Jim Chanos says he covered bet against China's Luckin Coffee amid 70% plunge Thursday
"You have to avoid these Chinese companies like the plague," Chanos said. "How many times do investors have to be burned?"
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.
Oil refiners face reckoning as demand plummets
The global oil refining industry is facing a reckoning from falling fuel demand that is the deepest and fastest ever.
Airbnb lowers internal valuation to $26 billion as coronavirus hits bookings: source
Airbnb lowered its internal valuation by 16% to $26 billion, as the U.S. home rental firm grapples with a slowdown in bookings due to the global...
Boeing to temporarily suspend Philadelphia area operations amid coronavirus outbreak
Boeing Co said on Thursday it will temporarily suspend production at facilities in Ridley Township, Pennsylvania, amid the ongoing coronavirus pandemic, adding that the suspension will...
Explainer: How the coronavirus crisis is affecting food supply
The coronavirus pandemic has disrupted global food supplies and is causing labour shortages in agriculture worldwide.
Paper stimulus checks could be delayed by up to 5 months
A Congressional memo obtained by NBC News shows just how quickly stimulus payments could get into the hands of Americans. For some, the wait could be...
Volkswagen extends Mexico production halt as coronavirus bites
German automaker Volkswagen said on Wednesday it would extend until April 30 a suspension of activities at two production plants in central Mexico after the government...
Boeing to offer voluntary layoffs to employees amid coronavirus fallout: source
Boeing Co was set to offer employee buyout and early retirement packages, two people familiar with the matter said on Wednesday, a bid to mitigate the...
Saudi wants cooperation to bolster oil, blames Russia for turmoil: Gulf source
Saudi Arabia supports cooperation between oil producers to stabilize the oil market but Russia's opposition to a proposal last month to deepen oil supply cuts has...
U.S. weekly jobless claims seen at record high: again
The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced...
White House says small business lending program will be running Friday, even as JPMorgan says it's not ready
The program is a crucial component of the $2 trillion stimulus package signed last week by President Trump to cushion disruptions tied to the coronavirus.
Delivery Hero takes steps to support struggling restaurants
Delivery Hero , one of the world's top online food delivery marketplaces, announced measures on Thursday to support restaurants that are trying to survive coronavirus lockdowns...
Oil jumps as Trump talks up truce hopes for Saudi-Russia price war
Crude oil futures surged on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their...
Asian stocks slip as virus fears deepen ahead of U.S. jobs data
Asian share markets were pinned down on Thursday, haunted by the rising U.S. coronavirus death toll, and with investors braced for more signs of economic pain...
Boeing to offer voluntary layoffs to employees to tide over coronavirus fallout -sources
Boeing Co is set to offer buyout and early retirement packages to employees, two people familiar with the matter said on Wednesday, a bid to mitigate...