U.S. businesses see big hit from coronavirus, Fed survey shows
U.S. businesses expect a "very large and very negative impact" from the coronavirus pandemic and efforts to slow its spread, according to a survey published on...
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.
Fed alone can’t stop coronavirus selloff, investors say, as stocks tumble again
The Federal Reserve's unprecedented stimulus measures did little to brighten Wall Street's immediate outlook on coronavirus-ravaged stocks, as concerns remained about the lack of a government...
U.S. Fed aims 'bazooka' to backstop coronavirus-hit economy
The U.S. Federal Reserve on Monday rolled out an extraordinary array of programs to backstop an economy reeling from sweeping restrictions on commerce that scientists say...
Factbox: Global oil, gas producers cut spending after crude price crash
Oil and gas companies are cutting spending plans in response to the new coronavirus and a push by Saudi Arabia and Russia to ramp up output....
Nestle CEO tells staff to get ready for coronavirus storm: memo
Food giant Nestle told employees to prepare for difficult times ahead and make all the necessary efforts to supply customers with the food and beverages they...
Wall Street falls as Fed fails to assuage virus worries
Wall Street slipped on Monday as the still rapidly spreading coronavirus forced more U.S. states into lockdown, eclipsing optimism from an unprecedented round of policy easing...
GE's aviation unit to cut 10% of U.S. workforce: CEO
General Electric Co's aviation unit will cut its U.S. workforce by about 10%, Chief Executive Officer Larry Culp said in a letter to staff on Monday,...
Airlines ground flights, count mounting costs of the coronavirus shock
Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts.
Fed aims 'bazooka' at coronavirus to backstop economy
The U.S. Federal Reserve on Monday rolled out an extraordinary new array of programs aimed at blunting the "severe disruptions" to the economy caused by the...
PG&E to plead guilty to 84 involuntary manslaughter counts over 2018 wildfire
Pacific Gas & Electric has agreed to plead guilty to 84 involuntary manslaughter counts in connection with the 2018 Camp Fire, the most destructive wildfire in...
Survey finds Canadian small businesses seeing 50 percent revenue decline amid COVID-19
Betakit Meagan Simpson March 20, 2020 A survey conducted by Toronto-based FinTech startup Lending Loop has found that Canadian small businesses have seen an average revenue...
Hawaii launches state-initiated digital currency sandbox
Micky Ali Qamar March 21, 2020 The State of Hawaii has recently introduced a pilot program dubbed as the ‘Digital Currency Innovation Lab’ aimed at being...
Dow wipes out all the gains since Trump's election
The Dow's steep drop on Monday pushed the 30-stock index below the level where it closed on Nov. 8, 2016, the day Trump won his election.
This was the fastest 30% sell-off ever, exceeding the pace of declines during the Great Depression
The second, third and fourth quickest 30% pullbacks all occurred during the Great Depression era, according to data from Bank of America Securities.
Netflix to reduce traffic in Israel by 25% to help ISPs
Netflix said on Monday it would reduce network traffic in Israel over the next month following a government request to ease data congestion from people staying...