#citi

US Top News and Analysis | Amazon posted a blowout quarter. Why the Street says this is only the start of the stock's strong run AI generated summary, Read the full article for complete information. Amazon.com reported a strong first‑quarter earnings beat, posting $181.52 billion in revenue—above the $177.3 billion forecast—and earnings of $2.78 per share versus the $1.64 consensus estimate. AWS accelerated 28% quarter‑over‑quarter, driven by AI‑related workload shifts and its Trainium chip, while the company lifted its second‑quarter revenue outlook to $194‑199 billion. Although the stock initially rose more than 4% before retracing, analysts were upbeat: Barclays raised its target to $330, Citi to $285, Morgan Stanley to $330, Bernstein to $315, BofA to $310, Mizuho to $325, and Canaccord to $330, citing AWS’s AI‑driven growth, a robust retail business, expanding margins, and a strong backlog that position Amazon as a leading AI and e‑commerce player. Read more: https://www.cnbc.com/2026/04/30/amazon-had-a-blowout-quarter-the-street-sees-start-of-a-strong-run.html #Amazon #AWS #Barclays #Citi #MorganStanley #Microsoft #Alphabet #Meta #OpenAI #Mizuho #

US Top News and Analysis | Citi UK CEO: 'Phenomenal' market resilience is keeping recession risk at bay — for now AI generated summary, Read the full article for complete information. Citi UK CEO Tiina Lee told CNBC’s “Squawk Box Europe” that a recession is not her base‑case scenario and she expects global growth to stay fairly resilient through 2026, driven by a surprisingly strong U.S. economy and robust opportunities in AI, data‑infrastructure and energy, alongside record‑high M&A activity. While she warned that a prolonged Middle‑East conflict could push Brent crude above $120‑$150 a barrel and alter market dynamics, she remains confident in the durability of growth, noting North America as a crucial export market for multinational, especially Chinese, firms and highlighting the potential of UK‑China collaboration in clean‑energy, battery production and financial services. Read more: https://www.cnbc.com/2026/04/28/citi-tiina-lee-iran-recession-war-ai-data-energy-markets-economy.html #Citi #TiinaLee #NorthAmerica #ArtificialIntelligence