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Amex Platinum Card and Amex Business Platinum Card cardholders get many of the same travel benefits. It makes premium cards like the Amex Platinum Card and the Amex Business Platinum Card look downright affordable. Card comparison: Unsurprisingly, there's no comparable benefit on the Amex Platinum Card and Amex Business Platinum Card cards. Card comparison: Once again, the Amex Platinum Card and Amex Business Platinum Card also offer concierge services. Amex Black Card benefits frequently asked questionsHow can I get an Amex Black Card?
Persons: cardholders, Centurion cardholders, Cardholders, Centurion cardmembers, concierges, you'll, Porter, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash Organizations: Business, Express Centurion Card, Card, American Express, Delta Air Lines, Delta, Marriott, Hilton, Intercontinental Hotels Group, ®, Delta SkyMiles, Express, Delta Sky Clubs, Saks Fifth, Saks, TSA, U.S, American, LAX, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, Global, Black, Medallion Locations: checkouts, U.S, Canada, Hulu, IHG
Introduction to Hilton Free Night CertificateWhat Is a Hilton Free Night Certificate? The easiest way to earn a Hilton free night certificate is with the Hilton Honors American Express Aspire. Redeeming Your Hilton Free Night CertificateWhen you've earned a Hilton free night certificate, you'll receive an email from Hilton Honors letting you know your award is in your Hilton account. Can the Hilton Free Night Certificate be used at any Hilton property? Redeem by calling Hilton Honors customer service or, in some cases, directly through your Hilton Honors account online, depending on the certificate's terms.
Persons: Hilton, that's, it's, Amex, That's, you've, Conrad, you'll Organizations: Business, Hilton, American Express, Hilton Honors, Hilton Honors American, Card, American, U.S, Hilton Gold, Gold, Honors American, Online Retail, Hilton Credit Card, Waldorf, Astoria, Villa, Conrad, Hotels, Hilton Aspire, Biltmore, Resorts, Waldorf Astoria, Hills Locations: U.S, Maldives, Hilton's, Conrad Maldives, Maui, London, Hills, Waldorf Astoria Beverly, California, Beverly Hills, Los Angeles, Chevron
If you have an Amex Platinum or Centurion card, you can access Amex Centurion lounges. For many frequent travelers, the single best card perk is access to airport lounges — particularly, access to Amex Centurion lounges. Atlanta Hartsfield-Jackson International Airport (Concourse E)Charlotte Douglas International Airport (between Concourse D and E)Dallas/Fort Worth International Airport (Terminal D)Denver International Airport (Concourse C)Intercontinental Houston Airport (Terminal D)Las Vegas McCarran International Airport (Concourse D)Los Angeles International Airport (Tom Bradley International Terminal)Miami International Airport (Concourse D)John F. Kennedy International Airport (New York)Newark Liberty International Airport (Terminal A) — slated for 2026New York LaGuardia Airport (Terminal B, pre-security)Philadelphia International Airport (Terminal A)Phoenix Sky Harbor International Airport (Terminal 4)San Francisco International Airport (Terminal 3)Seattle-Tacoma International Airport (Concourse B)Washington, DC Ronald Reagan National Airport (Terminal B) — coming soonInternational locations Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Hartford Bradley International Airport (Terminal A)Cincinnati-Northern Kentucky International Airport (Concourse B)John Glenn Columbus International Airport (Concourse B)Fort Lauderdale-Hollywood International Airport (Terminal 3)Greenville-Spartanburg International Airport (Concourse B)Minneapolis-Saint Paul International Airport (Terminal 1)Oakland International Airport (Terminal 1)Palm Beach International Airport (Concourse B)Phoenix Sky Harbor International Airport (Terminals 3 and 4)Rhode Island T.F. You can only get into a Centurion Lounge if you have an Amex Platinum or an Amex Centurion credit card.
