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Dell Technologies World: Amex CEO on how Covid-19 has accelerated consumer adoption of e-commerce American Express CEO Stephen Squeri was among the commentators called upon during this year's Dell Technologies World keynote to discuss how the world of work and IT has changed during the pandemic Share this item with your network: By Published: 06 May 2021 11:23 American Express CEO Stephen Squeri claims that Covid-19 has accelerated consumers’ adoption of online shopping methods by three to five years, and it remains to be seen how many will switch back to bricks-and-mortar stores once ...

The US consumers are slowly resuming travel and spending on entertainment and eating out, but overall travel spending is still weak and will take some years to bounce back to pre-Covid levels, according to America Express.

Message : Required fields (Reuters) - American Express Co said on Friday travel and entertainment-related spending on its cards halved in the first quarter as customers stayed at home during the COVID-19 crisis, overshadowing its better-than-expected profit. Cross-border restrictions and a resurgence of COVID-19 cases in several parts of the world have forced people and businesses to put travel on hold, hitting credit-card issuers. Chief Financial Officer Jeffrey Campbell said in an interview with Reuters the continued travel restrictions would slow a rebound in business travel for large ...

A roundup of some of the North American equities making moves in both directions

AmEx profit beats on over $1 billion reserve release boost 04/23/2021 11:22 (Reuters) -American Express Co exceeded quarterly profit estimates on Friday as it released more than $1 billion worth of funds it had set aside to cover potential coronavirus loan losses. The outlook for card companies is improving as government stimulus and vaccine rollouts fuel an economic recovery, helping the industry recover from a pandemic-driven slump in non-essential consumer spending last year. "We view 2021 as a transition year, where we are focused on making investments to rebuild growth momentum in our co...