Citigroup to Close Down Global Distressed-Debt Business: Here's What to Know
Citigroup Inc. is reportedly closing its global distressed-debt group as it undergoes further restructuring under CEO Jane Fraser's leadership.
Investors
Mark Zuckerberg Wants Investors to Wait for Their Long Term AI Vision Following Decline in Stock
Mark Zuckerberg seeks investor patience as Meta continuously pushes for AI projects, despite warnings and premarket stock decline fueled by increased spending and slower sales growth.
Facebook, Instagram Parent Company Meta Shares Tumble Amid Continued Push Into AI Development
Wall Street was alarmed by Meta's aggressive drive into AI development, despite the technology company's first-quarter earnings and revenues increasing 27% to $36.46 billion..
Donald Trump Eligible for Bonus Shares Worth Over $1 Billion from Truth Social Parent Company
Donald Trump, who owns 60% of Trump Media with 78.75 million shares, will get the bonus because the stock stayed above $17.50 per share for 20 out of 30 days...
SEC Accused of Illegally Monitoring Stock Market Investors in the US
The SEC is illegally collecting data on all US stock market investors, according to a new lawsuit...
Trump Media Investors Finally See Uptick in Their Shares for 2 Straight Days
Trump Media shares closed almost 26% higher on Thursday....
Tinder for Business: Angel Investors Can Find Best Business Match, Thanks To Cherub App
This Tinder-like business app can help angel investors find the best b...
Latest News
Affirm Expands Partnership With Walmart for 'Buy Now, Pay Later' Self-Checkout Feature
Financial tech company Affirm has announced its expansion of services with Walmart to bring the company's flexible pay-over-time options to self-checkout kiosks in over 4,500 of the retailer's US stor
Warren Buffett-Led Firm Berkshire Hathaway's Bribery Allegations Against a Truck-Stop Billionaire Can't Be Used in Court: Judge
The Warren Buffett-led conglomerate Berkshire Hathaway has been denied in using the allegations that billionaire Jimmy Haslam tried to bribe Pilot truck stop chain's employees to inflate the company's
Goldman Sachs Says 'The Great Disinflation' Is Under Way, Setting the Stage for 5 Eventual Fed Rate Cuts
The chief economist of Goldman Sachs is anticipating the end of the pandemic-era inflation soon, as the world economy has now entered a period of "The Great Disinflation."
Citigroup's Plan to Set up Securities Business in China Faces Delay
Citigroup Inc. is reportedly facing delays in its plans to establish a fully-owned securities business in China.
Chuck E. Cheese Reportedly Taps Goldman Sachs to Help With Potential Sale
Chuck E. Cheese, the popular US restaurant chain that came out from bankruptcy three years ago, is reportedly considering a sale amid acquisition interest.
JPMorgan Chase Says Ethereum Will Outperform Bitcoin, Other Cryptocurrencies in 2024
JPMorgan Chase analysts foresee a potential shift in the cryptocurrency market dynamics next year, predicting that ethereum will outperform bitcoin and other cryptocurrencies.
IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia
The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia.
Dow Jones Hits an All-Time High After Federal Reserve Signals Interest Rate Cuts Next Year
After the Federal Reserve signaled it could start cutting interest rates next year if inflation continues to fall, the Dow Jones Industrial Average closed at a new record high.
Elon Musk's SpaceX to Sell Insider Shares at $97 Each in Tender Offer, Making Its Value Closer to $180 Billion: Report
SpaceX will reportedly sell insider shares at $97 each in a tender offer, a price increase that brings the valuation of the Elon Musk-owned space and satellite company closer to $180 billion.
