Hermès eludes luxury slowdown, could overtake Louis Vuitton as top brand, analyst says

aol.com continues to resist a slowdown in the luxury industry. And according to a recent note from Citi, the 187-year-old French luxury design house could dethrone LVMH-owned…

Yen Hits 34-Year Low as Market Eyes Bank of Japan Meeting

tftc.io The Japanese yen has reached a 34-year low against the U.S. dollar and has hit decade lows against other major currencies. This significant drop comes just before a Bank of…

Isn’t it time your checking account paid you back?

fortune.com If you’re in the market for a new checking account, you could supercharge your savings by choosing one that offers a cash bonus: You’ll get a place to park your savings and…

Barclays accused of greenwashing over financing for Italian oil company

theguardian.com Barclays is being accused by environmental groups of greenwashing after helping to arrange €4bn (£3.4bn) in financing for the Italian oil company Eni in a way that allows…

Analysts reboot stock price target for GE Aerospace after earnings

thestreet.com On May 29, 1453, Constantinople, the capital of the Byzantine Empire, fell to the Ottoman Empire after a 53-day siege, an event that historians say marked the end of the…

3 Hydrogen Stocks to Buy on the Dip: April 2024

investorplace.com Here are some of the top hydrogen stocks to buy and hold Keep an eye on hydrogen stocks to buy on the dip. For one, according to Energy Secretary Jennifer Granholm, as noted…

Booking.com Forms Virtual Card Partnership With WEX

pymnts.com Global commerce platform WEX has launched a virtual card partnership with Booking.com. The new arrangement, announced in a news release Thursday (April 25), expands on the…

A rate cut in June is still on tap because the job market is weakening, Citi economist says

aol.com None It's still likely the Fed will issue its first rate cut this June, Citi economist Veronica Clark said. • None That's because central bankers will need to support a…

Goldman Sachs moves its top EMEA banker to Paris as the French capital challenges London’s finance crown

aol.com The question of which city would take the crown as Europe’s financial hub from the City of London has gripped European capitals ever since Brexit spelled the end of London’s…

Analysts favorite fintech stock Adyen tumbles after revenue miss

investing.com Shares of Adyen (AS: ) plummeted over 12% after the company missed revenue expectations for the fiscal Q1 2024. The Dutch payments firm reported a net revenue of €438.0…

Microsoft Stock Poised for $500+ Move as AI Catalysts Overshadow Earnings Risk

investorplace.com As you likely know full well, the big next event for Microsoft (NASDAQ:MSFT) and Microsoft stock is fast approaching. That would be the company’s quarterly earnings release,…

Microsoft Earnings Should Focus on AI and the Cloud

barrons.com Microsoft is due to report March quarter earnings after the close of trading on Thursday, and you can be sure that the focus is going to be on the cloud and artificial…

GDP Report: What to Expect in the First-Quarter Report

barrons.com Almost every indicator, from employment and income to business activity and retail sales, has painted a picture of a resilient U.S. economy over the past three months. But…

The Economy Looks Strong. It's on Track to Keep Growing

barrons.com The Economy Looks Strong. It's on Track to Keep Growing—Just Not as Fast. Almost every indicator, from employment and income to business activity and retail sales, has…

The Elephant in the Chip Room: Why Intel Stock’s Post-Earnings Pop May Be Short-Lived

investorplace.com Foundry and China-related headwinds will keep outweighing Intel's AI catalyst Intel (NASDAQ:INTC) stock pulled back in recent weeks, but you may be confident that a rebound…

Layoffs Watch ’24: Citi

dealbreaker.com The bad news is, by the end of this week, some 5,000 people who worked for Citigroup in September will not anymore, including some 1,500 managers. The good news is, if you…

Diffblue Launches GitHub Actions Integration for AI-Powered Autonomous Unit Testing

benzinga.com OXFORD, United Kingdom, April 24, 2024 (GLOBE NEWSWIRE) -- Diffblue, the leading provider of AI-powered unit testing solutions, today announced the launch of Diffblue Cover…

Kering Tumbles On Profit Warning As Gucci Revamp Stumbles

zerohedge.com Kering Tumbles On Profit Warning As Gucci Revamp Stumbles Gucci owner Kering SA's problems in mainland China are only mounting as the French luxury giant issued a profit…

