Amex Prepares for Wave of Defaults, Major Trucking Co on the Brink

American Express stock is lower this morning after the company reported strong earnings numbers that were overshadowed by the company setting aside a large amount of cash in anticipation of future consumer defaults. Meanwhile Yellow, one of the largest LTL trucking companies in the US is teetering on the edge after the company missed payments to it's employees healthcare and Pension funds which has the Teamsters threatening an immediate strike as drivers are set to lose healthcare coverage by Monday.

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