Citigroup CEO Jane Fraser announced one of the largest moves to cut headcount at a major U.S. bank in recent years.
Bill Ackman is creating an activist organization to fight antisemitism, reform higher education
“It’s going to be a ‘think-and-do tank.’ It’s going to be an activist,” Ackman said in an interview with CNBC’s Andrew Ross Sorkin on “Squawk Box.”
Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Citigroup CEO Jane Fraser announced plans for a sweeping corporate reorganization in September after previous efforts failed to boost the bank’s share price.
Wholesale prices unexpectedly fell 0.1% in December in positive inflation sign
The producer price index fell 0.1% for the month and ended 2023 up 1% from a year ago, the Labor Department reported Friday.
Stocks making the biggest moves premarket: Tesla, Delta, Qualcomm, Bank of America and more
These are the stocks posting the largest moves in premarket trading.
Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago.
Bank of America shares fall after company reports lower fourth-quarter profit, hit by regulatory charge
Bank of America’s net income fell to $3.1 billion in the fourth quarter, from $7.1 billion a year ago.
BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion
BlackRock, the world’s biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash and stock.
Chinese rival to Apple’s Vision Pro raises $70 million, doubles down on new strategy to win consumers
Chinese augmented reality glasses company Rokid announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city.
JPMorgan Chase is set to report fourth-quarter earnings. Here’s what the Street expects
JPMorgan will be watched closely for clues on how banks fared amid volatile interest rates and rising loan losses.