Citigroup has embarked on a major restructuring process, affecting numerous employees at the start of Thanksgiving week. The bank, following months of planning, is set to implement a series of job cuts as part of what it is calling “a strategic realignment.” This realignment involves reshuffling teams, dismantling an international...
Morgan Stanley named Jed Finn head of the company’s $4.8 trillion wealth management business, giving him oversight of the biggest revenue generator at the firm. The move is part of co-president Andy Saperstein’s revamp of his leadership team for the investment bank’s money management Learn more about reprints and licensing...
COVID-19 home test kits are pictured in a store window during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 19, 2022.Carlo Allegri | ReutersThe Biden administration on Monday said it is offering another round of free at-home Covid tests to...
As the world continues to be influenced by the digitization process, the demand for fintech services keeps growing. The outlook for this sector is highly optimistic, with reports predicting that it will reach $1.5 trillion by the end of the decade. However, as more and more players seek to establish...
Stablepoint Partners has made its debut as an independent investment advisory firm operating out of Braintree, Massachusetts, that aims to provide bespoke planning and comprehensive investment solutions for its clients. The leadership of Stablepoint is spearheaded by co-founders Christopher Griffith and Henry Wheelwright. These industry veterans were recognized as Best-In-State...
Customers wait for their takeout food outside a McDonald's restaurant during the May Day holiday on May 1, 2022 in Beijing, China.VCG | Getty ImagesMcDonald's is buying Carlyle's stake in its China business, increasing its minority share from 20% to 48% ownership.The fast-food giant sold off control of its...
“…the SPX closed above its 80-day moving average that was supportive in August, as well as trendline resistance since the July peak, giving...