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Citigroup Fined $79 Million After UK Trader Makes $444 Billion 'Fat Finger' Error

Citigroup to Close Down Global Distressed-Debt Business: Here's What to Know

Citigroup Inc. is reportedly closing its global distressed-debt group as it undergoes further restructuring under CEO Jane Fraser's leadership.


Sam Altman Receives $75 Million From the University of Michigan for New Venture Capital Fund: Report

OpenAI CEO Sam Altman has reportedly secured a $75 million investment for his venture capital firm, Hydrazine Capital, from the University of Michigan.

China Interfered in 2022 US Midterm Elections Because It Believed Joe Biden Wouldn't Retaliate, Intel Report Says

A newly declassified US intelligence report revealed that China escalated its interference efforts in the 2022 US midterm elections because Beijing believed that President Joe Biden's administration would not retaliate.

Hungary Central Bank Makes Another Rate Cut as Inflation Drops

The central bank of Hungary is expected to press ahead with monetary easing in 2024 due to the sharp drop in inflation last month.


Latest News

Affirm Expands Partnership With Walmart for 'Buy Now, Pay Later' Self-Checkout Feature
Financial tech company Affirm has announced its expansion of services with Walmart to bring the company's flexible pay-over-time options to self-checkout kiosks in over 4,500 of the retailer's US stores.
Sundeep V. Ravande, CEO of Innovapptive Inc.
More and more, the key to success in industrial facilities or process plants often lies in mastering the art of digital transformation. In the realm of maintenance operations, this transformation comes in the form of work order digitization. Traditional, manual work order processes are fraught with challenges that can hinder efficiency and productivity. In this blog, we will delve into the pain points associated with legacy work order processes and explore how transitioning to a digital system using mobile devices can deliver a host of benefits.
gray and blue Open signage
Even in difficult times, retailers can still aim for calculated growth. These are the threats you need to be aware of and the potential opportunities that await.
Warren Buffett-Led Firm Berkshire Hathaway's Bribery Allegations Against a Truck-Stop Billionaire Can't Be Used in Court: Judge
The Warren Buffett-led conglomerate Berkshire Hathaway has been denied in using the allegations that billionaire Jimmy Haslam tried to bribe Pilot truck stop chain's employees to inflate the company's value, a Delaware judge ruled.
Ukraine Forced to Cut Military Operations as Foreign Aid Runs Out
As foreign aid starts to dry up, a top Ukrainian commander said Ukraine had to downsize its military operations in the war with Russia.
Oil Giant BP Pauses All Tanker Transits Through Red Sea Due to Houthi Attack Fears
Oil giant British Petroleum (BP) has temporarily halted all its tanker transits via the Red Sea after attacks on ships by Iranian-backed Houthi militants based in Yemen escalated.
Southwest Airlines Hit With $140 Million Fine for 2022 Holiday Meltdown That Stranded Millions
The US Department of Transportation (DOT) has imposed a $140 million civil penalty against Southwest Airlines for numerous violations of consumer protection laws during the December 2022 holiday meltdown.
Goldman Sachs Says 'The Great Disinflation' Is Under Way, Setting the Stage for 5 Eventual Fed Rate Cuts
The chief economist of Goldman Sachs is anticipating the end of the pandemic-era inflation soon, as the world economy has now entered a period of "The Great Disinflation."
5 Easy Ways to Save Money on Holiday Travel
Here's how you can enjoy your holiday travel without worrying too much about your spending! The excitement of traveling and festive gatherings during the holiday season is coupled with the looming concern of overspending and financial strain.
Japan's Nippon Steel to Buy US Steel in a Deal Valued at $14.9 Billion
Japan's Nippon Steel has secured a deal to buy US Steel for $14.9 billion. Japan's Nippon Steel has secured a deal to buy US Steel for $14. 9 billion.