Finance

American Express shares dip after earnings. Here’s how to play the stock

Market Movers rounded up the best reactions from investors and analysts on American Express . The pros discussed the credit card company and its second-quarter results released before Friday’s market open. American Express beat expectations on earnings, reporting $2.89 per share compared with analysts’ forecasts for $2.81 per share. Although the company’s $15.05 billion in…

Finance

Stocks making the biggest moves midday: Scholastic, AutoNation, Herc, American Express and more

People look at vehicles at the AutoNation Toyota dealership in Cerritos, California. Mario Anzuoni | Reuters Check out the companies making headlines in midday trading. Scholastic — The publisher jumped 14.2% after announcing it would increase its share repurchase amount by $100 million. Traders also appeared to cheer the company’s quarterly results. Scholastic posted $2.26…

Finance

Stocks making the biggest moves premarket: American Express, AutoNation, CSX and more

Check out the companies making headlines before the bell: American Express — American Express slid 3% after posting smaller-than-expected revenue for the previous quarter, even as earnings per share beat expectations. The company reported second-quarter earnings of $2.89 per share on revenue of $15.05 billion. Analysts polled by Refinitiv had expected per-share earnings of $2.81…

Finance

FTX lawyers accuse Sam Bankman-Fried of financing his criminal defense with $10 million in misappropriated funds

Indicted FTX founder Sam Bankman-Fried exits United States Court in New York City, June 15, 2023. Mike Segar | Reuters Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued in Delaware bankruptcy court on Thursday by his ex-company’s lawyers, who accuse him and members of his leadership team of stealing hundreds of millions of…

Finance

Stocks making the biggest moves after hours: CSX, PPG Industries, Knight-Swift Transportation and more

A CSX freight train is seen in Orlando. Paul Hennessy | Lightrocket | Getty Images Check out the companies making headlines in after-hour trading. CSX — The transportation company dropped 5% after missing Wall Street expectations for revenue in the second quarter, coming in at $3.7 billion against a $3.74 billion estimate from analysts polled…

Finance

Federal Reserve officially launches new FedNow instant-payments service

The U.S. Federal Reserve Building in Washington, D.C. Win Mcnamee | Reuters The Federal Reserve launched its FedNow instant-payments service Thursday, following several years of developing a system officials say will allow the faster flow of cash for businesses and individuals. Whether it’s providing instant access to paychecks, allowing for last-minute bill payments or sending…