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Hot take: Don't insult dead kids

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*American Express beats Wall Street's Q3 expectations*

American Express (AXP) - Get Free Report beat Wall Street's third-quarter earnings estimates, boosted by strong card member spending as well as travel and entertainment. The financial services giant reported earnings of $2.45 billion, or $3.30 per share, up from $1.88 billion or $2.47 per share a year earlier. On average, analysts had expected a profit of $2.94 per share, according to LSEG IBES data.Related: Credit card expert reveals the truth behind controversial Visa, Mastercard fee hikes In July, American Express posted record revenue of $15.1 billion for the second quarter, up 12% year-over-year, marking five successive quarters of record revenues. The company also said that cardmember spending hit a quarterly high. Net income came to $2.2 billion, or $2.89 per share, up 12% from the year-ago period. Total network volume rose 8% year-over-year to $426.6 billion. "Travel and Entertainment spending remained robust, increasing 13 percent on an FX-adjusted basis," CEO Stephen Squeri said in a statement. "Restaurant spending was again one of our fastest-growing T&E categories, and our Resy restaurant platform continued to generate high levels of user engagement, marking another quarter of record reservations." Despite the good news, AmEx boosted its provisions for credit losses to $1.23 billion, up 58% from last year, amid concerns about a slowing economy and rising oil prices due to the Israel-Hamas war. American Express partners with Delta Air Lines (DAL) - Get Free Report to offer the Delta SkyMiles Reserve and Delta SkyMiles Reserve Business cards. Delta recently walked back some major changes that included cutting Sky Club lounge access benefits from American Express cards. “I have read hundreds of your emails, and what's been most clear to me is how much you love Delta and the disappointment many of you felt by the significance of the changes,” CEO Ed Bastian said in an Oct. 18 email sent to SkyClub members.
[Read more...](https://www.thestreet.com/investing/american-express-reveals-record-profits-robust-spending)
American Express beats Wall Street's Q3 expectations

American Express (AXP) - Get Free Report beat Wall Street's third-quarter earnings estimates, boosted by strong card member spending as well as travel and entertainment. The financial services giant reported earnings of $2.45 billion, or $3.30 per share, up from $1.88 billion or $2.47 per share a year earlier. On average, analysts had expected a profit of $2.94 per share, according to LSEG IBES data.Related: Credit card expert reveals the truth behind controversial Visa, Mastercard fee hikes In July, American Express posted record revenue of $15.1 billion for the second quarter, up 12% year-over-year, marking five successive quarters of record revenues. The company also said that cardmember spending hit a quarterly high. Net income came to $2.2 billion, or $2.89 per share, up 12% from the year-ago period. Total network volume rose 8% year-over-year to $426.6 billion. "Travel and Entertainment spending remained robust, increasing 13 percent on an FX-adjusted basis," CEO Stephen Squeri said in a statement. "Restaurant spending was again one of our fastest-growing T&E categories, and our Resy restaurant platform continued to generate high levels of user engagement, marking another quarter of record reservations." Despite the good news, AmEx boosted its provisions for credit losses to $1.23 billion, up 58% from last year, amid concerns about a slowing economy and rising oil prices due to the Israel-Hamas war. American Express partners with Delta Air Lines (DAL) - Get Free Report to offer the Delta SkyMiles Reserve and Delta SkyMiles Reserve Business cards. Delta recently walked back some major changes that included cutting Sky Club lounge access benefits from American Express cards. “I have read hundreds of your emails, and what's been most clear to me is how much you love Delta and the disappointment many of you felt by the significance of the changes,” CEO Ed Bastian said in an Oct. 18 email sent to SkyClub members.
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*ТЕСТ: Что вы знаете о донорстве костного мозга?*

Трансплантация костного мозга — тот случай, когда не обойтись без идеального совпадения. Проверьте, сможете ли вы разобраться, где правда о донорстве, а где — мифы.
[Read more...](https://lifehacker.ru/donorstvo-kostnogo-mozga-test/)
*Stock Market Today: Stock futures slide and oil surges*

