64.58 -0.02 (-0.03%)
After hours: 6:47PM EST
|Bid||0.00 x 800|
|Ask||64.60 x 800|
|Day's Range||62.34 - 64.72|
|52 Week Range||62.34 - 80.70|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.80 (2.74%)|
|1y Target Est||N/A|
Banks get hammered. The financial fallout of the midterms. With Tony Dwyer, Canaccord Genuity, CNBC's Melissa Lee and the Fast Money traders, Brian Kelly, Karen Finerman and Guy Adami.
Nov.14 -- Mike Corbat, Citigroup Inc.'s chief executive officer, discusses the bank's plan to move 1,100 workers from Long Island City to make room for Amazon.com Inc.'s new headquarters. He speaks with Bloomberg's David Westin at The Economic Club of New York.
Net 44% of FMS investors expect global growth to decelerate in the next 12 months, the worst outlook on the global economy since November 2008. Yahoo Finance's Julie Hyman, Brian Cheung and Dan Roberts discuss with Bespoke Investment Macro Strategist Georhe Pearkes.
Citi's treasury and trade solutions business in Asia polled 64 of their clients on how they are responding to the ongoing trade tensions. More than half of those clients said they have plans to adjust their supply chains, including shifting manufacturing sites or invest in new ones to circumvent additional tariffs by the U.S. and its trading partners. American banking group Citi C said their corporate clients have started making adjustments to their supply chains due to the trade war between the United States and its trading partners.
Prime Minister Theresa May vowed to fight for her draft divorce deal with the European Union on Thursday after the resignation of her Brexit secretary and other ministers put her strategy and her job in peril. Just over 12 hours after May announced that her cabinet had agreed to the terms of the deal, Brexit minister Dominic Raab and work and pensions minister Esther McVey resigned. Eurosceptics in May's Conservative Party said they had submitted letters calling for a vote of no confidence in her leadership.
Sterling tumbled on Thursday after a series of resignations rocked British Prime Minister Theresa May's government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled. The pound slumped nearly 2 percent against the dollar and euro and was set for its biggest daily drop this year after Brexit minister Dominic Raab resigned to protest at the draft deal with the European Union. Fears that May's hard-fought Brexit deal could collapse sent British financial markets into gyrations not seen since the sell-off following the June 2016 referendum on EU membership.
In the previous part of this series, we looked at how investment pioneer Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B) added about 522,902 more Apple (AAPL) shares in its portfolio in the third quarter. Now let’s see how Buffett’s top two bank holdings (IYF) changed in the last quarter.
The largest US futures exchange took “emergency action” to maintain orderly trading in natural gas contracts as wild price swings gave rise to fears of forced selling. on Wednesday, Nymex December gas settled 16.5 per cent lower on Thursday, retreating to $4.038 per million British thermal units. The severity of the price action had analysts and traders suggesting that one or more distressed speculators were liquidating positions during a frantic week in global energy markets that saw gains for gas as crude oil prices took a dive.
The State Department’s zigzag on Iran sanctions, President Donald Trump’s tweets about OPEC supply, the demand-sapping trade war with China and the explosion of shale oil production are all key factors leading to the collapse in crude prices since early October, Ed Morse, head of commodities research at Citigroup Inc., said in a phone interview. “The oversupply in the market is a made-in-America phenomenon,” Morse said Wednesday.
Banks want to use the expertise of state department of motor vehicle offices to obtain better personal identification verification.
Citi currently occupies about one million square feet in One Court Square and is accelerating plans to consolidate colleagues at its Tribeca headquarters and other locations.
Shares of Goldman Sachs (NYSE:GS) have been under tremendous pressure lately, and many investors are scratching their heads. Heck, even the bears are wondering what’s going on with GS stock. Bulls will point out the low valuation and stellar reputation Goldman Sachs stock carries on Wall Street.
Negotiators in the EU and U.K. on Tuesday agreed on the provisional final terms for Brexit. Here’s what it means for markets and the financial world.
Investing.com - The selloff on Wall Street continued for a second-straight day as a selloff in energy weighed on risk sentiment.
Citi has been consolidating its New York area staff anyway, moving workers to its headquarters in glitzy Tribeca and other locations. The tower at One Court Square, bearing Citi's name on the top, opened nearly 30 years ago and has been home to various Citi units. Citigroup is rolling out the red carpet for Amazon AMZN 's move to the New York City area by moving more than 1,000 employees out of its Queens office tower to accommodate the e-commerce giant.
Citigroup Inc. said Tuesday it will move about 1,100 of its workers out of the One Court Square tower in Long Island City in the New York borough of Queens in the first half of 2019 to free up space for Amazon.com Inc. to establish its New York headquarters. Citi currently occupies about one million square feet in the building and is speeding up plans to move workers to its Tribeca Headquarters in Lower Manhattan and other locations. The bank has about 3,000 employees in the Long Island City tower. Citi Chief Executive Michael Corbat said the building was the tallest in Queens when it was constructed 30 years ago. Today it a "bustling, vibrant" community, he said in a statement. Amazon announced earlier that it has selected Long Island City and Arlington County, Va. as the sites for its planned second headquarters. Amazon shares were slightly higher Tuesday, and have gained 40.4% in 2018, while the S&P 500 has gained 2.3%.
Investors were spooked by more worries on the trade front with indications President Trump is set to tighten the clamp further with possible tariffs on imported vehicles. Roku (NASDAQ:ROKU) shares have reversed sharply lower, crashing down through their 200-day moving average for the first time since the company IPO’d back in February.
FRANKFURT/NEW YORK (Reuters) - Buyout group Carlyle (CG.O) has picked four banks to lead the U.S. stock market listing of German speciality chemicals group Atotech, a former part of oil group Total (TOTF.PA), people close to the matter said. Bank of America (BAC.N), Citi (C.N), Credit Suisse (CSGN.S), JP Morgan (JPM.N) have been chosen to organise the initial public offering, which is expected to take place as early as the second quarter of 2019, the people said. Carlyle and the banks declined to comment.
Citigroup (C) might acquire a majority stake with 51% holding in its Chinese securities venture -- Citi Orient Securities Co Joint venture -- reports Bloomberg.
Marcie Allen, music executive and founder of MAC Presents, is an expert at pivoting her career and carving her own path, and has thrived in the music industry for more than two decades. Through her company MAC Presents, Allen creates corporate sponsorships between brands and musicians, forging powerful—and lucrative—deals.
The company said there was a slowdown in July and August sales because it had sold through much of its gardening and outdoor product categories earlier than normal after the fine weather in May and June. Adjusted pre-tax profit in the first half was £98.8m on revenue of £1.56bn. Analysts had expected revenues of £1.57bn and pre-tax profit of £99m, according to figures compiled by Bloomberg.
Talks with existing JV partner Orient Securities Co. about Citigroup raising its stake to 51 percent from 33 percent haven’t led anywhere, leading executives to start weighing other options, the people said. Citigroup also wants the JV to push into equities and fixed-income trading, a move that would put it in direct competition with Orient Securities, they said. Foreign firms can only enter China’s securities market by setting up joint ventures with local partners, a restriction that exists in several industries.
Investing.com - The Dow tumbled Monday as tech stocks continued to bleed, led by a selloff in Apple on fresh signs of weak iPhone demand.
Goldman Sachs[ticker symb=GS] stock tumbled on Monday, as the fallout deepened over a scandal surrounding the plundering of a Malaysian government investment fund. Other bank stocks also fell. Goldman Sachs Stock Goldman Sachs stock plunged 7.5% to close at 206.05 in the stock market today. The drop follows a 3.9% decline on Friday. The stock over that time has sliced...