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Latest News on private equity markets

NYSE to shift fully to e-trading from Monday after two coronavirus cases

The New York Stock Exchange (NYSE) will temporarily close its trading floors and move fully to electronic trading from Monday, its owner Intercontinental Exchange Inc said after an employee and a trader were tested positive for the coronavirus.



4 years ago

Exclusive: Amazon stops receiving non-essential products from sellers amid coronavirus outbreak

Amazon.com Inc is suspending sellers from sending non-essential products to its U.S. and U.K. warehouses until April 5 in the latest move to free up inventory space for much-needed supplies that are in shortage as a result of the coronavirus outbreak.



4 years ago

McDonald's considering deferring rent for franchisees amid virus outbreak

McDonald's Corp is considering rent deferral and other measures to ensure liquidity at its franchisees around the world, amid curbs on dine-in restaurants to contain the spread of the coronavirus, a regulatory filing showed on Tuesday.



4 years ago

VW to start using high-nickel batteries for electric car

Volkswagen will raise the amount of nickel used in it electric car battery cells to 80% in the next year from 65% at present, Frank Blome, head of battery cells at the carmaker said on Tuesday.



4 years ago

StanChart expects record fall in global oil demand in 2020

Standard Chartered on Tuesday said it expects global oil demand to decline by a record amount in 2020 citing the rapidly spreading coronavirus and the travel restrictions imposed to contain it.



4 years ago

Wall Street opens higher after biggest rout since 1987

The main U.S. stock indexes opened higher on Tuesday, a day after their biggest drop since the 1987 crash, as efforts to contain the rapidly spreading coronavirus upended parts of the economy and dampened business sentiment.



4 years ago

NorthOne announces Series A round of $21M USD

NorthOne | Blog | March 12, 2020 NorthOne is a mobile, tech-powered bank account built for America’s small businesses, freelancers, and startups. Today, we’re announcing a Series A round of $21M USD for NorthOne, led by Shiran Shalev from Battery Ventures, with participation from Redpoint Ventures, and Tom Williams. This round brings us one step

4 years ago

L Brands temporarily closes stores, draws down $950 million from existing credit line

L Brands Inc said on Tuesday it would temporarily close all its stores, including those of Bath & Body Works and Victoria's Secret, in the United States and Canada through March 29 and that it has drawn down $950 million from an existing credit line due to the coronavirus outbreak.



4 years ago

Treasury and IRS to delay tax season deadline by 90 days

Taxpayers are about to get a three-month reprieve to work on their income tax returns, Treasury Secretary Steven Mnuchin said at a press conference on Tuesday.

4 years ago

Coronavirus-stricken airlines call for aid to limit bankruptcies

European airlines demanded urgent tax relief to avoid multiple bankruptcies as coronavirus disruption continued its spread across the global industry on Tuesday.



4 years ago

Social Security offices close due to coronavirus. Here's what that means for you

Local Social Security offices have closed in order to protect elderly and disabled beneficiaries and others from the coronavirus. While in-person services are shut, you can still get help online and over the phone, though critical services will be given a priority. Here's a breakdown of what to expect.

4 years ago

The coronavirus crisis is making travel cheaper. Here's why you should resist the urge to buy.

Prices for airfare and hotel rooms look cheap, but experts recommend resisting the urge to take advantage of travel deals due to extreme uncertainty.

4 years ago

How those coronavirus-fueled investment losses help cut your taxes

An investment account that's deep in the red just might have a silver lining. Tax-loss harvesting allows you to sell off a few poor performers and use them to offset gains elsewhere in your portfolio.

4 years ago

Cramer: Don't buy the dips in the market, sell bad stocks on any pops

"It's really the opposite of buy the dips," CNBC's Jim Cramer said Tuesday. "I only think you sell lower quality."

4 years ago

Treasury and IRS to delay tax payment deadline by 90 days

Taxpayers are about to get a three-month reprieve to pay income taxes owed, Treasury Secretary Steven Mnuchin said at a press conference on Tuesday.

4 years ago