How to make credit cards less evil

axios.com A new card from the buy now, pay later company Klarna shows that it's possible to build a credit card that isn't designed to trap users in a so-called sweat box. Why it…

Fosun International On Cusp Of New 'Asset-Light' Era With Latest Sale

benzinga.com Fosun International’s total debt-to-capitalization ratio stood at 50.4% at the end of last year, down 2.9 percentage points from the previous year • The company recently…

Sherwin-William’s Win Over PPG Stock in The Construction Boom

marketbeat.com The threat of geopolitical tension is always bad for the stock market; however, certain stocks tend to shrug off international conflicts. Inside the U.S., the real estate…

Virtual Cards Set to Transform Buyer-Supplier Relationships

pymnts.com Management guru Peter Drucker once said that “wherever you see a successful business, somebody made a courageous decision.” That’s the spirit behind the Certainty Project, a…

People Moves Monday: Sarasin & Partners, RBC, SimCorp and more…

thetradenews.com Sarasin & Partners appointed Neil Palan, former Odey Asset Management trader, to join its ranks as a multi-asset dealer, The TRADE revealed last Monday. Neil Palan joins…

Puts on Bayer? "Pharmaceutical giant Bayer is getting rid of bosses and asking staff to ‘self-organize’ to save $2.15 billion"

fortune.com In a bid to claw back $2.15 billion, the struggling pharmaceutical giant Bayer CEO is doing away with middle managers and 99% of the company’s 1,362-page corporate handbook,…

Jim Cramer ranks first-quarter earnings from 6 major U.S. banks. Our portfolio stocks fared well

cnbc.com Wall Street's biggest banks finished reporting first-quarter earnings this week. Overall, their results were positive. Jim Cramer ranks them. The "pecking order" for the…

Senators Press Banks for Better Defenses Against Wire Fraud

pymnts.com The looming specter of wire fraud has spurred lawmakers to press big banks for better defenses against bad actors — and a detailing of the impact the scams have had on…

Analyst who was right about copper prices rally is back with the new forecast

investing.com Prices of surged to the highest point since June 2022, buoyed by a weakening dollar as traders prepared for an extended period of monetary tightening in the United States.…

Ex-Credit Suisse equity trader joins BMO Capital Markets in electronic trading role

thetradenews.com BMO Capital Markets has appointed Harj Bagria within its electronic trading division, The TRADE can reveal. Bagria joins BMO from Credit Suisse, where he spent nearly five…

Circle debuts way to trade BlackRock tokenized fund shares for USDC

blockworks.co Holders of BlackRock’s first tokenized fund will now be able to transfer their shares to receive USDC. Transfers will be possible on the secondary market via new smart…

Tesla's awful 2024: layoffs, exec resigns, low delivery numbers

businessinsider.com By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Access your favorite topics in a personalized feed while you're on…

Citigroup, Wall Street’s biggest loser, is at last on the up

economist.com Unmanageable and uninvestible. That is how investors have long considered Citigroup. For over a decade the bank, which was once the largest and most valuable in America, has…

Wall Street’s biggest loser at last looks to be on the up

economist.com Unmanageable and uninvestible. That is how investors have long considered Citigroup. For over a decade the bank, which was once the largest and most valuable in America, has…

Crypto Carnage: Why Robinhood Stock Is Headed for a Massive Plunge

investorplace.com The valuation of HOOD stock is quite high Given the recent weakness of cryptocurrencies and my belief that they could fall much further, along with the extremely elevated…

Tesla's awful 2024 is getting much worse

aol.com None This post originally appeared in the Insider Today newsletter. • None You can sign up for Business Insider's daily newsletter here. Halfway to the weekend! Budget cuts…

Market 'underappreciates' that the Fed will cut rates for one reason or another

investing.com According to a recent research note from Citi analysts, the market is potentially overlooking the Federal Reserve's inclination to reduce interest rates in the near future,…

While TGI Friday's falters, Texas Roadhouse thrives

marketplace.org The flair-laden restaurant chain TGI Friday’s plans to list on the London Stock Exchange, via a merger with its U.K. franchisee. It’s an interesting time for the strip mall…

