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Stockreport

Credit Card Rewards Are A Hidden Subsidy. AI Will Change This. [Forbes]

American Express Company (AXP)  More Company Research Source: Forbes
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
Getty Images Credit card rewards function as a tax on those without credit cards and those with credit cards but without the ability or inclination to keep up with the panoply of options. When I use my American Express card to buy a train ticket, the train company donates money (via a circuitous route) to American Express and American Express rewards me with British Airways points. Everyone who buys their ticket with a debit card is subsidising my next vacation. I wonder if their bots will be so generous? Credit Card Rewards Reward Who? There are many observers who are uncomfortable with the way that payment cards work in practice. There is, for example, the criticism that card issuers explicitly charge the rest of the economy for the work involved in recruiting and rewarding the most desirable customers. The Commerce Commission of New Zealand recently published a consultation paper on the costs to businesses and consumers of card payments which makes this point. They summarise [Read more]
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Stockreport

Credit Card Rewards Are A Hidden Subsidy. AI Will Change This. [Forbes]

American Express Company  (AXP) 
More Company Research Source: Forbes
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
Getty Images Credit card rewards function as a tax on those without credit cards and those with credit cards but without the ability or inclination to keep up with the panoply of options. When I use my American Express card to buy a train ticket, the train company donates money (via a circuitous route) to American Express and American Express rewards me with British Airways points. Everyone who buys their ticket with a debit card is subsidising my next vacation. I wonder if their bots will be so generous? Credit Card Rewards Reward Who? There are many observers who are uncomfortable with the way that payment cards work in practice. There is, for example, the criticism that card issuers explicitly charge the rest of the economy for the work involved in recruiting and rewarding the most desirable customers. The Commerce Commission of New Zealand recently published a consultation paper on the costs to businesses and consumers of card payments which makes this point. They summarise [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AXP
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS