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American Express Falls Despite Strong 2Q Profit; Verizon Earnings Beat | Stock Movers

On this episode of Stock Movers: - Charter Communications (CHTR) shares are lower in the premarket after the cable company reported second-quarter results that missed expectations on key metrics, including adjusted Ebitda and free cash flow. - American Express (AXP) shares are falling as even as it posted better-than-expected second-quarter profit as its cardholder base continued to spend in the past three months. The company said second-quarter expenses surged 12% as the company spent more on marketing to attract and retain premium cardholders. - Verizon (VZ) is lower, erasing an initial advance that came after the telecom company reported second-quarter results that beat expectations and raised its full-year forecast for adjusted earnings.

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Bloomberg

Dangote Group Expects Revenue to Hit $100 Bln in 2030

Fatima Dangote, Dangote Group executive director of commercial operations for oil and gas, tells Bloomberg Television the company forecasts revenue to jump to $100 billion by 2030. Speaking in an exclusive interview with Bloomberg's Jennifer Zabasajja, Aliko Dangote's daughter says the growth is going to come mainly from the company's "refinery, fertilizer and cement" businesses.

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