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The Latest Breaking News from Citi

NY Eco Activists Turn Up Heat On Citi Over Polluting Investments

Environmental campaigners in New York have kept up a campaign of direct action against one of the city's foremost banking empires, Citi, accusing the group of fueling the climate crisis.

International Business Times · Aug 11, 2024

3 Semiconductor Stocks Feeling the Pressure from Intel's Big Miss

Semiconductor stocks, such as AMAT and KLAC, could feel the impact of Intel's big miss in Q2 of 2024.

Barchart · Aug 9, 2024

Cello-playing climate activist arrested at New York Citibank protest as crackdown escalates

Second activist also arrested during ‘summer of heat’ protest against second largest financier of fossil fuels

The Guardian - US · Aug 8, 2024

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In lawsuit, broker alleges Citi trader sexually harassed her for years

Christine O’Reilly’s supervisor at ICAP ignored her complaints to protect a client who was bringing in millions, suit claims.

Fortune · Aug 7, 2024

GSK’s health is improving. Shame about the legal heartburn

Emma Walmsley’s overhaul seems to be delivering the goods even if US worries have left the share price becalmed

The Guardian - UK · Jul 31, 2024

4 reasons the CEO of ‘laughingstock’ Citi is suddenly laughing all the way to the bank

America’s largest banks are destroying the S&P 500, beating it by an average of 67%, but the perennial underperformer Citi is now leading the way.

Fortune · Jul 30, 2024

US Fed Could Open The Door To A September Rate Cut This Week

The US Federal Reserve may signal this week that interest rate cuts are on the way -- although it is widely expected to remain on pause until its next rate decision in September.

International Business Times · Jul 28, 2024

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Four Executives Who Helped Nvidia Lead The AI Race and Return 750% In Stock Gains Since Early 2023

Over 29,000 people work at Nvidia globally, each having an important role. However, some stand out due to their leadership qualities, resilience, and innovations.

International Business Times UK · Jul 24, 2024

Exclusive: Lakera snags $20 million to prevent business Gen AI apps from going haywire and revealing sensitive data

Lakera announced today it has raised $20 million, led by European VC Atomico, with participation from Citi Ventures and Dropbox Ventures.

Fortune · Jul 24, 2024

Americans Embrace Thrifty Culture, Brag About Bargains In New Survey‌

42% eager to share great finds, 71% prioritize price over quality when shopping online.‌

Zenger · Jul 22, 2024

U.S. corporate bankruptcies are soaring above the pandemic-era peak, adding to the economic alarms bells piling up

June saw 75 filings, up from 62 in May and above the pandemic-era peak of 74 in July 2020, according to S&P Global Market Intelligence.

Fortune · Jul 13, 2024

Mixed Profits At US Banks Amid Weaker Signs From Low-income Customers

JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers.

International Business Times · Jul 12, 2024

Senators accuse JPMorgan’s Jamie Dimon of backtracking on climate commitments

Exclusive: Letter from senators, led by Elizabeth Warren, says JPMorgan may have misled investors and public

The Guardian - US · Jul 10, 2024

This Cheap Warren Buffett Stock Pays a Fat Dividend, But Should You Invest?

Warren Buffett's Berkshire Hathaway added Citigroup shares in 2022. Is this banking stock a buy for its cheap valuations and high dividend yield?

Barchart · Jul 9, 2024

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Fortune · Jul 7, 2024

The Fed could slash rates by 200 points over 8 meetings as the economy signals a sharper downtrend, Citi says

Citi sees the Fed slashing rates from 5.25%-5.5% now to 3.25%-3.5% by July 2025.

Barchart · Jul 1, 2024

2 Standout Software Stocks to Buy on the Dip

After a turbulent start to 2024 for enterprise software stocks, here are two standout software players that Citi analysts believe are worth buying on the dip.

Fortune · Jun 20, 2024

Morgan Stanley says ‘crown jewel’ of Citi is worth half the bank’s value

After attending an investors day at Citi, Morgan Stanley analysts valued the bank's services segment at $56 billion.

Fortune · Jun 20, 2024

Beware finance bros: AI is coming for banking before any other kinds of jobs, Citigroup warns

AI will “profoundly change money,” Citigroup says, and create plenty of “losers” along the way.

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Barchart · Jun 15, 2024

Here's How to Buy the Dip in Copper Prices

Copper prices have been surging due to supply disruptions and strong demand from industries like AI and electric vehicles, with analysts predicting a long-term bull market. The United States Copper Index Fund offers a way for investors to capitalize on copper's growth story.

Barchart · Jun 13, 2024

How Is Citigroup's Stock Performance Compared to Other Diversified Banks?

Despite challenges, Citigroup has outperformed other diversified banks over the past year, and analysts remain moderately bullish about the stock’s prospects.

Kiplinger · Jun 13, 2024

American Airlines Card Launches $1,000 Limited-Time Offer

Get Admirals Club lounge access and 100,000 bonus miles with the Citi/AAdvantage Executive World Elite Mastercard.

International Business Times UK · Jun 7, 2024

Analysts Share Diverging Views on Best Buy, Poised To Benefit From Demand For AI-powered Hardware

Best Buy's sales can get a boost from tech giants focusing on building and selling hardware that supports AI software amid rising demand, but electronics' susceptibility to softer sales remains.

Fortune · Jun 6, 2024

Citi wealth division’s new CIO predicts calmer economy will pave the way for AI adoption

Citigroup Global Wealth’s interim chief investment officer, Steven Wieting, says the global economy returning to pre-pandemic norms will reduce AI’s impact on jobs.

Fortune · Jun 4, 2024

Traders who scooped up Warren Buffett’s Berkshire Hathaway shares at a massive $620,000 discount during ‘glitch’ will have their deals canceled by the NYSE

In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603,718.30 a share.

Barchart · Jun 3, 2024

3 Cathie Wood Biotech Stocks That Analysts Expect to Double

This article delves into three biotech stocks held in Cathie Wood's ARKK ETF that analysts expect to double in value. Investors looking to add exposure to promising biotech opportunities, with a preference for Wood's disruptive approach to investing, may find these stocks particularly compelling.

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