Annuity sales are on track for a record year. Here’s what to know before buying
10'000 Hours | Digitalvision | Getty ImagesWhat are annuities?Annuities are issued by insurance companies. Consumers generally hand over a lump sum of money in exchange for an income stream for life, similar to a pension or Social Security.Financial planners sometimes recommend...
Citigroup to close global distressed-debt business as part of CEO Jane...
A trader works underneath a monitor displaying Citigroup Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on June 3, 2016.Michael Nagle | Bloomberg | Getty ImagesCitigroup is shuttering another Wall Street business as CEO Jane Fraser pushes...
Wall Street sees these beaten-down stocks making a comeback in 2024
This year's losers could be next year's winners, as a handful of left-behind stocks look to make a comeback in 2024. CNBC Pro screened for quality stocks that could stage a turnaround in the new year, according to Wall Street analysts. Many of the names are in energy and health...
Stocks making the biggest moves midday: Affirm, Chewy, Kenvue, Enphase Energy...
Check out the companies making headlines in midday trading. Chewy — Shares popped 9.2% after Jefferies initiated coverage of the pet e-commerce company with a buy rating and $27 price target, which suggests about 25% upside from Monday's close. Jefferies said Chewy should...
Alibaba CEO Eddie Wu to lead Taobao and Tmall e-commerce business in latest...
Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermidBrendan Mcdermid | ReutersBEIJING — Alibaba Group CEO Eddie Wu is taking over the top role at the company's Taobao...