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- BTS92BTS92
  ·2022-08-22
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  Jackson Hole, Inflation, Dollar Stores: What to Know This Week in Markets
  The attention of the financial world will turn to Grand Teton National Park in the week ahead.The Ka
  Jackson Hole, Inflation, Dollar Stores: What to Know This Week in Markets
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- BTS92BTS92
  ·2022-07-23
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  American Express Shares Rose 4% in Morning Trading
  American Express shares rose 4% in morning tradingafterthecopmpanyraised revenue forecast on resilient card spending.American Express Coraised its annual revenue forecast on Friday as consumers shrug
  American Express Shares Rose 4% in Morning Trading
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- BTS92BTS92
  ·2022-04-18
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  @新虎分析：
  $Tesla Motors(TSLA)$ 1000?
  $Tesla Motors(TSLA)$ 1000?
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- BTS92BTS92
  ·2022-02-14
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  Join Tiger Ski Championship, Win a Bonus of Up to USD 2022
  @TigerEvents：
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  Join Tiger Ski Championship, Win a Bonus of Up to USD 2022
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The July jobs report dispelled concerns from some Fed officials that the labor market is softening, perhaps making the case for continued aggression on raising rates.</p><p>&#34;To the extent that those developments cancel each other out, we still expect the Fed to hike rates by 50 [basis points] next month,&#34; Hunter wrote. &#34;There doesn’t appear to be much need for Chair Jerome Powell to adjust expectations when he speaks at Jackson Hole next Friday.&#34;</p><p>Powell&#39;s speech will be released at 10:00 a.m. ET on Friday, and for the first time the Fed chair&#39;s speech — seen as the most important central bank communication of the year — will stream live. Yahoo Finance&#39;sBrian Cheung will be on the ground in Wyoming to bring readers and viewers full coverage of the events.</p><p>In addition to Powell&#39;s speech, updates on service sector activity, inflation, and consumer sentiment will feature on the economic calendar. PCE inflation — the Fed&#39;s preferred measure — is set for release at 8:30 a.m. ET on Friday, just 90 minutes before Powell&#39;s speech. Powell&#39;s speech will begin simultaneously with the release of the University of Michigan&#39;s latest consumer sentiment index.</p><p>For Fed Watchers, the coming week will hardly offer a summer Friday.</p><p>Though earnings season has largely wrapped up, this week&#39;s trickle of results will still offer investors key updates, with reports out of Nvidia (NVDA), salesforce.com (CRM), Ulta Beauty (ULTA), and dollar store operators Dollar Tree (DLTR) and Dollar General (DG) — the week&#39;s most notable releases.</p><p>Last week&#39;s results from Walmart(WMT) andTarget(TGT) helped allay some investor fears over the state of the consumer, with these results coming in better-than-feared. However, both companies&#39; reports signaled a more cautious approach from shoppers as inflation pressures bit during the summer months.</p><p>Walmart CFO John David Rainey told Yahoo Finance last week the company saw customers trade down — particularly in grocery — during the quarter. Rainey also told analysts on a conference call the company had canceled billions in orders.</p><p>Back in May, Dollar Tree and Dollar General offered some of the earliest indications that consumers were using their grocery runs as an opportunity to cut costs. Results from both retailers this week will be parsed for signs of any continued, modified, or accelerated behavioral shifts.</p><p>Nvidia&#39;s latest report comes also comes at a crucial juncture for the semiconductor industry, often seen as a bellwether for global economic demand. Earlier this month, Nvidiawarned its quarterly results would miss estimates, and reports this week catalogued the growing concerns around demand in the chip space as global economic activity appears to soften.</p><p>Last week, markets snapped a four-week winning streak, with the tech-heavy Nasdaq dropping over 2% and the S&amp;P 500 falling more than 1%.</p><p>This loss of momentum in the summer market rally came as the latest leg of the meme stock trade fizzled out, with Bed Bath &amp; Beyond (BBBY) shares falling 40% on Friday, after GameStop (GME) chairman Ryan Cohen disclosed he&#39;d sold his entire 11.8% position in the struggling retailer.