Citigroup reports 25% drop in 3rd-quarter income but tops earnings anticipations

Critical Points

The lender noted $18.51 billion in profits vs . the $18.25 billion envisioned by analysts, in accordance to Refinitiv. This was up 6% calendar year more than calendar year.
Net money fell 25% year more than yr.
Citigroup shares have slumped 29% this year, leaving it by considerably the lowest-valued among its U.S. friends.

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Finance

Berkshire shares struggle into annual meeting. Can Abel rekindle enthusiasm without Buffett center stage?

May 1, 2026

Key Points For the first time, Warren Buffett won’t be the central figure on stage. It marks a new era for Berkshire Hathaway’s annual meeting, one of the investing world’s most closely watched rituals. The shift puts a spotlight on Greg Abel, who took over as CEO at the start of 2026. Berkshire has trailed […]

Finance

China’s self-driving truck leaders say AI breakthroughs won’t accelerate rollout — here’s why

May 1, 2026

Key Points Rapid developments in AI by large language models don’t translate directly into autonomous driving. “The world’s best linguistics [expert] doesn’t mean he’s a good driver,” said Pony.ai CEO James Peng. Inceptio, a self-driving truck startup, is still sticking to its timeline for a mid-2028 commercialization milestone, CEO Julian Ma told CNBC. Source

Finance

Stocks making the biggest moves after hours: Apple, Roblox, Reddit, Roku & more

April 30, 2026

Check out the companies making headlines after the bell : Apple — Shares were up 2%. For the fiscal second quarter , Apple’s earnings came in at $2.01 per share, while revenue landed at $111.18 billion. This beat the earnings of $1.95 a share and $109.66 billion in revenue analysts were looking for, per LSEG. […]