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‘A minute with’ Keelyn, discussing investment in fintech

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‘A minute with’ Keelyn, discussing investment in fintech

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More Business Services Insights

Credit spreads hit a 17-month high as the AI trade loses its nerve

Credit spreads hit a 17-month high as the AI trade loses its nerve

Global corporate bond spreads widened to 129 basis points on October 23, the widest since May 2025, as an AI stock selloff and geopolitical tension drove investors toward safer assets. The widening increases borrowing costs across all sectors, not just technology, forcing finance leaders to reassess refinancing plans and debt issuance timing.

  • 01Global corporate bond spreads hit 129 basis points on October 23, the widest level since May 2025.
  • 02Credit spread widening raises borrowing costs across sectors, including hospitals, industrial companies, and other non-tech borrowers.
  • 03Debt-funded AI spending by technology and data center companies has created investor concern about whether future profits will service the borrowed capital.

Oct 23, 2026

American Express will cut about 3,500 jobs while raising its 2026 forecast

American Express will cut about 3,500 jobs while raising its 2026 forecast

American Express reported third-quarter revenue of $20.1 billion, up 9%, raised its 2026 earnings guidance, and booked a $336 million restructuring charge. On the earnings call CEO Stephen Squeri said about 5% of the global workforce, roughly 3,500 of 78,000 jobs, will be eliminated. The CFO described the cuts as removing management layers to prepare for automation and AI.

  • 01American Express reported Q3 revenue of $20.1 billion (up 9%), net income of $3.7 billion (up 28%), and raised 2026 guidance to $18.30-$18.60 per share GAAP while taking a $336 million pretax restructuring charge.
  • 02The 3,500-job cut (5% of 78,000 employees) was framed as reducing management layers and spans of control to enable automation and AI capabilities over coming years, not as a response to cyclical weakness.
  • 03Unlike most 2024 AI-related cuts at companies under margin pressure, American Express announced layoffs while adding revenue at 9%, establishing a template for managed restructuring ahead of AI deployment rather than reactive workforce reduction.

Oct 23, 2026

The Early Scale: What mock codes can—and cannot—prove

The Early Scale: What mock codes can—and cannot—prove

TotalCare describes a coordinated emergency response after repeated drills. The cited study measured perceived competency, not patient survival. Manufacturing and total industrial utilization are different measures.

  • 01TotalCare’s director credits drills with team readiness; the cited study does not establish a survival benefit for its program.
  • 02September manufacturing utilization was 75.9%; total industrial utilization was 76.9%.

Oct 20, 2026

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