Citi’s Diversified Business Model Shines Amid Challenging Macroeconomic Conditions

Citi’s Diversified Business Model Shines Amid Challenging Macroeconomic Conditions

“Amid challenging macroeconomic conditions, we have continued to reap the benefits of our diversified business model,” said the bank’s chief executive, Jane Fraser, in a statement. Although trading clients did not participate, credit card activity increased by more than 10% thanks to strong demand. “Citi” monitors the return of life to the private financing markets … Read more

Tech Earnings and Economic Data in Focus as Stock Futures Fall Slightly on Sunday Night

Tech Earnings and Economic Data in Focus as Stock Futures Fall Slightly on Sunday Night

Investors are keeping a watchful eye on the stock market as a slew of big tech companies release their corporate earnings and new economic data is set to be revealed. Dow Jones Industrial Average futures dipped by 0.13%, while S&P 500 and Nasdaq 100 futures declined by 0.14% and 0.15%, respectively, as the earnings season … Read more

“Huawei” records net profits of $5.12 billion in 2022.

“Huawei” records net profits of .12 billion in 2022.

$ 92.37 billion in revenue and the highest percentage of spending in the company’s history on research and development ******* Huawei published its annual report and audited financial results for the year 2022, which showed that the company maintained the stability of its operations over the past year, achieving revenues of $ 92.37 billion, and … Read more

Fitaihi Holding reports significant losses in 2022 as compared to the previous year’s net profits of over 149 million.

Fitaihi Holding reports significant losses in 2022 as compared to the previous year’s net profits of over 149 million.

Al-Marsad newspaper: The Fitaihi Holding Group revealed that it achieved a loss in 2022 of about 17.24 million riyals, compared to a net profit of about 149.64 million riyals in 2021. Fitaihi Holding attributed the reasons for the loss, in a statement on “Tadawul”, to several factors, which are the achievement of exceptional capital profits … Read more