Persons: cardholders, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Cardholders, Charlotte Douglas, Tom Bradley, John F, Ronald, , Mariano, John Glenn Columbus Organizations: Delta Reserve, Read, American Express, Amex, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, TSA, Global, Saks Fifth, Delta SkyMiles ®, Delta SkyMiles, Chevron, Atlanta Hartsfield, Jackson International, Charlotte Douglas International Airport, Fort Worth International, Denver International, Intercontinental Houston Airport, Las Vegas McCarran International Airport, Los Angeles International Airport, Tom, International Airport, Kennedy International, Newark Liberty International, New York LaGuardia, Philadelphia International, Sky Harbor International, San Francisco International, Tacoma International, Ronald Reagan National Airport, Hong Kong International, London, Stockholm Arlanda, Shivaji International, Delhi Indira Gandhi International, Melbourne, International, Monterrey, Sydney, Centurion Studios, Hartford Bradley International Airport, Northern Kentucky International, John Glenn Columbus International, Hollywood International, Spartanburg International, Saint Paul International Airport, Oakland International, Rhode, Green, Tahoe, Sacramento International, Centurion, SkyMiles Locations: , London, Hong Kong, Fort Lauderdale, Oakland, Sacramento, Hulu, Delta, Dallas, New York, Seattle, Washington, Stockholm, Mumbai, Shivaji, Delhi, Buenos Aires, Mexico, Cincinnati, Greenville, Spartanburg, Minneapolis, Reno, U.S
The information for the following product(s) has been collected independently by Business Insider: Ink Business Premier® Credit Card, Southwest Rapid Rewards® Premier Credit Card, Chase Freedom Flex®. But if saving cash is more important to you, Chase's Pay Yourself Back program can help you save money by using your credit card rewards to pay off certain charges on your card. As the name suggests, Pay Yourself Back allows you to use your credit card rewards to pay off certain charges on your card. Eligible Chase CardsThe Pay Yourself Back program is available on the Chase Freedom, Ink, and Sapphire credit cards, as well as the co-branded Aeroplan® Credit Card, United credit cards, and Southwest credit cards. If you have a Chase Sapphire Reserve®, you should also consider applying for another Chase card that could help you maximize this benefit.
Persons: Chase Travel ℠, Chase, you'll, Cash Organizations: Business, Ink, Rapid Rewards, Read, Chase, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, United, Humanity International Medical Corps International, Conference Education Fund NAACP Legal Defense, Education Fund National, SAGE Thurgood Marshall College Fund United Negro College Fund UNICEF, Air, ®, Chase Travel Partners, Air France, KLM, Blue Locations: Southwest, Air Canada, Europe, Chevron
watch nowThere are a lot of synergies between the bitcoin mining and AI infrastructure businesses. watch nowBeefing up the gridFor years, Crusoe's work has been virtually synonymous with the bitcoin mining industry. But Crusoe's Lochmiller told CNBC that AI infrastructure has actually been part of the vision since the company's founding six years ago. Back in 2018, Fenn says that the only load that was a good fit for this was bitcoin mining. "That has all changed now, with AI data centers optimized for massive scale energy availability, cost, and greenness.
Persons: Nolan, Robert Daemmrich, Ali Fenn, Chase Lochmiller, Crusoe's, JPMorgan Chase, Asher Genoot, Riley, CoreWeave, Crusoe's Lochmiller, Lancium's Fenn, Lancium, Fenn Organizations: Corbis, American, Energy Systems, CNBC, Mining, JPMorgan, Nvidia, CoreWeave, Core, ExxonMobil, Crusoe Industries, Miners Locations: Buffalo, Taylor, Abilene , Texas, West Texas, Abilene, Houston, Denver, U.S, Iceland, Miami, North Dakota, Texas
Germany to slash military aid budget in blow to Ukraine
  + stars: | 2024-07-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +3 min
Around 5.4 billion euros had been allocated to the fund in 2023, the budget outline shows. In recent years, large amounts of this section of the German budget has been allocated to support Ukraine following Russia's attack of the country. It also noted that Germany would continue to support Ukraine for as long as needed, in collaboration with its allies. The government had planned to re-allocate unused emergency debt, which was taken on during the Covid-19 pandemic, to its future spending plans. The German parliament will debate the draft budget when it returns from its summer break in September before it is finalized later in the year.
