Citigroup’s (C) profit rose in the second quarter, boosted by a 60% jump in investment banking revenue and gains in its services division, sending the bank’s shares up 2% before the bell. Net income climbed to $3.2 billion, or $1.52 per share, in the three months ended June 30, the third largest US lender said
Listen to this story Loading audio file, please wait. Speed1.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 As Indiana strives to remain competitive against peer cities, one crucial investment stands out as a cornerstone for driving workforce development: infrastructure. While roads, bridges, and utilities often dominate discussions around infrastructure, there’s another vital component that
Molten Ventures (GB:GROW) has released an update. Molten Ventures has announced successful exits from Graphcore, Perkbox, and Endomag, with returns in line or above holding values, reinforcing the strength of their valuation process. Additionally, portfolio companies ISAR Aerospace and RavenPack have raised significant funds, demonstrating investor confidence and the high quality of Molten’s portfolio amidst
After reaching 80,000, the Sensex experienced a slowdown. The upcoming budget carries high expectations from investors, who anticipate positive changes across all sectors. The market is showing significant losses amid concerns over a potential stock market crash, fueled by ongoing geopolitical tensions and inflated stock prices in line with current market trends. An analysis of
HARRISBURG, PA – July 11, 2024 – Sen. Lisa Boscola (D-Northampton) shared her views on the passage of the State budget as it heads to the Governor’s desk. A longtime advocate for school property tax reform, Boscola said, “while every school district in the 18th received increased funding, I am disappointed this budget missed out
This month, California lawmakers progressed in making changes to AB 3129, the bill proposing to give the California Attorney General (“AG”) approval authority over certain private equity and hedge fund investments in the health care industry, as well as to regulations governing the review process of the California Office of Health Care Affordability (“OHCA”). Critically,
Seae Ventures, a firm that provides funding to early-stage healthcare technology and services companies, announced it acquired Unseen Capital, a fellow venture capital firm that invests in companies that address the challenges faced by underrepresented entrepreneurs and marginalized communities. Seae’s portfolio companies include maternal health startup Cabaya Care, value-based care health technology company for the
The University of Utah is seeking a director of investments, according to a job posting listed on Tuesday. In 2022, the university transferred its investment organization to a nonprofit called University of Utah Growth Capital Partners following the retirement of CIO Jonathan Shear, a spokesperson for the university says. The Salt Lake City-based
Big tech has been the focus of Wall Street for most of 2024, but can it continue to perform as well as it has year to date? Mahoney Asset Management President Ken Mahoney joins Wealth! to give insight into the tech sector and which of the Mag 7 need to be in focus for investors.
The former CEO of Valkyrie Investments now leads a publicly traded Canadian firm seeking out opportunities across the crypto segment. Leah Wald, now the president and CEO of Cypherpunk Holdings, told Blockworks that the company’s recent decision to allocate to solana (SOL) marks an “important investment move” as it seeks to delineate trends from fads.