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Latest News on private equity markets

Wall Street sinks as coronavirus anxiety grows

The Dow Jones tumbled more than 700 points on Wednesday as investors fled to safe-haven assets after new orders for U.S.-made goods plunged to an 11-year low and private payrolls fell for the first time since 2017.



5 years ago

'The other bomb' — Cramer's warning as first shale company files for Chapter 11

U.S. shale producer Whiting Petroleum filed for bankruptcy on Wednesday, in what Jim Cramer said could be "the first of many."

5 years ago

This tax break may resurface in the next coronavirus bill – and CPAs are dreading it

In an interview with The New York Times, House Speaker Nancy Pelosi raised the prospect of retroactively reinstating the state and local tax deduction. If this happened, you may be filing amended returns for 2018 and 2019.

5 years ago

Here's how to change, cancel or even book upcoming travel plans

As travel policies continue to change amid the global pandemic, experts offer advice on how to cancel or change your next trip.

5 years ago

Better Buy: Square vs. American Express

Nasdaq Markets | Brian Withers | March 31, 2020 Amid the market volatility, two financial services companies held investor presentations in the past several weeks. Digital payments ecosystem Square (NYSE: SQ) and financial services company American Express (NYSE: AXP) provided updates on the current market situation, and, more importantly, their long-term growth plans. Both companies play

5 years ago

Democrats urge U.S. Treasury not to delay $25 billion in grants to airlines

U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up $25 billion in cash grants approved by Congress last week to airlines for payroll costs.



5 years ago

Accenture: Fintech, Cybersecurity and Methods to Handle Threat

FintechZoom | Jung Min-seo | April 1, 2020 What’s the cybersecurity risk panorama for fintechs in 2020? Accenture’s perception offers some readability The tempo of digital transformation throughout the monetary panorama continues to quicken. In such an atmosphere the digital or cyber risk proposition evolves quickly, making it important to take care of the best

5 years ago

Eight virtual banks transforming Hong Kong’s fintech sector

Fintech Magazine | By Matt High | March 31, 2020 We take a closer look at the eight innovative virtual banks that are digitally disrupting Hong Kong's financial services industry using technologies like AI, machine learning and Big Data With a national GDP of $341.4bn, Hong Kong is a rapidly growing economy and a centre

5 years ago

Dow falls 600 points to start second quarter as virus anxiety grows

The Dow Jones fell 600 points on Wednesday as investors fled to safe-haven assets after new orders for U.S.-made goods plunged to an 11-year low and the White House issued a dire warning on the U.S. death toll from the coronavirus pandemic.



5 years ago

EU trade chief sees no quid pro quo in Huawei's 'mask diplomacy'

EU industry chief Thierry Breton on Wednesday said he did not see any ulterior motive behind Huawei's [HWT.UL] donations of face masks to the bloc and that solidarity was the best way to tackle the global coronavirus outbreak.



5 years ago

WarnerMedia taps ex-Hulu chief Jason Kilar as CEO

AT&T Inc on Wednesday named Jason Kilar, former head of video streaming platform Hulu, as chief executive officer of its WarnerMedia unit starting in May, when it plans to launch its HBO Max service to compete with streaming heavyweights Netflix and Disney+.



5 years ago

EU exec proposes shorter work hours to prevent layoffs amid epidemic

The EU executive proposed on Wednesday a wage-subsidy scheme to encourage employers to cut workers' hours rather than their jobs amid the coronavirus epidemic, a plan that could be worth 100 billion euros in borrowing guaranteed by all EU countries.



5 years ago

Pelosi urges U.S. Treasury not to delay $25 billion in grants to airlines

U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up $25 billion in cash grants approved by Congress last week to airlines for payroll costs.



5 years ago

Meal delivery firms branch out into groceries during crisis

Uber Eats and Delivery Hero are expanding from providing restaurant meals into supplying groceries to customers stuck at home during lockdowns triggered by the coronavirus crisis.



5 years ago

Oil benchmarks mixed after U.S. gasoline, crude stocks jump

Brent crude fell while U.S. futures dipped before recovering on Wednesday, after U.S. crude inventories rose last week by the most since 2016, while gasoline demand fell sharply due to the coronavirus pandemic.



5 years ago