Citigroup's CEO, Jane Fraser, addressed ongoing organizational changes in a Thursday conference call with managing directors. She detailed the broader plan, aiming to cut 20,000 jobs over two years as…
The U.S. House of Representatives greenlit a stopgap bill to avert a government shutdown, passing 314-108. It now awaits President Joe Biden's approval after the Senate's 77-18 vote. Senate Majority…
During Thursday's Asian session, WTI trades at $72.70, buoyed by optimistic news. OPEC's positive report predicts robust oil demand growth for 2024 and 2025, projecting a 2.25 million bpd increase…
At the start of the week, global stocks maintained stability, notably with U.S. markets closed for a holiday. However, Chinese equities saw a dip due to the surprising decision by…
In a significant corporate overhaul, Citigroup, led by CEO Jane Fraser, has announced a workforce reduction of 10%, aiming to enhance the bank's performance and stock prices. Approximately 20,000 employees…
In premarket trading on Tuesday, Match Group's (NASDAQ: MTCH) shares surged by 8.3%. This significant increase followed a report from the Wall Street Journal, indicating that Elliott Investment Management, an…
In Asian markets this week, U.S. payrolls and service sector data offer limited inspiration amid economic uncertainties. The S&P 500 and Nasdaq posted their worst weekly showing in months, raising…
Authors Nicholas Basbanes and Nicholas Gage filed a class-action complaint, alleging Microsoft and OpenAI "simply stole" their copyrighted works. This lawsuit follows The New York Times' similar suit against Microsoft…
In a recent ruling, the National Labor Relations Board (NLRB) mandated that Google must negotiate with the YouTube worker union. The decision comes after Google refused to engage in bargaining…
Oil experienced a lower settlement on Thursday amid substantial U.S. fuel inventory builds, with Brent crude dropping 66 cents to $77.59, and WTI crude falling 51 cents to $72.19. This…