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The Latest Breaking News from Citi

Citi behind environmental racism: report

A Citi spokesperson strongly disputed findings that their investments in fossil fuels are harming people

Salon

Citigroup's China Expansion Plans Hit After Failing To Fix Data Management, Risk Control Issues: Report

The fines have hindered the bank's ability to comply with licensing regulations in China. And, to expand its operations into China, the bank needs a clearance letter from the U.S. Federal Reserve.

International Business Times

3 Semiconductor Stocks to Buy on the Dip

As Fed Chair Powell might say, the semiconductor sector's recent pullback represents a recalibration rather than the start of a downturn. With foundational support from AI advancements and a stabilizing economy, investors might want to buy the dip on these chip stocks.

Barchart

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The Wall Street economist who nailed the Fed's 'joyous' rate cut sees the same thing again

"In other contexts, a larger move may convey greater concern about growth, but Powell repeatedly stressed this was basically a joyous cut as ebbing inflation allows the Fed to act to preserve a strong labor market."

Fortune

1 'Strong Buy' Energy Stock That's a Free Cash Flow Gusher

Seadrill Limited, a leading offshore drilling company, is poised to capitalize on the industry's resurgence, with a strong free cash flow outlook and strategic market advantages that could drive significant upside.

Barchart

How Surging AI Demand Could Drive This Dividend Stock Higher

Eaton, a diversified power management company, is poised to benefit from the surging demand for AI-driven data centers, with its innovative power solutions and strong dividend growth making it an attractive investment opportunity.

Barchart

1 Analyst Says This AI Stock Will Overshadow Nvidia

The new product launch bodes well for the future of this AI stock.

Barchart

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Should You Buy This Dividend Stock with Almost 4% Yield That Could Double in Value?

Citigroup stock has a forward dividend yield of 4%. Wells Fargo believes that the stock could double over the next two and a half years as the company's CEO Jane Fraser tries to turn around the lender.

Barchart

Up 1,123% YTD, Is It Too Late to Buy This Breakout Biotech Stock?

Summit Therapeutics is a clinical-stage biotech company that has returned over 1,100% in 2024. Is the stock still a good buy right now?

Barchart

2 Top AI Stock Picks That Aren't Nvidia

There is more to AI than just Nvidia, as analysts have named these stocks their new favorites.

Barchart

Palantir's S&P 500 Inclusion: A Buy Signal or a Sell the News Opportunity?

Palantir surged on news that it's joining the S&P 500 Index. But is this the perfect buy signal, or a ‘sell the news’ moment?

Barchart

Boat Dealer MarineMax Sees Shares Surge After Citi Puts A Buy On Stock

Analyst James Hardiman told clients that the company could benefit when the Federal Reserve cuts its benchmark interest rate.

International Business Times

‘What We Do in the Shadows’, ‘Blue Bloods’, ‘Walking Dead: Daryl Dixon’ Among Shows Featured at PaleyFest NY

Tom Selleck, Caitriona Balfe, Norman Reedus, Gayle King will talk up their programs at October festival

Broadcasting & Cable

The job market is flashing a classic pattern that means a recession is coming, Citi says

“The takeaway from the range of labor market data is clear—the job market is cooling in a classic pattern that precedes recession.”

Fortune

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Barchart

1 'Strong Buy' Semiconductor Stock to Buy on the Dip

This semiconductor stock has pulled back sharply from its June highs, but with a bullish consensus rating, solid dividends, and impressive upside potential, it looks like a buy-the-dip opportunity.

Barchart

Is Apple Stock Set to Steal Nvidia's AI Momentum?

With the launch of Apple’s latest iPhone model this month, can the tech giant steal Nvidia's AI spotlight?

Fortune

Coinbase CFO says Kamala Harris is using firm to accept crypto donations

Speaking at Citi’s 2024 Global TMT Conference, Coinbase chief financial officer Alesia Haas says the exchange has increased its policy spend leading up to the election

Fortune

How big banks battle for customers who are absurdly loyal to their financial institutions

The average American stays with their bank for 17 years.

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International Business Times UK

'Get A Machine Gun And Kill Them All!': July Video Shows Alleged Citi Employee Explode At Protestors

A Citigroup employee's aggressive outburst towards protesters blocking the bank's New York headquarters has sparked outrage, intensifying tensions between the financial giant and environmental activists demanding an end to fossil fuel financing.

International Business Times

To Repair Its Reputation, Citibank Must Fix Its Culture

Citigroup has been hit with a torrent of suits and scandals in recent years -- all centered on the abusive way the bank has treated its customers.

Fortune

Citi and Wells Fargo join $31 million funding round for loan startup Setpoint

Setpoint sees a big opportunity in replacing the Excel sheets that companies and their credit facilities use to update the status of thousands of loans.

International Business Times

NY Eco Activists Turn Up Heat On Citi Over Polluting Investments

Environmental campaigners in New York have kept up a campaign of direct action against one of the city's foremost banking empires, Citi, accusing the group of fueling the climate crisis.

Barchart

3 Semiconductor Stocks Feeling the Pressure from Intel's Big Miss

Semiconductor stocks, such as AMAT and KLAC, could feel the impact of Intel's big miss in Q2 of 2024.

The Guardian - US

Cello-playing climate activist arrested at New York Citibank protest as crackdown escalates

Second activist also arrested during ‘summer of heat’ protest against second largest financier of fossil fuels

Fortune

In lawsuit, broker alleges Citi trader sexually harassed her for years

Christine O’Reilly’s supervisor at ICAP ignored her complaints to protect a client who was bringing in millions, suit claims.

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