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Share to Twitter Share to Linkedin Topline American Express shares surged Friday after the U.S.’ second-largest credit card company posted strong quarterly earnings , with American Express brass boasting about its wealthier consumer base’s resilience even as the U.S. economy borders on recession. Key Facts American Express reported $14.18 billion in revenue and $2.07 earnings per share, each below analyst expectations, but the stock rose 11% as investors latched onto an optimistic outlook from the company and a planned 15% increase in quarterly dividends to $0.60 per share. "We aren't seeing recessionary signals," CEO Stephen Squeri told Yahoo Finance after his company reported its highest-ever quarterly cardholder spending. Squeri’s assertion came even as the latest consumer spending data revealed Americans spent 1.1% less on retail last month compared to November. But credit card companies have largely benefited as … [Read more...] about American Express CEO: No Sign Of ‘Recessionary Signals’ As Credit Card Spending Soars

New Zealand's Kane Williamson (right) and Indian skipper Virat Kohli (File image: Reuters/Martin Hunter) India will take on New Zealand in the ICC World Test Championship Final starting on June 18 at the Rose Bowl stadium in Southampton, United Kingdom. The finale is the culmination of the two-year-long inaugural Test championship organised by the International Cricket Council (ICC). WTC was launched to try and add context to Test cricket. Team India and the Kiwis will be fighting it out over the weekend to lift the first-ever Test championship title – along with $1.6 million in prize money and the iconic Test Mace. The losing team will get $800,000 for finishing second in the nine-team competition. The two sides will split the total prize money of $2.4 million in the event of a draw. LIVE Updates: WTC Final - IND vs NZ: Check ball-by-ball updates, full scorecard here Read More The teams’ journey so far The Indian team defeated West Indies 2-0 … [Read more...] about WTC Final | India vs New Zealand: A quick guide to bring you up to speed

Share to Twitter Share to Linkedin What Happened Yuga Labs, the creators of the successful NFT collections the Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club, and Otherside metaverse, has launched its first Web3 game called Dookey Dash. Holders of Bored Apes and Mutant Apes were able to mint free “sewer passes” which are NFTs required to play the game. In total, 23,390 passes were issued across four tiers of holders, with higher tiers receiving in-game bonuses and access to exclusive content. The top tier passes were issued to wallets holding both Bored Ape and Kennel NFTs, and the bottom tier were sent to wallets holding a Mutant Ape NFT. Dookey Dash went live on January 19th and will only remain playable for three weeks, through February 8th. The game is an “endless runner” style experience reminiscent of the popular mobile game, Temple Run, and the gameplay entails dodging obstacles and collecting special items. The more … [Read more...] about NFT Blue Chip Yuga Labs Dives Into Web3 Gaming, But Speculative Frenzy Could Leave Some Investors Hurting

Share to Twitter Share to Linkedin If you want to understand how travel insurance is changing — and how it could change the way you travel this year — you have to meet Robin. Robin (full name, Robin Assist) is a new technology-driven service platform used by insurance companies to process travel insurance claims, among other things. "Technology can really help when you're filing a claim," says Sasha Gainullin, CEO of battleface , the company that created Robin. "It can find the policy you have. It can eliminate the need for a claim form. It can identify the expense that you're filing against the policy." Tectonic changes in travel insurance for 2023 Robin could change the way you file your travel insurance claim in 2023. At the moment, travel insurance companies are sitting on hundreds of thousands of unprocessed claims from the holiday air travel meltdowns and even a few from this summer. Technology like Robin could dramatically accelerate the … [Read more...] about 6 Surprising New Developments In Travel Insurance That Will Change The Way You Plan Your Next Trip