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Citigroup Tops Q2 Earnings Estimates Amid Rising Interest Rates

Citigroup (NYSE: C) reported better-than-expected second-quarter earnings on Friday, surpassing analyst expectations, amid rising interest rates and positive trading results. The bank’s shares rose 8% during early morning trading. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”C” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”C” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] Citi CEO Jane Fraser said, “While …

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CitiGroup Analysts Expect Space Sector to Become $1 Trillion Industry

According to Citigroup (NYSE: C) analysts, the space industry is likely to reach USD1 Trillion in annual revenue by 2040, as launch costs could drop by as much as 95% amid reusable rockets. The sector’s primary revenue source, specifically in the satellite division, is expected to come from manufacturing launch services and ground equipment. The …

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