Latest Citigroup Inc News

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...

Major companies stay mum on thorny abortion issue - for now

May. 05, 2022 17:18 PM EDT

NEW YORK (AP) — A leaked draft of a Supreme Court opinion that would abolish a nationwide right to abortion has thrust major companies into what’s arguably the most divisive issue in American politics. But while some are signaling support for abortion rights, many want to stay...

Russia makes last-minute bond payment to avoid default

Apr. 29, 2022 20:18 PM EDT

NEW YORK (AP) — Russia staved off a default on its debt Friday by making a last-minute payment using its precious dollar reserves sitting outside the country, U.S. Treasury officials said. The amount of the payment was not disclosed, but earlier this month Russia’s finance...

Big bank profits decline as deal-making, mortgages slow

Apr. 14, 2022 11:47 AM EDT

NEW YORK (AP) — Four big banks reported noticeable declines in their first-quarter profits Thursday, as the volatile markets and war in Ukraine caused deal-making to dry up while a slowdown in the housing market meant fewer people sought to get a new mortgage or refinance. The...

Asian shares track Wall Street higher, oil prices retreat

Apr. 13, 2022 23:49 PM EDT

BANGKOK (AP) — Asian shares were mostly higher Thursday after an advance on Wall Street that ended a three-day losing streak. Tokyo, Hong Kong and Shanghai advanced while Seoul edged lower. Oil prices fell back and U.S. futures climbed. Investors appeared to brush...