Citigroup

Citigroup (NYSE:C) announced Monday that it will offer employees in eligible roles the option to work fully remote for two weeks in August. What Happened: Chief Human Resources Officer Sara Wechter issued a memo, shared by Business Insider, explaining why the company chose August for this policy: "...

Major brokerages have gone back on their U.S. recession forecasts after a 90-day tariff pause between U.S. and China. What Happened: Goldman Sachs reduced its U.S. recession odds from 45% to 35%, and Barclays ruled out a recession completely. J.P. Morgan now predicts the likelihood at less than 50...

Discount retailer Dollar Tree Inc. (NASDAQ:DLTR) was riding high on Monday, ending the day up 7.8% following a surprise upgrade by Citi Research, which calls it one of the ‘silent beneficiaries’ of the widespread trade tariffs imposed by the U.S. Government over the past week. What...

The year 2024 saw the U.S. stock market make new records, with major indices breaching key milestones. While many stocks witnessed a stellar rally this year, analysts still expect some blue-chip equities to rise further as they forecast a better return potential. Dow’s Performance In 2024 The...

Citigroup Inc. forecasts a blip in the ongoing stock market rally, which has been unfolding since the U.S. presidential elections. As per the strategists at Citigroup, the rally fueled by Donald Trump‘s return to the White House will lose steam as investors start to book profits. What...

Texas Instruments Inc (NASDAQ:TXN) might be gearing up for a substantial upside. Citigroup increased its price target for its stock from $200 to $235. Analyst Christopher Danely upgraded the stock from Neutral to Buy. Additionally, JPMorgan analyst Harlan Sur has outlined a potential 30% surge in...

Goldman Sachs Group, Inc. (NYSE:GS) shares are trading lower on Tuesday. The bank has reportedly hired veteran investment banker Matt Beitzel, who previously led Citigroup’s North American banks coverage, as a partner in its financial institutions group. Beitzel will join Goldman Sachs in...

Hedge funds are now turning to the U.S. dollar for carry trades after pulling back from the Japanese yen for bets on emerging markets two weeks ago, according to CitiGroup. Investors retreated from using the yen for this investment strategy two days after the Bank of Japan raised interest rates...

A small group of artificial intelligence (AI) stocks played a large part in sending the S&P 500 to historic performance in 2024. While there are all-time highs and rapid share price appreciation in the AI play, some experts are skeptical that the rally can continue. The AI Analyst: In a Monday...

Influential investor and CEO of Gerber Kawasaki Wealth, Ross Gerber, has expressed skepticism over the blame often placed on cryptocurrencies in the face of regulatory concerns. What Happened: On Monday, Gerber took to X, formerly Twitter, to share his views on the ongoing debate around...

Electric vehicle company Polestar Automotive Holding (NASDAQ:PSNY) will report unaudited first-quarter financial results on Tuesday, July 2. The company will also report second-quarter global volumes on Tuesday. Earnings Estimates: Analysts expect Polestar to report first-quarter revenue of $737.57...

The tech sector is witnessing an unprecedented surge in bullish bets, with the highest levels in three years, according to analysts at Citigroup. However, chances of a sudden pullback from investors also loom large. What Happened: Citigroup’s Chris Montagu, in a recent note to clients, noted...

Citigroup (NYSE:C) is continuing its leadership overhaul amidst a comprehensive reorganization, according to sources close to the situation. The bank’s CEO, Jane Fraser, recently held a conference call with managing directors to discuss the ongoing changes. What Happened: The bank has been...

CEOs of major banks, including JPMorgan Chase & Co. (NYSE:JPM) and Barclays PLC (NYSE:BCS), reportedly held a private meeting in Davos on Wednesday to discuss the challenges posed by fintech firms and stringent regulations. What Happened: The CEOs, who were in Davos for the World Economic Forum...

Citigroup Inc. (NYSE: C) has unveiled plans to slash 20,000 jobs. The decision, spearheaded by CEO Jane Fraser, aims to bolster the financial giant's performance, which has been underwhelming recently. The bank anticipates the cuts will lead to substantial savings, potentially...