Citigroup Q1 Profit Beats View, But Revenues Miss

Citigroup Inc. (C) on Monday reported a 2 percent increase in profit for the first-quarter, driven by a reduction in expenses and a lower effective tax rate, partially offset by the lower revenues and higher cost of credit. But, revenues decreased 2% from the prior-year period. Quarterly earnings per share beat analysts’ estimates, while revenues missed their expectations. Citi Chief […]

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America’s Elderly Are Twice as Likely to Work Now Than in 1985

Just as single-income families began to vanish in the last century, many of America’s elderly are now forgoing retirement for the same reason: They don’t have enough money. Rickety social safety nets, inadequate retirement savings plans and sky high health-care costs are all conspiring to make the concept of leaving the workforce something to be more feared than desired. For the first time in […]

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Tesla investigating video of parked Model S exploding in Shanghai

SHANGHAI (Reuters) – U.S. electric vehicle (EV) maker Tesla Inc on Monday said it has sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding, the latest in a string of fire incidents involving Tesla’s cars. The video, time stamped Sunday evening and widely shared on China’s Twitter-like Weibo, shows […]

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Bond rebound suggests US growth has legs

Bond bears have been ascendant for most of April, and now they’re looking to a key batch of data to determine whether 10-year Treasury yields’ rebound from a 15-month low has legs. While the angst over a Chinese slowdown that drove last month’s bond rally has eased, questions linger about the global outlook as malaise in Europe persists. Please log […]

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Washington state lawmaker angers nurses after saying some ‘probably play cards’ in rural areas

A Washington state lawmaker is facing backlash from nurses — including multiple online petitions, one calling for her resignation — after saying nurses in smaller, rural hospitals may spend much of their time playing cards. Republican state Sen. Maureen Walsh made the comments last week during a debate on a bill proposing uninterrupted meal and rest breaks for nurses, as well as further protections against […]

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‘He comes out with so many novel ideas’

‘The trading community will be a priority for Modi when he forms the next government.’Subhayan Chakraborty and Nivedita Mookerji report. Five years ago, then Gujarat chief minister and the Bharatiya Janata Party’s prime ministerial candidate Narendra Damodardas Modi wooed traders from all across the country with the promise of trust, ease of doing business and a better tomorrow. On Friday, […]

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20 Highest Paid World Leaders

To identify 20 of the highest-paid leaders in the world, 24/7 Wall St. reviewed publicly available annual compensation figures, country websites, as well as data from organizations such as the International Monetary Fund and the CIA World Factbook. (Photo: Chip Somodevilla / Getty Images) We know it pays to be a CEO of Fortune 500 company — does it also pay to […]

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15 high-paying jobs for people who love to be outside

If your childhood dream was learning more about the planet or the animals and plants that inhabit it, there are dozens of jobs that will reward your curiosity in adulthood — and some come with a paycheck of more than $60,000 a year. That’s a nice salary for a role that offers the freedom to work outdoors, connections to the […]

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