Persons: Christian Lindner, Donald Trump's, Sen, JD Vance, Olaf Scholz Organizations: Ukraine, CNBC, Reuters, Trump, Trump's, Military, NATO Locations: Germany, Ukraine, Russia
The Platinum Card® from American Express offers a ton of value from its welcome bonus and benefits. Introduction to American Express premium benefitsThe Platinum Card® from American Express has one of the highest annual fees of any publicly available consumer card: $695. Activating your Amex Platinum benefitsThe Platinum Card® from American Express Apply now lock icon An icon in the shape of lock. Apply and select your preferred metal Card design: classic Platinum, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Add your Amex Platinum card to your Uber accountThe Amex Platinum Card offers cardholders up to $200 in Uber Cash credits each calendar year.
Persons: Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you've, you'll, It's, doled, it's, You'll, , cardholders Organizations: American Express, Read, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, TSA, Global, Saks Fifth, Spirit Airlines, Card, Hulu —, Hulu, Paramount, Nickelodeon, Comedy Central, MTV, CBS, Marriott Bonvoy, Gold, & Resorts, Fine Hotels & Resorts, Amex, Rockefeller, Avis, Hertz, Chevron, Saks Fifth Avenue Locations: Hulu
The information for the following product(s) has been collected independently by Business Insider: American Express® Green Card, Amex EveryDay® Credit Card, Amex EveryDay® Preferred Credit Card, Hilton Honors American Express Aspire Card, Marriott Bonvoy Boundless® Credit Card. History and overview of the Amex Membership Rewards programThe Amex Membership Rewards program debuted way back in 1991 with just seven U.S. airline partners. In this comprehensive guide, we'll show you how to transfer American Express points for travel, and teach you our best tips for maximizing value for Amex Membership Rewards transfers. We'll also walk you through Amex points transfer ratios and policies, point out the best Amex airline transfer partners, and walk you through transferring Amex points to hotel loyalty programs. The best cards for earning American Express Membership RewardsThe Platinum Card® from American Express Apply now lock icon An icon in the shape of lock.
Persons: Hilton, Chase, We'll, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you've, Marriott, Asia Miles, Air Canada Aeroplan Air Canada Aeroplan, Aeroplan, that's, it's, you'll, we've, Avianca, Conrad, It's Organizations: Business, Hilton Honors, Marriott, Strategic, Delta, Air Canada, Read, Citi, American Express, American, Express, Hilton, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Airline, Aer Lingus, Aeromexico Club, Air Canada Aeroplan Air France, KLM Flying Blue ANA, Avianca, British Airways Executive Club Cathay, Asia Miles Delta, Emirates Skywards Etihad Airways, Program, Airlines, Iberia, JetBlue, Qantas Frequent Flyer Singapore Airlines, Virgin Atlantic Flying Club, Air Canada Aeroplan Air Canada, Star Alliance, Lufthansa, SWISS, ANA, France, KLM, Blue, Air France, Kenya Airways, TAROM, Korean Air, All Nippon Airways, SAS, TAP Portugal, British Airways Executive, British Airways, American Airlines, Alaska Airlines, Cathay, Qantas, JAL, British Airways Executive Club, Europe . Cathay, American Airlines AAdvantage, Qatar Airways, JFK, Virgin, Etihad, Air New Zealand, Royal Air Maroc, Etihad Guest . Singapore Airlines