Jackyenjoy photography | Moment | Getty Images The start of 2024 has not been kind to workers in industries that started the year with layoffs. Google cut several hundred jobs in its central engineering, hardware and assistant teams. Amazon is shedding hundreds of positions in its Prime Video, MGM Studios, Twitch livestreaming and Audible divisions. … Read more
Citigroup CEO Jane Fraser testifies during a hearing before the House Financial Services Committee at the Rayburn House office building on Capitol Hill on September 21, 2022 in Washington, DC. Alex Wong | Getty Images Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and … Read more
Here are the most important news investors need to start their trading day: 1. Packaging Stock futures fell on Friday ahead of the week’s final trading session. However, all the major indices are still heading for weekly gains, despite what has seemed like near-daily stagnation since the start of 2024. The Dow Jones Industrial Average … Read more
Citigroup CEO Jane Fraser attends a hearing on the annual oversight of Wall Street firms before the Senate Banking, Housing and Urban Affairs Committee on December 6, 2023 in Washington, DC, US. Tom Williams | Cq-roll Call, Inc. | Getty Images Citigroup reported fourth-quarter results before Friday’s opening bell. Here’s what the company announced compared … Read more
Jamie Dimon, CEO of JPMorgan Chase, test during the Senate Banking, Housing and Urban Affairs Committee’s Annual Oversight of Wall Street Firms hearing on Dec. 6, 2023, in the Hart Building. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase is scheduled to report fourth-quarter earnings before Friday’s opening bell. Here’s what Wall … Read more
Jane Fraser CEO, Citi, speaks at the Milken Institute 2023 Global Conference in Beverly Hills, California, on May 1, 2023. Mike Blake | Reuters Citigroup warned investors late Wednesday that the charges associated with the drop in the Argentine peso as well as the bank’s reorganization were much higher than the company’s chief financial officer … Read more
Here are the top news investors need to start their trading day: 1. Welcome back Stocks rebounded to start the year on Monday after a week of losses. The broad S&P 500 ended roughly 1.4% higher, while the tech-heavy Nasdaq jumped a stellar 2.2%. The Dow improved only about half a percentage point as a … Read more