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AmEx surges most in over two years on profit, revenue forecast

Bloomberg American Express Co. (AmEx) jumped the most in more than two years after the credit-card giant predicted that revenue and earnings for this year will surge well above what analysts estimated. While total volume on AmEx’s network increased less than expected in the final three months of last year, the record number of new cardholders AmEx added in 2022 should ...

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Goldman Sachs’s Solomon joins CEOs taking pay cuts

  Bloomberg As layoffs at technology and finance firms in the US have piled up, their executives have talked at length about the need to cut costs in a challenging economic environment. At some of the biggest firms, the same austerity measures are also being applied in the C-suite. David Solomon, the chief executive officer of Goldman Sachs Group Inc., ...

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Automakers eye market for small electric pickups

  Bloomberg Having zipped from six-figure sedans to Costco-crushing SUVs, electrification is finally zeroing in on the auto industry’s most esoteric form: the tiny pickup truck. At least two major carmakers are considering adding small, battery-powered pickups to their growing parade of EVs. At General Motors Co., spokesman Stuart Fowle says a pint-sized pickup is one of several electric options ...

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