Critical Factors
- Citigroup profit fell by 21% in the fourth quarter of 2022
- The financial institution also established aside a lot more money for credit rating losses as it prepares for a weaker economic backdrop likely ahead.
Citigroup’s fourth-quarter gain declines by 21% as lender sets aside extra money for credit score losses
Finance
Stocks making the biggest moves midday: Albertsons, Nova Minerals, Wells Fargo, Polaris & more
Check out the companies making the biggest moves midday: Nova Minerals — The miner soared 83%, on pace for its best day ever, after it said the Australian ambassador to the U.S. approached the company regarding its Estelle Gold and Critical Minerals Project in Alaska. “This briefing is in preparation for the upcoming meeting between […]
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Finance
Watch Fed Chair Powell speak live on policy at the NABE conference in Philadelphia
[The stream is slated to start at 12:20 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Chair Jerome Powell delivers the keynote speech Tuesday at the National Association for Business Economics conference in Philadelphia. Markets are looking […]
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Finance
Jamie Dimon says auto company bankruptcies reveal ‘early signs’ of excess in corporate lending
Key Points JPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that lending standards grew too lax in the past decade-plus. Dimon, the longtime leader of the largest U.S. bank by assets, was speaking about the recent collapse of auto parts firm First Brands and subprime car […]
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