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Federal Reserve's Goolsby: Concerned that the market is trying to price in the benefits of artificial intelligence (AI) productivity before they have materialized.

2026-05-08

Federal Reserve's Goolsby: Concerned that the market is trying to price in the benefits of artificial intelligence (AI) productivity before they have materialized.

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2026-05-08

US MILITARY JUST CARRIED OUT STRIKES ON IRAN’S QESHM PORT AND BANDAR ABBAS -FOX NEWS

US MILITARY JUST CARRIED OUT STRIKES ON IRAN’S QESHM PORT AND BANDAR ABBAS -FOX NEWS
2026-05-08

Citigroup Inc. is expanding its foreign-exchange business into hedge funds and private-equity clients as global trading activity increases, according to FX trading head Flavio Figueiredo. The bank aims to deepen its presence in segments where penetra

Citigroup Inc. is expanding its foreign-exchange business into hedge funds and private-equity clients as global trading activity increases, according to FX trading head Flavio Figueiredo. The bank aims to deepen its presence in segments where penetration is currently low while maintaining strength in corporate and real-money flows, and plans to increase its FX sales and trading workforce by 4%–5% this year. Figueiredo said U.S. dollar positioning is broadly neutral, with expectations that investors may resume selling the dollar once the US-Iran war stabilizes, while carry trades remain active and could support demand for higher-yielding emerging-market currencies such as the Brazilian real, Mexican peso, South African rand, and Colombian peso.
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