Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY)total return for the decade was 250.5%. But there's no question some big-name stocks did much better than others along the way.American Express' Difficult Decade One lackluster investment of the last decade was credit card giant American Express Company (NYSE: AXP).American Express kicked off the 2010s with a warning from the UK Office of Fair Trading warning the company against encouraging customers to convert unsecured credit card debts into secured debt.In 2012, the U.S. Consumer Financial Protection Bureau ordered American Express to return $85 million to 250,000 due to a wide range of abuses from 2003 to 2012, including misleading statements related to signup bonuses, charging illegal late fees and age-based discrimination against card applicants.American Express also ended a 12-year partnership with Costco Wholesale Corporation (NASDAQ: COST) in 2016. American Express was...
(Bloomberg) -- Iran vowed to target any U.S. military vessel that tries to endanger Iranian ships in the Persian Gulf, ramping up new frictions touched off by a hostile encounter at sea last week.“If any vessel or any military unit of the terrorist forces of America seek to put the security of any of our military or non-military vessels in danger, that unit or vessel will be targeted,” Islamic Revolutionary Guard Corps commander General Hossein Salami warned on Thursday. His comments to state TV were published by the corps’ official news website, Sepah News.Trump Tells Navy to Destroy Any Iranian Gunboat Harassing It Salami issued his threat a day after U.S. President Donald Trump said he’d ordered the U.S. Navy to destroy any Iranian gunboats that harass American ships. A week earlier, the Pentagon accused Iran of “dangerously” doing just that, but Salami reiterated Iran’s claim that American vessels approached its...
If you thought the collapse in oil prices this week was bad, next month could be “fundamentally worse,” with prices falling to -$100 a barrel, says one energy strategist....