KrisFlyer Singapore Airlines, North, United, Air, Singapore Airlines, Virgin Atlantic Flying Club Virgin Atlantic Flying, Virgin Atlantic, Aeromexico, Club, Avianca's Star Alliance, Emirates Skywards, Hawaiian Airlines, Qantas Frequent, Diamond, Hilton Resorts, Waldorf Locations: Hulu, Asia, North America, Atlantic, Pacific, South America, Vancouver, Seattle, Tokyo Haneda, Europe, West Coast, Canada, Hawaii, Newark, Cape Town, Johannesburg, Australia, Miami, Dallas, Caribbean, Los Angeles, San Francisco, Tokyo, Boston, Dublin, Iberia, Europe . Cathay Pacific Asia, Hong Kong, Alaska, Amex, Doha, Chicago , New York, Philadelphia, Delta, SkyTeam, Morocco, Abu Dhabi, Air Canada, Singapore, New York, JFK, Frankfurt, Japan, Emirates
Oil prices rise on bigger-than-expected drop in U.S. crude stocks
  + stars: | 2024-07-18 | by ( ) www.cnbc.com   time to read: +1 min
Oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks. Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude rose 31 cents, or 0.4%, to $83.16. Lower interest rates often spark buying and boost oil demand. The European Central Bank, meanwhile, is all but certain to keep interest rates unchanged on Thursday, but signaled that its next move is likely to be a cut. A weaker dollar can boost demand for oil by making greenback-denominated commodities like oil cheaper for holders of other currencies.
Persons: Brent Organizations: U.S, West Texas, U.S . Energy, Administration, American Petroleum Institute, Federal, European Central Bank Locations: Brent, United States, Europe, China
Chase Ultimate Rewards and American Express Membership Rewards are the most popular credit card reward programs. The Amex Platinum Card and Chase Sapphire Preferred earn points in two different programs — American Express Membership Rewards and Chase Ultimate Rewards®, respectively. American Express Membership Rewards OverviewThis brings us to the American Express Membership Rewards program, which is similar to the Chase Ultimate Rewards with a few key differences. The American Express Membership Rewards program includes the following transfer partners:Amex Membership Rewards Transfer Partners Aer Lingus: 1,000 points = 1,000 milesAeromexico: 1,000 points = 1,600 milesAir Canada: 1,000 points = 1,000 milesAir France-KLM Flying Blue: 1,000 points = 1,000 milesAlitalia: 1,000 points = 1,000 milesANA Mileage Club: 1,000 points = 1,000 milesAsia Miles: 1,000 points = 1,000 milesAvianca: 1,000 points = 1,000 milesBritish Airways: 1,000 points = 1,000 milesDelta SkyMiles: 1,000 points = 1,000 milesEl Al Israel: 1,000 points = 20 milesEmirates: 1,000 points = 1,000 milesEtihad Airways: 1,000 points = 1,000 milesHawaiian Airlines: 1,000 points = 1,000 milesIberia: 1,000 points = 1,000 milesJetBlue: 250 points = 200 milesQantas: 500 points = 500 milesSingapore Airlines: 1,000 points = 1,000 milesVirgin Atlantic: 1,000 points = 1,000 milesChoice Privileges: 1,000 points = 1,000 hotel pointsHilton Honors: 1,000 points = 2,000 hotel pointsMarriott Bonvoy: 1,000 points = 1,000 hotel pointsLike the Chase Ultimate Rewards program, American Express Membership Rewards offers the most bang for your buck when you transfer points to airline and hotel partners. Choosing Between Chase Points and Amex PointsIf you can't decide between Chase Ultimate Rewards and American Express Membership Rewards, there are some serious questions you should be asking yourself.
