Yellen says the Fed doesn't need to buy equities now, but Congress should reconsider allowing it
Janet Yellen thinks the central bank is not in a position where it needs to buy equities but believes lawmakers should give the Fed more leeway...
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.
Bank of America sees booming rescue loan demand, with applications for nearly 10% of program
Bank of America said it's seen fierce demand for rescue loans with applications accounting for about 10% of the amount provided by Congress.
El-Erian foresees more volatility but finds Monday's rally on medical news encouraging
"I've always said it's a medical solution that forms a bottom for this market," economist Mohamed El-Erian told CNBC.
UPS employee dies of COVID-19 infection in Kentucky
A United Parcel Service Inc worker employed in Kentucky died over the weekend from a COVID-19 infection, Gov. Andy Beshear said at a public health briefing...
Uber connects out-of-work U.S. ride-hail drivers to delivery, production jobs
Uber Technologies Inc said on Monday its app will list job openings in the delivery, food production and grocery industry that can be accessed by its...
EasyJet requests draw down of $500 million credit facility, explores more funding
EasyJet said on Monday it has requested to fully draw down its $500 million credit facility, secured against aircraft assets, and will continue to explore funding...
IBM taps former Bank of America CTO to oversee cloud business
International Business Machines Corp on Monday named former Bank of America Corp top technology executive Howard Boville head of its cloud business, as Arvind Krishna takes...
Capri furloughs all North America store staff, sees stores reopening only after June 1
Michael Kors owner Capri Holdings Ltd said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects...
Howard Schultz warns 30% of small businesses at risk of closing for good without more help
"We must not only flatten the curve of the health crisis but we must begin to flatten the curve of economic despair," the billionaire former Starbucks...
Allstate to return $600 million in auto premiums to customers as pandemic cuts driving
U.S. insurer Allstate Corp said on Monday that it would return more than $600 million in auto insurance premiums to customers as many Americans stay home...
JPMorgan CEO Dimon calls 'bad recession', mulls suspending 2020 dividend
JPMorgan Chase & Co's top boss Jamie Dimon on Monday said he sees a "bad recession" in 2020, and that the largest U.S. bank could suspend...
Cemex to shut Mexico operations until at least April 30 due to coronavirus
Mexican cement company Cemex will suspend its operations in the country until at least April 30 in line with government guidelines aimed at stopping the spread...
BT boss gives salary to health workers, lifts pay for key staff
The head of Britain's biggest telecoms firm BT said he would donate his salary to health workers for at least six months and award a pay...
Canada, U.S. farms face crop losses due to foreign worker delays
Mandatory coronavirus quarantines of seasonal foreign workers in Canada could hurt that country's fruit and vegetable output this year, and travel problems related to the pandemic...
NYSE eases listing requirements amid coronavirus market mayhem
The New York Stock Exchange has eased its listing requirements until the end of June to take the strain off companies that may have fallen out...