American Express reports a sharp rise in third-quarter profits, driven by a successful transition to its higher-fee Platinum Card. The company announces a

American Express reports a sharp rise in third-quarter profits, driven by a successful transition to its higher-fee Platinum Card

American Express raised its full-year earnings forecast to between $18.30 and $18.60 a share as customer spending continues to rise.

American Express profits rose sharply in the third quarter as it transitioned the vast majority of its members to a new, higher-fee Platinum Card while its well-to-do customers continued to spend aggressively.

Oil prices were little changed in early Asian trade on Friday, after rising 4% to a five-month high in the previous session due ​to concern of further energy supply disruption after Houthi attacks ‌on top exporter Saudi Arabia.

Oil prices rose on Friday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the Middle East.

Brent oil prices rose to their highest since May and WTI crude rose to $100/bbl before pulling back on Thursday following further deadly attacks in Saudi Arabia that hit the international airport in the eastern city of Dammam,

Three people were killed in two attacks on an Aramco oil field and an airport in Saudi Arabia’s Eastern Province Wednesday. The US State Department issued an ordered departure for non-emergency personnel and their families from the kingdom.