Wells Fargo investment adviser to sell feeder fund platform to iCapital
Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
These Gen Z influencers give their spending a radical makeover
Gen Z money pros are quick to roll with the times financially, which is typical of a generation that has already lived through the Great Recession...
Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a...
Wirecard scrambles to find missing $2.1 billion as loan crunch looms
Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments...
Wall Street opens lower on rising virus cases, elevated jobless claims
U.S. stocks fell at the open on Thursday as an uptick in COVID-19 infections in the United States threatened to upend bets of a swift economic...
Factbox: German payments firm Wirecard and its missing billions
Billions of euros of loans to Wirecard could be called in as early as Friday after the German payments company said its auditor had refused to...
Cash flows into U.S. growth funds surge, value funds see outflows
U.S. investors have ramped up investments in growth funds over the past few months on expectations of higher returns and safety, while they dumped value funds...
Oil prices tick up as drop in U.S. product stocks encourages bulls
Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies...
KKR buys vacation parks firm Roompot in $1.1 billion deal
U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot from French private equity firm PAI...
IMF says deeper-than-expected contraction in U.S. economy likely in second quarter
A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in...
Prudential sells Jackson equity stake to Apollo-backed Athene for $500 million
Prudential sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first...
S&P 500, Dow dip on rising virus cases, elevated jobless claims
The S&P 500 and Dow retreated on Thursday as an uptick in coronavirus infections in parts of the United States threatened to upend bets of a...
Dollar and yen gain on worries about virus and economic outlook
The dollar and the yen edged higher on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for both currencies.
Oil prices fall on demand concerns as coronavirus cases rise
Oil prices fell around 2% on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that people would stay...
Google releases new ad features to help small businesses
Alphabet Inc's Google on Wednesday introduced new advertising features intended to help local businesses get more customers and recover from the coronavirus pandemic.