Persons: Chase, you'll, You've, Holly Johnson, Amex, You'll, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash Organizations: Business, Read, American Express, Chase, Sapphire, Chase Sapphire Reserve, Freedom, Apple, Chase Sapphire, Aer Lingus British Airways Emirates Air France, KLM, Blue, JetBlue Singapore Airlines, Southwest Airlines United, Virgin, Hyatt, Chase Travel, Hotel, FDIC, American, Aer Lingus, Air, Air France, Alitalia, British Airways, El, Emirates, Etihad Airways, Hawaiian Airlines, JetBlue, Qantas, Singapore Airlines, Marriott, airfare, Express, Hilton, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Southwest Rapid, Delta Air Lines Locations: U.S, airfare, Air Canada, Asia Miles, El Al Israel, Iberia, Hulu, United
Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. He also noted that the Russell 2000 is outperforming the S & P 500 by the widest margin since November 2021. But according to him, one group of small-cap stocks could do well if rates were to stay higher for longer: regional banks. However, Turnquist cautioned that small-cap growth stocks would find the outlook tougher than small-cap value stocks, as they are more sensitive to economic health. How to play small-caps Investors who have been making a play for small-caps include billionaire Stanley Druckenmiller , who revealed a big bullish position in small-cap stocks last quarter.
Persons: Russell, Adam Turnquist, Turnquist, we've, There's, Trump, Kelvin Wong, Donald Trump, Wong, Stanley Druckenmiller, FactSet, David Dietze, Dietze, Jay Hatfield, Kilroy, Jefferies, Hatfield, , Yun Li Organizations: CNBC, LPL, U.S . Federal, Federal Reserve, Citi, Wealth Management, CNBC Pro, Corp, Jefferies Locations: U.S, America
Introduction to yearly resetting credit card benefitsTravel rewards credit cards come with all kinds of benefits. The Southwest Rapid Rewards® Premier Credit Card ,Chase Southwest Rapid Rewards® Priority Credit Card, and Southwest® Rapid Rewards® Performance Business Credit Card all earn Tier Qualification Points (TQPs) toward elite status based on spending. Credit card referral bonusesSome credit card issuers reward you with bonuses for referring friends to apply for your specific card or another one from the same bank. Several credit card rewards apps and websites help cardholders track and utilize credit card benefits on time, with varying degrees of success. Credit card annual benefits frequently asked questionsWhat are some common credit card benefits that reset each year?
Persons: Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, cardholders, you've, There's, Chase, hasn't, Overspending, it's Organizations: Business, Hilton, Citi ®, Mastercard, JetBlue, Rapid Rewards, Marriott, Express, American Express, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, TSA, Global, Saks Fifth, Resorts, Hilton Honors, Chase, Dell, Adobe, DC, U.S, Milk Bar, Electronics, Amex Travel, Citi, American Airlines, Rewards, Rapid, Card, Hyatt Credit, Hilton Honors American, Silver Locations: Hulu, U.S
BARCELONA, SPAIN - FEBRUARY 26: A logo sits illuminated at the Nokia booth in the Mobile World Congress 2024 on February 26, 2024 in Barcelona, Spain. (Photo by Xavi Torrent/Getty Images)Shares of Finnish telecom firm Nokia tumbled on Thursday after the company reported a 32% drop in second-quarter operating profit on the back of weak demand for its 5G equipment. Earlier in the day, Nokia said its comparable operating profit declined to 423 million euros ($462 million) in the second quarter, down by nearly a third from the 619 million euros posted in the same period of last year. Citing "ongoing market weakness," the company said net sales also eased by 18% to 4.47 billion euros – the lowest level achieved since the fourth quarter of 2015, according to LSEG data. The landscape likewise remains "challenging as operators continue to be cautious" in the mobile networks sector, he warned.
