Leon Cooperman says the coronavirus crisis will change capitalism forever and taxes have to go up
The Omega Family Office chairman and CEO said on CNBC's "Squawk Box" that taxes will need to go up regardless of who wins the upcoming presidential...
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.
Millions of Americans join unemployed ranks as coronavirus ravages economy
A stunning 26.5 million Americans have sought unemployment benefits over the last five weeks, confirming that all the jobs gained during the longest employment boom in...
Empty kitchens, closed stores: Small China firms struggle to cope with epidemic fallout
Ma Xinli has shut four of his clothing stores and expects to close another three by mid-June. Unsold winter stock is now hard to sell, there's...
Have old tax bills with the IRS? Why you should pay them immediately
Yes, Uncle Sam gave you more time to pay those 2019 taxes and submit last year's returns. However, there's no reprieve for people who owe from...
U.S. business activity hits fresh record lows amid coronavirus lockdowns
U.S. business activity plumbed new record lows in April as the novel coronavirus severely disrupted manufacturing and services industry production, pushing the economy into uncharted waters.
'Payment status not available': For many, IRS stimulus payment website raises more questions than answers
Millions of stimulus payments have been sent or are on their way to Americans. However, many people are still having problems finding out the status of...
Global equities edge higher on oil rebound, stimulus hopes
Global equity benchmarks edged higher Thursday as investors weighed an ongoing rebound in oil prices against stark economic data from Europe and the United States that...
Wall Street pares gains as business activity crashes
Wall Street pared gains slightly on Thursday as business activity plumbed new record lows in April with the novel coronavirus disrupting manufacturing and services industry production.
Blackstone's first-quarter profit rises but coronavirus weighs
Blackstone Group Inc , the world's largest manager of alternative assets such as private equity and real estate, reported a 4% rise in its first-quarter distributable...
Markets brush off ugly data, pin hopes on stimulus
World stocks inched up on Thursday on hopes for a massive joint stimulus fund to support the European Union during the coronavirus crisis and on an...
U.S. House passes $500 billion coronavirus bill and oversight panel
The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending response...
Mideast, African governments failing to protect airlines: IATA
Middle Eastern and African governments are failing to take the action required to protect their airlines from the economic crisis caused by the new coronavirus pandemic,...
Wall Street trims gains after report on coronavirus drug trial
Wall Street was in positive territory on Tuesday but surrendered strong earlier gains after a report that an experimental antiviral drug for the coronavirus flopped in...
Futures retreat ahead of jobless claims, business activity data
U.S. stock index futures headed lower on Thursday as investors braced for another staggering jobless claims report and a plunge in business activity data as state-wide...
Gap says may not have enough money to run operations
Gap Inc warned on Thursday it may not have enough funds to run its operations in the next 12 months as it weathers the impact of...