Bank of America CEO Brian Moynihan thinks Wall Street is Fed watching way too much: ‘They don’t have the power to decide what the facts are’

aol.com While analysts may be hankering after hints from Fed chairman Jerome Powell on his next move, Bank of America CEO Brian Moynihan is looking elsewhere to gauge the economic…

RBC taps Citi for new institutional municipal trader, VP

thetradenews.com Casey Crawford has been appointed institutional municipal trader, vice president, at RBC, joining from Citi. New-York based Crawford was previously vice president,…

Bank of America CEO says Wall Street is 'Fed watching' way too much

fortune.com While analysts may be hankering after hints from Fed chairman Jerome Powell on his next move, Bank of America CEO Brian Moynihan is looking elsewhere to gauge the economic…

Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles

pymnts.com Earnings season, so far — and chiefly through the big banks — is pointing to some strength in consumer credit. And that strength has been measured through FICO scores…

Gold could soar 25% in the next 18 months as Middle East tensions and Fed easing boost the precious metal, Citi says

aol.com None Gold could hit $3,000 per ounce in the next six to 18 months, a 25% jump from its current price, says Citi. • None Iran's weekend strike on Israel has driven up demand…

Your complete guide to earning and redeeming points in the Citi ThankYou program

edition.cnn.com CNN Underscored reviews financial products based on their overall value. We may receive a commission through our affiliate partners if you apply and are approved for a…

Wall Street bosses cheer investment banking gains but stay cautious

theglobeandmail.com Wall Street’s bosses are finally seeing signs of a broader pickup in investment banking, but they are not cheering too loudly just yet. Investment banking divisions showed…

DocuSign and The Case for 66% Upside

marketbeat.com With as much as a 60% gain since November, you might think that shares of DocuSign, Inc. NASDAQ: DOCU were back to their former glory. An optimist would say that's not a…

Shakira Announces Dates For 2024 N. American Las Mujeres No Lloran Fall Arena Tour

billboard.com After telling fans during her Coachella performance with Bizarrap last weekend that she would be touring this year, Shakira has announced the first leg of her 2024 Live…

Corporate dealmaking has picked up. That’s good news for bankers

marketplace.org The business of banking has become tougher in the last few years. Rising interest rates mean banks have to pay depositors more interest, and many banks have a lot of risky…

The full list of major US companies slashing staff this year, from Tesla to Google and Apple

aol.com None Last year's job cuts weren't the end of layoffs. Further reductions have begun in 2024. • None Companies like Tesla, Google, Microsoft, Nike, and Amazon have announced…

The Next Commodity Supercycle? 3 Top Copper Stocks to Buy Now

investorplace.com Here are just a few top copper stocks to buy and hold Copper prices now sit at their highest level in about two years, which has catapulted copper stocks to higher highs.…

3 High-Priced Stocks That Should Follow Chipotle’s 50-for-1 Split

investorplace.com Here are three stock-split candidates to buy now On March 19, Chipotle Mexican Grill (NYSE: ) announced the first stock split in its history. When it comes to high-priced…

Tesla Stop-Sale Order: Why Tesla Is Blocking New Sales of the Cybertruck

investorplace.com New problems with the Cybertruck threaten Tesla's growth prospects If you were thinking of purchasing a Tesla (NASDAQ: ) Cybertruck in the near future, you may be out of…

eCommerce Helps Fuel Unexpected Climb in Retail Sales

pymnts.com Retail sales climbed higher than anticipated in March, fueled in part by a jump in eCommerce. Data released Monday (April 15) by the U.S. Department of Commerce showed…

Citi’s Results Say This About The Stock Market

marketbeat.com Traders who postpone the potential interest rate cuts from the Federal Reserve (the Fed) could be in for a reckoning. According to the FedWatch tool at CME Group Inc., the…

JPMorgan Stock Tumbles On Net Interest Income Guidance, Hennessy’s Ellison Says, As Q1 Bank Reports Begin

forbes.com The first-quarter earnings season kicked into high gear today with a mixed bag of reports from three big banks, JPMorgan, Citi, and Wells Fargo. David Ellison, a portfolio…

Citibank Allows Fraudulent Wire Transfers To Proceed After Customers Report Scams, Ask Bank To Freeze Transactions: New York Attorney General

dailyhodl.com New York Attorney General Letitia James says one of America’s biggest banks does nothing to stop fraudulent wire transfers even after the bank’s own customers call to report…