Persons: Xavi Torrent, Pekka Lundmark Organizations: Nokia, Mobile, Xavi Locations: BARCELONA, SPAIN, Barcelona, Spain, Helsinki, London
Introduction to Credit Card Presale TicketsIf you're swiping a credit card regularly, you probably know its key benefits. Eligible Credit Cards for Presale AccessMajor Credit Cards with Entertainment BenefitsWith most American Express cards, you're eligible to buy presale tickets through the American Express Experiences program. Other credit cards offer higher rewards in certain categories of spending Insider’s Take If you want an easy, no-fuss travel rewards credit card, the Capital One Venture Rewards Credit Card is a great fit. Your Chase credit card isn't the best for presale tickets — though you can sometimes score presale tickets for events at the Chase Center (in other words, this isn't valuable at tons of locations worldwide). FAQsWhich credit cards offer access to event presale tickets?
Persons: Chase, there's, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Miles, Taylor, It's, who's, it's Organizations: Business, Business †, Citi Strata Premier, Card, Citi, Citi ®, Mastercard, American Express, Wimbledon, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, TSA, Global, Saks Fifth, Ticketmaster, Capital, Capital One, Capital One Entertainment, Citi Entertainment, Premier, CitiTravel.com, EV, Citi cardholders, Chase Chase, Chase Travel, Chase, Sapphire, Hotel, FDIC, Garden, Radio Music Hall, Chicago Theater, Mastercard cardholders, Chevron Locations: Coachella, Hulu, presales, Madison, New York City, Los Angeles
The Q3 2024 bonus categories are gas and EV charging, movies, and ticketed live entertainment events such as concerts and shows. That's why you can think of the Chase Freedom Flex® and Chase Freedom® bonus categories as earning you either 5% back or 5x points. Q3 2024: Chase Freedom Flex® and legacy Chase Freedom® cardholders can activate bonus categories online or through their Chase account until September 14, 2024. Points earned on the Chase Freedom Flex® and the Chase Freedom® can be transferred to certain travel credit cards for significantly higher value. In Q3 2024, the bonus categories are gas and EV charging, movies, and live entertainment.
Persons: cardholders, Chase, takeout, you’ve, Cash, you've Organizations: Business, Citi, Citi Strata Premier, Card, Citi Prestige, EV, Walmart, Freedom, Chase, Chase Travel, PayPal, Foods, Gas, Amazon, Target, Wholesale, eBay, Cable, Department, Chase Travel ℠, Sapphire, United, Hyatt, Marriott, Discover, Restaurants, Citi Prestige ®, JetBlue, Singapore Airlines, Chase Credit, FDIC Locations: United Airlines, drugstores, Chevron
Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. LONDON — European stocks closed lower Wednesday, continuing negative sentiment seen in the previous two trading sessions as technology stocks plummeted. The regional Stoxx 600 index provisionally closed 0.43% lower, with most major bourses in the region falling and sectors trading mixed. European tech stocks plunged 4.4%, mirroring a sell-off seen across the Atlantic, where the Nasdaq Composite retreated 2% in early deals. U.S. stocks were broadly lower as investors continued to rotate out of megacap tech stocks into the broader market.
Organizations: LONDON, Nasdaq Locations: Paris, France, U.S
Discover Financial Services — Shares rose 2.7% after Discover Financial Services reported results from its second quarter. The bank and payments company posted net interest income of $3.52 billion, topping the FactSet consensus estimate of $3.46 billion. Kinder Morgan — Shares dropped 2.8% after Kinder Morgan posted quarterly results that were below expectations. United Airlines — The stock was down slightly, by 0.3% after United Airlines reported a mixed second quarter. Alcoa posted adjusted earnings of 16 cents per share, beating analysts' forecast for 9 cents per share, per LSEG.
