Citigroup CEO Fraser Fights to Sell Turnaround Plan to Investors | Investment news

NEW YORK (Reuters) – Citigroup Inc chief executive Jane Fraser must struggle to convince skeptical analysts and investors that she can overturn the bank despite overseeing a sweeping overhaul in less than a year at the helm. Fraser took over the leadership of the Wall Street bank in February 2021, tasked with transforming a company … Read more

Investors riding the NFT craze face billions in taxes | crypto news

The NFT market has grown to $44 billion, Chainalysis data shows, and the rules for taxing the tokens are not clear. It’s one of crypto’s hottest corners – and now the US government wants its share of the profits. Investors and creators of non-fungible tokens — a market that has grown to $44 billion, according … Read more

Investors Wary of Bank Growth Despite Executive Optimism | Investment news

WASHINGTON (Reuters) – While US bank leaders were bullish on the economic outlook on Friday, pointing to an increase in some lending activity and a rise in consumer spending, investors were skeptical of the industry’s growth prospects. Drivers of the US economy JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co reported combined … Read more

Earnings to Test Growth Shares After Rocky Start to Year | Investment news

NEW YORK (Reuters) – A tough start to 2022 for US tech and growth stocks is upping the ante for upcoming earnings reports as investors seek reasons to maintain confidence in equities as they prepare for rate hikes. US interest. The S&P 500 information technology sector, which accounts for nearly 29% of the weight of … Read more

VCs invested more money than ever in startups last year

Hopin founder and CEO Johnny Boufarhat. Hoping Venture capitalists invested more than $ 675 billion in start-ups around the world in 2021, doubling the previous all-time high of 2020, according to data released Thursday by analyst firm VC Dealroom and British promotional agency London & Partners. Despite the pandemic, the number of so-called “unicorns” continued … Read more

Jared Kushner is a fan of bitcoin and cryptocurrencies, as Mnuchin’s emails show

Steven Mnuchin, US Treasury Secretary, from left, US President Donald Trump and Jared Kushner, White House Senior Advisor, listen during a bilateral meeting with Saad Hariri, Lebanese Prime Minister, not pictured, at the White House of Washington, DC Zach Gibson | Bloomberg | Getty Images New documents show that one of former President Donald Trump’s … Read more

Asian Equities Slide As Rising US Yields Hit Tech Stocks | Investment news

HONG KONG (Reuters) – Asian equities fell Wednesday on higher US Treasury yields which weighed on global tech companies and pushed the dollar to a five-year high against the Japanese yen. U.S. yields rose Tuesday as bond investors braced for Federal Reserve interest rate hikes by the middle of the year to curb stubbornly high … Read more

Dollar Celebrates 2022 With Gains Amid Positive New Year Mood | Investment news

LONDON (Reuters) – The dollar strengthened relative to its main rivals as optimistic market sentiment raised European equity and government bond yields for the first trading day of 2022 on Monday. But with London, Europe’s leading FX mall closed for a market holiday, volume is expected to remain limited. As the spate of coronavirus cases … Read more

Buoyant European Equities Greet New Year to Record Highs | Investment news

LONDON (Reuters) – World equity markets started 2022 confidently on Monday after a third straight year of double-digit gains, as the dollar, oil prices and benchmark government bond yields all took their first steps rising. London traders were enjoying their last day off holiday, but continental Europe saw a lively start, with the STOXX 600 … Read more