Tag: Citigroup Inc.

The Dow is on track for its best October in 6 years and third-quarter earnings are strong so far. What could go wrong?

A traditionally troublesome month is turning out to be anything but for the stock market…so far. Who would have thought, based on the way things ended last month, and the start to the first full week of October, that investors would be sitting pretty now. Certainly not Dennis Gartman. Yet, here we are. Look at […]

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Stocks making the biggest moves midday: BlackRock, Vimeo, Delta Air Lines, Moderna and more

Delta Air Lines Airbus A330-300 landing at Athens International Airport AIA ,LGAV / ATH Eleftherios Venizelos, with registration N806NW, a former Northwest Airlines Airplane. Nicolas Economou | NurPhoto | Getty Images Check out the companies making headlines in midday trading. BlackRock — Shares of the asset management giant rose 3.6% after BlackRock beat expectations on […]

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Jumbo home-loan originations near pre-2008 crisis levels

U.S. home prices haven’t been the only thing skyrocketing during the pandemic. Originations of large “jumbo” U.S. residential mortgage loans that exceed “conforming limits” set for housing giants Freddie Mac and Fannie Mae could hit $550 billion this year, a level not seen since the run-up to the 2008 financial crisis, BofA researchers wrote Monday, […]

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U.S. stock futures edge lower on eve of earnings season

U.S. stock futures slipped Monday, as traders continued to react to a jobs report that showed weaker-than-forecast employment growth, as investors prepare for the release of third-quarter earnings. What’s happening Futures on the Dow Jones Industrial Average YM00, -0.17% slipped 52 points, or 0.2%, to 34574 Futures on the S&P 500 ES00, -0.25% fell 11 […]

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CEOs are at their wits’ ends — they don’t know how to get their employees back in

CEOs are at their wits’ end to figure out how to get their employees back to work as high levels of Covid infections persist 18 months into the pandemic. That’s the sentiment shared by CNBC’s David Faber and Jim Cramer, who regularly speak with business leaders about return-to-work challenges. “I continue to hear a litany […]

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Leon Cooperman says his biggest position in the market now is very contrarian

Leon Cooperman on CNBC’s “Halftime Report.” Scott Mlyn | CNBC Billionaire investor Leon Cooperman said the stock market is not susceptible to an imminent correction, and investors can still find plenty of bargains. “The cyclical conditions are not ripe for a big decline,” he said, speaking on CNBC’s “Squawk Box” Thursday. “I’m finding a lot of things […]

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Affirm shares soar on news of Amazon partnership for buy now, pay later

Amazon is getting into the buy now, pay later space. The e-commerce giant is partnering with Affirm for its first-ever installment payments option on the popular e-commerce site. Affirm’s buy now, pay later checkout option will be available to certain Amazon customers in the U.S. starting Friday with a broader rollout in the coming months, […]

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Citi May Offer Bitcoin Futures Trading For Institutional Clients: Report

Bitcoin prices rose past $50,000 on Monday after weathering a crackdown by Chinese authorities Citigroup Inc is considering offering bitcoin futures trading for some institutional clients, a spokesperson for the bank said on Tuesday, citing increased demand in the cryptocurrency space. Bitcoin prices rose past $50,000 on Monday, after having weathered a crackdown by Chinese […]

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