About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Citigroup Inc. (C) has reportedly implemented a new round of job cuts in its U.S. investment bank business as part of its planned restructuring efforts. Particularly, per filings with the New York State Department of Labor dated Apr 1, the company will lay off 430 people.Bankers in the technology, media and telecom space are likely to be affected.Last week, the bank announced the completion of major actions to simplify its operating structure and improve performance, which were initially announced in Septem ...

Dividend investing is often hailed as an excellent way to grow wealth, and who better to prove its worth than Warren Buffett, the esteemed investor and chairman of Berkshire Hathaway (NYSE: BRK.A). He recently pocketed nearly $200 million solely from dividends from a single stock.To elaborate, on April 1, Coca-Cola (NYSE: KO) distributed its quarterly dividend of $0.485 per share. With Berkshire Hathaway holding 400 million shares, its total dividend payout amounted to a staggering $194 million in just one ...

Monday, April 1st, 2024We enter a new trading day, month and quarter with plenty of events ahead of us. For one thing, we’re in a new Jobs week, where JOLTS (and Job Quits) numbers on Tuesday join Wednesday’s ADP private-sector jobs report, followed by Weekly Jobless Claims on Thursday and non-farm payrolls from the U.S. Bureau of Labor Statistics (BLS) on Friday morning. Better-than-expected employment news has helped backstop both markets and the economy at a time many had predicted both would have begun ...

The first quarter of 2024 was the banner one for the S&P 500 Index. It rallied more than 10% during the period, thus marking the best first-quarter performance in five years.This also reflected that the momentum that started in November 2023 has continued this year as well. The primary drivers for the steady uptrend in the index are the clarity on the path of interest rates and robust economic growth, along with persistently cooling inflation numbers. Thus, almost all the sectors within the S&P 500 Index ra ...

Olena_T Approaching 2024, I have assigned Citigroup (NYSE:C) a "Strong Buy" rating, arguing that the bank's stock is on the brink of appreciable valuation growth due to several key factors: The bank has lately been making good progress in restructuring its operations, setting up for an expanding cost-to-income ratio going into 2024 and beyond. Moreover, conviction on rate cuts is building confidence on an improving credit environment, with both supportive loan growth and manageable write-downs on the bank's ...

Dividend Monsters That Warren Buffett Loves Justin Sullivan / Getty Images If any investor has stood the test of time, it is Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock-star-like presence in the investing world. His annual Berkshire Hathaway shareholders meeting draws thousands of loyal fans who are investors. Known for his long buy-and-hold strategies, and his massive portfolio of public and private holdings, he remains one of the preeminent investors in the enti ...

In the latest market close, Citigroup (C) reached $61.33, with a +2% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.32%. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.2%.Heading into today, shares of the U.S. bank had gained 8.68% over the past month, outpacing the Finance sector's gain of 4.23% and the S&P 500's gain of 5.11% in that time.Market participants will be closely following the financial results of ...

The market has rallied impressively over the past several months, with the S&P 500 index reaching all-time highs that confirm a new bull market is underway in stocks. With this recent rally, some stock valuations may be stretched, making it harder to find deals. Good news for you: There are still plenty of deals to be had in the market today.Bank stocks have been slow to recover amid the high interest rate environment, which has been a headwind to businesses. However, there are at least three bank stocks th ...

Citi Ventures has become a strategic investor in Tuum in an extension to the Series B funding round Tuum announced in February.Together with its investment, Citi Ventures will introduce Tuum to key stakeholders within Citi, the bank, to explore commercialization opportunities, Tuum said in a Thursday (March 14) press release.“This investment from one of the largest banking groups in the world, with market-leading positions globally in corporate, private and retail banking, represents a major milestone as we ...