News

Friday's report is the first major update since Citigroup announced a new corporate structure in September.

The head of the larges U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend.

Wells Fargo on Friday surpassed Wall Street expectations in third-quarter earnings and revenue as the benefit from higher interest rates offset declining loan balances.

Ehang shares have nearly doubled in price this year, before trading was temporarily halted Monday pending a significant announcement.

Britain's top competition watchdog gave the green light to Microsoft's proposed $69 billion takeover of gaming firm Activision Blizzard Friday.

JPMorgan will be watched closely for clues on how the industry fared amid surging interest rates and rising loan losses.

China's trade slumped this year amid lackluster global demand for Chinese good and muted domestic demand.

Higher rates are expected to lead to a jump in losses on banks' bond portfolios and contribute to funding pressures.

Bank stocks remain under pressure due to high-interest rates, as financial firms like Club holdings Wells Fargo and Morgan Stanley kick off earnings season.

Billionaire investor Leon Cooperman remains a bear with little interest in the broader stock market, which he says underestimates the risk of a fiscal crisis.

CNBC's Joumanna Bercetche is moderating a panel at the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco.

The consumer price index, a key inflation gauge, rose 3.7% in September, unchanged from August, the U.S. Bureau of Labor Statistics said Thursday.