Citigroup is a leading global financial services company that provides a wide range of financial products and services to consumers, corporations, governments, and institutions around the world. It operates through various segments, including global consumer banking, institutional clients, and treasury and securities services. The firm offers services such as investment banking, wealth management, credit cards, loans, and other financial solutions, leveraging its extensive international presence and a deep understanding of diverse markets to facilitate transactions and support clients' financial needs. Through its commitment to innovation and customer service, Citigroup aims to help clients thrive in an increasingly complex financial landscape. Read More
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Citibank, N.A. is announcing the redemption, in whole, constituting $1,750,000,000 of its 5.864% Notes due 2025 (the “fixed rate notes”) (ISIN: US17325FBA57) and $750,000,000 of its Floating Rate Notes due 2025 (the “floating rate notes” and together with the fixed rate notes, the “notes”) (ISIN: US17325FAZ18).
Shares of semiconductor testing company FormFactor (NASDAQ:FORM) jumped 5.3% in the afternoon session after the stock rallied along with the broader semiconductor sector following comments from Federal Reserve Chair Jerome Powell that sparked a market-wide rally, overshadowing an analyst downgrade. The broader market surge came after Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium increased investor confidence that the Fed may lower interest rates next month. The positive sentiment sparked a significant rally across Wall Street, with the technology and semiconductor sectors showing notable strength.
According to Tyler Radke, a senior Citigroup equity analyst, Palantir Technologies Inc.'s (NASDAQ: PLTR) lofty valuations are difficult to justify despite its robust second-quarter performance.
Shares of semiconductor testing company FormFactor (NASDAQ:FORM) fell 3.2% in the morning session after Citigroup downgraded the stock to 'Neutral' from 'Buy' and lowered its price target. The downgrade came from Citigroup analyst Elizabeth Sun, who also lowered the price target for FormFactor to $31.00 from $36.00. This nearly 14% reduction in the price target reflects the analyst's updated and more cautious expectations for the company's market performance. A downgrade from a major financial institution like Citigroup can influence investor sentiment, as it suggests a reassessment of the stock's potential upside in the near term, leading to selling pressure.
Citigroup's head of human resources, Sara Wechter, had initiated an inquiry after anonymous concerns were raised with the bank's board regarding Sieg's conduct.
The financial world is abuzz with anticipation as the annual Jackson Hole Economic Symposium draws near, an exclusive gathering hosted by the Federal Reserve Bank of Kansas City in the serene mountains of Wyoming. This highly influential event, bringing together central bank leaders, economists, and financial market participants from across
Monroe, Louisiana--(Newsfile Corp. - August 19, 2025) - Krown Technologies, Inc., the pioneering force behind the world's largest quantum-secured Layer...
The United States is witnessing a new wave of excitement in the cryptocurrency sector as more companies rush to go public . This surge comes at a time when friendlier policies under President Donald Trump’s second term have boosted investor confidence and pushed the value of digital assets to record levels. The global cryptocurrency market recently climbed to an all-time high of $4.2 trillion, creating the perfect environment for firms to tap into public markets.
US bank Citigroup is considering offering services tied to stablecoins, including custody solutions, according to one of its senior executives. The bank joins a list of major traditional players, including Bank of America and Fiserv, looking to step further into the crypto space.
Shares of document technology company Xerox (NASDAQ:XRX) fell 3.2% in the morning session after Citigroup reinstated coverage on the stock with a "Neutral" rating and a significantly lower price target.
Gemini, the crypto exchange founded by the Winklevoss twins, has filed to list on Nasdaq despite a $282 million loss, aiming to join Coinbase and Bullish in the growing wave of public crypto firms.
SINGAPORE - Media OutReach Newswire - 15 August 2025 - SUNRATE, the global payment and treasury management platform, today announced it has secured a...
CITIGROUP INC (NYSE:C) shows strong breakout potential with a perfect 10 technical score and 9 setup rating, signaling upward momentum and consolidation near highs.
