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Cit has upgraded Penumbra (PEN) to buy from neutral citing management expectations that it can achieve $1B in revenue in 2023 with the launches of new vascular devices.

Citigroup, Bank of America and JPMorgan are big U.S. banks involved. Then there''s Itaú Unibanco and Credit Suisse.

By Amanda Cooper LONDON (Reuters) -The dollar fell on Friday, while stocks extended gains after data painted a picture of a U.S. economy that is creating jobs, but is starting to slow, tempering expectations for the Federal Reserve to keep raising rates as fast to fight inflation. The Bureau of Labor Statistics said 261,000 workers were added to non-farm payrolls in October, above expectations for an increase of 200,000, but so did the unemployment rate, which rose to 3.7%, suggesting that some of tightness in the labour market could be easing. Wages meanwhile rose 4.7% year-on-year last month, after a 5% rise in September. The dollar fell against other major currencies, while stocks edged higher in volatile trade. "There are signs that wage inflation has peaked, and as we move closer to recession that number should come down," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. "This is an indication that with recession looming things are going to get ugly going forward.

By Ankur Banerjee and Amanda Cooper LONDON/SINGAPORE (Reuters) -Global stocks rose on Friday for the first time in three days ahead of key U.S. jobs data, as investors took heart from reports China may relax its COVID rules, boosting major currencies against the dollar and prompting a 2% rally in oil. The MSCI index of global shares rose 0.6% on the day, breaking two straight days of losses, but still headed for a near-3% weekly loss, after more big rate hikes from the Federal Reserve and the Bank of England. China will make substantial changes to its "dynamic-zero" COVID-19 policy in coming months, a former Chinese disease control official told a conference hosted by Citi on Friday, according to a recording of the session heard by Reuters. Chinese health authorities will hold a press conference on Saturday on COVID-19 prevention, according to a notice that said officials from the National Bureau of Disease Control and Prevention would attend. No other details were immediately available.

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San Antonio, TX, May 06, 2022 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW ) ("the Company"), a registered investment advisory firm that focuses on specialized markets around the world, is proud to announce that its airlines ETF, the U.S. Global Jets ETF (JETS), has been approved by Ameriprise Financial, Inc. ("Ameriprise") and is now available to Ameriprise''s more-than 10,000 advisors, who manage approximately $1.2 trillion. Boasting some 2 million individual, business and institutional clients, the Minneapolis-based Ameriprise is one of the largest investment firms in the world with locations in the U.S., Europe and Asia. Last year, Ameriprise was named the "#1 Most Trusted Wealth Manager" by Investor''s Business Daily (IBD), based on a survey of more than 6,000 consumers. "We''re thrilled to see JETS make a landing in Ameriprise''s multiple trading platforms," said Frank Holmes, the Company''s CEO and Chief Investment Officer. "The smart-beta 2.0 JETS ETF remains the premiere destination for investors seeking to gain exposure to the global commercial aviation industry, which includes not just airlines but also aircraft manufacturers, airport services companies and online travel agencies.

Amberdata, a New York-based provider of a digital asset data, raised $30M in Series B funding. The round was led by Susquehanna International Group, with participation from Nasdaq Ventures, NAB Ventures, Chicago Trading Company, Nexo, Coinbase, Innovius, Citi, Franklin Templeton, Aspenwood Ventures, Rovida Kruptos Assets, and Boldstart Ventures. The company intends to use the funds to […] The post Amberdata Raises $30M in Series B Funding appeared first on FinSMEs .

WASHINGTON: The US unemployment rate likely dropped to its pre-pandemic low of 3.5% in April, while job growth moderated to a still brisk pace amid widespread worker shortages, underscoring the challenge the Federal Reserve faces to curb high inflation. The Labor Department’s closely watched employment report on Friday is also expected to show wages rose solidly last month and highlight the economy’s strong fundamentals despite a drop in gross domestic product in the first quarter. “Consumers have money to burn and businesses are trying to hire people, but labor shortages are, if anything, getting worse,” said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles. “I think we are seeing the beginning of a wage price spiral, and it is going to be a tough nut to crack, even for the central bank.” Nonfarm payrolls likely increased by 391,000 jobs last month after rising 431,000 in March, according to a Reuters survey of economists. That would mark a slowdown from the first-quarter average gain of 562,000 jobs per month and snap an 11-month streak of payroll gains in excess of 400,000.

LONDON — Canada’s Brookfield Asset Management is working with banks to sell its 45% stake in French towers firm TDF Group as it seeks to capitalize on growing demand for key infrastructure assets across Europe, sources told Reuters. Brookfield has drafted in Citigroup and Credit Suisse to work on the sale which could value TDF […]

Linklaters and Marval OFarrell Mairal advised the Dealer Managers on the matter. Beccar Varela and Alston & Bird advised Citibank acting as Agent. Bomchil and Greenberg []

Citigroup Inc. is said to have taken a key step to restart its public finance business in Texas by submitting a letter verifying its compliance with a new state law seeking to punish banks that have taken on restrictive gun policies.

PHOENIX, Ariz., Nov. 5, 2021 /PRNewswire/ -- Renren Inc. (NYSE: RENN) (" Renren " or the " Company "), today announced that it will hold its Annual General Meeting of Shareholders (the " AGM ") at 2400 East Missouri Avenue, Phoenix AZ , 85016, at 9:00 a.m. local time on December 17, 2021 . The purpose of the AGM is for the Company''s shareholders to consider, and if thought fit, approve the change of the Company''s legal name from "Renren Inc." to "Moatable, Inc." and the adoption of the Company''s 2021 Share Incentive Plan. The board of directors of the Company has fixed the close of business on November 15, 2021 as the record date (the " Record Date ") in order to determine the shareholders entitled to receive notice of the AGM or any adjourned or postponed meeting thereof. Holders of record of the Company''s ordinary shares at the close of business on the Record Date are entitled to attend, and to vote at, the AGM and any adjournment or postponement thereof in person. Beneficial owners of the Company''s American depositary shares (" ADSs ") who wish to exercise their voting rights for the underlying shares represented by the ADSs must act through Citibank, N.A., the depositary of the Company''s ADS program.

Citigroup Inc. (NYSE:C) shares, rose in value on Thursday, November 4, with the stock price down by -3.18% to the previous days close as strong demand from buyers drove the stock to $66.81. Actively observing the price movement in the recent trading, the stock is buoying the session at $69.00, falling within a range of The Citigroup Inc. (NYSE: C) Stock Price: Is It Overvalued? Read More »

Invesco Ltd. raised its position in Citigroup Inc. (NYSE:C) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,027,407 shares of the companys stock after acquiring an additional 77,801 shares during the quarter. Invesco Ltd. owned approximately 0.79% of Citigroup worth $1,133,941,000 at []