Citi’s Earnings Surpass Expectations Due to Boost in Investment Banking and Services Performance
Citigroup (C.N) surpassed Wall Street’s expectations for its second-quarter earnings on Friday, reporting a significant 60% rise in investment banking revenue alongside gains in its services division. The bank recorded a profit of $1.52 per share for the quarter ending June 30, exceeding the anticipated $1.39 per share based on LSEG data. Despite the strong […]
Saudi Arabia Expands Its Involvement in the Global Video Game Industry
Thousands of fans navigated the streets of Riyadh, Saudi Arabia, under the shelter of mist machines, as temperatures soared to 110 degrees. A giant 30-foot gold trophy replica captivated onlookers in the city center, signaling a shift from traditional to futuristic in the heart of Saudi Arabia during the inaugural Esports World Cup. The Saudi […]
Delta Reports $100 Million Loss Due to Olympics as Travelers Avoid Paris
Over 10,000 Olympic athletes are achieving their dreams by heading to Paris this summer, yet many potential visitors are choosing alternative destinations. Delta Air Lines has noted a significant decline in travelers to Paris, projecting a $100 million loss during what is typically a busy European travel season, according to CEO Ed Bastian. The company’s […]