Latest News on private equity markets

Gender wage gap narrows but shows no signs of going away

Gender wage gap narrows but shows no signs of going away

Over the last three decades, women's wages have increased much faster than men's in higher skilled jobs. Still, the gender pay gap persists.

6 years ago
Amazon, Facebook ask Seattle employees to work from home over coronavirus fears

Amazon, Facebook ask Seattle employees to work from home over coronavirus fears

Amazon.com Inc and Facebook Inc on Thursday joined Microsoft Corp in recommending employees in the Seattle area to work from home after several people in the region were infected with the coronavirus.



6 years ago
Exxon CEO sticks to big spend plan despite weak stock performance

Exxon CEO sticks to big spend plan despite weak stock performance

Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil said on Thursday it would stick to its plans to "lean in" to spending even as its shares have lagged its competitors, which are cutting costs.



6 years ago
Wall Street sinks at open as coronavirus fears prompt California emergency

Wall Street sinks at open as coronavirus fears prompt California emergency

U.S. stock indexes opened sharply lower on Thursday as deaths from the coronavirus rose in the United States, forcing California to declare a state of emergency, while crippled travel demand hit airline stocks.



6 years ago
Billionaire Sam Zell says he is buying some 'ridiculously low' stocks in the wild market swings

Billionaire Sam Zell says he is buying some 'ridiculously low' stocks in the wild market swings

Sam Zell, who made his fortune scooping up distressed assets, told CNBC on Thursday that he's been taking advantage of the stock market volatility.

6 years ago
Russia's Aeroflot to suspend Hong Kong flights amid coronavirus fears: Interfax

Russia's Aeroflot to suspend Hong Kong flights amid coronavirus fears: Interfax

Russia's state carrier Aeroflot said on Thursday it would suspend its flights to and from Hong Kong amid fears over coronavirus.



6 years ago
Lufthansa suspends 7,100 flights in March, including to Israel

Lufthansa suspends 7,100 flights in March, including to Israel

German airline group Lufthansa said on Thursday it is cancelling about 7,100 flights up to the end of March due to lower demand and the spread of coronavirus.



6 years ago
Oil falls, OPEC backs deeper supply cuts

Oil falls, OPEC backs deeper supply cuts

Oil fell on Thursday as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, and while major producers agreed on deeper output cuts to bolster prices, they could not immediately secure Russian support for the decision.



6 years ago
Futures plunge on virus fears as California declares emergency

Futures plunge on virus fears as California declares emergency

Coronavirus fears looked set to drive another steep drop for U.S. stock markets on Thursday after California declared an emergency, while airlines shares were hammered by an industry sales warning as the outbreak cripples travel demand.



6 years ago
Southwest Airlines sees first-quarter revenue hit from coronavirus outbreak

Southwest Airlines sees first-quarter revenue hit from coronavirus outbreak

Southwest Airlines Co said on Thursday it expected a hit of up to $300 million to its first-quarter operating revenue from the coronavirus outbreak, prompting it to cut its quarterly revenue outlook.



6 years ago
OPEC backs biggest oil cut since 2008 crisis, awaits Russia

OPEC backs biggest oil cut since 2008 crisis, awaits Russia

OPEC agreed on Thursday to cut oil output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices that have been hit by the coronavirus outbreak, but made its action conditional on Russia and others joining in.



6 years ago
Iranian oil minister confirms OPEC agreed a 1.5 million bpd cut

Iranian oil minister confirms OPEC agreed a 1.5 million bpd cut

The Iranian oil minister confirmed on Thursday that OPEC ministers had agreed an extra 1.5 million barrel per day (bpd) cut in oil production and that Iran was still exempt from the reduction.



6 years ago
Russia prepared for possible drop in oil prices, finance minister says

Russia prepared for possible drop in oil prices, finance minister says

Russia is prepared for a possible drop in oil prices should OPEC and its allies fail to reach an agreement over cutting supply at meetings in Vienna this week, Finance Minister Anton Siluanov said on Thursday.



6 years ago
Exxon CEO sticks to spending targets as oil prices tumble

Exxon CEO sticks to spending targets as oil prices tumble

Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil said on Tuesday it would stick to its spending plans even as its rivals trim costs.



6 years ago
Here's what people are doing with their tax refunds

Here's what people are doing with their tax refunds

Forget going on vacation. Taxpayers anticipate saving the money they get back from Uncle Sam, according to a study from CreditCards.com. Paying down debt comes in a close second.

6 years ago