Persons: Kinder Morgan —, Kinder Morgan, LSEG, , Darla Mercado Organizations: Discover Financial, Discover Financial Services, FactSet, Revenue, United Airlines, Steel, Steel Dynamics, Alcoa, Street
It's your last chance to shop Amazon Prime Day deals on tech, beauty products, vacuums and more. SKIP AHEAD The best Prime Day deals | More Prime Day sales to check out | The best sales at other retailersWant more from our everyday experts, straight to your inbox? Other Amazon Echo smart speakers are also on sale during Prime Day, including the Echo Spot ($44.99) and Echo Dot ($24.99). Best Prime Day salesHere are the best Prime Day sales to know about. Best Prime Day clothing, shoes and accessories salesBest Prime Day tech salesBest Prime Day home and kitchen salesBest Prime Day pet supplies salesBest Prime Day beauty and wellness salesBest Prime Day travel salesBest Prime Day food and beverage dealsPrime Day: Best sales at other retailersFrequently asked questions When does Amazon Prime Day end?
Persons: I’ve, they’re, It’s, Chamberlain, They’re, fanny, , Siri, Differin, dermatologists, shea, Alexa, Lindsay Schneider, Mili, it’s, you’ll, Chili Crisp, Zhong, TikTok Organizations: Amazon, NBC, AA, AAA, Apple, Netflix, Apple TV, Hulu, Spotify, Apple Music, Sirius XM, Chengdu Crunch, Amazon Prime, Wellness, Facebook, Twitter Locations: Chili, Zhong Sauce
Elevance expects adjusted earnings of at least $37.20 for 2024, while analysts polled by FactSet called for $37.28 per share. Second-quarter adjusted earnings and revenue came in slightly ahead of estimates. Omnicom — Shares of the corporate communications company fell 8% despite beating revenue expectations for the second quarter. Omnicom posted adjusted earnings of $1.95 per share, which came out in line with analyst forecasts polled by FactSet. Johnson & Johnson reported adjusted earnings of $2.82 per share on $24.45 billion in revenue.
Persons: Biden, ASML, Elevance, FactSet, Charles Schwab —, Cowen, Charles Schwab's, Omnicom, Datadog, Jefferies, Johnson, Johnson —, LSEG, , Jesse Pound, Hakyung Kim, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Bloomberg News, Biden Administration, Nvidia, AMD, Taiwan Semiconductor Manufacturing, VanEck Semiconductor, Qualcomm, HSBC, Hunt Transport Services, Revenue, FactSet, Reuters, UnitedHealth, Johnson, . U.S, Bancorp, U.S . Bancorp, Corporation, UBS Locations: China, ., V.F
US Bancorp -- The bank stock rose more than 1% after second-quarter earnings topped expectations. US Bancorp reported 97 cents in earnings per share, compared to a StreetAccount estimate of 94 cents per share, according to FactSet. J.B. Hunt Transport Services — The freight company pulled back about 3% after second-quarter results missed Wall Street's estimates. Omnicom notched earnings of $1.95 per share excluding items, which was in line with analyst forecasts polled by FactSet. The company expects earnings per share in a range of $9.97-$10.07, down from a prior guidance of $10.57-$10.72.
Persons: Biden, Joel Anderson, Morgan Stanley, J.B, Johnson, FactSet, , Sarah Min, Jesse Pound Organizations: Bloomberg News, Biden Administration, Nvidia, Taiwan Semiconductor, AMD, VanEck Semiconductor, Evercore ISI, Mizuho Securities, US Bancorp, Hunt Transport Services, FactSet, , V.F . Corporation, Omnicom, Reuters, Datadog, Johnson Locations: China
West Texas oil prices climbed about 2.4% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of slower economic growth in China. On Tuesday, Brent closed at its lowest since June 14 and WTI at its lowest since June 21. A weaker U.S. dollar also helped support oil prices after it fell to a 17-week low against a basket of other major currencies. A weaker dollar can boost demand for oil by making greenback-denominated commodities like oil cheaper for holders of other currencies. Also supporting crude prices was rising geopolitical risk, said George Khoury, global head of education and research at CFI, adding that tensions in the Middle East and Europe could continue to fuel risks.
