Citigroup to spin off its Mexico business after efforts to sell unit collapse
Citigroup announced Wednesday it plans to pursue an initial public offering of its Mexico business, Banamex, making formal a long-telegraphed spinoff.
Stocks making the biggest moves premarket: Moderna, Kohl’s, Intuit, Analog Devices & more
These are the stocks posting the largest moves in premarket trading.
Europe is producing more startup ‚mafias‘ than ever despite tech rout
The development mimics the trend of startup „mafias“ in the U.S., where companies like PayPal indirectly helped produce huge businesses like Tesla and Palantir.
European banks are stronger than their U.S. rivals, analysts say. Here’s why
Attendees of the Institute of International Finance conference in Brussels said European banks were in a strong position, but needed support to grow.
China’s new ambassador to the U.S. arrives to ’safeguard‘ Beijing’s interests
Xie Feng, China’s new ambassador to the U.S., arrived in New York Tuesday with a call to „safeguard the interests of China,“ according to a release.
Abercrombie & Fitch surges 18% after reporting surprise profit
Mall apparel retailer Abercrombie & Fitch surprised investors with a fiscal first quarter profit, sending shares surging.
Chinese Tesla rival shares dive 11% after it forecasts a plunge in car deliveries
Xpeng has been hurt by a tough macroeconomic situation in China as well as rising competition from Tesla, BYD and electric car startups.
Kohl’s shares spike as retailer reports a surprise profit
Kohl’s unexpectedly posted a profit and reaffirmed its full-year guidance.
Shares of Urban Outfitters spike after fiscal first-quarter earnings beat
Shares of Urban Outfitters spiked about 8% after the company reported fiscal first-quarter earnings that beat on the top and bottom lines.