Investors Cheer Citi Jobs Cuts, Push Stock Higher
Dec. 5 (Bloomberg) -- Bloomberg's Dominic Chu reports that investors are reacting positively to Citigroup's announcement of 11,000 job cuts while taking a $1 billion fourth-quarter charge and looks at the company's warning to investors on SAC Capital. He speaks on Bloomberg television's "Money Moves."
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Yellen: Prudent to Adjust Policy Gradually Over Time
32:41 - Federal Reserve Chair Janet Yellen speaks about the state of the U.S. economy during a speech at the Stanford Institute for Economic Policy Research in California. (Source: Bloomberg)