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Latest News on private equity markets

Oil dips on doubts over output cuts, crude glut woes

Oil edged lower on Tuesday on uncertainty over whether the world's biggest producers would agree to cut output in the face of a swelling crude oil glut as fuel demand has been hammered during the coronavirus pandemic.



4 years ago

TJX to furlough most of about 286,000 staff as stores stay shut amid pandemic

Off-price retailer TJX Companies Inc said on Tuesday it would furlough most of the employees at its stores and distribution centers, as outlets remain closed to curb the spread of the coronavirus.



4 years ago

Investors await data on coronavirus drugs as market rally builds

Clinical data on potential treatments for the new coronavirus could help sustain a market bounce that has buoyed stocks after last month's plunge, as investors look for signs that authorities may be able to stabilize the pandemic.



4 years ago

White House to hold call with banks as hundreds struggle to access small business loans

The White House was due to speak with banks on Tuesday, as the administration's $350 billion program to support ailing businesses continued to confront hurdles, with some of the nation's largest lenders sitting on the sidelines and others unable to access the system.



4 years ago

Trump administration seeks $250 billion more in aid for small U.S. businesses: Mnuchin

The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the coronavirus pandemic, as Senate Majority Leader Mitch McConnell pushed for passage as soon as Thursday.



4 years ago

Mnuchin seeks additional $250 billion in small business relief from Congress by Friday

Treasury Secretary Steven Mnuchin said on Tuesday he wants Congress to approve an additional $250 billion for a small business relief program by Friday.



4 years ago

Small U.S. businesses were already struggling. Then coronavirus hit

Many small businesses were struggling with funding shortfalls and financial challenges even before the coronavirus pandemic hit, leaving them with little cash on hand to weather the slowdown caused by the virus, according to data released by the Federal Reserve on Tuesday.



4 years ago

U.S. SEC issues compliance focus areas for brokers before new rules take effect

The head of the examination office at the U.S. Securities and Exchange Commission (SEC) on Tuesday published details about the expected scope and content for compliance with a new rule requiring broker-dealers and investment advisers to disclose potential conflicts of interest.



4 years ago

Oil drops on growing crude glut, doubts over output cuts

Oil slumped on Tuesday in the face of swelling crude supplies and weak fuel demand due to the coronavirus pandemic, while investors also grew cautious over expectations that the world's biggest producers would quickly agree on output cuts.



4 years ago

WeWork sues SoftBank for dropping $3 billion tender offer

A WeWork board committee that negotiated a $3 billion tender offer with SoftBank Group sued the Japanese conglomerate on Tuesday for abandoning the deal, accusing it of succumbing to "buyer's remorse" amid the novel coronavirus outbreak.



4 years ago

U.S. banking regulators encourage 'prudent efforts' by banks to help borrowers

U.S. banks should feel welcome to pursue "prudent efforts" to help borrowers impacted by the coronavirus pandemic, according to a new joint statement issued by banking regulators Tuesday.



4 years ago

Hopes of coronavirus slowdown lift Wall Street

Wall Street rose on Tuesday on tentative early signs that coronavirus outbreaks in some of the biggest U.S. hot spots may be plateauing, with New York's governor saying social distancing measures to curb the spread of the virus were working.



4 years ago

Jobless Americans to see extra payments as soon as this week

Americans who have lost their jobs due to the new coronavirus will start getting enhanced jobless benefits as soon as this week as states deploy hundreds of billions of dollars in federal aid, state officials said on Tuesday.



4 years ago

Mexico asks U.S., Canada to grant automakers transition for USMCA rules

Mexico's government on Tuesday asked the United States and Canada to grant its automotive industry extra time to adapt its supply chains as the deadline for implementing a new North American trade deal approaches.



4 years ago

Hopes of progress against virus lift stocks; dollar falls

World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors' appetite for risk.



4 years ago