Finance
Citigroup lifts banking curbs on gun makers and sellers
In this article C Follow your favorite stocksCREATE FREE ACCOUNT Signage at a Citibank branch in New York, US, on Sunday, Jan. 12, 2025. Michael Nagle | Bloomberg | Getty Images Citigroup on Tuesday ended a seven-year-old policy restricting how it provides banking services to firearm manufacturers, sellers and resellers. The bank launched the policy in […]
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Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy
Key Points Federal Reserve Governor Lisa Cook raised some concerns regarding the progress on inflation, saying recent lower readings could reverse after tariffs work their way through the economy. President Donald Trump’s trade policy could take a toll on the labor market, she said, even though she suspects the economy is in relatively good shape […]
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Stocks making the biggest moves midday: Bumble, Dollar General, Signet Jewelers, Pinterest and more
Check out the companies making headlines in midday trading: Ferguson Enterprises — Shares surged 15% after the cooling solutions company reported third-quarter adjusted earnings of $2.50 per share, exceeding the $2.01 analysts had predicted, according to FactSet. Ferguson’s $7.62 billion in revenue was also above the $7.42 billion estimate. The company also slightly raised its […]
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Deutsche Bank raises S&P 500 forecast on ‘TACO’ theory: ‘We will get further relents’
Deutsche Bank’s Binky Chadha is bullish again, confident that the Trump administration will continue to back down on tariffs. “Our base case was for a significant rally in equities on a credible relent on trade policies,” the chief U.S. equity and global strategist wrote Tuesday. “In the event, the administration relented earlier than we had […]
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Stocks making the biggest moves premarket: Dollar General, Constellation Energy, Pinterest, Hims & Hers Health and more
Check out the companies making headlines before the bell. Dollar General — Shares of the discount retailer popped more than 10% after the company lifted its annual sales outlook, saying its updated guidance assumes that current tariff rates will remain through mid-August. Dollar General also beat on top and bottom lines for the first quarter. […]
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Klarna takes on banks with debit card as it diversifies beyond buy now, pay later
Key Points Klarna is piloting a debit card called Klarna Card in the U.S. The card will also launch in Europe later this year. The Swedish fintech has been trying to shift its image from “buy now, pay later” poster child to a more all-encompassing banking player. Source
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‘Fantasy math’ masks tax bill’s U.S. debt impact, GOP lawmaker said. What the deficit means for your money
Key Points Legislation passed by Republicans in the House and now being considered in the Senate would increase the U.S. debt by more than $3 trillion after interest and economic effects, according to estimates. The “One Big Beautiful Bill Act” is a “debt bomb ticking,” one GOP lawmaker said. The debt can have a big […]
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Stocks making the biggest moves midday: Tesla, BioNTech, DraftKings, Steel Dynamics and more
Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company dropped 3% after sales in May in declined in several European markets. Reuters reported that Tesla suffered weaker sales in Sweden, France, Spain, Denmark and the Netherlands, but improved in Norway, boosted by the revamped Model Y. Advertising […]
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Stocks making the biggest premarket moves: Cleveland-Cliffs, Nucor, Moderna, Tesla and more
Check out the companies making the biggest moves in premarket trading: Steel stocks — Shares of steel companies soared after President Donald Trump doubled tariffs on the metal to 50% from 25%. Cleveland-Cliffs rallied 26%, while Nucor added nearly 11% and Steel Dynamics rose 10%. BioNTech — The Germany-based biotech stock jumped 11.3% after Bristol […]
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