The writing is on the wall for American Express, but investors can’t see it. Like a lifelong Platinum-card holder oblivious to the better options now available, the company’s investors are oddly unconcerned about worsening competition.
Add General Electric to the list of businesses concerned about the risks from health policy uncertainty. Chief Executive Jeffrey Immelt noted on the fourth-quarter earnings conference call that the U.S health-care business faces some risks as a result.
President-elect Donald Trump inherits an economy in much stronger shape than at either of the past two inaugurations, but major questions loom over how he can boost productivity and deliver on his growth promises.