BusinessEconomy and Trading

American Express Posts Record Revenue as Younger Affluent Consumers Drive Premium Card Growth

American Express achieved record third-quarter revenue of $18.43 billion as affluent millennials and Gen Z members demonstrated strong spending power. The company’s premium Platinum card refresh generated unprecedented demand, with new account acquisitions doubling compared to pre-launch levels according to company reports.

Record Financial Performance

American Express reportedly posted its strongest third-quarter results in company history, with net income reaching $2.9 billion according to the earnings release. Sources indicate this represents a 16% increase compared to the same period last year, with earnings per share climbing 19% to $4.14, surpassing analyst expectations of $3.99. Total revenue net of interest expense reportedly reached an all-time high of $18.43 billion, marking an 11% year-over-year increase and exceeding the anticipated $18.05 billion. The strong performance prompted a 7% surge in American Express shares following the announcement.

BusinessMedia

Business Insider Appoints Marketing Veteran Josh Oshinsky to Lead Creative Strategy Division

Business Insider has recruited Josh Oshinsky, previously a senior creative leader at PepsiCo, to serve as Vice President of Creative Strategy. With two decades of experience spanning Sports Illustrated and major streaming platforms, Oshinsky will integrate newsroom, events, and video teams to develop comprehensive partner programs. The appointment signals Business Insider’s focus on expanding cross-functional marketing initiatives.

Business Insider Strengthens Marketing Leadership with Strategic Hire

Business Insider has appointed marketing veteran Josh Oshinsky as its new Vice President of Creative Strategy, according to company announcements. Oshinsky will join the Global Marketing and Sales team at Business Insider, where he will be responsible for unifying the newsroom, live events, video, and creative teams to develop integrated packages for the publication’s partners.

EducationPolicy

Elite Universities Defy Trump Administration’s Higher Education “Compact” Proposal

Multiple elite universities have rejected the Trump administration’s proposed “compact” that would require significant policy changes in exchange for federal benefits. The standoff highlights growing tensions between the federal government and higher education institutions over academic freedom and institutional autonomy.

Major Universities Reject Federal Proposal

Four of nine elite universities have reportedly rejected the Trump administration’s proposed “compact” for higher education reform as the October 20 deadline approaches, according to sources familiar with the matter. The University of Pennsylvania, Brown University, University of Southern California, and MIT have all announced they will not sign the agreement that would tie federal benefits to specific institutional changes.

Assistive TechnologyEnergy

Amazon Partners With X-Energy on Major Small Modular Nuclear Reactor Initiative

Amazon is moving forward with plans to power its cloud operations with small modular nuclear reactors through a major partnership with X-Energy. The companies plan to deploy up to 960 megawatts of nuclear capacity at a Washington state facility, though regulatory and technological hurdles remain before construction can begin later this decade.

Major Nuclear Investment for Cloud Power Needs

Amazon is moving forward with ambitious plans to power its cloud infrastructure using small modular nuclear reactors, according to recent reports. The technology giant has partnered with nuclear startup X-Energy in a $500 million investment announced last fall, with plans to eventually deploy 960 megawatts of nuclear capacity in Washington State.