AmEx Quarterly Profit Exceeds Expectations on Cost Control

AmEx raises 2024 profit forecast Credit remains 39;very strong39;, CFO says Stock drops about 5 Oct 18 Reuters American Express reported thirdquarter profit above Wall Street estimates on Friday, benefiting from disciplined expense management that helped cushion a blow from softer fee growth. Shares of AmEx fell nearly 5 even as the credit card giant raised […]
Read More

US SingleFamily Homebuilding Rises to FiveMonth High

Singlefamily housing starts rise 2.7 in September Building permits for singlefamily housing up 0.3 Housing still expected to have been a drag on Q3 GDP WASHINGTON, Oct 18 Reuters U.S. singlefamily homebuilding surged to a fivemonth high in September, but permits for future construction rose only marginally amid excess supply of new homes on the […]
Read More

China Sept Thermal Power Generation Up 8.9 yy

BEIJING, Oct 18 Reuters China39;s thermal power generation in September rose 8.9 from a year earlier, statistics bureau data showed on Friday. Thermal power generation, which refers to generation largely from coal and some gasfired power plants, was 545.1 billion kilowatthours kWh last month, according to the National Bureau of Statistics NBS. That was stronger […]
Read More