Why some black-owned U.S. businesses are hardest hit by coronavirus shutdowns
After 15 years working as a hair stylist in other people's salons, Gary Connell opened his "Healthy Hair" studio in Montgomery County, Maryland in early March,...
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.
Advisory experts back P2P lending sector to become mainstream investment class
Peer2peer Finance News Michael Lloyd Jun 11, 2020 Advisory experts have backed the peer-to-peer lending sector to become a mainstream investment class after Covid-19. Mark Turner,...
Instant View: Powell: No U.S. growth recovery until epidemic controlled
A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve...
Americans appear ready to shop again
Dining out is among the first things consumers want to spend money as social distancing guidelines are lifted.
Apple's App Store, Apple Pay targeted by EU antitrust regulators
Apple on Tuesday found itself the target of two EU antitrust investigations into its App Store and Apple Pay as the bloc turned up the heat...
Lufthansa shareholder Thiele raps bailout deal, raises stake
German investor Heinz Hermann Thiele sharply criticised a 9-billion-euro ($10.14 billion) bailout deal for carrier Lufthansa , saying he had raised his stake in the group...
Oil prices rise as Wall Street rallies, demand improves
Oil prices rose on Tuesday as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped...
Dollar firm after retail sales jump fans recovery hopes
The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May, while risk-sensitive currencies were...
U.S. bank profits plunge 70% on coronavirus loss provisioning
U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic impact of...
U.S. economy starts long recovery as retail sales post record jump
U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that the...
Hilton to cut 2,100 corporate jobs globally
Hotel chain Hilton Worldwide Holdings Inc said on Tuesday it would cut 2,100 corporate roles globally in response to the coronavirus outbreak.
Asian business sentiment plunges to record low on virus effect: Thomson Reuters/INSEAD survey
Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/INSEAD survey found, with some two-thirds of the firms polled...
U.S. posts rule allowing U.S. companies to work with Huawei on standards
The U.S. Department of Commerce on Tuesday posted a new rule that allows U.S. companies to work with China's Huawei to develop standards for 5G and...
Oil falls on rise in U.S. crude stocks, virus resurgence fears
Oil prices retreated on Wednesday, weighed down by an increase in U.S. crude inventories and worries about a potential second wave of the coronavirus pandemic.
Volkswagen to pay $267 million for Audi buyout
Volkswagen will pay a 48% premium to buy out the minority shareholders of premium division Audi , Audi said on Tuesday.