MYSTERIOUS: 32 | Mind Blowing Facts

Latest economic data hints at new era of slower growth

Economic reports are falling short of expectations by more than we've seen since the initial shock of COVID crisis

Axios · Jun 21, 2022

Should You Pick Up Nokia After Citi Upgrade?

Shares of Nokia (NOK) have declined in price despite its strong financial results and relatively high profitability. However, can the stock rebound as Citigroup upgrades its recommendation? Read on to find out.

StockNews.com · Jun 20, 2022

Revlon bankruptcy complicated by Citi’s $900mn error

Data entry mistake in 2020 leads to infighting among creditors of indebted US cosmetics group

Financial Times · Jun 20, 2022

Here's Why Citi Is Incrementally Bullish On FleetCor, WEX

Citi analyst Peter Christiansen expressed incremental bullishness on FleetCor Technologies, Inc (NYSE:FLT) and WEX Inc (NYSE:WEX), lifting estimates and target prices on both, given rising fuel prices and solid demand signs.  As a reminder, the incremental flow-through on higher fuel was highly margin-accretive.  Christiansen upgraded WEX from Neutral to Buy on higher fuel and increased…

Benzinga · Jun 10, 2022

Read Why Citi Remains Bearish On Oxford Industries

Citi analyst Paul Lejuez raised the price target on Oxford Industries Inc (NYSE: OXM) to $92 (6% downside) from $86. Meanwhile, the analyst kept the Sell rating on the shares.

Benzinga · Jun 9, 2022

Intel Goes On Austerity Drive To Take On Rivals Like TSMC

Intel Corp (NASDAQ: INTC) has paused hiring in the PC desktop and laptop chips division as part of cost-cutting measures, Reuters reports. In its most recent quarter, Intel's client computing group raked $9.3 billion of its $18.4 billion in revenue. Intel could resume some hires within two weeks after the division re-evaluates priorities to…

Benzinga · Jun 9, 2022

Citi Sees Intel's Bear Case Taking Shape Sooner Than Expected

At a competitor conference on June 7, Intel Corp (NASDAQ:INTC) appeared to talk down the quarter as company management mentioned that circumstances were worse than expected during the quarter due to reduced inventory levels at customers and delays in normalization post-COVID lockdowns in China. Previously, Citi published multiple updates on flagging PC…

Benzinga · Jun 8, 2022

Citi Recommends Nvidia, Marvell To Seek Refuge Amid Semiconductor Downturn

Citi hosted meetings at NVIDIA Corp (NASDAQ:NVDA), Applied Materials, Inc (NASDAQ:AMAT), and Marvell Technology, Inc (NASDAQ:MRVL) as part of the Annual Silicon Valley Tech Bus Tour.  Marvell confirmed a lack of slowdown in cloud data center demand and a disproportionate amount of growth or 50%+ coming from new product cycles.  Applied Materials looked to benefit from…

Benzinga · Jun 7, 2022

Citi Aggressively Chases Growth In Asia, Especially China Amid Odds

In an interview with Reuters, Citigroup, Inc (NYSE:C) Asia chief shared plans to appoint 3,000 new employees for its Asia institutional business in the next few years. Asia became a battlefield for global banks chasing its vast economies, growing wealth, and relative growth beat most other places. Peter Babej saw the accumulated wealth…

Benzinga · Jun 7, 2022

Citigroup Looks To Hire Over 4K Tech Specialists To Tap Pandemic Induced Digital Boom

Citigroup, Inc (NYSE:C) looks to hire over 4,000 tech staff to help shift its institutional clients online following the pandemic, Bloomberg quoted from an interview with Jonathan Lofthouse. The head of markets and enterprise risk technology acknowledged that over 1,000 recruits would join the market technology team under an aggressive growth strategy. It…

Benzinga · Jun 6, 2022