Citi has just announced a fresh batch of 276 managing directors. This is the smallest group since 2020, showing a shift in the bank's approach. The new leaders come from different parts of the bank, like markets, banking, wealth, and services. The bank is focusing more on growth in these areas after
Sean Combs, known as Puff Daddy, has had a long and controversial career in the music industry. His life and actions have been the subject of a recent docuseries that sheds light on some of the darker aspects of his legacy. The series reveals how Combs' rise to fame was marked by tragedy and scandal
A financial expert recently shared his thoughts on the Giving Pledge. He pointed out that it was born out of fear during the 2008 financial crisis. Wealthy individuals wanted to avoid public anger. But, he argues, the Giving Pledge hasn't made much progress. He believes a new idea, called Trump Acc
AI is advancing fast, but not everyone is handling the risks well. That's what Dario Amodei, the CEO of Anthropic, shared at a recent event. He's optimistic about the tech but worried about the money side. Some companies are spending too much, too fast. This could lead to problems, even if the tech
The natural gas market saw a significant boost on Wednesday, with prices climbing by 3. 20%. This surge was driven by forecasts of colder-than-average temperatures sweeping across the US, particularly in the Northeast and Great Lakes regions. The chillier weather is expected to last through the end
The entertainment world is buzzing with big moves. Paramount is upping its game to grab Warner Bros. Discovery. They're putting more money on the table, with help from investors in the Middle East. This includes Saudi Arabia, Qatar, and the United Arab Emirates. Meanwhile, Comcast has a different id
The finance world is changing. A big company, BlackRock, is now saying that tokenization could bring together old-school finance and new crypto ideas. BlackRock's boss and another top leader wrote about this. They think tokenization won't replace the old system soon. But it could help mix the two w
In 2025, crypto companies went on a buying spree, spending a whopping $8. 6 billion on mergers and acquisitions by November. This was a huge jump from previous years, with a record 133 deals closed. The total value of these deals was more than the combined total of the past four years. Coinbase was
The U. S. financial watchdog, the SEC, has put a pause on reviewing new leveraged ETF applications. This includes those for crypto ETFs. They sent letters to nine companies, including ProShares, which already has some leveraged crypto ETFs out there. The SEC's main concern? These funds aim to give
Euro stablecoins might seem small now, but they have huge potential. Right now, most stablecoins are tied to the US dollar, making up over 99% of the market. Euro stablecoins, on the other hand, are barely a blip at around $600 million. But don't let the small numbers fool you. The euro is the world
