Banks will struggle to generate profits even as the global economy recovers, IMF says
The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday.
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.
Deere sees sharp fall in annual profit as lockdowns sap demand
Deere & Co on Friday forecast a sharp fall in full-year profit as farmers and ranchers struggle to bring their goods to market because of coronavirus-led...
EasyJet founder loses bid to oust management in strategy showdown
EasyJet founder Stelios Haji-Ioannou failed in his attempt to oust the airline's top three bosses on Friday, giving it a brief respite in its battle for...
Many unemployed people aren't aware of all the relief they may qualify for during the pandemic
From easier credit card payment terms to personal loans, there's a host of financial relief many unemployed Americans may not be accessing.
Hong Kong tensions unnerve world stocks, oil tumbles
World stocks took a hit and the Chinese yuan weakened on Friday as Beijing moved to impose a new security law on Hong Kong after last...
Lufthansa bailout talks hit snag, drag on - Handelsblatt
Talks over a 9-billion euro German government bailout of Lufthansa have hit a snag and will continue over the weekend, a German newspaper reported on Friday.
France warns Renault could disappear; Nissan plans job cuts
Europe's car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn't get help...
EasyJet shareholders reject founder's proposals to oust key management
EasyJet on Friday said all four resolutions put forth by its founder Stelios Haji-Ioannou to oust key management were rejected by its shareholders, with nearly 60%...
EasyJet founder fails to oust management, proxy votes show
EasyJet said founder Stelios Haji-Ioannou had failed in his attempt to oust key management including the CEO, according to the initial results of a shareholder vote...
EasyJet founder loses bid to oust management in strategy row, proxy votes show
EasyJet said founder Stelios Haji-Ioannou had failed in his attempt to oust key management including the CEO, according to the initial results of a shareholder vote...
With remote work plan, Facebook dashes hopes of paycheck arbitrage
With Facebook's adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley's biggest companies from the place that incubated...
Futures retreat as Sino-U.S. tensions simmer
U.S. stock index futures retreated on Friday as growing tensions between Washington and Beijing added to fears of a slower recovery from a coronavirus-led recession.
Alibaba revenue, profit beat as online sales surge during lockdown
China's Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit on Friday, as the COVID-19 lockdowns drove more people to shop online for essentials.
Hedge funds increased exposure to growth favorites in first quarter: Goldman
Hedge funds concentrated their portfolios even further into growth stocks including Amazon.com Inc and Microsoft Corp in the first quarter of 2020 as the COVID-19 pandemic...
Wall Street flat amid Sino-U.S. tensions, economic uncertainty
U.S. stock indexes moved in a flat-to-low range on Friday as investors gauged Sino-U.S. tensions amid continued uncertainty over the pace of economic recovery from the...