Tag: Citigroup Inc
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Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules
The Fed’s annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.
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South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing
The company plans to issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion).
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Here are the most overbought and oversold names after a volatile week
Applied Materials and Citigroup were among this week’s most overbought names, while Accenture and Fox Corporation were on the opposite side.
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Iran deal won’t solve oil supply issues overnight. Barclays keeps $100 forecast
Barclays warns that immediate normalization of physical oil supply chains across the Strait of Hormuz could take weeks.
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Momentum is building for a breakout in bank stocks, says Katie Stockton
Bank stocks are improving from a technical standpoint as market leadership broadens beyond technology, according to the founder of Fairlead Strategies.
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Call Kevin Warsh the Fed ‘chairman’
Kevin Warsh’s two immediate predecessors preferred to be called the Fed “chair.” For Warsh, it’s “chairman” of the Federal Reserve.
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Citigroup shares outperform down market after Trump endorsement
Jane Fraser-led Citi fell 1%, less than the rest of the market and some other major banks, after Trump lauded its turnaround in a social media post.
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Super Micro stock tumbles on $7 billion financing plans as company touts AI server orders
Super Micro is the latest company tied to the AI boom to announce that it’s tapping the capital markets.
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China trade defies Iran war drag as exports, imports beat estimates in May
China’s economy has shown signs of faltering following a strong first-quarter.
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