Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed – CNBC
Citi CEO Jane Fraser speaks at the 2023 Milken Institute Global Conference on May 1, 2023 in Beverly Hills, California. Mike Blake | Reuters Citigroup warned investors late Wednesday: Fee Sales related to the depreciation of the Argentine peso and bank restructuring were much higher than the company's CFO disclosed just a few weeks ago. […]
S&P 500 futures tick higher as investors brace for December inflation report: Live updates – CNBC
2 hours ago Cryptocurrency stocks soar after SEC gives green light to US Bitcoin ETF 2 hours ago House Committee Requests Hearing for SEC Chairman Gensler Following X Account Controversy The House Financial Services Committee is now asking SEC Chairman Gary Gensler to provide details on how the regulator's X account came to post false […]
$44.5 million in federal funding going toward rural communities to improve higher education access
The Biden-Harris administration will send $44.5 million to 22 local educational institutions to promote access to higher education. (iStock) At the end of December, the Biden-Harris administration was inaugurated. Announces $44.5 million in grants Support local high school students to receive higher education. The Regional Higher Education and Economic Development (RPED) program will provide grants […]
Asia markets inch higher as investors await Bank of Korea meet, slew of inflation data this week – CNBC
3 minutes ago Bank of Korea to keep interest rates unchanged for 8 consecutive meetings Monday, April 10, 2023, at the Bank of Korea (BOK) complex in Seoul, South Korea. Bloomberg | Bloomberg | Getty Images The Bank of Korea will hold the first central bank meeting of the year among major Asian countries on […]
Jobs Surge 216,000 Higher, Raising Inflation Risks
U.S. employers accelerated hiring in December, adding 216,000 workers to their payrolls, the Labor Department announced Friday. The unemployment rate remained unchanged from 3.7% last month. Economists had expected the economy to grow by 170,000 jobs after it was reported that employment would rise by 199,000 in November and 150,000 in October. The November figure […]
Mortgage rates tick higher for first time in 9 weeks
Global real estate advisor Jenna Stauffer insisted the American dream of homeownership still exists during an appearance on “Mornings with Maria.” The steady downward trend in mortgage rates came to a halt this week amid weaker demand, with data showing potential buyers are waiting to see if rates return to historical levels. Freddie Mac's latest […]
Stock futures inch higher ahead of jobs report with Wall Street's nine-week winning streak in jeopardy: Live updates – CNBC
2 hours ago Peloton continues to soar after announcing partnership with TikTok Peloton stock rose 6% in after-hours trading as investors continued to cheer the fitness company's new partnership with TikTok. The collaboration includes a new fitness hub on social media apps with content created by Peloton instructors. The move builds on Thursday's nearly 14% […]
The NBA is shifting away from pick-and-rolls, but offensive efficiency is higher than ever
For thousands of years, the combination of horse and bow meant military superiority around the world. The mighty Romans lost battles to much smaller opponents like the Parthians because they had cavalry on one side and no archers on the other. And such technology persisted. The high water mark occurred more than 1,000 years after […]
Mortgages rates tick higher for first time in 9 weeks
Global real estate advisor Jenna Stauffer insisted the American dream of homeownership still exists during an appearance on “Mornings with Maria.” The steady downward trend in mortgage rates came to a halt this week amid weaker demand, with data showing potential buyers are waiting to see if rates return to historical levels. Freddie Mac's latest […]
Walgreens quarterly profit beat helped by higher drug prices, cost cuts
Stephen Wieting, Chief Economist at Citi Global Wealth, joins Making Money to discuss investing in the Great Market Reset. U.S. pharmacy chain Walgreens Boots Alliance on Thursday cut its dividend by almost half in a bid to save more money, even as the company reported a better-than-expected quarterly profit thanks to cost-cutting measures. Rising drug […]