Citigroup is downsizing 3,500 tech positions in China by 2025 to save $2.5B. This follows their plans to eliminate 20,000 jobs and establish new companies there.
Microsoft stock is near its all-time high but may face short-term pullback on headline news and lower summer volume; investors should embrace that opportunity
The bank also stated that it would clearly outline in its Employee Code of Conduct and customer-facing documents that it does not discriminate based on political affiliation.
Once again, Amazon is gaining momentum. As we head into June, analysts are bullish, fundamentals are solid, and the chart setup looks like more upside is ahead.
Spotify stock hits all-time high on Tuesday. Goldman Sachs forecasts global music revenues to nearly double by 2035, driven by emerging markets and monetization innovations.
According to TheFly, Wells Fargo analyst Mike Mayo stated that Citi is on the cusp of transitioning from value destruction to value creation, noting that the stock should rise above its tangible book value.
Discount retailer Dollar General shows signs of an operational turnaround, with strategic initiatives and positive analyst sentiment pointing toward growth.
The regulation known as the Supplementary Leverage Ratio garnered further attention following a selloff of U.S. debt in April following Trump’s “Liberation Day” tariffs.
