Citigroup’s findings show that restructuring has its costs

The Citi bank logo is pictured in an exhibition hall in Bangkok, Thailand on May 12, 2016. REUTERS / Athit Perawongmetha Register now for FREE unlimited access to Reuters.com Sign in Jan 14 (Reuters) – Citigroup Inc (CN) showed some of the financial bruises needed for its current restructuring, posting a 26% drop in fourth-quarter … Read more

Analysis: Crypto companies are betting that the new mayor will make New York a hub of digital assets

Jan 12 (Reuters) – With American cities like Miami and Austin trying to woo digital asset companies, John Wu wasn’t sure whether to make New York City the permanent home of his cryptocurrency and blockchain start-up Ava Labs – until until Eric Adams was elected mayor in November. Wu said the election of Adams, a … Read more

Time to Buy: Retail investors take a dive when stocks falter

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, January 10, 2022. REUTERS / Brendan McDermid / File Photo Register now for FREE unlimited access to Reuters.com Sign in NEW YORK, Jan 12 (Reuters) – US retail investors have been falling buyers so far in 2022, grabbing … Read more

Wall Street closed higher after Powell’s testimony eased investor concerns

Powell says the economy can resist Fed tightening, Omicron IBM down after UBS downgrade to “sell” Las Vegas Sands skips JPM update Rising Indices: Dow 0.51%, S&P 0.92%, Nasdaq 1.41% 11 Jan (Reuters) – US stock indices gained ground Tuesday with the Nasdaq leading the way as investors were relieved that Federal Reserve Chairman Jerome … Read more

Asian equities, dollar hunt as investors watch Fed policy

Pedestrians wearing face masks walk near an overpass with an electronic card showing stock information, following a coronavirus disease (COVID-19) outbreak, in Lujiazui Financial District in Shanghai, China, 17 March 2020. REUTERS / Aly Song Register now for FREE unlimited access to Reuters.com Sign in Asian equity markets: Nikkei down 0.9%, trading resumes after the … Read more

Equities fall further as the rise in US yield unnerves investors

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, January 10, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Sign in Global equities stumble as the more aggressive Fed is squinting 10-year US Treasury yield hits 1.8% Dollar stuck in range despite … Read more