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.
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.
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...
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...
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...
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.
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...
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.
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...
ECB expands pandemic support to over $1.5 trillion
The European Central Bank beefed up its bond-buying programme on Thursday in its latest effort to support a euro zone economy pummelled by more than two...
ECB gives another shot of stimulus as economy reels
The European Central Bank approved a bigger-than-expected expansion of its stimulus package on Thursday to prop up an economy plunged by the coronavirus pandemic into its...
Private equity investments may be coming to your 401(k)
The Labor Department is easing rules around certain 401(k) funds investing in private equity. Some think it could boost returns, while others believe it exposes investors...
From jobs to finances, here's how veterans can recover and even thrive during the Covid-19 crisis
Americans are hurting from the economic fallout of coronavirus pandemic, and military veterans are no exception.
HKEX says many U.S.-listed Chinese firms plan Hong Kong listings
Many U.S.-listed Chinese firms will likely list on the Hong Kong exchange this year, in part because of U.S. political pressure following China's new national security...
Tech stocks boost Nasdaq as recovery optimism prevails
A rally in tech shares drove the Nasdaq index higher on Thursday, with weekly jobless claims dipping below 2 million for the first time since mid-March...
For U.S. economy, the bottom may be here, but the rebound is slow so far
The U.S. economy may have hit its low point in the coronavirus crash but the rebound so far remains tepid, according to both broad indexes of...