CEO Jane Fraser faces a key moment this week as Citigroup reports earnings in the middle of restructuring efforts to make the bank leaner and more profitable.
Thursday’s inflation report could challenge the market outlook for big Fed rate cuts
The consumer price index is projected to have risen 0.2% in the final month of 2023, or 3.2% for the full year.
Stocks making the biggest moves midday: Amazon, Lennar, GoodRx, Gilead Sciences and more
These are the stocks posting the largest moves in midday trading.
Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows
Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail Monitor for December.
Stocks making the biggest moves before the bell: Lennar, Etsy, Toast, Coinbase and more
These are the stocks posting the largest moves in premarket trading.
Saudi Arabia nearly doubles estimate for the value of its mineral resources
The Saudi government expects $20 billion in deals will be signed at the annual minerals forum in Riyadh this week.
UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%
Global investment in fintech sank to $51.2 billion in 2023, down 48% from 2022, data from Innovate Finance shows. Despite that, UAE fintech funding soared 92%.
Social media uproar may cost the Maldives millions, as feud with India intensifies
A social media firestorm, fueled by the fraying of a historically close relationship, is testing ties between India and the Maldives.
Neiman Marcus CEO talks pullback in luxury spending over the holidays
Geoffroy van Raemdonck, Neiman Marcus CEO, joins ‘Closing Bell Overtime’ to talk holiday retail performance, the state of the luxury consumer and more.
Shohei Ohtani’s $700 million contract sparks concern about taxes on deferred income for high earners
Roughly a month after Shohei Ohtani’s $700 million Los Angeles Dodgers contract, California’s controller is asking Congress for restrictions on deferred income.