Digital | Jan 8, 2020 After partnering with different fintechs and announcing plans to hire 2,500 coders, Citi's technology investments are paying huge dividends. Need to Know Citi’s banking group expects to save $600 million this year through various advances in technology and automation. To facilitate the changes, Citi is adding 2,500 coders and data
U.S. stocks hit record highs on Thursday as Middle East tensions eased, optimism about a U.S.-China trade deal rose and several brokerages boosted price targets on high-profile companies.
Two years ago, investor William Ackman, who pushes corporations to perform better, took his own advice and laid out a plan for a comeback after years of losses.
Oil prices retreated further on Thursday after sharp losses in the previous session, as the market shifted its focused towards rising U.S. crude stocks and away from fears of an imminent escalation of conflict between the United States and Iran.
Pipeline operator Kinder Morgan Inc said on Thursday it sold the 25 million shares in Canada's Pembina Pipeline Corp that it received when Pembina bought Kinder Morgan Canada for $764 million.
For older Americans who are retiring but want to delay taking Social Security to let their benefits grow as much as possible, a specific type of annuity might help bridge the gap.
"Later on in the year we'll re-open those sales" to fly to space, Virgin Galactic CEO Whitesides told CNBC.
Carlos Ghosn's daring escape from Japan to Lebanon may have cast light on his wealth and influence, but in Beirut the ex-Nissan boss can only get a few hundred dollars a week from the bank because of the country's deep financial crisis.
Airbus will increase production of A320-family jets at its Mobile, Alabama, plant to seven a month by the beginning of 2021, adding 275 jobs, the European planemaker said on Thursday.
Oil prices retreated further on Thursday after sharp losses in the previous session, as the market shifted its focused toward rising U.S. crude stocks and away from fears of an imminent escalation of conflict between the United States and Iran.
"They're just trying to stay in the game," CNBC's Jim Cramer.
IKEA's shopping center business is spending 170 million pounds ($222 million) to buy and upgrade a London mall in its first foray into Britain, betting it can win over a nation increasingly doing its shopping online.
U.S. President Donald Trump on Thursday said his administration will start negotiating the Phase 2 U.S.-China trade agreement soon but that he might wait to complete any agreement until after November's U.S. presidential election.
U.S. stocks hit record highs on Thursday as Middle East tensions eased, optimism about a U.S.-China trade deal firmed and several brokerages boosted price targets on high-profile companies.
Tariffs imposed by President Donald Trump to restructure the United States's top trade relationships have cost American companies $46 billion since February 2018, and U.S. exports of goods hit by retaliatory tariffs have fallen sharply, according to an analysis of Commerce Department data.