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The Latest Breaking News from Citi

Coinbase CFO says Kamala Harris is using firm to accept crypto donations

Speaking at Citi’s 2024 Global TMT Conference, Coinbase chief financial officer Alesia Haas says the exchange has increased its policy spend leading up to the election

Fortune

How big banks battle for customers who are absurdly loyal to their financial institutions

The average American stays with their bank for 17 years.

Fortune

Abercrombie Clears Earnings, Hikes Outlook, Shares Tumble

Abercrombie & Fitch leads retail earnings Wednesday. Results for Foot Locker, Lululemon, Birkenstock, Ulta Beauty, discount stores are due.

Investors Business Daily

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'Get A Machine Gun And Kill Them All!': July Video Shows Alleged Citi Employee Explode At Protestors

A Citigroup employee's aggressive outburst towards protesters blocking the bank's New York headquarters has sparked outrage, intensifying tensions between the financial giant and environmental activists demanding an end to fossil fuel financing.

International Business Times UK

To Repair Its Reputation, Citibank Must Fix Its Culture

Citigroup has been hit with a torrent of suits and scandals in recent years -- all centered on the abusive way the bank has treated its customers.

International Business Times

Analyst updates Micron stock price target after conference

This is what could happen next to Micron Technology shares.

The Street

Dow Jones Falls After Jobless Claims; Nvidia Rallies On Bullish Comments (Live Coverage)

Stock Market Today: The Dow Jones fell Thursday after weekly jobless claims. Nvidia stock rallied on bullish analyst comments.

Investors Business Daily

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Walmart Stock, Macy's, TJX In Motion As Retailers Move The Market

Walmart offloaded its stake in JD.com. TJX, Macy's diverge after their earnings reports. TJX broke out. Dollar stores, Gap climb.

Investors Business Daily

Citi and Wells Fargo join $31 million funding round for loan startup Setpoint

Setpoint sees a big opportunity in replacing the Excel sheets that companies and their credit facilities use to update the status of thousands of loans.

Fortune

Expedia CEO flags a trend that is hurting its pockets

Here’s what could be next for travelers and Expedia stock.

The Street

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

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

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

Analysts update Upstart stock price target after earnings

This is what could happen next to Upstart shares.

The Street

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Fortune

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.

The Street

Analysts reboot Palantir stock price target after earnings

This is what could happen next to Palantir shares.

The Street

Analysts reboot Arm Holdings stock price target following earnings

This is what could happen next to Arm Holdings shares.

The Guardian - UK

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

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The Street

Analysts adjust Palantir stock price target ahead of earnings

This is what could happen next to Palantir shares.

The Street

Analysts update Southwest Airlines stock price target on revenue plan

This is what could happen next to Southwest Airlines shares.

Fortune

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.

The Street

TheStreet Auto Week: Analysts react to Tesla, GM, Ford, Stellantis earnings

The Detroit Big 3 and Tesla faced investors last week; analysts had mixed takes on each of their performances.

International Business Times

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 UK

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.

Fortune

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.

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