Jane Fraser wants to simplify Citigroup Inc., the original megabank. That will not be easy. On Monday, Ms. Fraser takes over as CEO of the third-largest bank in the US Once the …
Read More »Jane Fraser is getting better at Citigroup
How Europe became the world’s largest electric car market and why it might not last
European consumers are buying electric cars at a faster rate than ever, encouraged by government subsidies and the availability for the first time of models made by their favorite brands. The boom …
Read More »SolarWinds Hack pits Microsoft against Dell and IBM on how companies store data
The cyberattack that compromised many US corporate and government networks is fueling a debate among big tech companies about the safest way for customers to store critical data. It faces Microsoft Corp., …
Read More »ARK ETFs were all the rage and competitors emerged. Now they are all falling.
Cathie Wood, Founder of ARK Investment Management Courtesy of ARK Invest Text size ARK Invest’s hot, publicly traded funds suffered a major setback this week. In its worst week since last March, …
Read More »How Brazil could boost its market after the reorganization of Petrobras
A worker at a Petroleo Brasileiro (Petrobras) gas station in Rio de Janeiro, Brazil. Petrobras declined after President Jair Bolsonaro ousted the CEO. Andre Coelho / Bloomberg Text size Brazilian assets were …
Read More »US Treasury Yields Stabilize – WSJ
US government bonds showed signs of stabilizing on Friday, pushing yields lower a day after a chaotic session had triggered them. The yield on the benchmark 10-year Treasury bond stood at 1.459%, …
Read More »NYSE moves to delist Chinese oil company
The New York Stock Exchange said it would delist Cnooc Limited. CEO -2.84% , the Chinese oil company, to comply with an executive order signed by former President Donald Trump that targets …
Read More »Khashoggi’s sanction – WSJ
Friends of murdered Saudi journalist Jamal Khashoggi hold placards with his photo in front of the Saudi Arabian consulate in Istanbul, October 2, 2020. Photo: ozan kose / Agence France-Presse / Getty …
Read More »DirecTV spin-off from AT&T earns points for strategy, but not financial impact
Text size A DirecTV technician performs an installation in California. Patrick T. Fallon / Bloomberg AT & T’s complex transaction to divest DirecTV and its other pay-TV businesses met with generally positive …
Read More »The SEC is examining Robinhood’s trade arrests and options practices
Text size Wachiwit / Dreamstime The Securities and Exchange Commission is investigating Robinhood’s options practices and its decision to restrict the trading of certain shares at the height of the GameStop mania …
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