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☆ Stock market next week: Earnings season ramps up with more big bank results
▼ + stars: | 2024-10-11 | by ( Sarah Min | Nicole Teo | ) www.cnbc.com time to read: +6 min

And, with earnings season set to ramp up, that could mean further gains. Already, on Friday, JPMorgan Chase and Wells Fargo were rallying in midday trading after reporting their latest results this week, an auspicious start to the earnings season. A strong earnings season Earnings results next week will be dominated by reports from the banking sector, giving investors further insight into the health of the capital markets as well as the consumer. Several regional banks are also set to announce how they did in the most recent quarter as well, such as PNC Financial Services Group and Citizens Financial Group. Even so, investors are optimistic about the outlook for corporate profits this earnings season, especially with expectations having come down.

Persons: what's, Oppenheimer, Wells Fargo, Charlie Ashley, Ashley, Goldman Sachs, Morgan Stanley, Ross Mayfield, Catalyst's Ashley, Baird's Mayfield, Mayfield, Charles Schwab, Huntington Bancshares Organizations: Dow Jones, Tech, Nvidia, JPMorgan Chase, Traders, Federal Reserve, Catalyst Funds, Nasdaq, Ashley . Bank of America, PNC Financial Services Group, Citizens Financial Group, Private Wealth Management, Treasury, Columbus, Columbus Day, Index, United Airlines, Hunt Transport Services, Citigroup, State, Goldman Sachs Group, Walgreens Boots Alliance, Johnson, Bank of America, PNC Financial Services, UnitedHealth, Price, PPG Industries, Steel Dynamics, Discover Financial Services, CSX, Abbott Laboratories, U.S . Bancorp, Financial Group, Philadelphia Fed, Retail, Manufacturing, Netflix, T Bank Corp, Elevance, Truist, Blackstone, Housing, Schlumberger, Procter, Gamble, Fifth Third Bancorp, Regions Financial, American Express Locations: Ashley, bullish, Prologis, NAHB

☆ Cramer's week ahead: Major banks, Taiwan Semi and Netflix report as earnings season gets into full swing
▼ + stars: | 2024-10-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

As earnings season takes off, CNBC's Jim Cramer on Friday advised investors about what to follow next week on Wall Street. Bank of America could see a boost now that Warren Buffett is no longer required to frequently report his sales of the stock, Cramer added. Johnson & Johnson , Walgreens and UnitedHealth Group also report earnings on Tuesday, with Cramer noting that the latter regularly beats expectations. Johnson & Johnson this week saw a new development in its ongoing talc lawsuits that could aid resolution efforts. On Friday, Procter & Gamble will report, and Cramer said he's worried about the company's business in China.

Persons: CNBC's Jim Cramer, Cramer, Charles Schwab, Goldman Sachs, Schwab, He's, he's, Warren Buffett, Johnson, Morgan Stanley Organizations: Netflix, Taiwan Semiconductor, Bank of America, Citigroup, Wall, Johnson, Walgreens, UnitedHealth, Abbott Laboratories, Food and Drug Administration, Centers for Disease Control, National Institutes of Health, Nvidia, Procter, Gamble, American Express Locations: China

☆ Meet the executive tasked with Citi's hardest challenge: getting the bank's house in order
▼ + stars: | 2024-10-09 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +18 min

For Selva, leading the Transformation is unlike any test he has faced in his three-decade career at Citi. To do so, he has to solve for Citi's decades of underinvestment in its infrastructure, which affects every business line of the bank. Under Selva, Citi was the No. Related stories"The challenge with the Transformation role is you are accountable yet not responsible," the managing director in the Transformation said. Courtesy of CitiBringing in Ryan, the bank's head of technology and business enablement, to help the bank catch up makes sense.

Persons: Jane Fraser, Anand Selva, Selva, Sen, Elizabeth Warren, We've, Fraser, Gonzalo Luchetti, Luchetti, Kathleen Martin, Martin, Mike Mayo, Tim Ryan, Mayo, Vernon Yuen, Adora Tidalgo, Anand, Jim O'Donnell, Win McNamee, Andy Sieg, Tidalgo, Phil Waxelbaum, Jeffrey Warren, Ryan, Warren, Ashutosh Nawani, Japan Mehta, Mehta, Nawani, Tom Williams, Timothy Coffey, Janney Montgomery Scott, they've, Stephen Biggar Organizations: Citigroup, Citi, Federal Reserve, Currency, OCC, Business, underperformance, BI, Citi ., Coimbatore Institute of Technology, Madurai Kamaraj University, Asia Pacific, divesting, Employees, Merrill Wealth Management, PricewaterhouseCoopers, Russell Reynolds Associates, Securities, Exchange Commission, Bloomberg, Getty, Argus Research Locations: Selva, Chennai, India, Asia, who's, Wells, Madurai, Coimbatore, China, Singapore, New York, Fraser, Europe, Ryan

☆ Stocks making the biggest moves premarket: Boeing, Alphabet, Blackstone, GitLab and more
▼ + stars: | 2024-10-09 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Reddit — Shares rose more than 2% after Jefferies initiated research coverage with a buy rating and a Sreet-high price target. Rio Tinto , Arcadium Lithium — The two minerals stocks moved in opposite directions after the companies announced a deal for Rio Tinto to buy Arcadium for $5.85 per share. Shares of Rio Tinto dipped 1.2%, while shares of Arcadium surged 30%. GitLab — Shares rose 5% after Morgan Stanley initiated research coverage of the software stock with an overweight rating . Chewy — Shares rose nearly 2% after TD Cowen initiated research coverage of the pet products retailer with a buy rating.

Persons: Jefferies, Blackstone — Piper Sandler, Morgan Stanley, Sanjit Singh, Nio, TD Cowen, — CNBC's Sean Conlon, Lisa Han, Alex Harring, Jesse Pound, Hakyung Kim Organizations: Boeing, Department, Rio Tinto, Federal, Cruise, Citigroup, Citi Locations: Rio, Arcadium, Nio —

☆ These dividend growers are also on Goldman Sachs' buy list
▼ + stars: | 2024-10-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Goldman Sachs recently screened for stocks that offer solid dividend yield as well as dividend growth, both of which can be covered by the company's earnings or free cash flow. All the names had to also be rated a buy at Goldman and have an estimated dividend yield of 2% or more in 2025. It has an estimated 2025 dividend yield of 4.6%, analyst Deep Mehta said. Its estimated CAGR in dividend-per-share between 2024 and 2026 stands at 19% and its estimated dividend yield in 2025 is 2.9%. In the oil patch, integrated producer Chevron is expected to nab a dividend yield of 4.9% next year.

Persons: Goldman Sachs, Deep Mehta, Corie Barry, Mehta, Prologis, Hess, John Hess Organizations: Federal Reserve, Goldman, Citigroup, Rent, Chevron, nab, Canadian Natural Resources, Federal Trade Commission, Exxon, Hess Locations: Guyana

☆ Investors slam the brakes on the hottest trade going in the market
▼ + stars: | 2024-10-08 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

But he did not announce any major new plans for ensuring economic health, leaving investors feeling underwhelmed. The iShares MSCI China ETF (MCHI) sank nearly 11%, on track for its worst day ever. The iShares China Large-Cap ETF, for example, soared 33% between Sept. 23 and Oct. 7. Morgan Stanley strategist Laura Wang on Tuesday revised price targets for the major Chinese stock market indexes, suggesting no room for further gains compared with current levels. "Today's press conference at least in the near term reinforces such belief, in our view, and the stock market could see more divergence at individual stock level."

Persons: Zheng Shanjie, Bilibili, Nio, Ray Dalio, FXI, Jeff deGraaf, David Tepper, Morgan Stanley, Laura Wang, Wang, Merrill Lynch, Helen Qiao, Xiangrong Yu, Yu Organizations: National, Reform Commission, CSI China Internet, Billionaire, Bridgewater Associates, Greenwich Economic, Appaloosa Management, U.S . Federal Reserve, Wynn Resorts, Sands, Macau — Locations: China, Greenwich, Greenwich , Connecticut, Beijing, Macau, Tuesday's, U.S

The terror attack has helped push the Middle East to the brink of a wider regional war. One year after the massacre, the Middle East has only plunged deeper into violence and is on the brink of a broader war. Globally, the immediate concern is that oil supplies will diminish significantly should conflict spill over to the rest of the Middle East. Everyone but Biden can see this," wrote Andrew Exum, a former US deputy assistant secretary of defense for Middle East policy, in The Atlantic last week. The global economy on edgeWhen the conflict began a year ago, there were fears that wider conflict in the Middle East could impact the global economy.

