U.S. services sector off 11-year trough; still contracting
U.S. services industry activity pushed off an 11-year low in May, but businesses appeared in no rush to rehire workers as they reopen, supporting views the...
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.
Saudi, Russia agree oil cuts extension, raise pressure for compliance
OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on...
Proposed law would guarantee refunds for flights canceled during pandemic
Five Democratic senators have proposed a law calling for airlines to refund cash for all canceled flights during the pandemic, whether a carrier canceled or a...
Trump administration to bar Chinese passenger carriers from flying to U.S.
President Donald Trump's administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to let...
Global shares, euro climb on robust risk appetite as lockdowns ease
A gauge of global equity markets rose and the euro gained against the dollar on Wednesday, both for a seventh session, in signs of strong risk...
The coronavirus crisis could have a lasting impact on the gender wage gap
Amid the coronavirus crisis, women have disproportionately cut back on job hours to care for their children, which could cause the gender wage gap to grow.
California sues Education Secretary DeVos for 'failing' to implement student loan forgiveness program
Ninety-nine percent of loan forgiveness applications under a congressionally mandated program were rejected between May 2018 and May 2019.
Deutsche Bank faces action from NY regulators over Epstein ties: sources
Deutsche Bank could face enforcement action by New York regulators investigating its ties to the late U.S. financier and accused sex offender Jeffrey Epstein, two sources...
France nears 1-billion-euro crisis fund for aero suppliers: sources
French government and industry officials are negotiating a 1-billion-euro, privately led investment fund for small aerospace suppliers in which major manufacturers could invest 200 million euros,...
Why Covid is your ticket to working by the beach
Sifted Marie Mawad Jun 2, 2020 If everyone’s working remotely, will Europe’s tech capitals lose to smaller hubs with lifestyle perks? Marseille for one is making...
SoftBank launches $100 mln fund investing in 'people of colour'
SoftBank Group Corp is launching a $100 million fund to invest in "companies led by founders and entrepreneurs of colour", in the latest corporate action as...
U.S. labor market stabilizing as layoffs abate
U.S. private payrolls fell less than expected in May, suggesting layoffs were abating as businesses reopen, though the overall economy's recovery from the COVID-19 pandemic will...
Global smartphone shipments to fall 12% this year on virus woes: IDC
Global smartphone shipments will fall nearly 12% to 1.2 billion units in 2020, market research firm IDC said on Wednesday, citing lower consumer spending due to...
There's a 'huge disconnect' between the stock market and economy. Here's why
The stock market has rallied 38% from its recent bottom in March, even as unemployment soars and near-term economic forecasts remain bleak.
California sues Education Secretary DeVos, saying she has failed to implement student loan forgiveness program
Ninety-nine percent of loan forgiveness applications under a congressionally mandated program were rejected between May 2018 and May 2019.