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Citigroup Inc

Affirm’s stock quintupled this year, beating all tech peers

by Ev Richard
Affirm’s stock quintupled this year, beating all tech peers

Drew Angerer / Getty Images  A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending. Affirm …

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Categories Technology

Markets see worst day in months on FedEx slump

by Adrian Jhonsan
Markets see worst day in months on FedEx slump

A FedEx truck and cars commute on Highway 101 during heavy rain in San Francisco Bay Area of California, United States on December 20, 2023. Tayfun Coskun | Anadolu | …

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Categories World

Citigroup to close global distressed-debt unit

by Adrian Jhonsan
Citigroup to close global distressed-debt unit

A trader works underneath a monitor displaying Citigroup Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on June 3, 2016. Michael Nagle …

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Categories World

Broadcom stock spikes to new yearlong high

by Ev Richard
Broadcom stock spikes to new yearlong high

Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares jumped 9% Monday after Citigroup resumed its coverage of the stock with a buy rating …

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Categories Technology

Wells Fargo mortgage lenders probed over racial discrimination

by Adrian Jhonsan
Wells Fargo mortgage lenders probed over racial discrimination

People pass by a Wells Fargo bank on May 17, 2023 in New York City. Spencer Platt | Getty Images Wells Fargo was snared in an industrywide probe into mortgage …

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Categories World

What to know about jobless benefits as job market cools

by Adrian Jhonsan
What to know about jobless benefits as job market cools

Bill Varie | The Image Bank | Getty Images The job market is undeniably cooling. Though the Labor Department’s weekly jobless claims report released on Wednesday showed initial claims for …

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Categories World

Rate cuts might not be in the cards

by Adrian Jhonsan
Rate cuts might not be in the cards

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images This report is from …

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Categories World

Citigroup layoffs begin as part of CEO Jane Fraser’s overhaul

by Adrian Jhonsan
Citigroup layoffs begin as part of CEO Jane Fraser’s overhaul

Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” at the Economic Club of Washington in Washington, D.C., March 22, …

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Categories World

Markets on a hot streak

by Adrian Jhonsan
Markets on a hot streak

The Nasdaq MarketSite in New York, June 9, 2023. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC …

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Categories World

Top Wall Street analysts say buy these dividend stocks for enhanced returns

by Adrian Jhonsan
Top Wall Street analysts say buy these dividend stocks for enhanced returns

A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images The ongoing market volatility continues to add to investors’ woes, making it …

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Categories World
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