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Credit card giant American Express posted a 34% jump in its first quarter profits on Friday, helped by more customers spending on its namesake cards as well as more customers keeping a balance on the cards. The jump in profits for AmEx came largely from higher cardmember spending on their accounts as well as more balances collecting interest. AmEx takes a small percentage of each transaction spent on their cards as a fee from merchants, which was its primary business model for decades.
Jury selection will continue — and could conclude — Friday in former President Donald Trump's historic New York criminal trial.
U.S. Secretary of State Antony Blinken criticised on Friday Chinese support for Russia's defence industry, saying Beijing was currently the primary contributor to Moscow's war in Ukraine though its provision of critical components for weaponry. Speaking at a news conference capping the end of a gathering of G7 foreign ministers on the Italian island of Capri, Blinken said Washington had made it very clear to Beijing and others that they should not be aiding Russia's war effort in Ukraine.
Paris police cordoned off an area around an Iranian consulate amid reports of a man threatening to detonate a bomb, but a suspect was quickly detained.
India began voting Friday in a six-week election with an all but assured victory for Hindu nationalist Prime Minister Narendra Modi, as a weakened opposition is pushed to the sidelines."I urge all those voting... to exercise their franchise in record numbers," he wrote in a post on X as the election began.
The Environmental Protection Agency on Friday designated two forever chemicals that have been used in cookware, carpets and firefighting foams as hazardous substances, an action intended to ensure quicker cleanup of the toxic compounds and require industries and others responsible for contamination to pay for its removal. Designation as a hazardous substance under the Superfund law doesn’t ban the chemicals, known as PFOA and PFOS. The EPA then may require cleanups to protect public health and recover costs that can reach tens of millions of dollars.
A Nigerian court on Friday adjourned a tax evasion trial against cryptocurrency exchange Binance and two of its executives to May 17 after the matter was stalled because the exchange has not been formally served with the charges. Binance and its executives Tigran Gambaryan, a U.S. citizen and head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan who is a regional manager for Africa, face four counts of tax evasion.
Tesla is recalling more than 3,000 of its newly launched 2024 Cybertrucks because of the possibility that a pedal can get stuck and cause the vehicle to accelerate unintentionally, increasing the risk of a crash. Tesla said that the accelerator pedal pad may dislodge and become trapped by the interior trim. The National Highway Traffic Safety Adminstration said that the recall involves model year 2024 Cybertrucks made between Nov. 13, 2023 and April 4, 2024.
Direct conflict between Israel and Iran, which threaten global oil supplies and could drive up energy costs, has investors on edge.
Asian - and particularly Chinese - watch enthusiasts attended this year’s Watches and Wonders fair in large numbers, eager to be inspired by the best new designs.
Netflix reported first quarter earnings after the bell on Thursday. Here's what to know.
Israel has carried out a strike inside Iran, a US official told CNN Friday, a move that threatens to push the region deeper into conflict. The target is not nuclear, the official added.
U.S. Secretary of State Antony Blinken repeatedly declined to confirm a reported Israeli attack on Iran on Friday, saying Washington has not been involved in any offensive operations and it was committed to de-escalating tensions in the region. "I'm not going to speak to that except to say that the United States has not been involved in any offensive operations," Blinken said at a news conference capping a gathering of G7 foreign ministers on the southern Italian island of Capri. "What we're focused on, what the G7 is focused on, and again, it's reflected in our statement, and in our conversation, is our work to de-escalate tensions, to de-escalate from any potential conflicts," Blinken said.
G7 powers are determined to bolster Ukraine's air defences, their foreign ministers said on Friday after repeated Russian air strikes which have wrecked power infrastructure and killed hundreds. The Group of Seven major powers -- Italy, Canada, France, Germany, Japan, Britain, the United States and European Union representatives -- has been fiercely critical of Russia's two-year long invasion of Ukraine.
Israel's long-term credit rating is being downgraded by S&P, which cited the risk of military escalation with Iran. It is the second major U.S. credit ratings agency to do so. There was an apparent drone attack at a major air base and a nuclear site near the central city of Isfahan early Friday, which is suspected of being part of an Israeli retaliation for Tehran’s unprecedented drone-and-missile assault on the country days ago.
VILNIUS, Lithuania — As many in Europe worry about the possibility of a second presidency for Donald Trump that they fear could bring an end to U.S. support for Ukraine, some of Russia’s most fervent foes are taking a different tack: making nice with the Trump camp. To that end, the governing party of Lithuania, a steadfast supporter of Ukraine, last month organized meetings between Ukrainians, Baltic politicians who want increases in military spending to counter Russia, and a group of former Tr
National Park Week starts on Saturday, and it also starts off with a bang-for-your-buck.
Follow along with live updates from Donald Trump's hush money trial as alternate jurors are chosen for the former president's criminal case.
Jury selection in the hush money trial of former President Donald Trump is set to resume Friday following a frenetic day Thursday that eventually saw all 12 jurors and one alternate sworn in after two previously seated jurors were dismissed earlier in the day. One of those jurors was excused Thursday after expressing doubt about her ability to be fair and impartial after aspects of her identity were disclosed and a second seated juror was removed following concerns over the accuracy of his answers to questions about whether he had ever been accused or convicted of a crime. Lawyers are now focused on picking five alternates.
The objects bear the scars of a massacre.
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