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Citi Names Ashu Khullar Co-Head of Global Asset Managers

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.

Snap Reports Strong Q4, Boosted by Advertising Overhaul and User Growth

Snap Revenue Surges, User Growth Beats Estimates on Ad Overhaul

US Tariffs on Chinese Goods to Raise Prices of Electronics, Clothing, Toys and More

New U.S. tariffs on products made in China are expected to increase the cost of various goods, including electronics, home supplies, car parts, and inexpensive apparel. The tariffs will also impact e-commerce platforms that sell low-cost items shipped from China.

Elon Musk Sues OpenAI Over Conversion to For-Profit Company

Elon Musk sues OpenAI, alleging the company has betrayed its founding aims as a nonprofit research lab. A federal judge weighs Musk's request for a court order to block OpenAI's transition to a for-profit company.

Robinhood's Sports Event Contracts Blocked by CFTC

Robinhood's event contracts for Super Bowl LIX halted by CFTC request; shares gain 1% despite setback.

Chipotle Earnings: Sales Growth May Slow but Remain Strong

Chipotle battles headwinds as sales growth slows amidst tariff concerns and restaurant industry challenges.

Apollo Boasts Record Wealth Capital, Targets $1.5 Trillion in Managed Assets

Apollo Global Management reported a 50% increase in assets under management from its wealth business. In 2023, the firm raised $12 billion from this sector and expects to reach $150 billion by 2029.

China Tightens Grip on Critical Minerals with New Export Controls

China imposes sweeping export controls on tungsten, indium and other metals used in defence, clean energy and other sectors, amid ongoing trade tensions with the US.

Shein's Planned London Listing in Doubt as Trump Moves to Scrap De Minimis Exemption

Shein's planned £50bn London listing in doubt after Donald Trump moves to close tax loophole. The move could see the Chinese fast fashion company face hundreds of millions of dollars in additional import duties.

401(k)s Have a 'Portability Failure,' and That's a Problem for Employees

The 401(k) system faces challenges with portability and lost accounts. Expert Laurie Rowley highlights the issue and offers solutions like IRAs and Portable Retirement Plans to address these problems.