</p><p>Cohen&#39;s sale also came as Bloomberg reported late Thursday that Bed Bath &amp; Beyond has engaged Kirkland &amp; Ellis, a law firm known for its restructuring and bankruptcy work. After the close on Friday, Bloomberg reported some suppliers for Bed Bath &amp; Beyond had halted shipments due to unpaid bills by the retailer.</p><p>While the collapse in Bed Bath &amp; Beyond shares served as the splashiest move, last week also saw several of this summer&#39;s &#34;losers turned winners&#34; struggle, with names like Peloton (PTON), Robinhood (HOOD), and Coinbase (COIN) all falling more than 13% for the week.</p><p>—</p><p>Economic calendar</p><p>Monday: <b>Chicago Fed National Activity Index</b>, July (-0.19 previously)</p><p>Tuesday: <b>S&amp;P Global U.S. Manufacturing PMI</b>, August preliminary (51.9 expected, 52.2 previously); <b>S&amp;P Global U.S. Services PMI</b>, August preliminary (50 expected, 47.3 previously); <b>Richmond Fed manufacturing index</b>, August (-5 expected, 0 previously); <b>New home sales</b>, July (-2.5% expected, -8.1% expected)</p><p>Wednesday: <b>MBA mortgage applications</b>; <b>Durable goods orders</b>, July (+0.8% expected, +2% previously);<b>Durable goods orders excluding transportation</b>, July (+0.2% expected; +0.4% previously); <b>Pending home sales</b>, July (-2% expected, -8.6% previously)</p><p>Thursday: <b>Initial jobless claims</b>(252,000 expected, 250,000 previously); <b>Second quarter GDP</b>, second estimate (-0.8% expected; -0.9% previously); <b>Kansas City Fed manufacturing activity</b>, August (13 previously)</p><p>Friday:<b>Personal income</b>, July (+0.6% expected, +0.6% previously);<b>Personal spending</b>, July (+0.5% expected, +1.1% previously);<b>Whole inventories</b>, July (+1.4% expected, +1.8% previously);<b>Retail inventories</b>, July (+2% previously);<b>PCE, month-on-month</b>, July (+0.1% expected, 1% previously);<b>PCE, year-on-year</b>, July (+6.4% expected, +6.8% previously);<b>Core PCE, month-on-month</b>, July (+0.3% expected, +0.6% previously);<b>Core PCE, year-on-year</b>, July (+4.7% expected; +4.8% previously);<b>University of Michigan consumer sentiment</b>, August (55.3 expected, 55.1 previously)</p><p>—</p><p>Earnings calendar</p><p>Monday:<b>Zoom</b>(ZM),<b>Nordson</b>(NDSN),<b>Palo Alto Networks</b>(PANW)</p><p>Tuesday:<b>Medtronic</b>(MDT),<b>J.M. Smucker</b>(SJM),<b>JD.com</b>(JD),<b>Intuit</b>(INTU),<b>Advance Auto Parts</b>(AAP)</p><p>Wednesday:<b>Splunk</b>(SPLK),<b>NetApp</b>(NTAP),<b>Autodesk</b>(ADSK),<b>salesforce.com</b>(CRM),<b>Nvidia</b>(NVDA)</p><p>Thursday:<b>Dollar Tree</b>(DLTR),<b>Dollar General</b>(DG),<b>Workday</b>(WDAY),<b>MarvellTechnology</b>(MRVL),<b>UltaBeauty</b>(ULTA)</p><p>Friday: <i>No major earnings set for release.</i></p><p>—</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jackson Hole, Inflation, Dollar Stores: What to Know This Week in Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJackson Hole, Inflation, Dollar Stores: What to Know This Week in Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-22 09:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jackson-hole-market-preview-august-21-173439862.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The attention of the financial world will turn to Grand Teton National Park in the week ahead.The Kansas City Federal Reserve will host its annual economic symposium in Jackson Hole this week, with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jackson-hole-market-preview-august-21-173439862.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/jackson-hole-market-preview-august-21-173439862.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145254202","content_text":"The attention of the financial world will turn to Grand Teton National Park in the week ahead.The Kansas City Federal Reserve will host its annual economic symposium in Jackson Hole this week, with Friday morning's speech from Fed Chair Jerome Powell expected to highlight the proceedings as investors search for clues on the central bank's next move.This year's symposium marks the first in-person Jackson Hole conference since 2019.A close-reading of Powell's comments on Friday will boil down to whether investors see the Fed chair signaling another 0.75% interest rate hike from the Fed at its next policy announcement on September 21, or whether the Fed will ease its pace of rate hikes and increase benchmark rates by 0.50%.In a note to clients Friday, Andrew Hunter, senior U.S. economist at Capital Economics, wrote that recent economic events are likely to set the table for a 0.50% rate hike in September.July inflation data showed a modest softening in inflation pressures, arguing for easing the pace of hikes. The July jobs report dispelled concerns from some Fed officials that the labor market is softening, perhaps making the case for continued aggression on raising rates.