Here’s the real reason American Express offers such big rewards

Armed with impressive rewards and a loyal customer base, AmEx is a giant in the credit card industry. The company’s revenue has grown more than 32% since 2017, when adjusted for inflation, and the company’s shares have shown resilience and growth in a tumultuous market. “Rebate revenue,” or fees charged to merchants who accept its … Read more

What is a “continuing recession” and are we there? Experts explain

By most indicators, the US economy is doing well. Although the first half of 2022 started with negative growth, a strong labor market and a resilient consumer helped turn the tide and provide hope for the year ahead. Gross domestic product, which tracks the overall health of the economy, rose more than expected in the … Read more

investors await key inflation report

Treasury yields rose on Friday as investors awaited key inflation figures and gauged the outlook for the U.S. economy after Thursday’s gross domestic product report came in better than expected. As of 4:35 a.m. ET, the benchmark return 10-year cash flow rose more than four basis points to 3.5367%. The Cash 2 years the yield … Read more

Mortgage rates drop ahead of Fed meeting next week

washington d.c. CNN — Mortgage rates fell slightly this week, remaining nearly flat ahead of the Federal Reserve’s closely watched interest rate setting meeting next week. The 30-year fixed-rate mortgage averaged 6.13% in the week ending Jan. 26, down from 6.15% the previous week, according to Freddie Mac data released Thursday. A year ago, the … Read more

investors await key economic data

Treasury yields were flat on Thursday as investors awaited economic data that could provide clues to how the U.S. economy is doing as headwinds continue. The benchmark 10-year Treasury note was trading at around 3.473% as of 5:47 a.m. ET. The Cash 2 years the yield last rose just under 1 basis point to 4.143%. … Read more

Americans run out of emergency savings in ‘dangerous scenario’

Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios in New York City. jenny anderson | WireImage | Getty Images An unexpected bill is never convenient. But there are even more reasons now that an unforeseen event — like a car repair or medical bill — could put Americans in a financially unstable … Read more