In the midst of the recession in 2010, American Express created Small Business Saturday during Thanksgiving weekend to encourage people to do more of their holiday shopping at local businesses. The first Small Business Saturday was a success, and a year later, the Shop Small Movement gains momentum, local officials across the nation take notice and move to promote the day.
If any investor has stood the test of time, it's Warren Buffett, and with good reason. For years, the Oracle of Omaha has had a rock-star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal investor fans. Buffett remains one of the world's most prominent investors, known for his long buy-and-hold strategies and massive portfolio of public and private holdings.
Chief Executive Steve Squeri hailed millennial and Gen Z Platinum members as "very comfortable paying for its exceptional value and highly engaged in the product," underscoring the company's successful push to attract a new generation of premium customers. The company posted net income of $2.9 billion, reflecting a 16% increase over the prior year. Earnings per share rose 19% to $4.14, topping analyst estimates of $3.99.
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