The prayers at Tehran University, a gathering of religious and political significance, came as authorities warned of a sixth wave of the coronavirus, which has so far claimed 124,928 lives in Iran and afflicted more than 5.8 million. On Saturday, schools with less than 300 students are also due to reopen. Worshippers had to heed social distancing and use face masks during the gathering, a forum where officials present a unified front in the weekly sermon, a duty that rotates around senior members of Iran’s conservative clerical establishment.
American Express had a very strong third quarter, posting a profit of $1.78 billion with Americans proving to be resilient in their spending despite the tenacity of the delta variant. The New York company on Friday topped last year's $1.1 billion profit during the same period, putting up per-share earnings of $2.27, or 49 cents better than Wall Street had been expecting, according to a survey by Zacks Investment Research. The credit card issuer and global payments company posted revenue of $10.93 billion, also beating the projections of analysts.
FEATURE American Express earned $2.27 a share in the third quarter on revenue of $10.9 billion, beating analysts’ estimates on both metrics. Net income in the period was $1.83 billion vs. $1.07 billion a year earlier.