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...
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.
Bank of America to pay $7.23 million after overcharging mutual fund customers: FINRA
Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged customers on mutual funds.
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.
Uber Eats features black-owned restaurants on U.S., Canadian delivery platform
Uber Technologies Inc on Thursday launched a feature on its food delivery app Uber Eats that allows customers in the United States and Canada to order...
Good news for small businesses as Senate passes PPP reform bill
The Paycheck Protection Program Flexibility Act, which passed in the Senate on Wednesday, eases loan forgiveness rules for small-business owners.
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.
Wall Street opens lower as rally loses steam
U.S. stocks opened lower on Thursday as a rally fueled by hopes of an economic rebound from a coronavirus-led downturn ran out of steam even with...
U.S. new weekly jobless claims seen falling below 2 million
The number of Americans filing for unemployment benefits likely dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as...
American Airlines seeing slow but steady rise in domestic demand
American Airlines Group Inc said on Thursday it was seeing a slow but steady rise in domestic demand, as coronavirus-led lockdowns start to ease.
Fintech Firms Fight Friction To Disrupt Banks
Forbes Roger Dooley Jun 1, 2020 Who is the biggest mortgage lender in the U.S.? If you guessed Wells Fargo, JP Morgan Chase, or Bank of...
Tesla's Elon Musk calls for breakup of Amazon in tweet
Telsa Inc Chief Executive Elon Musk on Thursday called for Amazon.com Inc to be broken up.
Pompeo calls Nasdaq's strict rules a model to guard against fraudulent Chinese companies
U.S. Secretary of State Mike Pompeo on Thursday warned American investors against 'fraudulent' accounting practices of China-based companies and said the Nasdaq's recent decision to tighten...
ECB sends euro higher, stocks struggle with fatigue
World markets swung between hope and caution on Thursday as a another shot of European Central Bank stimulus was offset by still-troublesome U.S. data and general...
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,...
Bank of America to pay $7.23 million for mutual fund overcharges: FINRA
Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged customers on mutual funds.