Business

Citigroup appoints Ashu Khullar and K. Balasubramanian as co-heads of global asset managers. Khullar will lead the effort to expand Citi's relationships with sponsors across EMEA and Asia from London.

Published on: February 05, 2025, 04:00 AM UTC

As oil prices dip, President Trump calls for increased drilling to lower costs at the pump. But domestic and international producers are hesitant to boost supply, citing concerns over profitability and a global supply glut.

Published on: February 05, 2025, 03:00 AM UTC

AMD beats on earnings, but stock falls after hours despite strong guidance and better-than-expected Q1 forecast.

Published on: February 05, 2025, 02:03 AM UTC

Chipotle (CMG) shares fell 5% after reporting Q4 earnings that met estimates. Same-store sales surged 5.4%, fueled by strong transactions and margin growth. The company plans to open 315-345 new locations this year and expects same-store sales growth in the low- to mid-single-digit range in 2025.

Published on: February 05, 2025, 02:02 AM UTC

Monroe Capital Expands to Australia with New Sydney Office and Business Development Director

Published on: February 05, 2025, 02:00 AM UTC

China's services sector activity slowed in January as the Lunar New Year holiday impacted employment. Business sentiment improved despite concerns over rising competition and trade uncertainties. The Caixin/S&P Global services PMI fell to 51.0 but remained in expansion territory.

Published on: February 05, 2025, 02:00 AM UTC

Delaware Supreme Court ruling could make it easier for companies to leave the state, which is home to two-thirds of the Fortune 500. The decision involves TripAdvisor and could impact Tesla, Facebook, and other companies considering relocation.

Published on: February 05, 2025, 01:03 AM UTC

Andreessen Horowitz, a leading venture capital firm, has hired Daniel Penny, a Marine veteran who gained recognition for his actions on a subway. Penny was cleared of criminally negligent homicide last year. He will join Andreessen Horowitz's American Dynamism practice, focusing on supporting companies that align with American interests.

Published on: February 05, 2025, 01:03 AM UTC

US Lawmakers Propose Stablecoin Bill and Digital Asset Regulatory Framework to Provide Clarity for Crypto Industry

Published on: February 05, 2025, 01:02 AM UTC

Chipotle's Q4 earnings met expectations with 5.4% same-store sales growth, driven by strong transactions and margin expansion. Despite facing headwinds like weather and tough comparisons, the company plans to open 315-345 locations in fiscal 2025 and expects same-store sales to grow in the low- to mid-single-digit range.

Published on: February 05, 2025, 01:01 AM UTC