Latest News on private equity markets

Investors give thumbs down to potential shortened stock session

Investors give thumbs down to potential shortened stock session

U.S. Treasury Secretary Steven Mnuchin's suggestion on Tuesday that the country's stock exchanges might shorten their trading hours did not go over well with investors reeling from Wall Street's worst day in three decades and growing fears about the coronavirus.



6 years ago
Brent crude sinks below $30/bbl as recession fears weigh

Brent crude sinks below $30/bbl as recession fears weigh

Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi Arabia and Russia kept up their battle for market share.



6 years ago
Treasury and IRS to delay tax payment deadline by 90 days

Treasury and IRS to delay tax payment deadline by 90 days

Taxpayers are about to get a three-month reprieve to pay income taxes owed, Treasury Secretary Steven Mnuchin said at a press conference on Tuesday.

6 years ago
Cramer: Don't buy the dips in the market, sell bad stocks on any pops

Cramer: Don't buy the dips in the market, sell bad stocks on any pops

"It's really the opposite of buy the dips," CNBC's Jim Cramer said Tuesday. "I only think you sell lower quality."

6 years ago
How those coronavirus-fueled investment losses help cut your taxes

How those coronavirus-fueled investment losses help cut your taxes

An investment account that's deep in the red just might have a silver lining. Tax-loss harvesting allows you to sell off a few poor performers and use them to offset gains elsewhere in your portfolio.

6 years ago
HSBC appoints insider Quinn as CEO amid growth headwinds

HSBC appoints insider Quinn as CEO amid growth headwinds

HSBC Holdings PLC has appointed Noel Quinn as chief executive officer, handing the insider and interim boss the reins of Europe's biggest bank and ending months of speculation an external candidate could get the role.



6 years ago
The coronavirus crisis is making travel cheaper. Here's why you should resist the urge to buy.

The coronavirus crisis is making travel cheaper. Here's why you should resist the urge to buy.

Prices for airfare and hotel rooms look cheap, but experts recommend resisting the urge to take advantage of travel deals due to extreme uncertainty.

6 years ago
Social Security offices close due to coronavirus. Here's what that means for you

Social Security offices close due to coronavirus. Here's what that means for you

Local Social Security offices have closed in order to protect elderly and disabled beneficiaries and others from the coronavirus. While in-person services are shut, you can still get help online and over the phone, though critical services will be given a priority. Here's a breakdown of what to expect.

6 years ago
Coronavirus-stricken airlines call for aid to limit bankruptcies

Coronavirus-stricken airlines call for aid to limit bankruptcies

European airlines demanded urgent tax relief to avoid multiple bankruptcies as coronavirus disruption continued its spread across the global industry on Tuesday.



6 years ago
Treasury and IRS to delay tax season deadline by 90 days

Treasury and IRS to delay tax season deadline by 90 days

Taxpayers are about to get a three-month reprieve to work on their income tax returns, Treasury Secretary Steven Mnuchin said at a press conference on Tuesday.

6 years ago
L Brands temporarily closes stores, draws down $950 million from existing credit line

L Brands temporarily closes stores, draws down $950 million from existing credit line

L Brands Inc said on Tuesday it would temporarily close all its stores, including those of Bath & Body Works and Victoria's Secret, in the United States and Canada through March 29 and that it has drawn down $950 million from an existing credit line due to the coronavirus outbreak.



6 years ago
Detroit automakers, UAW agree to curb production to contain coronavirus

Detroit automakers, UAW agree to curb production to contain coronavirus

The Detroit Three automakers and United Auto Workers agreed on Tuesday to curtail production at U.S. factories and limit the number of workers on the job at one time to prevent the spread of the coronavirus among roughly 150,000 factory employees.



6 years ago
NorthOne announces Series A round of $21M USD

NorthOne announces Series A round of $21M USD

NorthOne | Blog | March 12, 2020 NorthOne is a mobile, tech-powered bank account built for America’s small businesses, freelancers, and startups. Today, we’re announcing a Series A round of $21M USD for NorthOne, led by Shiran Shalev from Battery Ventures, with participation from Redpoint Ventures, and Tom Williams. This round brings us one step

6 years ago
Wall Street opens higher after biggest rout since 1987

Wall Street opens higher after biggest rout since 1987

The main U.S. stock indexes opened higher on Tuesday, a day after their biggest drop since the 1987 crash, as efforts to contain the rapidly spreading coronavirus upended parts of the economy and dampened business sentiment.



6 years ago
StanChart expects record fall in global oil demand in 2020

StanChart expects record fall in global oil demand in 2020

Standard Chartered on Tuesday said it expects global oil demand to decline by a record amount in 2020 citing the rapidly spreading coronavirus and the travel restrictions imposed to contain it.



6 years ago