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Financial News Around the World

IRS: Taxpayers may avoid a surprise tax bill by making a quarterly payment by Jan. 16

The fourth quarter estimated tax deadline is Jan. 16, and you could have a surprise bill or owe a penalty if you don’t send a payment.

Published 12 January 2024
Categorised as Finance News

Stocks making the biggest moves midday: United Airlines, CVS, Tesla, Citi, DocuSign and more

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

Published 12 January 2024
Categorised as Finance News

Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul

Citigroup CEO Jane Fraser announced one of the largest moves to cut headcount at a major U.S. bank in recent years.

Published 12 January 2024
Categorised as Finance News

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.”

Published 12 January 2024
Categorised as Finance News

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.

Published 12 January 2024
Categorised as Finance News

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.

Published 12 January 2024
Categorised as Finance News

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.

Published 12 January 2024
Categorised as Finance News

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.

Published 12 January 2024
Categorised as Finance News

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.

Published 12 January 2024
Categorised as Finance News

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.

Published 12 January 2024
Categorised as Finance News

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