Persons: —, Israel, Chuck Frielich, Frielich, Yemen's Houthi, Mohammed Hamoud, barraged, Ammar Safarjalani, Ismail Haniyeh, Haniyeh, Fuad Shukr, Hasan Nasrallah, Qasem Soleimani, JOSEPH EID, JALAA MAREY, Nasrallah, bode, Benjamin Netanyahu, Carmel Gat, Netanyahu, Joe Biden, Biden, Andrew Exum, Brent, Vladimir Putin Organizations: Service, Israel Defense Forces, Hamas, Iranian Revolutionary Guard Corps, The Washington Institute for Near East, Getty Images Iran, Getty, Israel's, United Nations General Assembly, Citigroup, Iranian, US, Middle, Business, Bank of Israel, Reuters, IMF Locations: Israel, Iran, Gaza, Suez, Aden, Red, Palestine, Syria, Damascus, Xinhua, Tehran, Beirut, Haniyeh, Shukr, Lebanon, AFP, Hezbollah's, United States, Ukraine

☆ Musk's X paid $5 million in fines to the wrong bank, Brazil's Supreme Court said
▼ + stars: | 2024-10-07 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +3 min

X mistakenly transferred $5 million in fines to the wrong bank, said Brazil's Supreme Court. AdvertisementElon Musk's X just botched a $5 million payment in Brazil by transferring it to the wrong bank, according to Brazil's Supreme Court, Reuters reported on Saturday. In late August, Brazil's Supreme Court banned the platform for failing to comply with orders related to content moderation and for not appointing a legal representative in the country. AdvertisementOn Friday, X's legal team submitted documents showing that they paid the fines. X and the Brazil Supreme Court did not respond to requests for comment sent by Business Insider outside business hours.

Persons: X, —, Elon Musk's X, Musk, Alexandre de Moraes, de Moraes, De Moraes Organizations: Service, Reuters, Twitter, Brazil's, Supreme, Business Insider, Citigroup Locations: Brazil

☆ Pettit: The market is fairly valued; we need to dig deeper for stock picks.
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPettit: The market is fairly valued; we need to dig deeper for stock picks. Drew Pettit, the Director of U.S. Equity Strategy for Citigroup, shares his top stock picks for Q1 next year: Meta Platforms, LNG, and United Airlines (UAL).

Persons: Pettit, Drew Pettit Organizations: U.S, Equity, Citigroup, United Airlines

☆ Final Trades: Deckers, Citigroup, Ares Management and Crowdstrike
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Deckers, Citigroup, Ares Management and CrowdstrikeThe Investment Committee give you their top stocks to watch for the second half.

Organizations: Citigroup, Ares Management, Investment

☆ $100 oil could be the October surprise no one wanted
▼ + stars: | 2024-10-03 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —The Middle East is in chaos, and the oil market is remarkably calm about it. The chill reaction in the oil market reflects a boy-who-cried-wolf mindset that has set in. Even just two years ago, oil prices skyrocketed to $130 a barrel in March 2022 after Russia invaded Ukraine. Oil prices skyrocketed in 2019 when Saudi oil facilities were damaged in an attack that US officials blamed on Iran. A disruption in the Strait of Hormuz could send oil prices above $100 a barrel, according to ClearView.

Persons: ”, Bob McNally, “, It’s, McNally, George W, Bush, Israel, ” Helima, Joe Biden, Croft, internationalize, Kevin Book, ClearView, it’s, Biden Organizations: New, New York CNN, Investors, Rapidan Energy Partners, Israel, RBC Capital Markets, CNN, CIA, ClearView Energy Partners, International Energy Agency, RBC, Strategic Petroleum Reserve, Citigroup, Citi Locations: New York, Iran, China, OPEC, Saudi Arabia, Russia, United States, ” Helima Croft, Ukraine, Israel, Saudi, Strait, Hormuz, Riyadh, Persian

☆ Port strike could reignite inflation, with larger economic impact dependent on how long it lasts
▼ + stars: | 2024-10-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida. One rule of thumb is that for each strike day, it takes nearly a week to get ports operating at normal levels. watch now"We think fears around the potential economic impacts are overdone," wrote Bradley Saunders, North America economist at Capital Economics. "Frequent shocks to supply chains in recent years have left producers more attuned to the risks of running low inventories. "There is little chance that the administration would risk jeopardizing its recent economic successes less than two months before a tightly-contested election," he said.

