Citigroup is exiting businesses with poor returns to bolster the bank’s odds of hitting Fraser’s performance targets.
Stocks making the biggest moves premarket: FedEx, General Mills, Salesforce and more
These are the stocks posting the largest moves before the opening bell on Wall Street.
Stocks making the biggest moves premarket: Amgen, Sunnova, Arvinas and more
These are the stocks posting the largest moves in premarket trading.
Inflation gives millions new access to investments for the wealthy, says SEC
The number of “accredited” investors who can buy private securities rose by 8 million from 2019 to 2022, the SEC said.
Wall Street sees these beaten-down stocks making a comeback in 2024
CNBC Pro looked for quality stocks with low debt that the Street thinks could see a turnaround in the new year.
Stocks making the biggest moves midday: Affirm, Chewy, Kenvue, Enphase Energy and more
These are the stocks posting the largest moves in midday trading.
GPT and other AI models can’t analyze an SEC filing, researchers find
The findings from Patronus AI highlight some of the challenges of using AI models within big companies in regulated industries like finance.
OMV, ADNOC close to agreeing deal for chemicals company tie up
Reuters exclusively reported that Abu Dhabi National Oil Co (ADNOC) is closing in on a deal with Austria’s OMV (OMVV.VI) to combine two entities in which the companies own stakes to create a chemicals giant, two people with knowledge of the talks said. In July OMV said it had entered into talks to merge petrochemicals...
Australia’s Liontown in talks with US Defense Dept on tantalum supply
Reuters exclusively reported that Miner Liontown Resources (LTR.AX) is speaking with the United States Department of Defense about supplying tantalum from its Australian operations if the U.S. passes a new regulation by year end as expected, its chief executive told Reuters on Thursday. Lining up a tantalum deal with the U.S. defense department would provide...
Fed’s Goolsbee says he was ‘confused’ by last week’s market reaction
The President of the Federal Reserve Bank of Chicago said the market may have read too much into last week’s central bank update.