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The Latest Breaking News from Citigroup

Stocks Settle Mixed on Weakness in Tech Stocks

The S&P 500 Index ($SPX ) (SPY ) Monday closed down -0.31%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.15%. Stock indexes Monday settled mixed, with the Dow Jones Industrials climbing to a 1-month...

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Equity Market Indexes are Mixed Today Due to Tech Stock Weakness

The S&P 500 Index ($SPX ) (SPY ) today is up +0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.99%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.34%. Stock indexes today are mixed. An increase in M&A activity today provided support for...

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Stocks Mixed as Chip Stock Weakness Weighs on the Nasdaq 100

The S&P 500 Index ($SPX ) (SPY ) today is up +0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.57%. Stock indexes today are mixed, with the Dow Jones Industrials climbing to a 1-month...

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Stocks Undercut by Tech Stock Weakness

The S&P 500 Index ($SPX ) (SPY ) today is up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.27%. Stock indexes today are mixed. An increase in M&A activity today provided support for...

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Crude Finishes Lower on Dollar Strength

August WTI crude oil (CLQ24 ) on Friday closed down -0.56 (-0.69%), and Aug RBOB gasoline (RBQ24 ) closed up +1.15 (+0.46%). Crude oil and gasoline prices settled mixed on Friday, with gasoline posting a 1-month high. Crude on Friday fell back from a 7-week high and turned lower after...

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Crude Prices Give Up an Early Advance as the Dollar Rallies

August WTI crude oil (CLQ24 ) today is down -0.16 (-0.20%), and Aug RBOB gasoline (RBQ24 ) is up +1.35 (+0.54%). Crude oil and gasoline prices today are mixed, with gasoline rising to a 1-month high. Crude today fell back from a 7-week high and turned lower after the dollar...

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Despite claims of generative AI being a fad, it could automate 54% of banking jobs — OpenAI's GPT-4 already outperformed seasoned analysts in predicting financial trends

In a new study by Citigroup, the banking sector is next on AI's chopping board. The study further indicates that 54% of banking jobs have a high affinity for automation, with the possibility of 12% being augmented by AI.

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Beware finance bros: AI is coming for banking before any other kinds of jobs, Citigroup warns

AI will “profoundly change money,” Citigroup says, and create plenty of “losers” along the way.

Fortune

How Is Citigroup's Stock Performance Compared to Other Diversified Banks?

Despite challenges, Citigroup has outperformed other diversified banks over the past year, and analysts remain moderately bullish about the stock’s prospects.

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HSBC Wraps Up Acquisition of Citi’s Mainland Retail Wealth Management Portfolio

The deal brings customers, deposits and investment assets from 11 cities and over 300 former Citigroup employees

Caixin Global

Stocks Little Changed After Mixed Economic News

The S&P 500 Index ($SPX ) (SPY ) today is up +0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.11%. Stock indexes today are mixed, with the S&P 500 posting a new record high...

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Stock Index Futures Slip on Growth Fears, U.S. JOLTs Report in Focus

June S&P 500 E-Mini futures (ESM24) are down -0.36%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.34% this morning after weak manufacturing data raised concerns about the U.S. economic health, while investors geared up for the latest reading on U.S. job openings.

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New York City keeps the top spot as home to the most Fortune 500 companies

The big apple is home to major financial institutions like JPMorgan and Citigroup.

Fortune

Stock Index Futures Slip Ahead of U.S. JOLTs Report

June S&P 500 E-Mini futures (ESM24) are down -0.51%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.47% this morning following a volatile session on Monday, with investors gearing up for the latest reading on U.S. job openings.

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Stocks Close Lower as Bond Yields Climb

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.70%. US stock indexes Wednesday settled moderately lower, with the Dow Jones Industrials falling to...

StockNews.com

Which Bank Stock Offers a Higher Yield: Bank of America (BAC) vs. Citigroup (C)

Despite challenges like high interest rates and inflation, the banking sector grows due to a strategic focus on deposit quality and promising global market expansion. Now, let's delve into the fundamental aspects of Bank of America (BAC) and Citigroup (C) stocks to see which bank stock offers a higher yield.…

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Stocks Slide on Higher Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is down -0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.36%. US stock indexes today are moderately lower, with the Dow Jones Industrials falling to...

Barchart

Stocks Tumble on Concern Interest Rates Will Stay Higher for Longer

The S&P 500 Index ($SPX ) (SPY ) today is down -0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.88%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.50%. US stock indexes today are moving lower as bond yields climb on concern the...

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Fortune

Banks don’t want to inspect your home office, so they’re forcing hundreds of employees to come in five days a week

Renewed rules for workplace inspections every few years are being blamed for mass return-to-office efforts.

Top News

Ex-Citi Banker Alleges Retaliation For Refusing False Data

Ex-Citigroup banker alleges wrongful termination for refusing to provide false data to regulator, highlighting the importance of ethical conduct in the ban...

Evening Standard

Bank fined after trader makes $444 billion 'fat finger' error

The error, worth more than the GDP of Denmark, was partially blocked by Citigroup, but almost $200 billion worth of shares were still sent to a trading algorithm

The Independent UK

First trader to be jailed for rate rigging will go to the Supreme Court to clear his name

Tom Hayes, a former star Citigroup and UBS trader, was convicted in 2015 of conspiracy to defraud by manipulating Libor

Fortune

Top-ranked analyst declares JPMorgan 'the Nvidia of banking' after it spends $17 billion on tech in a single year

CEO Jamie Dimon hasn’t yet “internalized” that he is becoming the leader of a digital company, said analyst Mike Mayo.

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Stocks See Support as Bond Yields Fall

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.04%. US stock indexes this morning are mixed, with the S&P 500 climbing to...

International Business Times UK

5 Stocks From Warren Buffett's Portfolio To Buy and Hold for the Next Five Years

Buffett's investing philosophy is buying great companies at a fair price. These five stocks form the pillar of his $340 billion portfolio, poised for future growth.

1 … 3 4 5 6

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