This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief: Citi will deploy agentic AI capabilities to employees as part of an update to its Citi Stylus Workspaces platform, according to a Monday announcement. The effort will start this month with a pilot group of 5,000 workers, the company said in an email. Citi Stylus Workspaces, first introduced in December 2024, is a proprietary platform that uses Google’s Gemini a ...

Group 1 - Gold prices reached new highs, with silver prices hitting their highest levels in over a decade, driven by expectations of a dovish Federal Reserve leadership and declining real interest rates [1] - Citi strategists predict a bullish trend for gold and silver, extending to copper and aluminum by 2026, influenced by economic conditions and stimulus measures from the Inflation Reduction Act [1][2] - The report highlights cyclical factors like a weak labor market and structural concerns such as U.S. debt and a weakening dollar as key drivers for precious metal price increases [1] Group 2 - The current conditions for a gold bull market are nearly all in place, with a target price of $3,800 per ounce in the next three months and a potential peak of $4,000 per ounce in the coming months [2] - For aluminum, the outlook is very bullish over the next 6 to 36 months, with any price pullbacks seen as strong long-term buying opportunities due to its connection with AI and energy demands [2] - Copper prices are expected to reach a baseline of $12,000 per ton in the next 6 to 12 months, with an optimistic scenario predicting $14,000 per ton, benefiting from structural energy transitions and AI trends [2] Group 3 - Citi revised its gold price forecast for Q1 2026 from $2,900 per ounce to $3,700 per ounce, while projecting a decline to $2,800 per ounce by Q4 2026, slightly above previous estimates [3]

The shorter of the two buildings that make up the Citigroup Centre in London’s Canary Wharf district is set to be overhauled as the bank prepares to reoccupy the adjoining skyscraper that bears its logo after a £1 billion ($1.4 billion) upgrade https://t.co/sCCUW1wngZ ...

Core Viewpoint - The recent increase in H-1B visa fees by the US government is expected to negatively impact India's services sector, reduce remittance inflows, and exert pressure on the Indian rupee [1][4]. Impact on Remittances - Highly skilled Indian migrants contribute significantly to remittances, with the US accounting for nearly 28% of these inflows, approximately $35 billion annually [2]. - A decline in H-1B visa holders from India could lead to a reduction in remittances, with a worst-case scenario estimating a decrease of about $400 million annually if Indian applications for H-1B visas fell to zero [3]. Effects on the IT Services Industry - The visa changes could disrupt India's $280 billion IT services industry, which relies on the H-1B program to deploy engineers to international clients, causing stocks of major outsourcing firms like Tata Consultancy Services and Infosys to drop over 3% [5][6]. - The IT sector is crucial for India's economy, contributing over 7% to GDP and employing nearly six million professionals globally [6]. Broader Economic Implications - The changes in visa policy may increase medium-term growth risks for the South Asian economy and pressure the Indian government to enhance domestic demand [7]. - While the intention behind the visa changes is to protect US jobs, they may inadvertently raise operational costs for American corporations, potentially leading to an expansion of global capability centers in India by companies like Microsoft, Google, and Morgan Stanley [8]. Balance of Payments and Trade Negotiations - The overall impact on India's Balance of Payments is expected to be modest in the near term, but concerns remain regarding trade negotiations and future pressures on offshoring [10].

The financial firm said it would run a 5,000 person pilot to find out how helpful the new "agentic†technology is to staff in areas like research and client profiling. ...

Core Viewpoint - Citigroup predicts a continued rally in gold and silver, with potential opportunities emerging in copper and aluminum by 2026, driven by economic factors and changes in U.S. monetary policy [1][4]. Group 1: Precious Metals Performance - Gold prices increased by $44.40, or 1.2%, reaching $3,750 per ounce, aiming for a new closing high, potentially its 36th this year [2]. - Silver rose over 2% to $43.86 per ounce, with an intraday peak of $44.10, the highest level since August 2011, as investors anticipate a new settlement high [3]. Group 2: Future Outlook for Metals - The bull market for gold and silver is expected to broaden into copper and aluminum by 2026, influenced by anticipated dovish Federal Reserve leadership and lower U.S. real interest rates [4]. - Factors driving this trend include a weak labor market, tariff-related growth concerns, U.S. debt worries, and a weakening dollar [5]. Group 3: Investment Strategies - Citigroup suggests buying dips in gold, targeting $3,800 per ounce in the next three months, with a peak expected in the first quarter of the following year [6]. - The bullish scenario for gold could see prices reaching $4,000 amid stagflation and Fed independence concerns, while a bearish scenario could see prices drop to $3,400 [6]. - For aluminum, the strategists express strong bullish sentiment over the next six to 36 months, indicating that any price dips should be viewed as long-term buying opportunities [7].

