Latest Citigroup Inc News

Banks far from hitting Paris climate targets, groups warn

Jul. 28, 2022 14:59 PM EDT

The world’s most influential banks need to substantially accelerate climate efforts if global temperature rise is to be kept within the targets of the Paris Agreement, an assessment released Thursday by an institutional investors group warned. The efforts of 27 giant banks in North...

Earnings slide ongoing for banks; BofA Q2 profit dips 32%

Jul. 18, 2022 08:26 AM EDT

NEW YORK (AP) — Bank of America's second quarter profits fell 32%, the latest major U.S. bank to report a dip in earnings after a strong 2021. A better reflection of performance at the country’s second largest bank this quarter was revenue, which increased from $21.5 billion, to...

Pinterest, Citigroup rise; Innovative Industrial falls

Jul. 15, 2022 16:21 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Pinterest Inc., up $2.84 to $20.40. Activist investor Elliott Management reportedly took a big stake in the digital pinboard and shopping tool company. Citigroup Inc.,...

Asian shares mixed after China says growth weakened in 2Q

Jul. 14, 2022 23:44 PM EDT

BANGKOK (AP) — Share prices were mixed in Asia on Friday after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home. Tokyo's Nikkei 225 index added 0.6% to 26,797.47. The Kospi in Seoul was up 0.1% at...

Abortion ruling thrusts companies into divisive arena

Jun. 25, 2022 10:18 AM EDT

The Supreme Court's decision to end the nation’s constitutional protections for abortion has catapulted businesses of all types into the most divisive corner of politics. Some companies that stayed silent last month — when a draft opinion by Justice Samuel Alito was leaked to...

US to end Russia's ability to pay international investors

May. 25, 2022 02:38 AM EDT

WASHINGTON (AP) — The U.S. will close the last avenue for Russia to pay its billions in debt back to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable. The Treasury Department said in a...

Snap, Nautilus fall; Nordson, Insulet rise

May. 24, 2022 16:37 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Best Buy Co., up 88 cents to $73.47. The nation’s largest consumer electronics chain reported strong first-quarter revenue. Nautilus Inc., down 48 cents to $2.03. ...

Today in History: May 20, Lindbergh takes off

May. 20, 2022 00:02 AM EDT

Today in History Today is Friday, May 20, the 140th day of 2022. There are 225 days left in the year. Today’s Highlight in History: On May 20, 1956, the United States exploded the first airborne hydrogen bomb over Bikini Atoll in the Pacific. ...

Target, Lowe's fall; TJX, Agilysys rise

May. 18, 2022 16:17 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Target Corp., down $53.67 to $161.61. The retailer's first-quarter profits were squeezed by higher costs amid persistently rising inflation. Lowe's Companies Inc.,...

Buffett's firm reveals new stakes in Paramount, Citigroup

May. 16, 2022 20:31 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the biggest investments with Berkshire Hathaway shareholders at the company's recent...