Persons: Giorgio Viera, Joe Biden, Taft, Hartley, Joseph Brusuelas, Andrew Hollenhorst, Bradley Saunders, Saunders, there's Organizations: Afp, Getty, International Longshoreman's Association, U.S . Maritime Alliance, Labor, RSM, Atlanta Federal Reserve, Citigroup, New, New York Fed, Capital Economics, ILA Locations: Miami, Miami , Florida, East, Gulf, U.S, United States, West Coast, New York, North America

☆ 4 reasons for the tech selling Tuesday — and why we're not changing our view on the group
▼ + stars: | 2024-10-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Ultimately, the slow starts to August and September did not stand in the way of Wall Street recording a strong third quarter . Tech woes : The S & P 500 tech sector is having a rough day on several different fronts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, There's, Elliott Hill, John Donahoe, Lamb Weston, we'll, Slim Jim, Hunt's, Orville Redenbacher's, We're, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Federal Reserve, Coterra Energy, Tech, Apple, Citigroup, HP Inc, CDW Corp, Citi, Samsung Electronics, Nvidia, Broadcom, Energy, Nike, Maine Foods, Labor, Jim Cramer's Charitable Locations: East, Iran, Israel, China

☆ 10 things to watch in the stock market Friday including a bullish call on Best Buy
▼ + stars: | 2024-09-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We raised our price target on the stock. Best Buy was added to JPMorgan's analyst focus list after a meeting with the electronics and appliance retailer's management team. Deutsche Bank restarted coverage of Dell Technologies with a buy rating and price target of $144 a share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Bristol Myers, Morgan Stanley, Wynn, Jim Cramer, Dan Ives, Jim Cramer's, Jim Organizations: Club, Costco, Drug Administration, Bristol, Bristol Myers Squibb, Wynn Resorts, United Arab, Citigroup, Analysts, Walmart, Deutsche Bank, Dell Technologies, PepsiCo, HP Inc, Bank of America, HP, Wedbush Securities, Jim's, Jim Cramer's Charitable, CNBC Locations: what's, New Jersey, Las Vegas, United Arab Emirates, China, Macau

☆ Why Nvidia stock could soar over 500% by the end of the decade, former consulting exec says
▼ + stars: | 2024-09-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Nvidia could rocket another 545% by the end of the decade, Phil Panaro predicted. AdvertisementNvidia is headed for a meteoric run-up by the end of the decade, according to one former consulting exec. "Not to sound overconfident — it's actually inevitable provided that they can continue to make these chips," he later added of the firm's upside potential. Some strategists have been skeptical over Nvidia's rally, with the stock up a monster 2,733% over the last five years. "That's actually the best case for why it's actually going to go up.

Persons: Phil Panaro, Blackwell, —, Phil Panaro —, Jensen Huang, Panaro, Goldman Sachs, Morgan Stanley, — it's, That's, it's, haven't Organizations: Nvidia, Service, Boston Consulting Group, Goldman, Citigroup, Schwab Network, Blackwell, Big Tech, Fortune, Analysts, Nasdaq Locations: Web2

☆ Employers are increasingly tracking staff in the return-to-office world. One academic says surveillance at work has its good, bad, and ugly.
▼ + stars: | 2024-09-24 | by ( Nora Redmond | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. There was a brief period during the pandemic and the years after it when hybrid work, four-day workweeks, and flexible hours gave employees more power than ever before. And now, employee surveillance is on the rise. "That might create high staff turnover rates," he said, "and there are all sorts of costs associated with recruiting staff." Overall, Kayas held that whether staff surveillance is good or bad, or right or wrong, comes down to whether you're asking the employee or the employer.

