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Latest News on private equity markets

Here's why holding individual stocks can come back to hurt you

Depending on how much you're holding of any one stock, the current market rout could serve as a reminder that diversification matters. It also may be time to cut your losses.

4 years ago

Fed Chair Powell spoke with Trump as central bank geared up for virus response

Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in February, calendars released on Friday show, including a brief call during the last week of the month when it was becoming clearer that the coronavirus would likely have more than a transitory effect on the U.S. economy.



4 years ago

Bank of America says 58,000 small businesses have asked for $6 billion in loans since 9 a.m.

The U.S. has asked banks to help it dole out at least $350 billion in loans to small businesses, part of the $2 trillion coronavirus stimulus law.

4 years ago

Applications OPEN: UNCDF Announces Gig Economy Challenge – Driving Financial Health for Gig Workers

UNCDF | Jia Wei Khor | April 2, 2020 APEC Malaysia, Bank Negara Malaysia (BNM), Malaysia Digital Economy Corporation (MDEC) and United Nations Capital Development Fund (UNCDF) launched the Gig Economy Challenge. The challenge is funded by MetLife Foundation through the i3 (Innovate, Implement and Impact) program. In light of COVID-19, gig workers are likely

4 years ago

OPEC+ debates biggest-ever oil cut as pandemic crushes demand

OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply, an OPEC source said, after the U.S. president called on producers to stop the market rout caused by the coronavirus pandemic.



4 years ago

Constellation Brands says Mexico breweries still running amid coronavirus outbreak

Constellation Brands Inc , the U.S. distributor of Corona beer, said on Friday its Mexican breweries were still operational and supply to the United States was intact even as rivals suspended production due to the coronavirus pandemic.



4 years ago

CCI tells feds emergency wage subsidy must be expanded to support Canadian tech

Betakit | Meagan Simpson | April 2, 2020 The Council of Canadian Innovators (CCI) and its members are calling on the federal government to make adjustments to the 75 percent emergency wage subsidy, arguing that it does little to support Canada’s tech sector. The CCI is recommending that the government expand the eligibility criteria for

4 years ago

Exclusive: Amazon to delay Prime Day sales event due to coronavirus

Amazon.com Inc is postponing its major summer shopping event Prime Day at least until August and expects potentially a $100 million hit from excess devices it may now have to sell at a discount, according to internal meeting notes seen by Reuters.



4 years ago

3M warns against Trump's order to limit face mask exports

3M Co said on Friday it would make more face masks for the United States to fight the coronavirus pandemic, but warned of the "humanitarian implications" of limiting supply to other countries as President Donald Trump directed.



4 years ago

Hedge fund Glenview off 30% as coronavirus weighs on portfolio

Glenview Capital Management, the hedge fund run by Larry Robbins, has lost roughly 30% in the first three months of 2020 as the spread of the new coronavirus hurt the healthcare facilities and hospital operators the firm has invested in.



4 years ago

Cisco's Webex draws record 324 million users in March

Cisco Systems Inc's video-conferencing app Webex registered a record 324 million attendees in March, with usage more than doubling in the Americas, as the coronavirus-led lockdowns forced businesses to have employees work from home.



4 years ago

Do I need to file a tax return to get a coronavirus stimulus check? Here are answers to more of your top questions

Coronavirus stimulus checks are coming. Do I need to do anything to get paid? Here's what we know so far about delivery dates, who should file with the IRS now and who is and isn't eligible for financial relief.

4 years ago

Russia says U.S. has legal curbs on oil output cuts, but should be flexible

Russian Energy Minister Alexander Novak said on Friday that the United States has legal restrictions on oil output cuts, but the country should be flexible with them, RIA news agency reported.



4 years ago

Richmond Fed's Barkin: Employment numbers to get worse before getting better

U.S. employment numbers will get worse amid the ongoing coronavirus outbreak before getting better, Richmond Federal Reserve President Thomas Barkin said in an interview with Bloomberg News.



4 years ago

Wall Street falls as coronavirus cuts into U.S. payrolls

Wall Street's main indexes fell on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, leaving little doubt that the economy is in a recession.



4 years ago