Oil Heads for Weekly Gain as Traders Digest Trump Win, Fed Cut [Yahoo! Finance Canada]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Yahoo! Finance Canada
administration on crude supplies, and the Federal Reserve further cut US interest rates. Most Read from Bloomberg West Texas Intermediate slipped toward $72 a barrel, and is set for a weekly gain of about 4%. Brent crude closed below $76. Citigroup Inc. said a Trump presidency may be net bearish for crude prices on prospects for higher production, while Standard Chartered said US oil producers won't necessarily heed Trump's call for more drilling. Meanwhile, the Fed on Thursday lowered interest rates by a quarter percentage point, extending efforts to keep the US economic expansion on solid footing. Chair Jerome Powell said the US presidential election will have “no effects” on the central bank's policy decisions in the near term, noting it's too early to know the timing or substance of any potential fiscal policy changes. To get Bloomberg's Energy Daily newsletter into your inbox, click here. Most Read from Bloomberg Businessweek ©2024 Bloomberg L.P. Recommended Stories
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C
News
- Citi and Bank of Shanghai Launch First-of-Its-Kind Payments Solution for International Travelers in ChinaBusiness Wire
- Jim Cramer Says Citigroup Inc. (C) And Other Investment Banks ‘Might Be Able To Merge Again, Reward Investors With Much Higher Dividends, And Buyback Even More Stock' [Yahoo! Finance]Yahoo! Finance
- S. Africa Sells First Dollar Bond Since ‘22, Raises $3.5 Billion [Yahoo! Finance]Yahoo! Finance
- BofA Says US Equity Exposure Surges to 11-Year High After Vote [BNN Bloomberg (Canada)]BNN Bloomberg
- BofA Says US Equity Exposure Surges to 11-Year High After Vote [Yahoo! Finance]Yahoo! Finance
C
Earnings
- 10/16/24 - Beat
C
Sec Filings
- 11/12/24 - Form 424B2
- 11/12/24 - Form 424B2
- 11/12/24 - Form 424B2
- C's page on the SEC website