News

Citigroup CEO Jane Fraser announced one of the largest moves to cut headcount at a major U.S. bank in recent years.

Prices have declined over the past year in consumer categories like physical goods, groceries and energy, according to the consumer price index.

"It's going to be a 'think-and-do tank.' It's going to be an activist," Ackman said in an interview with CNBC's Andrew Ross Sorkin on "Squawk Box."

Bank of America's net income fell to $3.1 billion in the fourth quarter, from $7.1 billion a year ago.

Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago.

BlackRock, the world's biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash and stock.

Citigroup CEO Jane Fraser announced plans for a sweeping corporate reorganization in September after previous efforts failed to boost the bank's share price.

Chinese augmented reality glasses company Rokid announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city.

JPMorgan will be watched closely for clues on how banks fared amid volatile interest rates and rising loan losses.

China's exports beat expectations in December, but failed to offset an overall decline for 2023, customs data showed Friday.

The consumer price index rose by 3.4% in December 2023, on an annual basis. That's up from November, but there are reasons for optimism, economists said.

The SEC approved the first-ever spot bitcoin ETFs on Wednesday, paving the way to begin trade. Here's what you need to know.