Citigroup is closing a secretive $1 billion principal-investing desk as Wall Street grapples with competition from private-equity firms

Citi Credit Opportunities, which had $1 billion in firepower to make middle-market loans, is being absorbed into the bank's broader financing operation.

August 13, 2019   |   View Online »

Citigroup is closing a secretive $1 billion principal-investing desk as Wall Street grapples with competition from private-equity firms Alex Morrell,Dakin Campbell | Citi Credit Opportunities, which had $1 billion in firepower to make middle-market loans, is being absorbed into the bank's broader financing operation. Read More »

'We see everything that happens': 5 real estate execs explain why data is changing how we live and work Alex Nicoll | As incumbent and startup real-estate companies digitize a paper industry, this data will change our lives. Leading executives give their views. Read More »

IBM is using its AI star Watson to pinpoint salaries and coach employees. Here are 9 robot tools that could one day find their way to your office. Richard Feloni | From assessing skills to determining salaries, IBM is using artificial intelligence to change the way workers and managers do their jobs. Read More »

GOLDMAN SACHS: Here are 10 stocks to buy — and 10 to avoid — as Trump's trade war rages on Marley Jay | Goldman's chief US equity strategist says a key distinction lies between firms that offer services, and those that produce goods. Read More »

'We're going back to QE, and we're going into recession': Peter Schiff thinks the air is already coming out of the bubble — and has a stark warning for investors Christopher Competiello | Peter Schiff, the president and CEO of Euro Pacific Capital, thinks the Federal Reserve's efforts to save the US economy are futile. Read More »

Ad agencies are building brands around everything from yoga equipment and cookware to CBD-infused drinks to crack the direct-to-consumer market Tanya Dua | While launching their own DTC brands enables agencies to expand their revenues, not everyone is convinced that they can create long-lasting companies. Read More »

We got a look at the pitch deck of buzzy Silicon Valley health-tech startup Sempre Health. It reveals how a $4 billion industry is ripe for disruption. Emma Court | Startup Sempre Health has raised $10.5 million to take aim at a well-known problem with people and their pills: they don't always take them. Read More »

Here are the 5 biggest questions facing WeWork as it prepares for its IPO Troy Wolverton | The company is the biggest startup to head for the public markets since Uber. But it has a lot of concerns hanging over it. Read More »

Facebook warns its marketing partners against scraping after a startup was caught saving millions of users' data Rob Price | Hyp3r harvested millions of Instagram users' data, tracked their locations, and saved their Stories. Read More »

Founders and investors whose startups died reveal the traps that killed their companies — and what you can do to avoid them Shana Lebowitz,Sherin Shibu | Most startups fail — but it's not always clear why. We asked founders and investors whose companies have died how to avoid common pitfalls. Read More »

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