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Latest News on private equity markets

It may get harder for consumers to tell how some financial advisors get paid

The CFP Board, which oversees standards for 86,000 certified financial planners in the U.S., removed the ability for consumers to search for an advisor based on how they're paid.

4 years ago

United Airlines cuts flights, freezes hiring on coronavirus-hit demand

United Airlines Holdings Inc is slashing its flying schedule and implementing a series of cost-cutting measures in some of the most drastic actions by a U.S. airline to date as the spreading coronavirus has depressed air travel demand.



4 years ago

Huawei pleads not guilty to new U.S. criminal charges in 2018 case

China's Huawei Technologies Co Ltd, the world's largest telecommunications equipment maker, on Wednesday pleaded not guilty in a New York federal court to new charges in a 2018 case against the company.



4 years ago

GM takes aim at Tesla with 'Ultium' batteries and fleet of electric vehicles

General Motors Co Chief Executive Mary Barra said Wednesday the Detroit automaker will invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk's Tesla Inc as vehicles go electric.



4 years ago

Global stocks rally as Biden surge offsets coronavirus fears

The dollar and world equity markets rose on Wednesday as investors were cheered by a strong showing by Joe Biden in the U.S. Democratic presidential primaries, although the economy-slowing coronavirus outbreak kept investors on tenterhooks.



4 years ago

Uber open to using self-driving tech from competition: CEO

Uber Technologies Inc's self-driving unit is open to using technology from competitors in the industry, the company's chief executive said on Wednesday.



4 years ago

Data show U.S. economy on solid footing as coronavirus fears mount

U.S. services sector activity jumped to a one-year high in February, suggesting strength in the economy before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Reserve.



4 years ago

Wall Street jumps as Biden takes the lead

Wall Street surged on Wednesday as former Vice President Joe Biden's strong showing in the "Super Tuesday" primary contests gave a boost to healthcare stocks and upbeat economic data helped sooth investors' coronavirus anxieties.



4 years ago

U.S. businesses show growing concern over impact of coronavirus, Fed survey shows

There are signs the escalating coronavirus outbreak has begun to weigh on business sentiment in the United States, a report by the Federal Reserve released on Wednesday showed, even as the U.S. economy expanded at a modest to moderate pace over the past several weeks.



4 years ago

New BoE boss Bailey does not back immediate virus rate cut

The Bank of England should wait until it has more clarity about the economic hit from the coronavirus outbreak before making any decision to cut interest rates, its next governor Andrew Bailey said on Wednesday.



4 years ago

Family clan members back Volkswagen CEO's electric strategy: Bild

Wolfgang Porsche and Hans-Michel Piech, members of the family which controls German carmaker Volkswagen , fully support the shift towards electric cars being driven by Chief Executive Herbert Diess, they told the Bild newspaper.



4 years ago

IMF chief says coronavirus wipes out hopes for stronger growth in 2020

The global spread of the novel coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding a third of the Fund's 189 member countries were now affected.



4 years ago

Follow the Fed? Why central banks will not be rushed on coronavirus response

Will the world's big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They are certainly going to try.



4 years ago

ValueAct's Jeffrey Ubben buys BP and says oil company can be 'part of the solution'

ValueAct Capital founder Jeff Ubben bought shares of BP, saying the company is working to transform its operations.

4 years ago

U.S. lawmakers seek to step up pressure on UK to reverse Huawei 5G decision

Members of the U.S. Congress on Wednesday took another step to try to prod Britain to reverse its decision to allow China's Huawei Technologies Co to build portions of the UK's next generation 5G networks.



4 years ago