\"To the extent that those developments cancel each other out, we still expect the Fed to hike rates by 50 [basis points] next month,\" Hunter wrote. \"There doesn’t appear to be much need for Chair Jerome Powell to adjust expectations when he speaks at Jackson Hole next Friday.\"Powell's speech will be released at 10:00 a.m. ET on Friday, and for the first time the Fed chair's speech — seen as the most important central bank communication of the year — will stream live. Yahoo Finance'sBrian Cheung will be on the ground in Wyoming to bring readers and viewers full coverage of the events.In addition to Powell's speech, updates on service sector activity, inflation, and consumer sentiment will feature on the economic calendar. PCE inflation — the Fed's preferred measure — is set for release at 8:30 a.m. ET on Friday, just 90 minutes before Powell's speech. Powell's speech will begin simultaneously with the release of the University of Michigan's latest consumer sentiment index.For Fed Watchers, the coming week will hardly offer a summer Friday.Though earnings season has largely wrapped up, this week's trickle of results will still offer investors key updates, with reports out of Nvidia (NVDA), salesforce.com (CRM), Ulta Beauty (ULTA), and dollar store operators Dollar Tree (DLTR) and Dollar General (DG) — the week's most notable releases.Last week's results from Walmart(WMT) andTarget(TGT) helped allay some investor fears over the state of the consumer, with these results coming in better-than-feared. However, both companies' reports signaled a more cautious approach from shoppers as inflation pressures bit during the summer months.Walmart CFO John David Rainey told Yahoo Finance last week the company saw customers trade down — particularly in grocery — during the quarter. Rainey also told analysts on a conference call the company had canceled billions in orders.Back in May, Dollar Tree and Dollar General offered some of the earliest indications that consumers were using their grocery runs as an opportunity to cut costs. Results from both retailers this week will be parsed for signs of any continued, modified, or accelerated behavioral shifts.Nvidia's latest report comes also comes at a crucial juncture for the semiconductor industry, often seen as a bellwether for global economic demand. Earlier this month, Nvidiawarned its quarterly results would miss estimates, and reports this week catalogued the growing concerns around demand in the chip space as global economic activity appears to soften.Last week, markets snapped a four-week winning streak, with the tech-heavy Nasdaq dropping over 2% and the S&P 500 falling more than 1%.This loss of momentum in the summer market rally came as the latest leg of the meme stock trade fizzled out, with Bed Bath & Beyond (BBBY) shares falling 40% on Friday, after GameStop (GME) chairman Ryan Cohen disclosed he'd sold his entire 11.8% position in the struggling retailer.Cohen's sale also came as Bloomberg reported late Thursday that Bed Bath & Beyond has engaged Kirkland & Ellis, a law firm known for its restructuring and bankruptcy work. After the close on Friday, Bloomberg reported some suppliers for Bed Bath & Beyond had halted shipments due to unpaid bills by the retailer.While the collapse in Bed Bath & Beyond shares served as the splashiest move, last week also saw several of this summer's \"losers turned winners\" struggle, with names like Peloton (PTON), Robinhood (HOOD), and Coinbase (COIN) all falling more than 13% for the week.—Economic calendarMonday: Chicago Fed National Activity Index, July (-0.19 previously)Tuesday: S&P Global U.S. Manufacturing PMI, August preliminary (51.9 expected, 52.2 previously); S&P Global U.S. Services PMI, August preliminary (50 expected, 47.3 previously); Richmond Fed manufacturing index, August (-5 expected, 0 previously); New home sales, July (-2.5% expected, -8.1% expected)Wednesday: MBA mortgage applications; Durable goods orders, July (+0.8% expected, +2% previously);Durable goods orders excluding transportation, July (+0.2% expected; +0.4% previously); Pending home sales, July (-2% expected, -8.6% previously)Thursday: Initial jobless claims(252,000 expected, 250,000 previously); Second quarter GDP, second estimate (-0.8% expected; -0.9% previously); Kansas City Fed manufacturing activity, August (13 previously)Friday:Personal income, July (+0.6% expected, +0.6% previously);Personal spending, July (+0.5% expected, +1.1% previously);Whole inventories, July (+1.4% expected, +1.8% previously);Retail inventories, July (+2% previously);PCE, month-on-month, July (+0.1% expected, 1% previously);PCE, year-on-year, July (+6.4% expected, +6.8% previously);Core PCE, month-on-month, July (+0.3% expected, +0.6% previously);Core PCE, year-on-year, July (+4.7% expected; +4.8% previously);University of Michigan consumer sentiment, August (55.3 expected, 55.1 previously)—Earnings calendarMonday:Zoom(ZM),Nordson(NDSN),Palo Alto Networks(PANW)Tuesday:Medtronic(MDT),J.M. Smucker(SJM),JD.com(JD),Intuit(INTU),Advance Auto Parts(AAP)Wednesday:Splunk(SPLK),NetApp(NTAP),Autodesk(ADSK),salesforce.com(CRM),Nvidia(NVDA)Thursday:Dollar Tree(DLTR),Dollar General(DG),Workday(WDAY),MarvellTechnology(MRVL),UltaBeauty(ULTA)Friday: No major earnings set for release.—","news_type":1},"isVote":1,"tweetType":1,"viewCount":508,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9077740840,"gmtCreate":1658591198280,"gmtModify":1676536179952,"author":{"id":"4087201650959230","authorId":"4087201650959230","name":"BTS92","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087201650959230","authorIdStr":"4087201650959230"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077740840","repostId":"1165254806","repostType":4,"repost":{"id":"1165254806","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1658498268,"share":"https://ttm.financial/m/news/1165254806?lang=&edition=fundamental","pubTime":"2022-07-22 21:57","market":"us","language":"en","title":"American Express Shares Rose 4% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1165254806","media":"Tiger Newspress","summary":"American Express shares rose 4% in morning tradingafterthecopmpanyraised revenue forecast on resilient card spending.American Express Coraised its annual revenue forecast on Friday as consumers shrug ","content":"<html><head></head><body><p>American Express shares rose 4% in morning trading after the copmpany raised revenue forecast on resilient card spending.</p><p><img src=\"https://static.tigerbbs.com/0bb46595449aa696121c256df64568ae\" tg-width=\"856\" tg-height=\"619\" referrerpolicy=\"no-referrer\"/></p><p>American Express Co raised its annual revenue forecast on Friday as consumers shrug off decades-high inflation and the threat of a recession to spend heavily on its cards, sending the company&#39;s shares 5% higher in premarket trading.</p><p>Major U.S. banks including JPMorgan Chase &amp; Co and Citigroup Inc have in recent weeks pointed to the resilience in consumer spending in the face of an uncertain economic outlook, a welcome sign for card companies.</p><p>AmEx said it now expects full-year revenue growth of between 23% and 25%, compared with 18% to 20% previously.</p><p>Spending on the company&#39;s cards rose to record levels in the second quarter, with travel and entertainment segments surpassing pre-pandemic levels for the first time and spending by Millennial and Gen Z members jumping almost 50%.</p><p>That helped AmEx post a net income of $2.57 per share, beating the $2.41 expected by analysts, according to Refinitiv data.</p><p>&#34;Even though the U.S. social-economic environment seems to be filled with recession fears, we&#39;ve seen consumer spending continue to trend up over the last 18 months,&#34; said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors.</p><p>&#34;Since price inflation is faster than salary inflation, it might make sense for a family to purchase some big ticket durables now rather than wait till the items increase more relative to wages.&#34;</p><p>The worsening economic picture, however, prompted AmEx to add $410 million in provisions for credit losses, a sharp contrast to the benefit of $606 million a year ago.</p><p>The New York-based company&#39;s efforts to attract customers by spending on rewards and perks also drove up expenses by nearly a third to $10.4 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Express Shares Rose 4% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-07-22 21:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>American Express shares rose 4% in morning trading after the copmpany raised revenue forecast on resilient card spending.</p><p><img src=\"https://static.tigerbbs.com/0bb46595449aa696121c256df64568ae\" tg-width=\"856\" tg-height=\"619\" referrerpolicy=\"no-referrer\"/></p><p>American Express Co raised its annual revenue forecast on Friday as consumers shrug off decades-high inflation and the threat of a recession to spend heavily on its cards, sending the company&#39;s shares 5% higher in premarket trading.