Persons: —, JPMorgan Chase, Leo Lukenas III, BofA, Oliver Kayas, Kayas Organizations: Service, Business, Street Journal, Bank of America, JPMorgan, of America, Army, Liverpool John Moores University, Citigroup

☆ It's the 'year of the mandate' at offices, but hybrid and remote aren't dying
▼ + stars: | 2024-09-24 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

Even so, the share of people working remotely and hybrid has ticked up in the last year, while those working from an office full-time declined, according to a new report. Another 11% say they work fully remotely, up from 7% in the last year, according to the report. The remaining 62% say they work from a physical office five days a week, down from 66% this time last year. It's "a surprise" to see remote and hybrid work increase slightly in what's shaping up to be "the year of the mandate," says Frank Weishaupt, CEO of Owl Labs. But hybrid workers continue to face challenges in what they want versus what their employers require.

Persons: Frank Weishaupt Organizations: Amazon, Citigroup, Walmart, UPS, Owl Labs

☆ Wall Street hovers near record highs. Here's why we want to see choppiness
▼ + stars: | 2024-09-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Dow closed Friday at a record while the S & P 500 did so Thursday . Despite a slight dip in the S & P 500 Friday, the S & P Short Range Oscillator moved further into overbought territory at 7.3%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jim Cramer's, Morgan Stanley, Goldman Sachs, Jim, Jeff Marks, Jeff Organizations: CNBC, Dow, Health, Intel, Qualcomm, Bloomberg News, Apollo Global Management, Apple, Barclays, JPMorgan, Citigroup Locations: U.S

☆ Stocks making the biggest moves premarket: Intel, Pinterest, Palantir and more
▼ + stars: | 2024-09-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

CNBC confirmed on Friday that Qualcomm had recently approached Intel about a takeover. Ciena – The networking software maker added more than 4% after a double upgrade by Citigroup to buy from sell cited an improving landscape in the broader telecommunications/cable industry. The bank sees bookings growth heading into next year. The bank sees an increasing relevance of the platform among users and expects strong revenue growth over the next few years. Palantir – The maker of software platforms to help companies analyze data declined more than 1%.

Persons: Ciena, Morgan Stanley, Palantir, Raymond James, Harlan Sur, —, Samantha Subin, Sarah Min, Pia Singh Organizations: Intel, Apollo Global Management, Bloomberg, CNBC, Qualcomm, Citigroup, Constellation Energy, Microsoft, Deutsche Bank, General Motors, Chevrolet, Micron Technology, JPMorgan Locations: Pennsylvania, The Boise , Idaho

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Pinterest, Palantir, Microsoft, Nike, Meta & more
▼ + stars: | 2024-09-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"We are initiating coverage of enterprise planning and 'Office of the CFO' software provider OneStream (OS) with an Outperform rating and $38 target price." Deutsche Bank initiates Pinterest at buy Deutsche called Pinterest an "under-monetized, scaled, increasingly personalized 'digital catalog' that attracts an affluent, high purchase-intent user base." "We initiate coverage of Pinterest, Inc. with a Buy Rating and a $43 Price Target." "We initiate coverage on FLUT with a Buy Rating and $270 PT." JPMorgan adds Nike to negative catalyst watch list The bank is sticking with its neutral rating but is negative heading into earnings on October 1 for Nike.

Persons: Bernstein, it's bullish, Morgan Stanley, Piper Sandler, Piper, TD Cowen downgrades, Cowen, Goldman Sachs, Goldman, Raymond James downgrades Palantir, Raymond James, Dr Pepper, Wells, Tesla, it's, bullish, Coreweave, Davidson, Needham, Truist Organizations: Nvidia, Citi, Meta, Facebook, Apple, BMO, Bank of America, underperform Bank of America, Holding AG, Citigroup, Deutsche Bank, Deutsche, Barclays, Bank, New York Mellon, Bank of New York Mellon, Motors, Microsoft, Needham, JPMorgan, Nike, Technology Locations: North America

☆ Remote work could become a secret weapon in the battle for top talent
▼ + stars: | 2024-09-23 | by ( Nora Redmond | ) www.businessinsider.com time to read: +5 min

Read previewThe list of companies abandoning remote work is growing. But for some experts, remote work won't die either. "There's a big race for talent out there," she told Business Insider, adding that "attracting talent into a business is hard these days." For others, flexible work has become a game changer and one they can't see themselves looking back on. In contrast, other companies will continue to embrace the advantages of flexible work.

