• American Express currency sales practices latest to draw bait-and-switch scrutiny

    2 monthes ago - By CNBC

    The Wall Street Journal reported on Monday that Amex's foreign exchange unit recruited small business customers with low currency conversion rates only to quietly raise those rates later.
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  • The Jets and their rookie quarterback are in a standoff over 2 small contract details unlikely to be used, and it's threatening to get ugly

    The Jets and their rookie quarterback are in a standoff over 2 small contract details unlikely to be used, and it's threatening to get ugly

    2 monthes ago - By Business Insider

    The New York Jets and Sam Darnold are in a standoff over his rookie contract that has bled into training camp.
    Darnold and the Jets are reportedly at odds over offset language and voids over guaranteed money, two issues that are unlikely to affect a first-round rookie quarterback like Darnold.
    According to a report, the Jets appear to be "entrenched" in their position, creating the potential for the standoff to get ugly.
    Just four days into training camp, the New York Jets are having quarterback problems again.
    The Jets and Sam Darnold, the quarterback they took with the third overall pick...
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  • American Express purposefully jacked its FX prices for small businesses without telling them, according to a new report

    American Express purposefully jacked its FX prices for small businesses without telling them, according to a new report

    2 monthes ago - By Business Insider

    A new report by the Wall Street Journal alleges that American Express lured small companies into attractive foreign exchange deals, then later jacked the rates.
    The logic, according to the Journal, was to increase AmEx's profits without making their clients aware.
    Sources said the company chose smaller clients because they were less likely to watch exchange rates closely and notice a difference.
    American Express pushed back, and said their approach to foreign exchange is " fair and transparent."
    The foreign exchange business at American Express reportedly spent more than a decade...
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