Citigroup, the third-largest bank in the U.S., is planning to simplify its organization, and that includes dropping 20,000 employees in the “medium term.” The restructuring is part of Citigroup CEO Jane Fraser’s new business model, Read more…
The chairwoman of the U.S. Federal Communications Commission wrote to nine prominent automakers on January 11 asking about their policies regarding “connected car” technology and its capabilities regarding domestic abuse. Related: New report indicates alarming Read more…
Microsoft (MSFT) – Get Free Report on Jan. 11 notched a new 52-week high, briefly unseating Apple (AAPL) – Get Free Report as the world’s most valuable company. Apple, which recently dropped below its $3 Read more…
Despite the rise of online shopping, where almost anything can be delivered to your door in hours, many of us still go in person to do at least some of our chores. One such effort Read more…
Over the past 12 months, the retail world was rocked by big names going under and a couple of others just barely surviving. In most cases, you can blame the financial damage done by the Read more…
The 2024 market theme remains for several rate cuts from most central banks Fed is seen cutting rates six times despite the November Presidential election ECB and the BoC to cut first; RBA the last Read more…
Summary The continued resilience in U.S. activity has prompted a significant shift in our outlook for the U.S. economy. Our U.S. economics colleagues now believe the U.S. economy will avoid recession, achieve a “soft landing”, Read more…
A specific but substantial group of student loan borrowers could have their full balance forgiven by the beginning of February, the White House announced on Jan. 12. But who is eligible? Related: Scam alert: Avoid Read more…
The main release this week was US inflation, which surprised slightly to the upside with core inflation coming in at 3.9% y/y (consensus 3.8% y/y) as service inflation is still proving sticky. It contrasts with Read more…
In the wake of a year that saw record electric vehicle adoption achieved alongside weakening consumer demand, a new report from S&P Global Mobility found a transition trend that could indicate more challenges ahead for Read more…