Ferrari slowed by coronavirus, but not driven off course
Luxury sports car maker Ferrari still expects to make more than $1 billion in core profit this year, providing a relative beacon of stability in an...
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.
Cramer says Trump can't raise tariffs on China with 30 million unemployed: 'That is 1932'
Cramer warned that the U.S. economy may be too weak to handle another trade spat with China and discouraged Trump from imposing new tariffs.
Challenger banks’ app downloads slump by 23.38% amid pandemic
Finbold Oliver Scott Apr 29, 2020 Leading challenger banks have witnessed a significant drop in the number of new app downloads in the wake of the...
How Citi and Flywire sped payments to get PPE from China to Boston
Payment Source John Adams May 4, 2020 The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the...
Banks baffle investors as art meets science in accounting rule
Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world's top banks are calculating their potential losses also differs widely,...
Crude prices mixed as lockdowns ease, U.S.-China tensions threaten demand
Oil prices were mixed on Monday as countries started to ease coronavirus lockdowns, though a fresh spat between the United States and China over the origin...
Stocks fall as U.S.-China tensions threaten rebound
Global stock markets fell on Monday on concerns U.S.-Chinese bickering over the origin of the coronavirus outbreak will ignite a new trade war, speculation that strengthened...
U.S. airline shares tumble as Buffett sell-off adds to worries
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway offloaded its entire stake in the carriers last...
GE Aviation to cut workforce by up to 13,000 jobs, or 25%
General Electric Co said on Monday it was planning to cut the global workforce of its aviation unit this year by as much as 25%, or...
S&P 500, Dow dip as Buffett dumps airlines, China tensions flare
The S&P 500 and Dow Jones indexes retreated on Monday following a U.S.-China spat about the origins of the coronavirus outbreak, while major carriers slumped after...
Coronavirus puts brakes on sports car maker Ferrari
Luxury sports car maker Ferrari cut its 2020 core profit forecast on Monday due to disruption caused by the coronavirus pandemic, which it said would mainly...
Norwegian Air gets $1 billion rescue after financial cliffhanger
Norwegian Air shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt...
Tyson Foods says coronavirus will continue to limit U.S. meat supply
Tyson Foods Inc expects to continue idling meat plants and slowing production because of the new coronavirus, the company said on Monday, signaling more disruptions to...
GE plans to cut aviation workforce by as much as 25% in 2020
General Electric Co said on Monday it was planning to cut its global workforce in the aviation unit by as much as 25% this year, including...
Jim Cramer says Buffett's sale of airline stocks makes him 'very concerned about the near term'
Cramer said that he viewed Buffett bailing on airlines as a sign that there were serious issues in the broader economy.