Persons: Brent, WTI, George Khoury, Rystad, Svetlana Tretyakova Organizations: Huntington Beach , California ., U.S, West Texas, Energy Information Administration, American Petroleum Institute, CFI Locations: Huntington Beach , California, Huntington Beach , California . West Texas, China, Brent, United States, East, Europe, Liberia, Red Sea, Iran, Yemen, Beijing
The information for the following product(s) has been collected independently by Business Insider: Marriott Bonvoy Boundless® Credit Card, Chase Freedom Flex®. I saved over $5,000 with points and milesThis trip was only possible because of my stash of credit card points and miles. Katherine FanMy Sheraton Amsterdam hotel room would have cost $405.48 in cash Katherine FanI booked the room using a free night award I earned from a new customer bonus on the Marriott Bonvoy Boundless® Credit Card credit card. Note that credit card lenders may use many different variations of credit score models when considering your application. You can use credit card awards to book luxury vacations, seek out gritty adventures, and do everything else in between.
Persons: Taylor Swift, Taylor, would've, Johan Cruijff Arena, neve, I'm, Katherine Fan, Chase Travel ℠, Chase, redemptions Organizations: Business, Independence, Sheraton, Marriott, Amazon Prime, Visa, KLM, American, Marriott Gold, Google, Chase Sapphire, Chase Travel, Sapphire, TSA, FDIC Locations: Amsterdam, Texas, Europe, Netherlands, North America, U.S, Canada, Austin, Sheraton Amsterdam
With the S & P 500 surging more than 18% in 2024, it might be time for investors to make a few defensive moves in their portfolios. But that surge is spurring some financial advisors to reassess their clients' exposure to large-cap tech and turn toward currently unloved asset categories that could be poised to rise. "It might take a little longer to manifest but we think [health care] is an interesting combination of offense and defense, and it provides meaningful cash flows for investors," Saccocia said. Checking in on risk and cash Investors reviewing their 2024 gains should also reassess their risk profile and consider whether their asset allocation reflects their long-term goals. Tom Balcom, CFP and founder of 1650 Wealth Management in Lighthouse Point, Florida, has used custom market-linked notes to hedge clients' exposure to the market.
Persons: Nvidia —, Shon Anderson, Russell, Jerome Powell's, Shannon Saccocia, Neuberger Berman, Saccocia, Colin Gerrety, Gerrety, Tom Balcom, Balcom, Morningstar Organizations: Nvidia, Anderson Financial, Federal, Big Tech, Investors, JPMorgan Chase, UnitedHealth, Wealth Services Locations: Dayton , Ohio, REITs, North Bethesda , Maryland, Lighthouse Point , Florida
Hugo Boss shares plunged as much as 10% Tuesday after the company cut its sales outlook, becoming the latest high-end fashion line to warn of persistent woes in the luxury sector. The German fashion house said Monday that it expects full-year sales of up to 4.35 billion euros ($4.73 billion), down slightly from a previous forecast of up to 4.45 billion euros. The company attributed the revised outlook to "persistent macroeconomic and geopolitical challenges" and cited China and the U.K. as particularly challenging markets. Shares pared losses slightly to trade down 8.8% as of 9:53 a.m. London time. The guidance cut is the company's second so far this year, after the retailer in March said that 2024 sales growth was likely to slow to 3% to 6%.
Persons: Hugo Boss, Daniel Grieder, HUGO Locations: China, London
Treasury yields fall as investors digest Powell comments
  + stars: | 2024-07-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
ET, the yield on the 10-year Treasury was down by over three basis points to 4.1983%. The 2-year Treasury yield was last more than one basis point lower to 4.4404%. U.S. Treasury yields were lower on Tuesday as investors weighed comments from Federal Reserve Chairman Jerome Powell on the outlook for the economy and interest rates. On Monday, Powell said the central bank will not wait until inflation has reached its 2% target rate before cutting interest rates. Powell, however, said the Fed is still looking for "greater confidence" that inflation will return to 2%.
Persons: Jerome Powell, Powell Organizations: Treasury, U.S, Federal, Traders
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