Oil majors slash 2020 spending 20% after prices slump
The world's biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of...
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.
Time to buy stocks again, market mavens say
BlackRock and Credit Suisse reckon it is time to get back into equities after markets rallied this week following massive government and central bank stimulus packages...
Wendy's to ease payments for franchisees to stem coronavirus fallout
Fast-food chain Wendy's Co said on Thursday it would defer rent and ease royalty and marketing fee payments for franchisees, amid growing pressure in the restaurant...
NY shop Russ & Daughters survived Spanish flu, but coronavirus is 'uncharted waters'
New York City shop Russ & Daughters has weathered the Spanish flu, wars, depressions, recessions, terror attacks, and hurricanes. "This is uncharted waters," says its owner.
World stocks slip as U.S. jobs angst outweighs $2 trillion stimulus
Share markets across the world fell on Thursday as nerves over jobs data likely to lay bare the economic carnage from the coronavirus pandemic outweighed a...
Pilots' union criticises UK's coronavirus job retention scheme
The union representing British pilots has described the government's scheme to retain jobs through the coronavirus outbreak as confusing, lacking detail and taking too long to...
Tudor Jones says DC coronavirus aid is biggest fiscal-monetary 'bazooka' ever, more like 'nuclear bomb'
"We did in two weeks what it took the Fed eight months to do in 2009," hedge fund manager Paul Tudor Jones told CNBC.
Two Tesla employees test positive for coronavirus: Business Insider
Two employees of Tesla Inc have tested positive for coronavirus, Business Insider reported on Thursday, citing an internal email.
Exclusive: U.S. nears rule-change to restrict Huawei's global chip supply - sources
Senior cabinet officials in the Trump administration agreed to new measures to restrict the global supply of chips to China's Huawei Technologies, sources familiar with the...
Senate sends House $2 trillion coronavirus bill; vote expected Friday
The U.S. Senate's unanimous passage of an estimated $2.2 trillion coronavirus relief bill sent the unprecedented economic rescue legislation to the House of Representatives, whose leaders...
Factbox: What's in the $2.2 trillion Senate coronavirus rescue package
The U.S. Senate on Thursday unanimously approved an unprecedented stimulus package to alleviate the devastating economic impact of the coronavirus pandemic.
Airbnb says U.S. coronavirus stimulus bill could offer its hosts some relief
Airbnb Inc hosts in the United States could get some relief from a $2 trillion coronavirus stimulus bill that is nearing a vote in Congress, the...
This is a 'once in a lifetime' buying opportunity like '87 and '08, says Ariel's John Rogers
The ongoing volatility in the market has created a compelling buying opportunity for investors, Ariel Investment's John Rogers said.
Ackman's hedge funds make money this year as hedges help
Billionaire investor William Ackman, who hedged his Pershing Square Capital management portfolio weeks ago to guard against coronavirus-inspired panic selling, told investors his private hedge fund...
McDonald's to trim U.S. menu during coronavirus pandemic
McDonald's Corp said on Wednesday it would temporarily remove some items from its U.S. menu as it focuses on simplifying operations in the face of the...