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These US-Listed Chinese Stocks Set To Surge Amid Beijing's New Stimulus Plan: Citi
Thursday, October 3, 2024 - 5:52am | 527Amid China’s recent economic stimulus efforts, Citi has identified three U.S.-listed Chinese stocks as potential winners. The measures, introduced last month, aim to rejuvenate the economy and enhance market and consumer confidence. What Happened: Citi has pinpointed three Chinese stocks...
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15-Minute City London Aims To Be A Hotbed For Startups, Venture Capital Once Again
Tuesday, October 24, 2023 - 11:55am | 774Following Brexit and the Covid-19 pandemic, the U.K. economy was expected to shrink. And it did. However, major investment firms haven't given up on London. For example, Andreessen Horowitz picked London as its international base. “This is a win for us,” said London & Partners...
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Robert Kiyosaki Asks Whether It's Time To Say 'Bye Bye' To Bitcoin After Citibank Launches New Blockchain Service
Tuesday, September 26, 2023 - 1:16am | 546Author of “Rich Dad Poor Dad,” Robert Kiyosaki, pondered whether it was time to bid farewell to both— Bitcoin (CRYPTO: BTC) and the U.S. Dollar. What Happened: In a statement on X, formerly Twitter, Kiyosaki said, "Citibank announced today it is offering bank blockchain technology to...
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Chinese Origin Clients With Foreign Passports Reportedly Under Scrutiny In Singapore After $1.8M Money Laundering Fiasco
Thursday, September 21, 2023 - 1:30am | 646In the aftermath of a substantial money laundering scandal involving S$2.4 billion ($1.8 billion) last month, banks based in Singapore have increased their vigilance towards clients of Chinese origin who possess foreign passports. What Happened: According to sources, several financial institutions...
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Did Citibank Pressure OpenSea To Remove Several NFTs?
Tuesday, December 21, 2021 - 1:45pm | 763Several items in a NFT collection were delisted by NFT marketplace OpenSea. Could the reason be the global bank giant Citigroup Inc (NYSE: C)? What Happened: The Hashmarks, a series of non-fungible tokens featuring art from 70 artists, saw three NFTs featuring clowns and names involving Citibank...
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Fintech Focus For December 11, 2020
Thursday, December 10, 2020 - 6:51pm | 2295Quote To Start The Day: US President Donald Trump and his backers, having been stymied dozens of times by judges and elections officials across the country, are confident one last-ditch lawsuit will overturn his election loss. “All I ask for is people with wisdom and with courage, that...
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Sell-Side Lifts Expedia Price Targets After Strong Q4 Report, 2019 Outlook
Friday, February 8, 2019 - 4:03pm | 515Shares of online travel agency Expedia Group Inc (NASDAQ: EXPE) soared after a positive earnings report Thursday and company expectations for earnings growth that outpaced earlier Street expectations. Expedia said it expects 2019 growth in the 10-15-percent range, ahead of Wall...
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Why Foot Locker Is One Mall Stock That May Not Get Shuttered
Monday, May 22, 2017 - 1:36pm | 576Foot Locker, Inc. (NYSE: FL) shares fell significantly, over 17 percent from last Thursday into Friday, after the first-quarter earnings report miss last week. Citi's 4 Reasons To Buy Despite retails notable struggles recently, Citibank analyst Kate McShane does not view Foot Locker as a typical...
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Alexion Pharma Brexit Selloff Creates An Entry Point: Trading At 'Dark-Sky' Valuation
Monday, June 27, 2016 - 1:32pm | 242Since the United Kingdom voted to leave the European Union, Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN)'s share price has dropped 10.77 percent. Citi's Take Citibank's Robyn Karnauskas upgraded Alexion Pharmaceuticals to Buy without changing her $154.00 price target, seeing Brexit as a "good entry...
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Clash Of The Coffee Titans: Starbucks Versus Dunkin
Thursday, April 2, 2015 - 3:17pm | 536In a new report, analysts at Citibank pitted coffee shop rivals Starbucks Corporation (NASDAQ: SBUX) and Dunkin Brands Group Inc (NASDAQ: DNKN) head-to-head in a six-part comparison of different aspects of their businesses. Analysts picked a winner in each category and then declared a champion. 1....
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Analysts Remain Seated Despite Boeing Co's 60% Decline Cash Flow Decline
Thursday, October 23, 2014 - 11:33am | 346Boeing Co's (NYSE: BA) 60 percent decline in third-quarter cash flow put heavy pressure on the company's shares recently, but a number of analysts think the issue will diminish as the company's 787 jetliner project hits breakeven. Operating cash flow before pension contributions in...
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Apple's Shine Dazzles Analysts
Tuesday, October 21, 2014 - 2:14pm | 350Apple Inc. (NASDAQ: AAPL) dazzled at least some stock analysts Tuesday with its fiscal fourth-quarter results coming in above expectations. Although the company's shares are up nearly 30 percent year-to-date, "investors don't appreciate the positive impact" of its latest...
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Wal-Mart's New 'Savings Catcher' Automates Price Comparison
Monday, March 24, 2014 - 1:42pm | 601For most consumers, low price is the playing card that trumps all other cards in most shopping scenarios. A new service called “Savings Catcher” has become Wal-Mart's (NYSE: WMT) latest entry in the “We can beat anyone’s price” competition that the company has long promoted as its prime mission...
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Your Local ATM Could Be Vulnerable To Cyberattack Soon
Thursday, March 20, 2014 - 10:45am | 567After April 8, ATMs worldwide could be vulnerable to cyberattack. That’s because April 8 is the last day Microsoft (NASDAQ: MSFT) said it would provide regular tech support for Windows XP, which according to Hareetz.com is the software behind 95 percent of the world’s ATMs. Microsoft declined...
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Earnings Expectations For The Week Of January 13: Big Banks, GE, Intel And More
Monday, January 13, 2014 - 7:31am | 645Alcoa may have reported disappointing results last week, but the fourth-quarter earnings season really kicks off this week with reports from J.P. Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) on Tuesday. Big name financials will be well represented this week, with results due from the likes of...