{ }
Symbol CTRN
Name Citi Trends, Inc.
Currency USD
Sector Consumer Discretionary
IndustryGroup Consumer Durables & Apparel
Industry Textiles, Apparel & Luxury Goods
Market NASDAQ Global Select
Country United States
State GA
City Savannah
Zipcode 31408
Website http://www.cititrends.com
American Airlines has finalized a credit card partnership with Citigroup, ending its relationship with Barclays. The airline anticipates a 10% annual growth in payments from co-branded credit card deals, which generated $5.6 billion in the past year. Transitioning of Barclays cardholders to Citi will begin in 2026, with Citi also managing credit card promotions.
TKO Group, which owns UFC and WWE, is focused on integrating recent acquisitions and enhancing fan experiences, emphasizing the need for "super access" to athletes. Despite initial market skepticism over its $3.25bn acquisition of IMG and other assets, TKO aims to leverage these for growth, with expectations of generating $2.57bn to $2.65bn in revenue this year. As UFC prepares for crucial media rights negotiations, the company sees a long-term future with ESPN and Disney while acknowledging interest from rival broadcasters.
Capitolis has secured $20 million in strategic investments from Citi, Morgan Stanley, State Street, and UBS, with each bank contributing $5 million. This funding will support the growth of Capitolis’ Capital Marketplace and Portfolio Optimization businesses, enhancing its role as a key partner in the financial industry. CEO Gil Mandelzis highlighted the company's commitment to making financial markets safer and stronger through close collaboration with leading banks.
Tata Motors faces challenges as UBS maintains a 'sell' rating with a price target of Rs 780, citing concerns over Jaguar Land Rover's overly optimistic medium-term outlook amid global premium auto market difficulties. Meanwhile, Citi has suspended its rating, leaving investors uncertain. UBS highlights risks in JLR's ambitious all-electric plans, referencing setbacks from competitors and Jaguar's declining brand image as significant hurdles in becoming a super-premium EV player.
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