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Financial News Around the World

Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul

Citigroup is exiting businesses with poor returns to bolster the bank’s odds of hitting Fraser’s performance targets.

Published 20 December 2023
Categorised as Finance News

Powerball jackpot hits $572 million. Why it could pay to wait until 2024 to claim the grand prize

The Powerball jackpot has jumped to an estimated $572 million. Here’s the best time to claim the prize, according to financial experts.

Published 20 December 2023
Categorised as Finance News

IRS to waive $1 billion in penalties. Here’s who qualifies and how much taxpayers may get

The IRS is waiving roughly $1 billion in late-payment penalties for millions of taxpayers with balances under $100,000 from returns filed in 2020 and 2021.

Published 20 December 2023
Categorised as Finance News

Annuity sales are on track for a record year. Here’s what to know before buying

Higher interest rates and anxiety over the stock market and economy pushed more consumers to buy annuities, experts said.

Published 20 December 2023
Categorised as Finance News

Stocks making the biggest moves midday: FedEx, Coinbase, Aon, General Mills and more

These are the stocks posting the largest moves in midday trading.

Published 20 December 2023
Categorised as Finance News

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Published 20 December 2023
Categorised as Finance News

Mark Cuban shares the No. 1 jargon word he hates the most: ‘You sound stupid … trying to sound smart’

Mark Cuban is no fan of business jargon, and he’s not just being picky: There’s plenty of research in favor of using plain, simple language in the workplace.

Published 20 December 2023
Categorised as Finance News

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.

Published 20 December 2023
Categorised as Finance News

Strategists say red hot stock market rally is due for a breather

Market watchers are beginning to recommend that investors position themselves defensively in preparation for a slow-growth earnings environment next year.

Published 20 December 2023
Categorised as Finance News

UK inflation rate drops more than expected to 3.9% in November

U.K. inflation fell far more than expected in November to 3.9%, its lowest annual reading since September 2021.

Published 20 December 2023
Categorised as Finance News

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