Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” at the Economic Club of Washington in Washington, D.C., March 22, 2023. Valerie Plesch | Bloomberg | Getty Images Citigroup will soon begin layoffs in CEO Jane Fraser‘s corporate overhaul, CNBC has learned. Employees affected by…
Check out the companies making the biggest moves in premarket trading: Target — Shares surged nearly 14% after the retail giant beat earnings and revenue expectations for its third quarter, with help from as purchases in high-frequency categories like food and beauty helped boost otherwise weaker customer spending. Target posted earnings per share of $2.10…
Sergio Ermotti, CEO of UBS gestures during a panel discussion at the Swiss-American Chamber of Commerce in Zurich, Switzerland January 18, 2019. Arnd WIegmann | Reuters UBS Group CEO Sergio Ermotti says the “incredible” market demand for the bank’s recent issuance of AT1 (additional tier one) bonds is a “signal to the Swiss banking system.”…
HANGZHOU, CHINA – NOVEMBER 15, 2023 – An aerial photo shows a new property under construction in Hangzhou City, Zhejiang Province, China, Nov 15, 2023. On the same day, data released by the National Bureau of Statistics showed that from January to October 2023, the national real estate development investment was 9,592.2 billion yuan, down…
CHONGQING, CHINA – NOVEMBER 5, 2023 – High-rise buildings are seen in downtown Chongqing, China, November 5, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened. Retail sales grew by 7.6%…
Tiger Woods of the United States and Rory McIlroy of Northern Ireland walk to the 11th fairway during a practice round prior to the 2023 Masters Tournament at Augusta National Golf Club on April 03, 2023 in Augusta, Georgia. Ross Kinnaird | Getty Images Sport | Getty Images The PGA Tour said Tuesday it will…
Check out the companies making headlines in midday trading. Azenta — The life science stock jumped 13% on Tuesday, a day after the company delivered its fiscal fourth-quarter report. In addition to beating estimates of analysts polled by FactSet on both lines, the company also issued full-year adjusted earnings guidance of 19 cents to 29…
Check out the companies making headlines before the bell. Fisker — The electric vehicle startup company plummeted more than 18% after missing on third-quarter earnings forecasts and reporting light vehicle deliveries. The company noted that the pace of vehicle deliveries accelerated near the end of the quarter, however. Kraft Heinz — The food and beverage…
James Bullard at Jackson Hole, Wyoming. David A. Grogan | CNBC Former St. Louis Fed President Jim Bullard says the Federal Reserve still has “a ways to go” in fighting inflation and that there is still a risk that prices pick up once again. Between March 2022 and July 2023, the FOMC enacted a run…
Check out the companies making the biggest moves midday. Tesla — The electric vehicle maker rallied 4.7% after it was revealed that the updated terms of its cybertruck order agreements stipulate that buyers won’t sell the vehicle within the first year of ownership without permission from Tesla. Buyers could face possible legal action and Tesla…
