Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending
Publishing timestamp: 2024-05-06 15:45:25
Summary
Citigroup CEO Jane Fraser discusses how consumer behavior has diverged due to inflation, with affluent consumers continuing to spend while lower-income Americans are more cautious. The stock market is waiting to see when the Federal Reserve will ease interest rates. Warren Buffett's stock portfolio is heavily invested in 5 stocks. Bank of America recommends a shoe stock as an inflation winner. Morgan Stanley shares its top picks for quarterly earnings. A fund manager warns that Tesla's price cuts could lead to a "huge demand problem" in the future. Gundlach predicts one rate cut this year as the Fed continues to fight inflation.
Sentiment: MIXED
Tickers: C,
Keywords: business news, breaking news: investing, citigroup inc, breaking news: markets, banks, investment strategy, breakingnewsglobal,