It says the unit's resilience in tough times helped boost the company's second-quarter profit 22%. Oil prices are soaring. Home foreclosures are rampant. And many think a recession is at hand. So, where are people heading?
Citigroup's billions in losses could have been worse, so the Dow surges. But with recession likely, some investors question the market's resilience. Stocks powered ahead Friday, lifting the Dow index to a three-month high on growing optimism that the worst of the credit crisis is past.
