CEO Michael Corbat answers questions at Citi’s 2017 Investor Day. Source: Citigroup.com Three years ago, Michael Corbat strode onto the stage of a midtown Manhattan ballroom in midtown Manhattan and proclaimed that a new day had arrived at Citigroup. The bank had set up the July 2017 event, its first investor meeting since the 2008
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Finally attaining the home of your dreams—or any home—doesn’t mean it will be safe from foreclosure. A crisis could come that puts you at risk for foreclosure, especially if your dream house entails big mortgage payments. If your home is at risk of foreclosure, the problem should be addressed immediately—one wrong move could spell disaster.
Warren Buffett Gerry Miller | CNBC Warren Buffett, the man who pioneered buy and hold investing, just made quite a fast billion bucks from a type of investment he once mocked. Berkshire Hathaway bought $250 million worth of Snowflake stock at the IPO price and an additional 4.04 million shares from another stockholder at the
The coal industry remains a major supplier to key industries such as steel and utilities through large numbers of coal-fired electricity plants. It remains a dominant energy supplier despite growing global awareness of climate change and moves to reduce the use of coal, one of the world’s most plentiful fossil fuels. Companies like Arch Resources
Adam Dell attend Sony Pictures Classics And The Cinema Society Host The After Party For “The Burnt Orange Heresy” at New York Academy of Art on March 5, 2020 in New York City. Paul Bruinooge | Patrick McMullan | Getty Images Goldman Sachs is one step closer to creating what it calls the digital bank
Transportation, power, and water facilities are public goods that benefit everyone in the economy, and government provision of these goods is critical to the economy. That is not a controversial conclusion. However, infrastructure projects are often touted as excellent methods of fiscal stimulus, irrespective of the benefits of the end products they produce. This claim
The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of DraftKings rose sharply on Monday after the sports gaming company announced an agreement with sports entertainment giant
StubHub operates one of the world’s largest online ticket reselling marketplaces. The company brings together ticket buyers and sellers and allows them to transact business by using either the company’s web site or mobile applications. A subsidiary of eBay Inc. (EBAY), StubHub has been operating since 2000 and is one of the most recognizable online
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH How can you pinpoint compelling investing opportunities in the current environment? Stocks tumbled for the week in a tech-led selloff after reaching record highs. However, even after the pullback, the S&P 500 has still surged almost 15% on
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Source: CNBC Citigroup CEO Michael Corbat said that he is retiring in February after eight years leading the bank, and that the firm’s retail banking chief Jane Fraser will succeed him, making her the first female CEO of a
“Why do I need a lawyer?” many a do-it-yourself-oriented homebuyer often asks. “Can’t real estate agents see me through?” Well, they can in most states. That doesn’t necessarily mean that they should. Although using an attorney can cost thousands of dollars, it is often money well spent. Read on to find out how a real
The Hyliion Hypertruck ERX Source: Hyliion Inc. Special purpose acquisition company Tortoise Acquisition Corp. and electric truck company Hylioon will vote on their merger on September 28, meaning there will likely soon be another EV player on the market, according to a recent filing with the Securities and Exchange Commission. The companies announced their intention to
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett JPMorgan Chase thinks it’s found the next hot market for investors: Taking stakes
The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a
An antenna for a satellite ground station Amazon Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month The effort shows how the two largest providers of cloud infrastructure — data centers in
CNBC’s Jim Cramer on Thursday praised the appointment of Jane Fraser as the next chief executive office of Citigroup, making her the first woman to lead a U.S. megabank. “The glass ceiling in banking maybe is finally cracking,” Cramer said on “Squawk on the Street.” Citi is the third-largest U.S. bank by assets. Fraser is set to
Discrimination against home renters and buyers by landlords, sellers, and lenders on account of race, color, religion, and nationality was outlawed in the United States by the Fair Housing Act of 1968. Yet bias remains stubbornly difficult to prove and to eradicate, housing experts and civil rights attorneys say. In 1974, the federal government expanded
A person wears a protective face mask while carrying grocery bags outside Trader Joe’s on August 11, 2020 in New York City. Noam Galai | Getty Images Goldman Sachs economists said they see third quarter GDP growth tracking at 35%, driven in large part by the surprising strength of consumer spending. Goldman said its tracking
It is sometimes difficult to turn on the television these days without seeing a commercial for reverse mortgages. They feature older celebrities who extol the benefits of a guaranteed tax-free income for those homeowners aged 62 and older. What they don’t tell you is that reverse mortgages can also be dangerous and can put your
Investors who have cash might want to consider putting some to work after a recent pullback in the stock market, CNBC’s Jim Cramer advised Wednesday. “If you haven’t bought anything, maybe you dip your toe in,” Cramer said on “Squawk on the Street,” while noting he has for weeks been advising people to sell and lock-in