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Citi s $7 Billion Banamex Sale Scuttled After AMLO Intervenes

Citigroup Inc. spent 16 months preparing its Banamex unit for a sale that ultimately fizzled after meddling by Mexican President Andres Manuel Lopez Obrador.…

AI Darling Criticized for Product Delays, Founder Tom Siebel s Micromanaging

The AI hype cycle has birthed innumerable boosters. An unlikely member of this group is Silicon Valley billionaire Tom Siebel. • None Apple Plans to Turn…

Investors Should Prepare for Dividend Stock Rebound, Goldman Strategists Say

Companies that pay rich dividends have been stock-market laggards this year as investors piled into growth-oriented tech giants but that’s about to change,…

First Republic s $35 Million Banker Outearned JPMorgan s Dimon Before Bust

First Republic Bank made its name catering to wealthy clients across California and New York, reeling in many with unusually sweet mortgages that eventually…

Oil Falls as Russia Says OPEC+ to Hold Steady, Stronger Dollar

Oil’s three-day rally hit a wall after Russia downplayed the likelihood of another OPEC+ production cut. • None Apple Plans to Turn Locked iPhones Into Smart…

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