Images via Reuters/Paul ChildsBRIGHTON, England, May 4 (Reuters) - Brighton & Hove Albion midfielder Alexis MacAllister fired the winner from the penalty spot deep into stoppage time to snatch a 1-0 win for his side over Manchester United in a pulsating Premier League clash on Thursday. The victory was some measure of revenge for Brighton, who lost to Manchester United on penalties in their FA Cup semi-final 11 days ago. Brighton continued to press forward looking for a winner, with substitute Solly March and MacAllister both forcing superb saves from De Gea as the clock ticked towards 90 minutes. "Really happy and delighted for the performance and result," Brighton coach Roberto de Zerbi told Sky Sports. "There is a God of football - we deserved to win the (FA Cup) semi-final but lost on penalties, but today we won with a penalty."
The credit card company reported quarterly earnings that missed analysts' expectations, however, as it kept aside a large sum to cover potential defaults. That would mark the second straight quarterly fall for corporate earnings, a so-called "earnings recession" that last occurred when COVID-19 hit corporate results in 2020. Moreover, in aggregate, companies are reporting earnings 7.8% above expectations, compared with a 4.2% average for the prior four quarters. Baker Hughes Co. (BKR.O) said in a presentation this week that the energy outlook remained constructive even with elevated recession risks. Both Delta (DAL.N) and United (UAL.O) gave upbeat near-term outlooks on travel demand, with Delta a week ago saying it expects summer travel demand will result in higher-than-expected profit for the quarter through June despite other risks.
[1/2] American Express logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. Shares fell as much as 7% to a near three-month low of $154.01 as expenses surged 22% to $11.1 billion in the first quarter, higher than expectations of $10.4 billion. "While the elevated provision does not come as a surprise, the miss on expenses is likely the driving force behind the shares' move lower," UBS analysts wrote in a client note. The company, however, reaffirmed its profit forecast for 2023 as spending by customers on travel and entertainment surged 39%. It expects to earn $11 to $11.40 per share compared to analysts' estimate of $11.10.
[1/2] American Express logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. "We're mindful of the mixed signals in the external environment," said Chief Executive Stephen Squeri in a statement. AmEx profit fell 13% to $1.8 billion, or $2.40 per share, for the three months ended March 31, missing analysts' average estimate of $2.66 per share, according to Refinitiv data. It expects to earn $11 to $11.40 per share compared to analysts' estimate of $11.10. Reporting by Siddarth S in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
AT&T (T.N) shares dropped 10.4% after the wireless carrier missed market estimates for first-quarter revenue and free cash flow. The S&P 500's rally to start the year is set to be tested by a first-quarter earnings season that investors expect to show tepid results. “The market has been overbought for the last week or two," said Anthony Saglimbene, chief market strategist at Ameriprise Financial. In other earnings news, American Express Co (AXP.N) profit missed Wall Street estimates and its shares fell 1%. Shares of Lam Research (LRCX.O) rose 7.2% after the chip-making equipment supplier's revenue topped estimates, while shares of D.R.
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