Credit

American Express’ fourth-quarter profits dropped by 39%, the credit card giant said Friday, as the pandemic’s deep impacts on travel, entertainment and dining dramatically impacted the company’s results.

As some companies topple into bankruptcy, others struggle over what to do with a glut of unsold goods.

Hertz filed for bankruptcy Friday night, the latest victim of the sudden economic downturn sparked by the Covid-19 pandemic.

Message from USAA President Wayne Peacock to members.