</p><p>Major U.S. banks including JPMorgan Chase &amp; Co and Citigroup Inc have in recent weeks pointed to the resilience in consumer spending in the face of an uncertain economic outlook, a welcome sign for card companies.</p><p>AmEx said it now expects full-year revenue growth of between 23% and 25%, compared with 18% to 20% previously.</p><p>Spending on the company&#39;s cards rose to record levels in the second quarter, with travel and entertainment segments surpassing pre-pandemic levels for the first time and spending by Millennial and Gen Z members jumping almost 50%.</p><p>That helped AmEx post a net income of $2.57 per share, beating the $2.41 expected by analysts, according to Refinitiv data.</p><p>&#34;Even though the U.S. social-economic environment seems to be filled with recession fears, we&#39;ve seen consumer spending continue to trend up over the last 18 months,&#34; said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors.</p><p>&#34;Since price inflation is faster than salary inflation, it might make sense for a family to purchase some big ticket durables now rather than wait till the items increase more relative to wages.&#34;</p><p>The worsening economic picture, however, prompted AmEx to add $410 million in provisions for credit losses, a sharp contrast to the benefit of $606 million a year ago.</p><p>The New York-based company&#39;s efforts to attract customers by spending on rewards and perks also drove up expenses by nearly a third to $10.4 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AXP":"美国运通"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165254806","content_text":"American Express shares rose 4% in morning trading after the copmpany raised revenue forecast on resilient card spending.American Express Co raised its annual revenue forecast on Friday as consumers shrug off decades-high inflation and the threat of a recession to spend heavily on its cards, sending the company's shares 5% higher in premarket trading.Major U.S. banks including JPMorgan Chase & Co and Citigroup Inc have in recent weeks pointed to the resilience in consumer spending in the face of an uncertain economic outlook, a welcome sign for card companies.AmEx said it now expects full-year revenue growth of between 23% and 25%, compared with 18% to 20% previously.Spending on the company's cards rose to record levels in the second quarter, with travel and entertainment segments surpassing pre-pandemic levels for the first time and spending by Millennial and Gen Z members jumping almost 50%.That helped AmEx post a net income of $2.57 per share, beating the $2.41 expected by analysts, according to Refinitiv data.\"Even though the U.S. social-economic environment seems to be filled with recession fears, we've seen consumer spending continue to trend up over the last 18 months,\" said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors.\"Since price inflation is faster than salary inflation, it might make sense for a family to purchase some big ticket durables now rather than wait till the items increase more relative to wages.\"The worsening economic picture, however, prompted AmEx to add $410 million in provisions for credit losses, a sharp contrast to the benefit of $606 million a year ago.The New York-based company's efforts to attract customers by spending on rewards and perks also drove up expenses by nearly a third to $10.4 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":589,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9081680897,"gmtCreate":1650240130397,"gmtModify":1676534674770,"author":{"id":"4087201650959230","authorId":"4087201650959230","name":"BTS92","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087201650959230","authorIdStr":"4087201650959230"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081680897","repostId":"9083736769","repostType":1,"repost":{"id":9083736769,"gmtCreate":1650160139272,"gmtModify":1676534658936,"author":{"id":"3582640878386673","authorId":"3582640878386673","name":"新虎分析","avatar":"https://static.tigerbbs.com/a70af8809a95756364cc82fcfde2f404","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582640878386673","authorIdStr":"3582640878386673"},"themes":[],"htmlText":"<a 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To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","listText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. 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Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: Click to Join the Game","images":[{"img":"https://static.tigerbbs.com/a7b44fa056439fb4010fa55e163d27c3","width":"750","height":"1726"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004448317","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}