Citigroup reported second-quarter results on Tuesday that topped analyst expectations after a three-month period that saw the bank’s stock dramatically outperform the market. Citigroup’s net income of $4.02 billion climbed 25% from the same quarter last year. Here’s how the bank’s results compared to Wall Street expectations: Earnings: $1.96 per share vs $1.60 per estimate
An RBNZ report said the ageing population will likely force changes in the financial system. (File photo) Photo: Unsplash/ Towfiqu Barbhuiya Ageing population likely to force changes in financial system – RBNZ report Change saving, investment behaviours such as less borrowing and higher saving Could put downward pressure on interest rates, change where banks source
California Attorney General Rob Bonta joined officials from 23 other states and the District of Columbia in suing the federal government Monday for the release of more than $6 billion in federal education funding that they say never arrived, including $939 million for California. Bonta, a Democrat, filed the legal challenge in the U.S. District
This is CNBC’s live blog covering Asia-Pacific markets. Asia-Pacific markets mostly rose Tuesday after China’s second-quarter economic growth topped analysts’ forecast. The country’s gross domestic product expanded by 5.2% in the second quarter, according to China’s National Bureau of Statistics, surpassing the 5.1% growth forecast by economists polled by Reuters. However, the latest reading is
Photo: There are concerns a class action lawsuit against two of our biggest banks will be undermined by a law change going through Parliament. The government introduced a bill to amend the Credit Contracts and Consumer Finance Act at the end of March. Among the changes – the redress for customers if banks or creditors
Musk reshapes Grok AI after backlash over antisemitic responses Elon Musk faces backlash after Grok AI made antisemitic remarks. Critics say Musk’s tweaks to the model steer it from fact-based responses. Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial
article A “For Sale” sign in front of a home in Hercules, California, US, on Thursday, June 26, 2025. Photographer: David Paul Morris/Bloomberg via Getty Images More than half of homeowners in the U.S. say they wouldn’t be comfortable selling their home this year, no matter how low the mortgage rates go, according to a
Traffic calming, safety improvements for pedestrians, bicyclists and motorists, alike. These are some of the investments in streets and intersections in Williamsport that began and will continue through the summer, early fall and into 2026. Mayor Derek Slaughter sat down with the city administrative team recently for a video interview on all kinds of projects,
A crypto hacker who stole tens of millions of dollars from the decentralized crypto perpetuals exchange GMX (GMX) is turning white hat by returning the stolen funds to collect a bounty. In a new thread on the social media platform X, GMX says the hacker who stole $42 million worth of crypto assets earlier this
This is CNBC’s live blog covering Asia-Pacific markets. Asia-Pacific markets are set to start the day lower Monday, as investors assess the 30% tariffs on the European Union and Mexico imposed by U.S. President Donald Trump over the weekend. The president revealed on his social media site, Truth Social, on Saturday that the tariffs on both countries