Oil prices steady as market awaits clarity on OPEC+ output cuts
Oil prices were little changed on Thursday as investors awaited a decision from top crude producers on whether to extend record output cuts.
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.
Explainer: No one really knows how many Americans need unemployment benefits
Another 1.9 million people filed for unemployment benefits for the first time last week, according to data released by the Labor Department on Thursday, marking 11...
Wall Street ends four-day rally in advance of May jobs report
Wall Street retreated on Thursday as investors hit the pause button in advance of Friday's jobs report, capping a four-day rally driven by rising economic sentiment.
ECB sends euro higher, stocks pause after week-long rally
The euro jumped to a 12-week high against the dollar on Thursday after another shot of European Central Bank stimulus to help economies slammed by the...
Slack withdraws billings forecast on COVID-19 uncertainty
Slack Technologies Inc on Thursday withdrew its forecast for 2021 billings citing uncertainty driven by the COVID-19 pandemic, sending shares down 16% after market hours.
Gap reports huge first-quarter loss on coronavirus-led store closures
Gap Inc on Thursday reported a whopping first-quarter loss of $932 million as the apparel retailer wrote down the value of some assets due to coronavirus-driven...
American Airlines soars 41% as plan to add July flights sparks relief rally
American Airlines Group Inc shares jumped more than 40% on Thursday after announcing a big boost to U.S. flights next month following dramatic cuts caused by...
Broadcom's revenue forecast disappoints on weakness in chip business
Broadcom Inc on Thursday forecast current-quarter revenue, the mid-point of which was slightly below Wall Street estimates as its chip business was weighed down by the...
S&P 500 closes down, snapping four-day rally
The S&P 500 lost ground on Thursday as investors took profits in advance of Friday's jobs report, ending a four-day rally driven by rising economic sentiment.
U.S. to revise Chinese passenger airline ban after Beijing move
The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue,...
American Airlines announces 14 officer departures, memos show
American Airlines Group Inc told employees on Thursday that 14 officers will be as leaving the company as part of leadership changes in which another five...
Banks Took $11 Billion in Overdraft Fees in 2019, Group Says
The New York Times Mary Williams Walsh Jun 3, 2020 More than 80 percent of the fees were paid by just 9 percent of account holders,...
Slack revenue growth fails to impress; scraps billings outlook
Slack Technologies Inc on Thursday withdrew its 2021 billing outlook and reported a 50% jump in quarterly sales that failed to surpass lofty investor expectations driven...
More than half of students probably can't afford college due to Covid-19
The majority of students and their families now say the coronavirus crisis has impacted their ability to pay for school, according to several reports.
Luxury carmaker Bentley to cut about 1,000 jobs in UK amid virus outbreak: BBC
Luxury carmaker Bentley is cutting about 1,000 jobs in the United Kingdom amid the ongoing coronavirus outbreak, the BBC reported late on Thursday.