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Citigroup Inc

Google DeepMind, Microsoft AI, Anthropic among elite guests

by Walter Watson
Google DeepMind, Microsoft AI, Anthropic among elite guests

Google DeepMind co-founder and Chief Executive Officer Demis Hassabis gives a conference during the Mobile World Congress (MWC), the telecom industry’s biggest annual gathering, in Barcelona on February 26, 2024. …

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UBS backs $37 million round for climate fintech startup Doconomy

by Edgar Davis
UBS backs  million round for climate fintech startup Doconomy

From left to right: Johan Pihl, Doconomy’s chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder. Doconomy Swedish climate-focused financial technology startup Doconomy told CNBC on …

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Biden’s White House is courting CEOs while bashing corporate greed

by Vera Ward
Biden’s White House is courting CEOs while bashing corporate greed

U.S. President Joe Biden departs the White House in Washington, U.S., for a campaign fundraiser in California, May 9, 2024.  Craig Hudson | Reuters President Joe Biden has had it …

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‘Big Short’ investor Michael Burry makes a physical gold fund his biggest bet

by Walter Watson
‘Big Short’ investor Michael Burry makes a physical gold fund his biggest bet

Michael Burry, known for calling the subprime mortgage crisis, piled into a physical gold trust in the first quarter, making it his biggest bet, according to a new regulatory filing. Burry, …

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PM Anwar says Malaysia will cut fuel subsidies ‘at the right time’, during Qatar Economic Forum

by Walter Watson
PM Anwar says Malaysia will cut fuel subsidies ‘at the right time’, during Qatar Economic Forum

Malaysian Prime Minister Anwar Ibrahim signalled that he sees no urgency in reducing fuel subsidies, a move that according to him would strain consumers and spur inflation – even though …

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Booming luxury travel and a jump in ‘relief’ loans

by Walter Watson
Booming luxury travel and a jump in ‘relief’ loans

At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there’s a strong interest in microloans as cash-strapped …

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Monzo boosts funding to $610 million to crack U.S., launch UK pensions

by Walter Watson
Monzo boosts funding to 0 million to crack U.S., launch UK pensions

British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 million. The company told CNBC it raised the …

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Citigroup CEO Jane Fraser says low-income consumers are more cautious

by Anas Siddiqui
Citigroup CEO Jane Fraser says low-income consumers are more cautious

Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans. Fraser, who leads one of the largest …

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Berkshire Hathaway’s big mystery stock wager could be revealed soon

by Anas Siddiqui
Berkshire Hathaway’s big mystery stock wager could be revealed soon

Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Berkshire Hathaway, led by legendary investor Warren Buffett, has been …

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Dividend stocks are poised to outperform, says Bank of America. Here are names on its list

by Ron Morgan
Dividend stocks are poised to outperform, says Bank of America. Here are names on its list

The U.S. economy is flashing a sign that’s favorable for dividend stocks, according to Bank of America. In March, the firm’s U.S. Regime Indicator — an economic metric — showed …

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