This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: The Chart of the Day What we're watching What we're reading Economic data releases and earnings What does it mean that only a fraction of the country's population — its wealthiest consumers — are propping up spending growth, while the vast majority of people are barely shelling out enough to keep pace with inflation? One answer to that question, on a grand scale, is that the US ...

MX is upping the perks and fees on its platinum cards. For the first time since 2021, American Express unveiled updates to its flagship card with the annual fee jumping nearly 30% from $695 to $895. The hike kicks in at renewal.Now, to justify the cost, MX is stacking on perks. It says top $3,500 a year, including $600 in hotel credits, $400 in dining credits via resi, $300 in Lululemon credits, $200 towards an Aura ring, plus things like lounge access, TSA Pre-Check, and hotel status perks. The shakeup com ...

The Platinum Card® from American Express is getting a major update — along with a new price tag. After teasing new updates earlier this year, Amex is overhauling both of its most premium cards, the Platinum Card and The Business Platinum Card® from American Express. In addition to a new, limited-edition mirror design, the revamped cards will offer brand-new annual credits, enhanced benefits, and more. Here’s everything to know, whether you’re an existing Platinum cardholder or considering whether a premiu ...

American Express The updated American Express Platinum cards are available in a "mirror" design. American Express has updated its popular Platinum card—and lifted its annual fee to nearly $900. It's the latest move by a big credit-card issuer to rejigger the offerings of a popular high-end card and to lift the fee users pay to get them. American Express (AXP) in June teased "major updates" to its Platinum Card lineup. That announcement came one day before rival JPMorgan Chase (JPM) introduced changes to ...

财务数据和关键指标变化 - 第二季度非GAAP净销售额同比增长10%至1 196亿美元 主要受传统银行和领先金融科技公司强劲的国内需求推动 [12] - 非GAAP毛利率从去年同期的51 6%提升至57 5% 主要得益于CompoSecure操作系统带来的制造效率提升和有利的产品组合 [21] - 调整后EBITDA同比增长26%至4 63亿美元 反映了有机收入增长和操作系统实施初期的运营效率提升 [12][21] - 公司上调全年指引 预计非GAAP净销售额将达到45 5亿美元 调整后EBITDA预计为15 8亿美元 均高于此前中个位数增长的预期 [12][26] 各条业务线数据和关键指标变化 - 金属卡业务继续保持全球领先地位 但仅占支付卡市场不到1%的份额 显示出巨大的增长潜力 [7] - Arculus数字认证和资产保护平台连续第二个季度实现净盈利 主要得益于Coinbase与美国运通合作推出的Coinbase OneCard等创新产品 [17] - Arculus产品线包括基于密码的认证器Arculus Authenticate、安全支付解决方案和数字资产硬件钱包Arculus Cold Storage [18] 各个市场数据和关键指标变化 - 国内净销售额同比增长22%至10 43亿美元 增加了1 91亿美元 [24] - 国际净销售额同比下降35%至1 53亿美元 减少了8 100万美元 主要由于国际业务规模相对较小导致波动性更大 [24] 公司战略和发展方向和行业竞争 - 公司正在全面实施CompoSecure操作系统(COS) 已在所有职能部门推广 建立了更严格的结构和纪律 [14] - 重点投资人才和制造能力 以支持长期增长和持续执行 同时保持强劲的利润率 [15] - 金属卡正从高净值客户扩展到大众富裕阶层和大众市场 公司认为在每年超过40亿张支付卡的市场中仍有巨大增长空间 [16] - 行业竞争加剧 主要发卡机构如大通、美国运通等都在加大高端金属卡的投入以吸引和保留高价值客户 [16][17] 管理层对经营环境和未来前景的评论 - 管理层对金属卡市场机会持乐观态度 认为消费者需求持续增长 发卡机构越来越倾向于通过高端体验实现差异化 [16] - 公司相信设计领导力、运营执行力和可信赖的客户关系将帮助其继续扩大市场份额 [16] - 加密货币领域的发展 包括稳定币的兴起 为公司提供了与Coinbase、Robinhood等平台合作的新机遇 [58][59] 其他重要信息 - 公司首席财务官Tim Fitzsimmons宣布将于今年晚些时候退休 结束在公司13年的任职 [19] - 自2025年2月28日Resolute Holdings分拆后 公司采用权益法会计处理CompoSecure Holdings的业绩 [20] - 截至2025年6月30日 公司持有9 65亿美元现金及等价物 总债务19 25亿美元 净债务9 6亿美元 净债务杠杆率为0 66倍 [23] 问答环节所有的提问和回答 关于新产品上市时间 - 新产品如Citi Strata卡通常在财报中体现的时间取决于发卡机构规模 通常为1-2个季度 [29][30] 关于增长信心来源 - 增长信心来自市场机会的清晰认识以及运营系统带来的效率提升 包括制造效率和销售渠道优化 [34] 关于下半年业绩展望 - 管理层不认为第二季度业绩是提前透支 预计下半年将保持增长势头 [38][39] 关于利润率提升空间 - 公司认为仍有显著运营效率提升空间 将继续将部分收益再投资于制造和销售等领域的未来发展 [46][47][48] 关于并购策略 - 并购渠道丰富 公司将严格遵循核心标准寻找市场领先企业 重点关注能够带来增值效应的交易 [50][51] 关于金属卡市场竞争 - 管理层认为高端卡市场竞争对公司业务有利 推动了金属卡从高净值客户向更广泛人群的普及 [56][57] 关于Arculus业务发展 - Arculus的积极贡献主要来自收入增长 公司在销售和市场营销方面的投资保持平稳或略有增加 [63]

If you’ve rented a car in the past, you probably know that rental companies offer insurance coverage to protect you on the road. The most common coverage type is a loss damage waiver, which protects your rental from damage due to theft, vandalism, a collision, and more. While this coverage gives you valuable protection, you might not actually need it. That’s because your credit card might offer the coverage you need as a complimentary benefit. Here’s how credit card rental car insurance works and which ca ...

If you’re a frequent traveler who wants to level up your luxury, the recently updated Platinum Card® from American Express could help you accomplish this goal. This premium travel card offers a number of travel perks, including annual credits, airport lounge access, and exclusive hotel benefits. But luxury isn’t cheap, and the card comes with a pricey annual fee. Despite this, the Amex Platinum may still be worth it if you can maximize its many benefits. Here’s everything you need to know about the card ...