Core Viewpoint - Analysts from Citigroup suggest that the gold bull market may continue in the short term due to both cyclical factors, such as the ongoing weakness in the U.S. labor market, and structural factors, such as concerns over the independence of the Federal Reserve [1] Group 1 - Cyclical factors, including a persistently weak U.S. labor market, are expected to continue supporting gold prices in the short term [1] - Structural factors, particularly concerns regarding the independence of the Federal Reserve, are also anticipated to favor gold [1] - Citigroup's target price for gold over the next three months is set at $3,800 per ounce [1]

Core Insights - BitGo has submitted an S-1 registration to the SEC, marking a significant step towards an IPO and potential listing on the NYSE under the ticker symbol BTGO [1][2] - The filing reflects growing confidence in the cryptocurrency sector, aided by favorable economic conditions such as recent Federal Reserve interest rate cuts [2] Company Overview - Founded in 2013, BitGo is a leading independent custodian in the digital asset space, specializing in secure storage and institutional services [2][3] - The company offers a range of services including multi-signature wallets, cold storage, and compliance tools, establishing a strong reputation through partnerships and innovations [3] Financial Performance - In 2024, BitGo reported revenues of $4.19 billion, a nearly fourfold increase from $1.12 billion in 2023, driven by institutional interest in cryptocurrencies [4] - The company achieved a net income of $156.5 million in 2024, a significant recovery from a loss of $2.1 million in 2023 [5] - By mid-2025, assets under custody reached $90.3 billion, up from $60 billion at the beginning of the year, with a client base of 4,621 and total users of 1.04 million [5] IPO Strategy - BitGo's IPO will feature a dual-class share structure, allowing insiders to maintain control post-listing, classifying the company as a "controlled entity" [6] - Proceeds from the IPO are intended for technology enhancements, strategic acquisitions, employee incentives, and improving liquidity [6] Market Context - The IPO is underwritten by major banks including Goldman Sachs and Citigroup, indicating Wall Street's increasing support for blockchain ventures [7] - BitGo's filing follows a confidential S-1 submitted in July 2025, coinciding with assets surpassing $100 billion [7] Regulatory and Competitive Landscape - BitGo has enhanced its compliance efforts, securing a license from Germany's BaFin to operate under the EU's MiCA regulation [7] - The company has a $250 million insurance policy and SOC 1/2 audit certifications, addressing investor concerns regarding security and regulatory issues [8] Industry Implications - The IPO is seen as a strategic move amid a pro-crypto environment, with other companies like Bullish and Circle also going public [9] - Public status is expected to provide BitGo with greater transparency, access to capital, and the ability to attract talent, essential for competing in a rapidly growing market [10] Future Outlook - The IPO aims to enhance BitGo's visibility and flexibility, reflecting a broader industry shift from survival to expansion [11] - BitGo's focus on qualified custodianship positions it well for future growth, although regulatory challenges and market volatility remain potential hurdles [10]

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com 格隆汇9月22日｜花旗研究的分析师罗希特·加格说，过去几周，美元兑印度卢比的汇率大致在88左右， 但卢比走弱的风险显著加大，未来几个月可能会逼近90。过去几个月，印度一直面临严峻的外部环境。 加格在一份报告中说，首先，美国将对印度的关税提高到50%，最近，又对H-1B签证申请征收10万美 元的签证费。花旗经济学家估计，美印贸易总额约为2500亿美元，其中包括商品和软件服务出口以及汇 款流入。加格补充说："当前具有挑战性的背景可能会影响贸易额，从而可能会对经常账户和印度卢比 造成压力。" ...

Core Insights - Gary Stevenson, a former trader at Citigroup, shares his journey from a struggling youth in East London to becoming one of the top traders in the world, ultimately leaving the finance industry to pursue a deeper understanding of economic inequality and systemic issues [1][3][40]. Group 1: Early Life and Career - Gary Stevenson grew up in a challenging environment, selling candy at school and engaging in small trades, which laid the foundation for his future in finance [3][5]. - He joined Citigroup in 2008 as the youngest trader in London, quickly rising to manage trades worth hundreds of billions [3][11]. - Despite his success, he struggled with insomnia and the pressures of the trading environment, leading him to write a book titled "The Trading Game" [3][11]. Group 2: Trading Success and Strategies - Stevenson won a trading competition at Citigroup, which led to an internship, showcasing his ability to manipulate market sentiment [7][9]. - During the 2008 financial crisis, he capitalized on the popularity of foreign exchange swaps, earning significant profits for Citigroup [11][13]. - By the end of 2009, he became the first trader to earn $12 million in his first year, driven by favorable market conditions and a unique trading strategy [15][17]. Group 3: Market Insights and Economic Understanding - Stevenson recognized that successful trading relies on being right when others are wrong, emphasizing the importance of understanding market psychology [18][21]. - He observed that the economic models used by many traders were disconnected from reality, leading to widespread misjudgments in the market [23][24]. - His insights into economic inequality and systemic issues led him to bet against the prevailing market consensus, resulting in substantial profits during crises [26][29]. Group 4: Departure from Citigroup and New Ventures - After years of success, Stevenson faced mental health challenges and dissatisfaction with the trading environment, prompting his decision to leave Citigroup [31][34]. - Following his departure, he pursued a master's degree in economics at Oxford, focusing on the structural issues he encountered in finance [40]. - He established a YouTube channel and wrote articles to raise awareness about economic mechanisms and advocate for systemic change [40][43].