Even though investments in Bitcoin startups have recently decelerated, financial institutions like American Express are still getting more interested in the potential of BItcoin.
The Q3 figures for 2023 show that American Express pulled in record revenue despite increased expenses especially with customer engagements.
Currently, the Digital Labs arm of the company is working on utilizing LLMs for analyzing customers’ feedback and inquiries.
The jobs AmEx is planning to refill are available for doing remotely, as the company is flexible about the way the staff is performing their duties. Even after the Covid-19 pandemic was over, 40% of AmEx employees chose to work fully online.
The stock futures tied to all three major indexes advanced after Goldman Sachs’ latest earnings report came in better than expected.
Analysts opine that expected earnings reports could impact investors’ reaction to the stock market after last week’s volatility.
The stock market turned up underwhelming numbers on Thursday as talks of a recessionary plunge continue to dominate the financial outlook.
With this announcement, American Express joins the list of major financial brands to put their foot into the metaverse.
KPMG announced that it will completely exit the Russian network in a move to help its Ukrainian colleagues and thus support humanitarian efforts.
Visa and Mastercard’s decision to cut links with Russia has seen Russian banks turn to China’s UnionPay for assistance.
The US stock market turns optimistic by absorbing the rise in Treasury Yield. Wall Street remains on the edge awaiting the CPI inflation data on Thursday.