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Latest News on private equity markets

Your financial advisor may not actually be an 'advisor'

An SEC rule is requiring many brokers, often referred to as financial or wealth advisors, to stop marketing themselves as "advisors" next month.

5 years ago

Two New England men are first to be charged with defrauding coronavirus small business aid program

The men allegedly fraudulently applied for more than $500,000 in assistance from the new CARES Act Payroll Protection Program, which is designed to help businesses affected by the coronavirus outbreak.

5 years ago

BMW cuts margin outlook for cars division, citing coronavirus woes

BMW lowered the outlook for the profitability of its automotive division, citing worse-than-expected demand which has been impacted by global measures to contain the coronavirus.



5 years ago

Wall Street jumps as healthcare shares rise, lockdowns ease

Wall Street's main indexes rallied on Tuesday as healthcare stocks jumped, oil prices surged and a number of countries and U.S. states eased coronavirus-induced restrictions in an attempt to revive their economies.



5 years ago

California sues Uber, Lyft over misclassifying drivers as contractors

California's attorney general on Tuesday sued Uber Technologies Inc and Lyft Inc for classifying its drivers improperly as independent contractors instead of employees, evading workplace protections and withholding worker benefits.



5 years ago

Capital Efficiency During Crisis: The Burn Multiple

MediumĀ  Craft Ventures | David Sacks | Apr 23, 2020 As the economic crisis deepens, capital efficiency becomes a more pressing issue for startups. Not only is it necessary to maximize runway, it also plays a larger role in how investors evaluate companies. While growth is always prized during good times or bad, investors increasingly

5 years ago

Coronavirus fraud: Two New England men are first to be charged with scamming small business loan program

The men are charged with fraudulently applying for more than $500,000 in assistance from the new CARES Act Payroll Protection Program, which is designed to help businesses affected by the coronavirus outbreak.

5 years ago

Airbnb to lay off 1,900 employees: sources

Home rental startup Airbnb Inc is planning to lay off 1,900 employees due to the impact of the coronavirus pandemic, two sources familiar with the matter told Reuters.



5 years ago

Young professionals risk financial burnout as they weather their first big crisis

Many Gen Z and millennial professionals have one question: Will I still have a job? Worrying about day-to-day expenses puts them at risk for financial burnout. And that could mean they neglect their long-term plans, particularly retirement savings.

5 years ago

Disney takes $1.4 billion coronavirus hit, sets date to reopen Shanghai park

Walt Disney Co estimated global coronavirus lockdowns cut profits by $1.4 billion, mostly from its shuttered theme parks, but said it would reopen Shanghai Disneyland next week.



5 years ago

Occidental posts loss on $1.4 billion charges, cuts budget again

Occidental Petroleum Corp on Tuesday reported that it swung to a loss in the first quarter on write downs, and the troubled oil producer cut its budget for the third time since March in response to the historic crash of oil prices.



5 years ago

Match quarterly revenue hit by slowing Tinder growth

Match Group Inc reported quarterly revenue that fell short of Wall Street estimates on Tuesday, hit by slowing growth in its popular dating app "Tinder" as fewer people signed up and paid for its premium features amid the COVID-19 pandemic.



5 years ago

Beyond Meat results beat, suspends 2020 forecast on COVID-19 concerns

Beyond Meat Inc reported better-than-expected quarterly results on Tuesday as it sold more of its plant-based meat products and cut costs on packaging and labor, sending its shares up 3% after the bell.



5 years ago

Airbnb cuts 1,900 jobs as coronavirus hits home rentals

Airbnb Inc is laying off 25% of its workforce, or nearly 1,300 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings global travel to a near standstill.



5 years ago

Exclusive: Lord & Taylor to liquidate its stores as soon as they reopen - sources

Venerable U.S. retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge, people familiar with the matter said on Tuesday.



5 years ago