Citigroup CEO Jane Fraser is setting the bar for her bank to improve its lagging performance – modestly so.
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Here’s how Chinese media is covering Ukraine
In China, tightly controlled coverage of Russia’s invasion of Ukraine has focused heavily on negotiations.
Salesforce reports better-than-expected earnings and revenue, issues upbeat guidance
Salesforce beat on the top and bottom lines in its fiscal fourth-quarter earnings report.
Nordstrom stock spikes 35% as retailer makes key strides in its off-price Rack business, issues strong guidance
Nordstrom reported better-than-expected profits and sales for the holiday quarter, prompting the retailer to offer an optimistic outlook for the coming year.
First Solar shares sink after revenue miss, disappointing guidance
The solar-panel manufacturer has faced rising raw material costs and supply chain bottlenecks.
GoodRx shares plunge 39% after revenue miss, weak forecast
Discount drug prescription site GoodRx plunged 39% after the company missed estimates on revenue and gave a weak forecast.
US MBA mortgage applications w.e. 25 February -0.7% vs -13.1% prior
Prior -13.1%Market index vs 466.4 priorPurchase index vs 250.7 priorRefinancing index vs 1,677.7 prior30-year mortgage rate vs 4.06% prior
EU reportedly excludes seven Russian banks from SWIFT
But first thing’s first, the exclusion does not cover Sberbank and Gazprombank – both of which are main channels for payments for Russian oil and gas, in which EU countries are still buying despite the ongoing conflict.The seven banks in question instead are Russia’s second largest bank, VTB, alongs
ECB’s de Guindos: Russian invasion of Ukraine will have impact on Eurozone inflation
Eurozone inflation in February has been a negative surprise
Russian invasion of Ukraine will have implications, ECB ye to fully assess them
The most significant risks are energy shocks
Russian invasion of Ukraine will have implications, ECB ye to fully assess them
The most significant risks are energy shocks
Just look at oil and energy prices today and you’ll get the gist. It’s going to be a painful pill to
OPEC+ JMMC meeting said to likely be a short one
The bloc is largely expected to stick with the existing plan for a 400k bpd oil output increase in April, so they will likely recommend that and move on to the ministerial meeting right after. The JMMC meeting was scheduled for 1130 GMT earlier but has been pushed to 1200 GMT now.