Citigroup is teaming with Coinbase to develop digital asset payment capabilities for institutional clients. This partnership represents a major shift in how traditional banks approach cryptocurrency and blockchain technology.
Texas Instruments reported weaker-than-expected quarterly results and provided disappointing guidance, sending shares down over 6%. Wall Street analysts responded with divided views, with some seeing a buying opportunity while others anticipate further declines.
Texas Instruments reportedly fell short of earnings expectations and provided disappointing fourth-quarter guidance, according to recent financial reports. The chipmaker’s shares dropped approximately 6.5% on Wednesday, marking their worst performance since July, after the company announced earnings per share of $1.48 for the previous quarter, slightly below the $1.49 consensus estimate. Sources indicate the company’s fourth-quarter EPS guidance range of $1.13 to $1.39 also came in below analysts’ expectations of around $1.41 per share.
Corporate treasury departments are increasingly embracing generative AI despite significant data quality challenges, according to a new Citi report. The study reveals nearly 60% of treasurers have identified practical AI applications, with 40% planning investment increases within two years. However, fragmented data remains the primary barrier to effective implementation.
Corporate treasury departments worldwide are accelerating their adoption of artificial intelligence technologies, particularly generative AI, according to recent analysis from Citi. The banking giant’s global survey of 75 corporate treasuries across multiple industries and regions indicates a clear directional shift toward AI integration despite ongoing implementation challenges.
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