Citigroup Inc. is shutting down most of its consumer banking operations in Asia, Europe and the Middle East, the latest sign that the original financial supermarket is rethinking how to do business. …
Read More »Olo, Jowell Global and Sun Country Airlines began operating on Wednesday
Text size Sun Country Airlines raised $ 218 million after selling 9.1 million shares at $ 24 each. Daniel Slim / AFP via Getty Images Three companies: Olo, Jowell Global, Y Sun …
Read More »Today 100 million stimulus checks begin to arrive. Here’s how to track yours.
Major banks are scheduled to begin issuing stimulus checks for $ 1,400 on Wednesday, part of the IRS ‘effort to send 100 million checks over the next 10 days. Check timing has …
Read More »JPMorgan jumps to Greensill Fray, hampering Apollo talks
JPMorgan Chase JPM -0.71% & Co. is making a play for some of Greensill Capital’s clients, according to people familiar with the matter, revoking an offer from Apollo Global Management. Inc. APO …
Read More »OPEC-Plus keeps the cap on oil production and prices rise
OPEC and a Russian-led coalition of oil producers maintained most of their production cuts, surprising traders and driving oil prices up dramatically. Traders expected the group to distribute more oil to the …
Read More »Restaurant software provider toast prepares for IPO
Toast Inc. is planning an initial public offering that could value the restaurant software provider at around $ 20 billion, people familiar with the matter said. Toast turned to Goldman Sachs Group …
Read More »Big Tech employees opened wallets for the Biden campaign
WASHINGTON – Employees of large tech firms were a key source of contributions to Joe Biden’s presidential campaign, recently released campaign finance records show, overshadowing employee donations from traditional Democratic fundraising sources. …
Read More »Buffett’s Berkshire Hathaway bets billions on Verizon and Chevron
Billionaire Warren Buffett added two more great American brands to Berkshire Hathaway Inc.’s investment portfolio. Buffett’s conglomerate has bought $ 8.6 billion in shares of Verizon Communications Inc., the largest mobile phone …
Read More »Wells Fargo stock falls as revenue rebate
Word size Revenue was lower than the fourth quarter of 2019. Justin Sullivan / Getty Images Wells Fargo Shares are slipping after reporting revenue by a San Francisco-based bank that was lower …
Read More »Dow’s slide quickly explores the shape of the Biden Aid scheme as Wall Street
Shares plummeted on Friday as President-Elect Joe Biden unveiled the $ 1.9 trillion Kovid-19 relief package, with banks’ earnings stalled during the season and U.S. retail sales deteriorating more than expected. The …
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