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- American Express Stock Falls as Company Plans to Cut 5% of Global Jobs
- American Express is cutting 5% of its workforce to 'prepare for AI'
American Express CEO Stephen Squeri said the company will eliminate 5% of its global workforce, announced on the same day it reported third-quarter results. The company is taking a $336 million restructuring charge in the quarter, which typically includes employee severance costs. Amex had almost 77,000 employees at the end of 2025. Squeri said the company needed to become more agile and efficient to accelerate innovation and gain greater capacity to invest in its business priorities.
- American Express Company Q3 2026 Earnings Call Summary
- American Express Falls 3% Despite Q3 Beat and Higher Profit Floor; Visa and Mastercard Slip
American Express shares fell 3% to $316.65 in morning trading despite adjusted EPS of $4.68, above the $4.51 consensus, and a raised low end of its full-year adjusted EPS forecast now at $17.60 to $17.90. GAAP EPS of $5.42 included a $982 million pre-tax gain from selling a stake in a corporate travel business. Card Member billed business rose 8% to $454 billion, and the net write-off rate improved to 1.8% from 1.9%. However, total revenue of $20.06 billion missed the $20.12 billion estimate, and a lower effective tax rate of 18.1% from 24.1%, driven by discrete one-time benefits, lifted net income. Visa fell 0.6% to $411.99 and Mastercard 0.5% to $630.05, while the Financial Select Sector SPDR ETF was down 0.8%.
- American Express Earnings Reveal There’s 1 Consumer Group Not Concerned With High Interest Rates
- College was supposed to be ‘good debt.’ For many borrowers, it isn’t paying off
Student loans were long seen as “good debt,” but soaring tuition, changes to the federal lending system and a volatile job market are prompting many borrowers to question that. More than 42 million Americans now carry federal education debt totaling over $1.7 trillion, up from about $516 billion and 28 million borrowers 20 years ago. Average annual tuition and fees at a private four-year college rose from $14,550 (inflation-adjusted) in 1971-72 to $45,000 in 2025-2026, while the number of borrowers owing over $100,000 grew from 2.4 million to 3.8 million in the past decade. The article also notes that the “one big beautiful bill” act (OBBBA) eliminated several repayment plans and cut borrower safeguards, while AI is disrupting entry-level hiring.
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- Down Roughly 50% From Its Highs, Is Netflix Stock Finally a Buy?
Netflix (NFLX) shares have fallen roughly 50% from their all-time closing high of $133.91 on June 30, 2025, following the company's third-quarter report. Before the report, Netflix fired its chief content officer and announced its largest layoff since 2022, hiring former Disney executive Peter Rice as it struggled to produce U.S. blockbuster shows. In Q3, revenue rose 12% to $12.87 billion and adjusted EPS jumped 49% to $0.87, above the $0.82 analyst estimate compiled by LSEG. Netflix guided Q4 revenue to $13.4 billion but trimmed full-year revenue to $51.1 billion and cut its ad revenue forecast from $3 billion to $2.7 billion due to a slower ad rollout. The article argues that at a forward P/E of about 17 times 2027 estimates, the valuation now looks attractive.
- Police and protesters clash in Paris as demonstrations break out across Europe
Demonstrations took place in many European cities on Saturday, from Milan to Madrid, while in Paris clashes erupted near the march's endpoint at Porte de Vincennes, where police fired tear gas and used water cannons. The Interior Ministry put nationwide turnout at 410,000, including 110,000 in Paris, and police used tear gas in Lyon, Clermont-Ferrand and Strasbourg and water cannons in Nice and Nantes. Crowd estimates in Marseille differed sharply: police counted 17,000 while the CGT union said 100,000. Education Ministry figures showed 15.4 million teaching hours lost in the 2024-25 school year because absent teachers were not replaced, equal to 7.5% of scheduled time. The unrest is testing President Macron's authority before voters choose his successor in May, and the far-right National Rally has urged people to channel their anger into votes for it.
- U . S . Senate candidate Peltola calls the economy the only plot line that matters
Former U.S. Rep. Mary Peltola, a Democrat, has made the economy her top priority in her close race against Republican Sen. Dan Sullivan in Alaska, where spending has topped $100 million. She says rising prices for fuel, food, health insurance, utilities and rent are voters' main concern, and has said the Iran war should not progress in order to ease energy costs. Her proposals include eliminating income taxes for Americans earning less than $92,000 a year by raising taxes on the ultra-wealthy, increasing the Child Tax Credit and making Social Security solvent. Economists say Alaskans are feeling squeezed by record-high diesel and heating fuel prices, and Peltola cited a Selawik household with a $1,500 electric bill. Sullivan, who has backed the president's policies and argues he has cut taxes and expanded oil drilling, has an estimated net worth of $8.2 million, partly from holdings in RPM International.
- Abbott Laboratories vs . UnitedHealth : Does Health Innovation or Health Insurance Make for a Better Stock to Buy ?
The article compares Abbott Laboratories (ABT), a maker of medical devices, diagnostics and nutrition products, with UnitedHealth Group (UNH), which runs the UnitedHealthcare insurance arm and Optum health services. In FY 2025 Abbott's revenue rose about 6% to $44.3 billion, but net income fell to about $6.5 billion from $13.4 billion, largely due to a $385 million settlement. UnitedHealth's revenue grew nearly 12% to about $447.6 billion, while net income dropped to about $12.1 billion from $14.4 billion, a net margin of about 2.7%. Medicaid and Medicare premiums made up 44% of UnitedHealth's 2025 revenue, exposing it to government policy, while Abbott faces FDA oversight and debt from its $20 billion acquisition of Exact Sciences. Free cash flow was about $7.4 billion for Abbott and about $16.1 billion for UnitedHealth in FY 2025.
- Voters angry about high prices may get little relief from the next Congress
The article argues that voters expecting a new Democratic Congress to lower prices may be disappointed, since the main drivers of inflation are the Iran war's impact on energy prices, the AI boom and President Donald Trump's trade policies. Even if Democrats win control of the House and Senate on Nov. 3, they are unlikely to end the war or Trump's tariffs. Consumer prices are up 30 percent since the start of the pandemic, three times the increase of the prior six years, and over the past year they rose more than twice as fast as typical earnings, according to the BLS. Economists surveyed by Bloomberg expect inflation to slow to a 2.4 percent annual rate by fall 2027, but prices would still be rising from already high levels. Goldman Sachs expects leading hyperscalers including Alphabet, Microsoft and Meta to spend a combined $1.2 trillion in 2027, up from around $800 billion this year, while the federal budget deficit of almost $2 trillion also contributes to rising prices.
- Paraguay Joins Pax Silica , the US AI Supply Chain Pact
On 23 October, Paraguay became the 26th signatory of the US-led Pax Silica declaration, a pact to build AI and chip supply chains among trusted partners. Washington and Asunción pledged to use Paraguay's critical minerals and hydropower for AI infrastructure, tying the small ally to the US effort to reduce dependence on China. A separate 15-year power contract signed on 22 October covers up to 286 megawatts for an AI data centre at US$48.91 to US$56.39 per megawatt hour. No projects, deadlines, investments or companies have been named, and the declaration is a statement of intent rather than a treaty. The first 6 megawatts of data centre power are due on 1 December.
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