For years, President Trump's money was getting shunned by all the major banks in the US. Now his wealth has found a new home city. Bloomberg sources reveal that President Trump's son Eric established a trust at the bank that holds some of the president's money.For more, we're joined now by Bloomberg banking reporter Todd Gillespie. Todd, first of all, fantastic story, but what exactly is the arrangement that Eric has found with Citibank. Yeah, thanks, Danny.I mean, so what we do know is that since the elect ...

Core Viewpoint - Citi projects modest but meaningful momentum for cryptocurrencies, specifically bitcoin and ether, heading into the new year, with price targets set for year-end 2025 and beyond [1][2]. Price Projections - For year-end 2025, Citi expects bitcoin to be priced at $133,000, slightly down from a previous forecast of $135,000, while ether is projected to rise to $4,500 from $4,300 [1]. - Bitcoin could potentially reach as high as $156,000 if equity markets rally, or drop to $83,000 under recessionary conditions. Ether's bullish case stands at $6,100, with a significantly lower bear case [2]. 12-Month Outlook - Looking ahead 12 months, Citi sets a target of $181,000 for bitcoin, driven by sustained inflows, particularly through exchange-traded funds (ETFs). Ether is expected to reach $5,400 in the same timeframe [3]. - Bitcoin is viewed as better positioned to capture new inflows due to its scale and "digital gold" narrative, while ether may benefit from staking and DeFi-linked yields [3]. Regulatory Environment - Favorable regulation, especially in the U.S., is anticipated to act as a tailwind for the cryptocurrency market, although macro risks such as recessionary pressures could pose challenges to the bullish outlook [3].

Eric Trump, U.S President Donald Trump's son, has signed up as a client of Citigroup and established a trust that holds some of his father's money, Bloomberg News reported on Thursday, citing people w... ...

长期停摆前夕，美股跌、美债涨 花旗的研究通过复盘历史上的10次政府停摆事件发现， 停摆时间的长短是决定资产表现的关键。 报告将持续时间少于五天的归为"短期事件"（6次），超过五天的归为"长期事件"（4次）。 美国联邦政府时隔近七年再度"停摆"，金融市场迎接新的不确定性。 据知名预测市场Polymarket的数据，近70%的用户认为政府关门结束的时点最早也要到10月10日，更是有41%的用户认为至少持续到10月下旬。 据追风交易台消息，花旗分析师Vinh Vo及其团队在其最新研报中指出， 停摆时间的长短是决定资产表现的关键，而市场目前对此次停摆的定价可能过于乐 观， 忽视了长期僵局可能带来的显著冲击。 历史数据显示， 长期停摆将引发股票与债券走势的明显分化，并推升市场波动性，在此类情景下，黄金和白银等贵金属是比美元更可靠的避险工具。 报告还指出，此次停摆的一个新变量是，特朗普政府已指示各机构考虑永久性裁员，这可能比以往仅让政府雇员休假并事后补发薪水的做法带来更具破坏性的 经济影响，尽管具体细节尚不明确。 尽管政府停摆带来了种种不确定性，但花旗认为，这一事件不太可能逆转当前美股和美债的整体势头。报告称， 围绕人工 ...

Core Insights - Citigroup's long position in the H-shares of Dongfang Electric Corporation has decreased from 5.18% to 4.63% as of September 25 [1] Company Summary - Citigroup's stake reduction indicates a shift in investment strategy or market sentiment towards Dongfang Electric Corporation [1]

By Rashika Singh (Reuters) -Citigroup raised its year-end outlook for ether and slightly trimmed its view on bitcoin, citing shifting investor flows and macroeconomic crosscurrents. Investors are increasingly favouring the yield-generating ether over bitcoin, the world's largest cryptocurrency, which relies solely on price appreciation. The Wall Street brokerage's target of $133,000 for bitcoin implies a roughly 12% upside from its trading level of $118,747.48, as of 0530 GMT. For ether, the target is $ ...

Group 1 - Citigroup has increased its year-end price target for ether to $4,500 from $4,300 [1] - The revision is attributed to strong inflows from ETFs and digital asset treasuries [1]

Exclusive: A slice of Donald Trump's wealth is being held in a new Citigroup trust after years of being shunned by major banks https://t.co/FvyhVSXUQl ...

After years getting shunned by major banks, Donald Trump’s money has found another place to call home: Citigroup https://t.co/dQsksiKSM1 ...

Group 1 - International precious metals futures generally rose, with COMEX gold futures up 0.5% at $3892.6 per ounce, and intraday prices breaking above $3900 per ounce, setting a new record high [1] - Analysts attribute the rise in gold prices to ongoing risks of a U.S. government shutdown, increased market risk aversion, and strengthened expectations for Federal Reserve interest rate cuts, leading to continued inflows into the precious metals market [1][3] Group 2 - In September, international gold prices increased by nearly 11.8%, with a quarterly rise of approximately 16.8%, and a year-to-date increase of nearly 47% [3] - Goldman Sachs maintains a mid-2026 target price of $4000 per ounce for gold, suggesting a possibility for prices to exceed $4500 per ounce, and indicates that if 1% of individual U.S. Treasury bond holders shift their investments to gold, prices could approach $5000 per ounce [3] - UBS reports that factors such as a weakening dollar, central bank gold purchases, and increased ETF investments are favorable for gold prices as a hedge against inflation and geopolitical risks, predicting a rise to $4200 per ounce by mid-2026 [3] - Citigroup anticipates potential supply tightness in platinum group metals due to U.S. government policy impacts [3]