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Citi closes sale of 25% stake in Banamex to Mexican billionaire Chico Pardo

Citigroup has completed the sale of a 25% stake in Grupo Financiero Banamex to Mexican billionaire Fernando Chico Pardo. This move aligns with Citi's strategy to divest its Mexican retail bank. Chico Pardo is now the chairman of Banamex. Citi still plans an IPO for its Mexican retail unit, subject to market conditions and regulatory approvals.

Reuters·
US
C
+0.89%
Reuters·
US
C
+0.89%

IBM unleashes CUGA, an open-source AI agent that actually completes more than half its tasks

IBM has released CUGA, an open-source AI agent designed to automate complex enterprise workflows, achieving a 61.7% success rate on web tasks and 48.2% on API tasks. Despite skepticism about agent safety and business value, IBM aims to enhance automation. CUGA, offered under an Apache 2.0 license, integrates with Langflow and supports various open models. However, challenges remain, such as occasional run loop issues. The agent's performance is considered top-tier among current AI agents, despite not using IBM's own WebAgentBench for evaluation.

The Register·
US
IBM
-0.19%
The Register·
US
IBM
-0.19%

Two Fed officials who rarely agree both say inflation will not be a problem going forward

Two Federal Reserve officials, Stephen Miran and John Williams, agree that inflation will not be a problem in the coming months. They believe inflation will cool, with Williams predicting it will drop to just under 2.5% next year. Miran argues for more rate cuts due to a weakening labor market, while Williams sees monetary policy as well-positioned. Both officials downplay the impact of tariffs on inflation. The Fed recently cut interest rates amid concerns over the job market.

Dow Jones·
US
WMB
-0.44%
Dow Jones·
US
WMB
-0.44%

Citigroup posts credit card charge-offs 2.11% in November

Citigroup posts credit card charge-offs 2.11% in November

marketscreener·
US
C
+0.89%
marketscreener·
US
C
+0.89%

Behind the Scenes of IBM's Latest Options Trends

Deep-pocketed investors are showing a bullish trend towards IBM, with 55% leaning bullish and 37% bearish. Benzinga's options scanner highlighted 27 significant options activities, with a predicted price range of $150 to $350. IBM's trading volume is 1,297,762, with a slight price increase to $309.3. Analysts have mixed ratings, with target prices ranging from $325 to $360. Options trading is highlighted as riskier but potentially more profitable. Benzinga Pro offers real-time options trade alerts for IBM.

benzinga_article·
US
IBM
-0.19%
benzinga_article·
US
IBM
-0.19%
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