Citigroup Inc
Stocks making the biggest moves in the premarket: Walmart, Home Depot, Citigroup and more
Take a look at some of the biggest movers in the premarket: Walmart (WMT) – Walmart slumped 7% in premarket trading after missing bottom-line expectations for the first quarter. The retail giant earned $1.30 per share, 18 cents a share below estimates as inflationary pressures offset the positive impact of better-than-expected sales. Home Depot (HD) […]
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Warren Buffett’s Berkshire made a $3 billion bet on Citigroup. Here are his other picks
Warren Buffett’s Berkshire Hathaway made a few changes to its equity portfolio in the first quarter, including adding a big stake in Citigroup , according to a regulatory filing. The conglomerate bought more than 55 million shares of Citigroup to build a stake worth $2.95 billion as of the end of March, the filing showed. […]
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Goldman ‘deal guy’ behind Apple, GM cards leaves for fintech start-up iCreditWorks
iCreditWorks CEO Scott Young, former chief commercial officer of Goldman Sachs Marcus. Courtesy: Goldman Sachs A Goldman Sachs executive known for securing some of the industry’s biggest credit-card deals in recent years has left to join early stage start-up iCreditWorks, CNBC has learned. Scott Young, who was chief commercial officer of Goldman’s Marcus consumer business, […]
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Tesla covers travel costs for out-of-state health care including, reportedly, abortions
Signage outside the new Tesla South Austin showroom within the Yard development in Austin, Texas, U.S., on Saturday, Oct. 16, 2021. Mark Felix | Bloomberg | Getty Images Tesla will cover travel and lodging costs for employees to receive health-care services not offered in the states they reside. The policy, which Tesla said has been […]
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Google’s cloud group forms Web3 team to capitalize on booming popularity of crypto
Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next event in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google’s cloud unit is forming a team to build services for developers running blockchain applications as the company tries to capitalize on the […]
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These ETFs offer protection to investors worried about a recession, Citi says
Investors looking to ride out the uncertainty and cushion their portfolios may find a good defensive play in these minimal volatility funds, Citi says. Source
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Citi says a trader error caused Europe’s ‘flash crash’. Here’s how it unfolded
Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images A so-called “flash crash” in European markets on Monday prompted several indexes to tumble sharply, sparking alarm among investors on a day when trading was thin due to public […]
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Russia races to avert historic default as bondholders wait for dollar payments
Russia faces renewed threat of debt default on May 4, according to major ratings agencies, as the grace period comes to a close after it attempted to service its dollar bond payments in Russian rubles. Mikhail Tereshchenko | Sputnik | via Reuters Russia looks set to meet another deadline for debt payments on Wednesday after […]
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Australian markets set to fall ahead of closely watched interest rate decision
SINGAPORE — Stocks in Australia were poised to fall Tuesday ahead of a rate decision by the country’s central bank. Futures pointed to a lower open for Australian stocks. The SPI futures contract was at 7,299, as compared to the S&P/ASX 200’s last close at 7,347. Economic data in the day ahead includes Australia’s interest […]
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Citi behind trade that caused brief European share plunge
Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England. Dan Kitwood | Getty Images News | Getty Images The sudden fall in […]
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