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- Yahoo Finance Video
American Express CEO explains Q4 revenue miss
Yahoo Finance Executive Editor Brian Sozzi spoke with American Express CEO Stephen Squeri (AXP) about their recent earnings report, revenue forecasts, and consumer habits. The company missed out on revenue expectations, posting $15.8 billion versus an expected $15.99 billion. Sozzi explains that Squeri points to the devaluations of the Argentine peso as part of the reason for this miss. Brian Sozzi joins the Live show to break down his conversation with Squeri as well as take a deep dive into the financial services company's quarterly earnings. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
- Yahoo Finance Video
How much is the US dollar shaping global markets right now?
The US dollar has faced competing pressures, propelled in markets as a result of high-interest rates prompting inflows, yet also declining as belief grows that the Fed is done with its monetary tightening cycle. The dollar's strength was spurred by aggressive Fed policy which impacted many emerging market currencies, but with the Fed potentially pausing hikes now, some experts see room for recovery in battered currencies like Argentina's peso. Argentina faces immense economic hurdles with 143% inflation, negative foreign reserves, and the possibility of a recession. Yet hopes have pinned on newly elected President Javier Milei to lead a turnaround. A key part of his plan is shifting Argentina to use the US dollar as opposed to the peso. By eliminating the peso and adopting the U.S. dollar instead, Milei aims to tame inflation pressures and stabilize Argentina's economy. Yahoo Finance's Jared Blikre breaks down the details of the US dollar, providing insights into global currencies and stock markets that have benefited or been impacted by the dollar. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