Persons: —, Andy Jassy, PwC, Goldman Sachs, Kate Palmer, Palmer, Daniel Wheatley, Wheatley, Jassy Organizations: Service, Amazon, Big, Business, Citigroup, HSBC, Barclays, JPMorgan, Peninsula, University of Birmingham

☆ China unexpectedly leaves benchmark lending rates unchanged after Fed's jumbo cut
▼ + stars: | 2024-09-20 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

China on Friday kept its main benchmark lending rates unchanged at the monthly fixing. The People's Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%. The one-year LPR affects corporate and most household loans in China, while the five-year LPR acts as a benchmark for mortgage rates. Urban jobless rate rose to a six-month high, while year-on-year home prices fell at their fastest pace in nine years. Bank of America lowered their forecast for China's 2024 GDP growth to 4.8%, and Citigroup trimmed their projection to 4.7%.

Organizations: Reuters, People's Bank of China, Bank of America, Citigroup Locations: People's Republic of China, China

An American Airlines' Embraer E175LR (front), an American Airlines' Boeing 737 (C) and an American Airlines' Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024. American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer Barclays from a partnership that dates back to the airline's 2013 takeover of US Airways, said people with knowledge of the negotiations. Banks' co-brand deals with airlines, retailers and hotel chains are some of the most hotly contested negotiations in the industry. Carriers have said growth in card spending has far exceeded that of passenger revenue in recent years. While it says it has the largest loyalty program, American was out-earned by Delta there, which made nearly $7 billion in payments from its American Express card partnership last year, compared to $5.2 billion for American.

Persons: Banks Organizations: American Airlines, Embraer, Boeing, LaGuardia Airport, Citigroup, Barclays, US Airways, Consumer Financial Protection, Delta, American Express Locations: Queens , New York

Read previewOn Monday, Amazon mandated corporate workers return to the office five days a week beginning January 2nd. AdvertisementHere's a list, in alphabetical order, of major companies requiring employees to return to offices. BlackRockLast year, BlackRock mandated employees return to the office four days a week. MetaMeta updated its remote work policies in September 2023, requiring employees to head into the office three days a week. AdvertisementWalmartAlong with slashing hundreds of jobs, Walmart also asked previously remote employees in the US to move to offices.

Persons: —, Goldman Sachs, Andy Jassy, We've, Jassy, Insider's Ashley Stewart, It's, Apple's, Tim Cook, Rob Goldstein, Caroline Heller, Chipotle, Bob Iger, Iger, signees, David Solomon, Fortune, Fiona Cicconi, Arvind Krishna, Jamie Dimon, Redfin, Glenn Kelman, Salesforce Salesforce, Marc Benioff, Howard Schultz, Schultz, Tesla, Elon Musk, nodded, Musk, X, Yao Yue, Yue, Dara Khosrowshahi Organizations: Service, JPMorgan, Business, Amazon, Apple, BlackRock, Hudson, Bloomberg, Citigroup Citigroup, HSBC Holding Plc, Barclays, Citigroup, Reuters, Disney, The Washington Post, CNBC, Google, San Francisco Bay Area, IBM IBM, IBM, Meta Meta, Frisco, San Francisco Standard, Engineers, Starbucks, Elon, Twitter, National Labor Relations, Walmart, Street Journal Locations: Seattle, New York City, San Francisco Bay, San Francisco, Dallas , Atlanta, Toronto, Arkansas, New Jersey

☆ Amazon calls workers back 5 days a week—other companies may be 'right behind them,' expert says
▼ + stars: | 2024-09-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

The decision marks a significant shift from Amazon's earlier policy, which required employees to badge in three days a week. Following the announcement, anxious workers have flooded LinkedIn and X feeds with posts wondering if their companies would be next to get rid of flexible work arrangements. Just one-third (33%) of U.S. companies require employees to come to the office five days a week, according to recent data from Flex Index, a platform that tracks companies' flexible work policies. Under 10% of tech companies with more than 1,000 employees have such a requirement. "We might see other smaller tech companies follow Amazon's lead, but most will continue sticking to some kind of hybrid arrangement," he says.

Persons: Andy Jassy, Jassy, we've, Dan Kaplan, haven't, Brian Elliott, hasn't, Kaplan, Elliott, we'll Organizations: Amazon.com Inc, Amazon, Citigroup, Walmart, UPS, Kastle Systems, Flex, Workers, Employees Locations: Seattle , Washington, lockstep, U.S

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