The Latest Breaking News from Citi

A Record $7.9 Trillion Is Sitting in Cash. Citi Warns Inflation Is Making It Bleed Value.

The Personal Consumption Expenditures Price Index, the Federal Reserve's preferred inflation gauge, climbed to a seasonally adjusted annual rate of 4.1% in May, marking its highest reading since April 2023.

International Business Times · Jun 30

Carnegie Foundation unveils 2026's 'Great Immigrants, Great Americans' list

The Andrew Carnegie Foundation has announced this year’s “Great Immigrants, Great Americans” honorees, including Citi CEO Jane Fraser and Pulitzer Prize-winning authors Hernan Diaz and Cristina Rivera Garza

The Independent UK · Jun 30

Bandhan Bank CFO Rajeev Mantri resigns, to leave in September

Bandhan Bank's Chief Financial Officer, Rajeev Mantri, has resigned, citing career growth as his reason for departure. Mantri, who also served as Executive President, submitted his resignation on June 29 and will officially leave on September 25. He expressed gratitude for the support received during his tenure, highlighting his contributions…

The Economic Times · Jun 29

How Dubai is trying to bring tourists and investors back after months of regional tensions

Dubai convened business leaders following Iran's strikes to mitigate economic fallout, pledging $681 million in support. While a preliminary peace deal eases immediate strains, restoring investor confidence requires sustained signals of authority response to future tensions. Analysts suggest more targeted incentives may be necessary for sectors like tourism and aviation…

The Economic Times · Jun 25

How Applied Materials Could Become the Next $1 Trillion Chip Stock

This business makes the complicated and expensive hardware needed to produce the latest AI chips. Is Wall Street overpaying or underpaying? Citi thinks it's the latter.

Barchart · Jun 24

Why Applied Materials Just Got a New Street-High Price Target

Wells Fargo analysts believe AMAT has more room to run amid the ever-increasing demand for semiconductor equipment and AI infrastructure buildouts.

Barchart · Jun 24

Trent shares jump 4% after Noel Tata’s comments during AGM. Here’s what Morgan Stanley, other brokerages say

Trent's stock surged over 4% as brokerages like Morgan Stanley and Motilal Oswal reiterated bullish calls. Chairman Noel Tata's vision of 10x revenue and profit growth, fueled by new brands and international expansion, impressed analysts. The company plans significant investments in infrastructure and aims for aggressive store additions across its…

The Economic Times · Jun 24

Vedanta Power, Oil & Gas shares fall 3%; Vedanta Aluminium, Iron & Steel jump up to 5%. What lies ahead?

Vedanta's demerger saw mixed fortunes for its listed entities. While Vedanta Power and Oil & Gas shares dipped, Vedanta Aluminium and Iron & Steel surged, with the latter showing significant gains post-listing. Analysts are bullish on Vedanta Aluminium, citing strong global demand and operational strengths, with multiple brokerages initiating 'Buy'…

The Economic Times · Jun 24

Lam Research Stock Just Got a New Street-High Price Target. NAND Equipment Demand Can Take LRCX Higher.

Lam Research is in focus as Citi’s $450 price target highlights the company’s potential from surging NAND demand.

Barchart · Jun 23

Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?

Vedanta’s newly demerged entities extended their rally, with Oil & Gas, Power and Iron & Steel hitting upper circuits, while Aluminium slipped despite Citi’s bullish outlook. Brokerages remain constructive on select businesses, though views differ on valuations as investors assess growth, cyclicality and execution risks.

The Economic Times · Jun 23