American Express - Febspot

American Express

A collection of 3 posts

Millennials and Gen Z top American Express consumer spending, execs say — I.insider.com

Millennials and Gen Z top American Express consumer spending, execs say

For the first time, millennials and Gen Z cardholders made up the largest share of US consumer spending on American Express cards last quarter, CFO Christophe Le Caillec said on the company’s fourth-quarter earnings call. Le Caillec said those cohorts are the fastest-growing for Amex as the company targets

Business leaders split over Trump’s proposed 10% credit‑card interest cap — I.insider.com

Business leaders split over Trump’s proposed 10% credit‑card interest cap

Businessinsider: President Donald Trump proposed a one-year 10% cap on credit‑card interest rates starting January 20, 2026, saying consumers are being "ripped off" by rates he said can be as high as 20% or 30%. The proposal drew mixed responses from industry leaders. Klarna CEO Sebastian Siemiatkowski

Trump proposes one-year 10% cap on credit card interest, prompting market and expert concern — Api.time.com

Trump proposes one-year 10% cap on credit card interest, prompting market and expert concern

Time reports President Donald Trump has proposed a one-year cap on credit card interest rates at 10%, saying the change would take effect on Jan. 20. The announcement coincided with early trading drops for some U.S. credit card companies when the New York Stock Exchange opened, with American Express,