Stock futures were sliding Friday, while the Mideast pushed oil prices higher and bond yields pulled back from record highs Futures tied to the Dow Jones Industrial Average were down 18 points to 33,529, while the S&P 500 was off 3.50 points to 4,229.50 and the tech-heavy Nasdaq slipped 23 points. Brent crude was up 1.24% to $93.53 a barrel, while West Texas Crude climbed 1.49% to $90.70, sparked by the Israel-Hamas war. Israel continues to signal they are moving toward a ground invasion of the Gaza Strip. A U.S. Navy warship operating in the Middle East intercepted multiple projectiles near the coast of Yemen on Thursday, CNN reported. The yield on the benchmark 10-year Treasury note stood at 4.935% early on Friday, falling back from the brink of 5% reached late Thursday, the first time it has traded above that level since July 20, 2007.Related: Bond-market meltdown: What's happening, what it means and why you should care Stocks closed down Thursday amid the most aggressive bond market sell-offs in more than a year even as Federal Reserve Chairman Jerome Powell struck a neutral tone on rate hikes during a key policy speech in New York. Powell remarks, which included a nod to softer inflation data set against the resilient domestic economy, suggest a further indication of the Fed's "wait and see" stance on near-term rate hikes, following a series of data releases showing stronger-than-expected retail sales, a resilient job market and above-trend economic growth. “Given the uncertainty in the outlook, markets are pricing in roughly a 30% chance the Fed will increase rates in December and if not in December, then a higher likelihood of an increase in January,” said Jeffrey Roach, chief economist for LPL Financial. “However, we believe the economy is slowing enough that the markets are overpricing the likelihood of more rate hikes.” Roach noted that investors learned from the Beige Book “that business is slowing and delinquencies are picking up, indicating the economy is no longer on a strong growth trajectory.” Global payment company American Express (AXP) - Get Free Report and oil services company Schlumberger (SLB) - Get Free Report are due to report earnings on Friday.Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/investing/stock-market-today-stocks-futures-slide-oil-surges-amid-mideast-tension)
Stock Market Today: Stock futures slide and oil surges

Stock futures were sliding Friday, while the Mideast pushed oil prices higher and bond yields pulled back from record highs Futures tied to the Dow Jones Industrial Average were down 18 points to 33,529, while the S&P 500 was off 3.50 points to 4,229.50 and the tech-heavy Nasdaq slipped 23 points. Brent crude was up 1.24% to $93.53 a barrel, while West Texas Crude climbed 1.49% to $90.70, sparked by the Israel-Hamas war. Israel continues to signal they are moving toward a ground invasion of the Gaza Strip. A U.S. Navy warship operating in the Middle East intercepted multiple projectiles near the coast of Yemen on Thursday, CNN reported. The yield on the benchmark 10-year Treasury note stood at 4.935% early on Friday, falling back from the brink of 5% reached late Thursday, the first time it has traded above that level since July 20, 2007.Related: Bond-market meltdown: What's happening, what it means and why you should care Stocks closed down Thursday amid the most aggressive bond market sell-offs in more than a year even as Federal Reserve Chairman Jerome Powell struck a neutral tone on rate hikes during a key policy speech in New York. Powell remarks, which included a nod to softer inflation data set against the resilient domestic economy, suggest a further indication of the Fed's "wait and see" stance on near-term rate hikes, following a series of data releases showing stronger-than-expected retail sales, a resilient job market and above-trend economic growth. “Given the uncertainty in the outlook, markets are pricing in roughly a 30% chance the Fed will increase rates in December and if not in December, then a higher likelihood of an increase in January,” said Jeffrey Roach, chief economist for LPL Financial. “However, we believe the economy is slowing enough that the markets are overpricing the likelihood of more rate hikes.” Roach noted that investors learned from the Beige Book “that business is slowing and delinquencies are picking up, indicating the economy is no longer on a strong growth trajectory.” Global payment company American Express (AXP) - Get Free Report and oil services company Schlumberger (SLB) - Get Free Report are due to report earnings on Friday.Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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*Schlumberger beats third-quarter earnings, misses on revenue*

