GO
Loading...

Citigroup Inc

More

  • Euro Shares End Lower as Bears Control Wednesday, 16 Jan 2008 | 11:56 AM ET

    European shares ended firmly lower Wednesday after a volatile trading day as fears of a prolonged slowdown in the U.S. brought sellers into the market.

  • Intel's Drop Will Drag S&P Down With It Wednesday, 16 Jan 2008 | 9:38 AM ET

    With the Intel disappointment, S&P futures are trading below August lows and we are now certain to see the S&P 500 -- but not the Dow -- trade at 52-week lows.

  • Singapore's GIC says Citi, UBS Investments Unique Wednesday, 16 Jan 2008 | 5:28 AM ET

    Singapore's biggest sovereign wealth fund said on Wednesday its large investments in banks Citigroup and UBS are unique at a time of financial turmoil and did not represent a strategy shift.

  • Asian Markets Sink on US Recession Fears Wednesday, 16 Jan 2008 | 5:07 AM ET

    Asian markets took a severe beating Wednesday on growing concern the U.S. economy would slump into a prolonged recession. Hong Kong's Hang Seng ended 5.4 percent lower and Japan's Nikkei index plunged over 3 percent. Even the best performing of the benchmark indexes, the Bombay Sensex, suffered a loss of 1.8 percent.

  • Is Opportunity Calling? Tuesday, 15 Jan 2008 | 8:28 PM ET

    AT&T’s down big, but for all the wrong reasons. Here’s a chance to get a great stock cheap.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • IDEXX for Defense Tuesday, 15 Jan 2008 | 8:24 PM ET

    Pet diagnostics are a step above humans in the investment food chain. And they might be a better play in this environment. Cramer explains why. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Stocks Plunge 2% On Citi Earnings Tuesday, 15 Jan 2008 | 7:03 PM ET

    Stocks fell sharply on a growing conviction that the U.S. is headed toward recession. We’ve got the word on the Street including thoughts from Carl Icahn and Gov. Eliot Spitzer.

  • Market Insider Look Ahead To Wednesday Tuesday, 15 Jan 2008 | 5:00 PM ET

    Here is just a quick look at what you can expect in Wednesday's markets. Consumer inflation data and earnings news will help set the tone after Tuesday's rocky market. Before the bell earnings are expected from J.P. Morgan and Wells Fargo.

  • Cramer on Citi Tuesday, 15 Jan 2008 | 4:03 PM ET

    The new CEO's made some moves, but not enough.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Consumer Spending: Now Down To Just A "Trot?" Tuesday, 15 Jan 2008 | 3:55 PM ET

    Anecdotal evidence that the U.S. consumer's marathon spending spree may be slowing to a trot increases daily. By some measures, the U.S. consumer makes up about 19 percent of the world economy and 70 percent of the U.S. economy, so the health of American consumption is key.

  • Stocks Slammed by Retail, Bank Woes Tuesday, 15 Jan 2008 | 3:07 PM ET

    Disappointing holiday shopping numbers and Citigroup's first-ever quarterly loss tore through the stock market Tuesday, sending shares of retail and banking stocks well lower while all 30 Dow components traded to the negative side.

  • Bank of America to Cut 650 Jobs, Sell Brokerage Tuesday, 15 Jan 2008 | 2:47 PM ET
    A Bank of America branch.

    Bank of America said on Tuesday it would eliminate 650 corporate and investment banking jobs and sell its equity prime brokerage business, as the second-largest U.S. bank retrenches in the face of difficult credit market conditions.

  • A Guide to Speed-Dating with Sovereign Funds Tuesday, 15 Jan 2008 | 2:37 PM ET

    Citigroup and Merrill Lynch announced a collective $19.1 billion worth of new investments, with a significant chunk of this money coming from sovereign wealth funds.

  • Citi "Proves" Financial Bottom Is Not Here Yet Tuesday, 15 Jan 2008 | 11:38 AM ET

    Major indices are again at important technical levels. The small-cap Russell 2000 is again at 52-week low; and if we close here the Dow Industrials and the S&P 500 will both be at 10-month lows. The problem is principally with Citi and the realization that the bottom is not in. The equation here is simple: no "kitchen sink" quarter + consumer deteriorating = stock dead in water.

  • Dollar Drops to 2-1/2 Year Low vs. Yen Tuesday, 15 Jan 2008 | 11:35 AM ET

    The dollar Tuesday fell to its lowest against the yen since June 2005 and extended declines against the euro after U.S. retail sales data provided further evidence an economic slowdown was spreading to the consumer.

  • Credit Crisis: All In Our Heads Or All Too Real? Tuesday, 15 Jan 2008 | 11:24 AM ET

    Citigroup’s $18.1 billion-dollar writedown has to make you wonder what’s real and what’s fear. What am I talking about? Okay, all these write downs that we’ve been hearing about over the last few quarters are all about the performance of subprime mortgages, or are they?

  • Citigroup Cuts Dividend, Writes Down $18.1 Billion Tuesday, 15 Jan 2008 | 9:28 AM ET
    Citigroup

    Citigroup reported a quarterly loss that was nearly double expectations due to a huge writedown for subprime mortgages.

  • Retail Numbers (Disappointing) And Citi (They Blew It) Tuesday, 15 Jan 2008 | 9:02 AM ET

    Retail sales a clear disappointment, dropped futures even more, only good news is Fed has even more room to ease here. Citigroup reported a fourth quarter loss of $1.99, $1.03 expected. Losses were driven by write-downs (of $17.4 billion) and losses in subprime, and an increase in credit costs of $5.4 billion in the consumer loan portfolio (more signs that the consumer is slowing down).

  • Merrill Gets $6.6 Billion From Three Foreign Funds Tuesday, 15 Jan 2008 | 7:21 AM ET

    Merrill Lynch said Tuesday that it is getting a cash infusion of $6.6 billion from three foreign investment funds.

  • Senate Subpoenas Four Wall Street Firms: WSJ Tuesday, 15 Jan 2008 | 12:58 AM ET

    Four Wall Street firms have received subpoenas from US Senate investigators who are examining whether the firms improperly structured transactions to help hedge funds avoid dividend taxes, The Wall Street Journal reported on its website.