Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023. Mike Blake | Reuters Citigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank’s reorganization came in far higher than disclosed by the company’s CFO just … Read more
A bull and a bear statue stand outside the Frankfurt Stock Exchange in Frankfurt. Ralph Orlowski | Bloomberg | Getty Images After a choppy 2023, economists believe that the European economy is set for a transitional year, as major headwinds — high inflation and rising interest rates — fade into the rearview mirror. Despite the … Read more
Jtsorrell | Istock | Getty Images A new mysterious nonprofit group backed by the crypto industry has set up a mailing address about 100 miles away from Washington, D.C., and is making movies to exert power in the nation’s capital. The Cedar Innovation Foundation, a 501(c)(4) that was incorporated in Delaware in April, has launched … Read more
A worker tying copper wire rods before loading them onto a truck in Huai’an, Jiangsu Province of China. Vcg | Visual China Group | Getty Images Copper prices are set to soar more than 75% over the next two years amid mining supply disruptions and higher demand for the metal, fueled by the push for … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) on the first trading day of 2024 on January 02, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
My top 10 things to watch Tuesday, Jan. 2 1. The S & P 500 finished 2023 with nine straight up weeks, its best winning streak since 2004. Up 24% for the year. We’re kicking off the new year by trimming 8 stocks that had huge runs last year. Bulls make money, bears make money, … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) on the first day back since the Christmas holiday on December 26, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images In each of the past 16 Decembers I have selected and invested personally in 10 of the … Read more
Bristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share. Karuna’s stock popped more than 47% on the news Friday morning, hitting around $317 a share. Bristol Myers Squibb shares rose more than 2%. The deal will help expand Bristol Myers’ drug … Read more