Schlumberger beat third-quarter earnings expectations on Oct. 20, but the oil services company missed revenue forecasts. The Houston-based company reported earnings of 78 center per share, beating estimates by 1 cent. Revenue totaled $8.31 billion, up 11% year-over-year, but falling short of Wall Street's forecasts by $10 million.Related: The big reason falling gas prices may not last Schlumberger (SLB) - Get Free Report CEO Olivier Le Peuch said in a statement that third-quarter revenue increased 3% sequentially — by more than $200 million — "driven by the Middle East & Asia, which increased 8% in the quarter and continues to demonstrate positive investment momentum." "Our strong quarterly performance was propelled by broad-based growth across Saudi Arabia, the United Arab Emirates, Indonesia, China, Malaysia, Kuwait, and Oman," he said. "Similarly, revenue in our offshore business grew as our activity continues to benefit from operators working to renew supply, accelerate cycle times, and increase the productivity of their assets." "This was particularly notable in offshore Africa, Brazil, and Scandinavia," he added. Le Peuch said the oil and gas industry continued to benefit from a multiyear growth cycle that has shifted to the international and offshore markets. "Concurrently, upstream spending is accelerating as operators continue to invest in long-cycle developments, production capacity expansions, exploration and appraisal, and enhanced gas production," he said. "The long-term nature of these global investments underscores the breadth, durability, and resilience of this cycle, and we expect these market dynamics to continue to drive profitable growth in the years ahead." Looking ahead, Le Peuch said he expected sequential revenue growth in the fourth-quarter. Oil prices were climbing on Friday, driven by the Israel-Hamas war, with Israel moving closer to an invasion of the Gaza Strip. A U.S. Navy warship shot down missiles appearing to head toward Israel Thursday and American bases in Iraq and Syria were repeatedly targeted by drone attacks, the Associated Press reported.
[Read more...](https://www.thestreet.com/investing/stocks/schlumberger-beats-third-quarter-earnings-revenue-miss)
Schlumberger beats third-quarter earnings, misses on revenue

Schlumberger beat third-quarter earnings expectations on Oct. 20, but the oil services company missed revenue forecasts. The Houston-based company reported earnings of 78 center per share, beating estimates by 1 cent. Revenue totaled $8.31 billion, up 11% year-over-year, but falling short of Wall Street's forecasts by $10 million.Related: The big reason falling gas prices may not last Schlumberger (SLB) - Get Free Report CEO Olivier Le Peuch said in a statement that third-quarter revenue increased 3% sequentially — by more than $200 million — "driven by the Middle East & Asia, which increased 8% in the quarter and continues to demonstrate positive investment momentum." "Our strong quarterly performance was propelled by broad-based growth across Saudi Arabia, the United Arab Emirates, Indonesia, China, Malaysia, Kuwait, and Oman," he said. "Similarly, revenue in our offshore business grew as our activity continues to benefit from operators working to renew supply, accelerate cycle times, and increase the productivity of their assets." "This was particularly notable in offshore Africa, Brazil, and Scandinavia," he added. Le Peuch said the oil and gas industry continued to benefit from a multiyear growth cycle that has shifted to the international and offshore markets. "Concurrently, upstream spending is accelerating as operators continue to invest in long-cycle developments, production capacity expansions, exploration and appraisal, and enhanced gas production," he said. "The long-term nature of these global investments underscores the breadth, durability, and resilience of this cycle, and we expect these market dynamics to continue to drive profitable growth in the years ahead." Looking ahead, Le Peuch said he expected sequential revenue growth in the fourth-quarter. Oil prices were climbing on Friday, driven by the Israel-Hamas war, with Israel moving closer to an invasion of the Gaza Strip. A U.S. Navy warship shot down missiles appearing to head toward Israel Thursday and American bases in Iraq and Syria were repeatedly targeted by drone attacks, the Associated Press reported.
Read more...