Today: 6 July 2026

Khadija Saeed

Khadija Saeed is a financial markets reporter at TS2.tech, specializing in stocks, technology and emerging industries. She studied economics and finance at the London School of Economics and previously worked in market research before moving into financial journalism. Her coverage focuses on the companies, innovations and economic trends influencing global investors.

Citigroup CEO Jane Fraser’s blunt memo puts Citi job cuts and AI overhaul back in focus

Citigroup CEO Jane Fraser’s blunt memo puts Citi job cuts and AI overhaul back in focus

Citigroup CEO Jane Fraser told employees the bank will be “judged on our results” and flagged that automation and AI — artificial intelligence software that automates tasks — will reshape jobs firmwide, according to an internal memo. Citi plans to cut roughly 1,000 jobs this week, part of a broader effort to slash up to 20,000 positions by the end of 2026 and achieve $2.5 billion in cost savings. The update came shortly after Citi released its full-year 2025 results and flagged what investors should focus on next. In a filing, Fraser said Citi steps into 2026 with “visible momentum” and aims to hit a 10% to 11% return on tangible common equity — a key profitability measure excluding goodwill and other intangibles.
16 January 2026
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Costco stock edges higher after-hours after board declares $1.30 dividend

Costco stock edges higher after-hours after board declares $1.30 dividend

NEW YORK, Jan 15, 2026, 18:59 EST — After-hours Costco Wholesale Corp shares ticked up 0.6% to $956.75 in after-hours trading Thursday, after fluctuating between $946.55 and $958.29 earlier. About 2.2 million shares changed hands. The warehouse club announced its board declared a quarterly cash dividend of $1.30 per share, payable Feb. 13 to shareholders of record on Jan. 30.
16 January 2026
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Morgan Stanley stock jumps after earnings beat as dealmaking fees surge

Morgan Stanley stock jumps after earnings beat as dealmaking fees surge

New York, January 15, 2026, 18:14 — Post-market trading Morgan Stanley shares rose 5.8% to $191.23 after U.S. markets closed Thursday, following better-than-expected fourth-quarter profits driven by stronger dealmaking. Investment banking revenue surged 47% to $2.41 billion. CFO Sharon Yeshaya told Reuters she sees an “accelerating pipeline” in M&A and IPOs — mergers and acquisitions and initial public offerings. The stock has climbed about 41% in 2025, trailing Goldman Sachs but outpacing the S&P 500.
16 January 2026
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Stock Market Today

  • SK Hynix to List $28 Billion in ADRs on Nasdaq as AI Chip Demand Lifts Shares
    July 5, 2026, 10:56 PM EDT. SK Hynix is listing $28 billion of American Depository Receipts on Nasdaq, offering 17.79 million ADRs at 0.1 share each. The South Korean chipmaker is looking to ride booming demand in the global AI market. Shares have soared 273% this year. SK Hynix, which sells high-bandwidth memory to Nvidia and Google, sets final pricing Thursday and is expected to start trading on Friday. This is the second largest globally after SpaceX's $85.7 billion IPO. The company said it plans $64.38 billion for new chip plants, including NAND flash, as South Korea pushes harder into AI.
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