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The American Express Singapore Airlines Business Credit Card will enhance travel rewards for SMEs starting 23 April 2025. Key benefits include an increased conversion limit of HighFlyer points to KrisFlyer miles, discounted KrisFlyer Elite Gold status redemption, and a welcome bonus of 10,000 HighFlyer points for new users. The card also offers up to eight HighFlyer points per SGD1 spent on eligible flights and an annual fee of SGD400.
Clear Secure has announced an extension of its partnership with American Express, enhancing their collaboration in the financial services sector. This move is expected to strengthen their offerings and improve customer experiences. The partnership reflects a commitment to innovation and growth in the industry.
CLEAR has renewed its partnership with American Express for another year, continuing to offer eligible Card Members up to $199 in annual statement credits for CLEAR Plus Membership. This service enhances airport experiences by allowing members to verify their identity quickly using advanced face-first technology. Eligible American Express Cards include the Personal, Corporate, and Small Business Platinum Cards, the Green Card, and the Hilton Honors Aspire Card.
CLEAR has renewed its partnership with American Express for a second one-year term, continuing to offer eligible Card Members up to $199 in annual statement credits for CLEAR Plus Membership. This benefit, available to various American Express cards, enhances the airport experience through rapid identity verification using face-first technology.
Affirm Holdings Inc. has expanded its partnerships with J.P. Morgan Payments and Adyen, enhancing its payment options for U.S. merchants and increasing its market reach. Goldman Sachs maintains a Buy rating with a $56 price target, while BMO Capital Markets projects a recovery path with potential earnings growth by 2027. Despite a 46% year-over-year revenue increase, Affirm remains unprofitable, facing challenges from competition and regulatory risks.
U.S. consumers are reducing spending due to high inflation and a bleak economic outlook, leading to increased debt and rising delinquencies in auto loans, credit cards, and home credit lines. Retailers report cautious shopping behavior, with consumers prioritizing deals and lower-priced items. Analysts warn that this trend may signal future credit payment issues, as federal student loan delinquencies are set to reappear, potentially straining already stretched finances.
An American Airlines passenger received a $100,000 refund instead of the expected $1,000, leading to a chaotic four-week ordeal. The airline mistakenly charged $28 million to their American Express account, resulting in account suspension due to high credit exposure. After multiple errors and escalations, the situation was resolved by March 24, with both companies apologizing and offering compensation.
Wealth Enhancement Advisory Services LLC increased its stake in American Express by 23.7% in Q4, now holding 382,701 shares valued at $113.58 million. Other firms, including Centaurus Financial Inc. and IronOak Wealth LLC, also boosted their positions, contributing to institutional investors owning 84.33% of the stock. Analysts have mixed ratings, with a consensus "Hold" and a target price of $302.57, while Citigroup recently lowered its target from $320 to $300.
U.S. consumer confidence has plummeted to a 12-year low, with the Conference Board reporting a significant drop in its headline measure and expectations index. Synchrony Financial noted that households are tightening spending amid rising inflation concerns, impacting retail stocks like Walmart and Target. Despite the gloomy outlook, Synchrony maintains a Moderate Buy rating, suggesting potential upside for its stock.
U.S. consumers are reducing spending amid rising inflation and economic uncertainty, leading to increased debt and higher delinquency rates in auto loans, credit cards, and home credit lines. Retailers report cautious shopping behavior, with consumers seeking deals and opting for lower-priced items. Analysts warn that this trend could signal worsening financial conditions, potentially resulting in higher loan defaults as federal student loan delinquencies reemerge.
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