Citi's New Leadership Leap
This week, Viswas Raghavan became Citigroup's head of banking in New York. Formerly with JPMorgan, his hiring earlier this year reflects Citi's strategy to strengthen its leadership. Citi CEO ...
Stock market on Friday
The US stock market ended Friday's trading with gains in the utilities, health care and consumer goods sectors.
At the close on the New York Stock Exchange, the Dow Jones was up 0.41 per cent, the S&P 500 was up 0.56 per ...
Citi Mexico unit to be sold
Citigroup is close to completing a deal to sell its Mexico unit. The Financial Times reported this on Monday, specifying that the deal could be worth between $6bn and $8bn.
According to the newspaper, billionaire Germ&aa...
Report from Bank of America
Bank of America's profit for the second quarter of this year fell by 32% compared to the same period in 2021. Such data are given in the bank's quarterly financial results report published on Monday.
The second-largest U...
Schedule for the week
The Dow Jones rose 0.40 per cent on Friday on the New York Stock Exchange, the S&P 500 fell 0.27 per cent and the Nasdaq Composite fell 1.34 per cent.
The US stock market ended Friday's trading multidirectional due to stre...
Top banks
JPMorgan Chase (JPM), Goldman Sachs (GS), Bank of America (BAC) and Citigroup (C) are on the list of banks that made the most money from IPOs, initial public offerings, in 2021. Market analysts say that will change in 2022.
The latest fin...
Shares rise on report backdrop
Shares of major US banks Bank of America (BAC), Morgan Stanley (MS), Wells Fargo (WFC) and Citigroup (C) rose at the premarket after the release of Q3 2021 reports. Banks' earnings and profits beat Wall Street expectat...
Company report
JPMorgan Chase (JPM) was the first major bank to report Q3 earnings and profits, its performance largely reflecting the state of the US economy and the strength of the financial markets.
JPMorgan Chase (JPM), the largest US bank by m...
Stocks of companies at a time of rising bond yields
Shares in General Electric, Caterpillar and Boeing as well as financial and energy companies would be the best bet as US Treasury yields return to annual highs.
This ...
Crisis in the making
Nasdaq Composite, S&P 500 and Dow Jones fell sharply on Monday, with the financial sector hardest hit shares of major US banks JPMorgan Chase (JPM), Goldman Sachs (GS) and others fell by 3% or more. The market sees risks in ...
Marketplace for stock trading
Exchange operator Nasdaq Inc. plans to spin off its private equity marketplace into a separate segment in partnership with a group of US banks, including Goldman Sachs G...
Dividends and shares
The US banking sector and Wall Street as a whole received a positive signal after stress tests conducted by the Fed for 23 major US banks showed better capitalisation results than required by the ce...
US indices
The US stock market closed on Friday lower, with the Dow Jones Industrial Average suffering its biggest weekly loss since October 2020. The market was pressured by fears that the US Federal Reserve ...
New York Stock Exchange premarket
Shares in Boeing (NYSE:BA) are up 0.5% following the US and EU decision to end a 17-year dispute over aircraft subsidies for Boeing and its rival Airbus.
Biogen (NASDAQ: BIIB) shares were down 0.3% following a fail...
NIO and Xpeng shares
Shares in Chinese electric car makers NIO and Xpeng rose after the companies released higher figures for shipments of their cars in May compared to April, despite a global chip shortage.
Shares in ...
PayPal is "super app"
PayPal is preparing to introduce a number of new features in the third quarter as its management sees the company's future in the concept of a "super-app" with capabilities that go far beyond the payment function alone.
PayPal...
The lifting of restrictions
The Fed will allow large US banks that have passed a round of stress tests with capital requirements to resume dividend increases as well as increase share buyba...
New funding round
Stripe, the international payment processing company, has raised $600m in funding and has a market valuation of around $95bn. higher than the valuation of Facebook or Uber on the eve of their IPOs. Stripe's millions of customers in...
Shares of financial companies
Major US banks JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) reported their fourth quarter 2020 results. Shares in all three banks declined on Friday amid a general market decline following a pessimistic gov...
NEW YORK NEWS
News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova
Development Director
