Amex slashes 3,500 jobs and joins other financial companies culling staff as some leaders admit it’s for AI The cuts mark American Express’s first major round of layoffs in nearly a decade The Independent UK · Oct 23
Uzbekistan's $12bn business drive gathers pace during Rubio visit The package covers railways, critical minerals, finance and technology, with major US firms involved. Uzbek President Mirziyoyev outlined measures to attract investors, while business executives told Euronews that commercial activity is growing. Euronews · Oct 20
Big Banks Report Strong Earnings—So Why Are Shares Falling? Wells Fargo, Goldman Sachs, and Citigroup reported Q3 2026 earnings on Oct. 13, with mixed guidance on rates and dealmaking leading shares to fall despite several beats. MarketBeat · Oct 15
Wall Street banks' bond trading revenue hit by market volatility, equities shine Amidst a backdrop of volatility in interest rates and a bond market selloff, Wall Street banks experienced a downturn in fixed-income trading revenues, as Treasury yields surged to multi-decade highs. This substantial decline resulted in reduced client activity within the fixed-income sector. Conversely, firms like Goldman Sachs and Morgan Stanley… The Economic Times · Oct 15
Global Market: Citi expects Fed to raise rates by 25 basis points in December after hot US inflation data Citigroup now expects the US Federal Reserve to raise interest rates by 25 basis points in December following hotter-than-expected September inflation. The brokerage forecasts rates to remain unchanged thereafter, with rate cuts unlikely before June 2027. The Economic Times · Oct 15
Advanced Micro Devices Just Unveiled Its Helion Blueprint for Agentic AI. What That Means for AMD Stock. AMD introduced its Helion agentic AI rack with two different configurations. Barchart · Oct 14
US stocks: Nasdaq ends down as chipmakers fall and bank earnings roll in In a recent trading session, the Nasdaq index took a hit as chip stocks continued their downward spiral, amid diverging results from major banks like Citigroup and Goldman Sachs. The PHLX chip index faced a substantial decline, sparking fears surrounding competition in this sector. Despite the turbulence, analysts express optimism… The Economic Times · Oct 13
US banks post strong profits, but inflation and rate risks cloud outlook Major US banks reported higher third-quarter profits, supported by resilient consumer spending, AI investment and stronger trading revenue. However, executives warned that persistent inflation, elevated interest rates and geopolitical risks could strain household finances and slow economic growth. JPMorgan Chase missed earnings estimates, while Goldman Sachs, Citigroup and Wells Fargo… The Economic Times · Oct 13
US banks post strong earnings but economic risks cloud the sector’s outlook Wall Street's biggest banks reported another strong quarter on Tuesday, but they warned that higher rates and inflation could bite. Euronews · Oct 13
US stocks: Citi profit jumps 40% with higher investment banking, services and wealth revenue Citigroup has reported a remarkable 40% jump in its third-quarter profits year-over-year, despite some declines in other areas. Trading revenue took a hit, influenced by unstable market conditions, while investment banking saw a modest 9% year-on-year increase but fell substantially from the last quarter. Credit card profits faced declines due… The Economic Times · Oct 13
Dear Citigroup Stock Fans, Mark Your Calendars for October 13 As Citi gears up to unveil its Q3 earnings report on Oct.13, can the financial giant deliver another winning quarter? Barchart · Oct 13
Nasdaq Futures Slump as Chip Selloff Rages On; S&P 500 Futures Muted After Big Bank Earnings December Nasdaq 100 E-Mini futures (NQZ26) are down -0.72% this morning as investors continued to ditch chipmakers amid mounting worries about the AI trade. Barchart · Oct 13
Stocks Settle Lower as Crude Prices Jump and Chipmakers Fall The S&P 500 Index ($SPX ) (SPY ) closed down by -0.06% on Monday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up by +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.71%. December E-mini S&P futures (ESZ26 ) fell -0.04%, and December E-mini... Barchart · Oct 12
US bank stocks near correction as earnings loom, consumer outlook in focus US bank stocks are nearing correction territory ahead of earnings, with investors watching for clues on consumer resilience amid elevated borrowing costs and rising Treasury yields. While trading revenue is expected to remain strong, analysts are divided on the outlook, weighing potential relief rallies against macroeconomic risks and growing concerns… The Economic Times · Oct 12
The Economic Times · Oct 12 US Stock market on Columbus day predictions: S&P 500, Dow Jones, Nasdaq, Russell 2000 investors eye tricky Monday on Indigenous Peoples' Day. Nvidia, Apple, Micron, AMD, Tesla other stocks to watch out today Stock market on Columbus day: Earnings season begins on Tuesday, with major US banks including Wells Fargo, Goldman Sachs, Citigroup and JPMorgan Chase scheduled to report first.
MarketBeat · Oct 9 JetBlue's LaGuardia Win Could Change Its Financial Future JetBlue gained FAA approval for 22 former Spirit slots at LaGuardia, prompting a Citigroup upgrade, as the airline pushes premium seating and posts 14.5% revenue growth despite heavy debt.
The Economic Times · Oct 9 US bank earnings in focus as Treasury yields surge, raising concerns over lending and dealmaking US bank stocks face a critical earnings test as investors assess whether rising Treasury yields, higher deposit costs and slower dealmaking could offset profit growth at the six largest lenders.
Barchart · Oct 8 Broader Market Settles Lower on Soaring Crude Prices and Chipmaker Weakness The S&P 500 Index ($SPX ) (SPY ) closed down by -0.47% on Thursday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up by +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.39%. December E-mini S&P futures (ESZ26 ) fell -0.41%, and December E-mini...
Barchart · Oct 8 Stocks Pressured by Soaring Crude Oil Prices The S&P 500 Index ($SPX ) (SPY ) is down by -0.26% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.42%. December E-mini S&P futures (ESZ26 ) are down -0.30%, and December E-mini...
Barchart · Oct 8 Stocks Slide as Soaring Crude Prices Boost Inflation Risks The S&P 500 Index ($SPX ) (SPY ) is down by -0.32% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.57%. December E-mini S&P futures (ESZ26 ) are down -0.31%, and December E-mini...
MarketBeat · Oct 7 Wall Street Is Betting These 3 Beaten-Down Stocks Have More Room to Run Analysts at Bank of America, Citigroup and Barclays upgraded DraftKings, Harley-Davidson, and Estee Lauder with higher price targets ahead of Q3 earnings reports due in early November.
The Economic Times · Oct 6 Citigroup bets on Meta's Muse as AI's 'front door to the internet' The brokerage said Muse is increasingly becoming the "front door to the internet," helping users search, compare and transact online, while Meta expands awareness and positions the product at the center of its broader AI strategy.
International Business Times UK · Oct 6 Citigroup Dethrones Goldman in Global IPOs as Investors Question Pricey Dividend Citigroup overtakes Goldman Sachs in global IPO rankings as investors question whether its 'pricey' dividend can be sustained amid a fragile deals market.
The Economic Times · Oct 1 Bitcoin price target: Why Citi raised its BTC USD forecast to $113,000 from $82,000 as the cryptocurrency rebounds Bitcoin (BTC USD) price target: Citigroup has increased its 12-month Bitcoin price target from $82,000 to $113,000 due to favorable market conditions. The bank expects $5 billion in crypto investment product inflows over the next year as advisers increase allocations. Spot Bitcoin ETFs have started seeing renewed inflows after significant…
Fortune · Oct 1 Citigroup raises one-year Bitcoin forecast to $113,000 A new report from the investment bank says renewed investor demand could lift crypto prices.