Citigroup reports surprise drop in quarterly revenue, shares slip – Reuters

(Reuters) – Citigroup Inc beat Wall Street profit estimates on Monday as lower expenses offset a drop in quarterly revenue, stemming from year-end volatility in its fixed-income trading business. Citi is the first of the major U.S. banks to report fourth-quarter results. Wall Street majors JPMorgan Chase & Co, Bank of America Corp and Goldman…

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China reports weakest factory growth in over 2 years – Fox Business

article Growth in China’s vast manufacturing sector stalled for the first time in over two years in November as new orders slowed, piling pressure on Beijing ahead of crucial trade talks between Presidents Xi Jinping and Donald Trump this weekend. If the high-stakes negotiations fail, Trump is widely expected to proceed with a sharp tariff hike…

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Oil Falls Amid Reports US Could Ease Restrictions on Iranian Crude Sales

LONDON—Oil prices started the week under pressure, amid reports the U.S. could grant waivers to some buyers of Iranian crude when oil sanctions on the Islamic Republic go into effect next month. Brent crude, the global benchmark, was down 1.32% to $83.05 a barrel on London’s Intercontinental Exchange early on Monday. On the New York…

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Disney Reports Earnings, but Focus Is on Its Streaming Service

LOS ANGELES — Disney’s coming Netflix-style streaming service most definitely has Wall Street’s attention. On an earnings-related conference call on Tuesday, analysts did not pepper Robert A. Iger, the Walt Disney Company’s chief executive, with questions about the entertainment company’s mixed quarterly results, which climbed but not as much as expected. Instead, the hourlong conversation…

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A top Amazon TV boss left after less than a year amid reports she made ‘inappropriate comments’ in a meeting

Heather Schuster. Getty A top Amazon television executive has left the company amid reports she was the subject of an internal investigation into alleged inappropriate comments she made during a meeting. Deadline broke the news that Heather Schuster, head of unscripted TV at Amazon Studios, has stepped down. Variety and The Los Angeles Times followed…

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