When Citi decided to close its public finance division, most of the bankers quickly transitioned to new roles in the municipal market. However, Archana Chandrasekhar took a different approach by taking time to pause and reflect before embarking on a new venture. After spending 14 years at Citi specializing in higher education, health care, and
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Southwest Airlines, a major player in the U.S. airline industry, is undergoing significant changes as executive chairman and former CEO Gary Kelly announces his retirement next year. With nearly four decades of experience at the company, Kelly has been a key figure since the retirement of the carrier’s co-founder, Herb Kelleher, in 2008. This departure
As we approach the final months of 2024, investors are keenly observing the technology sector’s landscape, especially following the dramatic fluctuations seen earlier this year. Notably, UBS has stepped into the spotlight with its latest assessment, identifying eleven tech stocks it believes are primed for outperformance as the year draws to a close. This article
Sales of ultra-luxury homes have seen a significant surge in New York, Miami, and Palm Beach, Florida, in the second quarter of the year. According to a report from real estate firm Knight Frank, the number of homes that sold for $10 million or more in these markets jumped 44% in Palm Beach, 27% in
The National Football League’s foray into the world of streaming has proven to be a successful strategy in expanding its fanbase both in the United States and globally. Hans Schroeder, the NFL’s executive vice president of media distribution, highlighted the league’s exclusive streaming deals with various media companies as a key component in the growth
Starbucks’ new CEO, Brian Niccol, has outlined a clear vision for improving the chain’s business in the United States before addressing issues abroad. In an open letter to customers, employees, and stakeholders, Niccol acknowledged the shortcomings of the company’s operations and expressed a commitment to improvement. He identified areas such as the barista experience, morning
The upcoming 2028 Olympics in Los Angeles are expected to be a significant event, following the success of the 2024 Olympics in Paris. Los Angeles Mayor Karen Bass expressed some concerns about the preparation for the Games, specifically highlighting the need to improve the city’s infrastructure to accommodate the influx of visitors. One major area
The recent U.S. presidential debate between Kamala Harris and Donald Trump had a noticeable impact on Asian currencies, with most of them gaining ground as the dollar retreated. One of the biggest beneficiaries of this trend was the Japanese yen, which saw increased safe-haven demand following the debate. The yen reached its strongest level since
JPMorgan Chase, the largest U.S. bank by assets, faced a significant setback on Tuesday when its shares fell by 5%. The decline was triggered by the bank’s president, Daniel Pinto, expressing concerns about the overly optimistic expectations for net interest income in 2025. While the bank expects to meet its 2024 target for NII of
MicroStrategy CEO Michael Saylor has gained notoriety for his bullish stance on Bitcoin. In a recent interview with CNBC, Saylor made a staggering prediction that Bitcoin is on track to reach a valuation of at least $13 million. This audacious statement by Saylor has once again stirred up excitement and debate within the cryptocurrency community.