Daimler warns of difficult second quarter, hikes risk provisions
Daimler on Wednesday warned the carmaker faces a difficult second quarter as it hiked credit risk provisions to anticipate rising delinquencies among customers who leased or...
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.
Tesla's Elon Musk calling coronavirus lockdowns 'fascist' overshadows profitable quarter
Tesla Inc's outspoken CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions to curtail the coronavirus outbreak "fascist" as the electric carmaker posted its third...
Fevertree Drinks co-founder to step down as non-executive deputy chairman
Britain's Fevertree Drinks said on Wednesday co-founder Charles Rolls plans to step down from his role as non-executive deputy chairman at the company's annual general meeting...
Microsoft revenue beats as remote work boosts Teams
Microsoft Corp on Wednesday beat Wall Street sales and profit expectations, powered by sharp demand for its Teams chat and online meeting app and Xbox gaming...
Facebook sees 'signs of stability' in ad spending after coronavirus drop
Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday and said it has seen "signs of stability" for sales in April after a plunge in...
Asian stocks set to track U.S. gains as virus treatment hopes lift confidence
Asian equity markets were poised to gain on Thursday, tracking Wall Street's rally after positive trial results of an experimental COVID-19 treatment, a U.S. Federal Reserve...
Tesla's Elon Musk calls coronavirus lockdowns 'fascist' as profit streak continues
Tesla Inc's outspoken CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions to curtail the coronavirus outbreak "fascist" as the electric carmaker posted its third...
VW, Toyota delay U.S. production restart, citing supplier concerns
Volkswagen AG and Toyota Motor Corp said on Wednesday they will delay restarting U.S. production amid the coronavirus pandemic and concerns about the automotive supply network.
StanChart eyes quick recovery as profit falls 12% on coronavirus crisis
Standard Chartered PLC's first-quarter profit tumbled 12% on increased credit impairment and provisions for future loan losses as the coronavirus crisis hammered its borrowers, even as...
Podcast: When Currencies Fail: A Primer on the Dollar Crisis in Lebanon
Coindesk Nathaniel Whittemore Apr 29, 2020 A massive shortage of dollars is instigating economic chaos, including a more than 50% loss of value in the Lebanese...
Wall Street rallies on promising coronavirus drug
U.S. stocks surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words...
Tesla's profit streak not derailed by coronavirus as auto industry braces for losses
Tesla Inc on Wednesday posted its third quarterly profit in a row, but said the novel coronavirus was hurting deliveries and lockdown restrictions made it impossible...
Facebook, beating revenue estimates, sees signs of stability in ad spending
Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday and said it has seen "signs of stability" for sales in April after a plunge in...
Microsoft revenue beats as remote work feeds cloud demand, boosts Teams
Microsoft Corp reported quarterly revenue above Wall Street estimates on Wednesday, boosted by higher demand for its cloud platform Azure and collaboration app Teams, and as...
Fed likely to renew vow to use all tools to brace economy
The Federal Reserve, which has pumped trillions in emergency funding into U.S. financial markets to stem the damage from the coronavirus pandemic, is expected on Wednesday...