Latest News on private equity markets

Warren Buffett is 'completely wrong and outdated' on bitcoin, Chamath Palihapitiya says

Warren Buffett is 'completely wrong and outdated' on bitcoin, Chamath Palihapitiya says

Billionaire investor Chamath Palihapitiya disagrees with Berkshire Hathaway chairman Warren Buffett on the value of bitcoin.

6 years ago
Wall Street gains ground after virus-driven selloff

Wall Street gains ground after virus-driven selloff

Wall Street's main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.



6 years ago
Virgin Money plans to cut 500 jobs and close 52 branches

Virgin Money plans to cut 500 jobs and close 52 branches

British challenger bank Virgin Money is planning to cut 500 jobs as it presses ahead with cost-cutting after bulking up through the merger of Virgin Money and Clydesdale and Yorkshire Banking Group in 2018, it said on Wednesday.



6 years ago
Walmart in talks with third parties over investment in UK arm Asda

Walmart in talks with third parties over investment in UK arm Asda

Walmart , the world's largest retailer, is in talks with third parties regarding a possible investment in Asda, its UK supermarket arm that it tried, and failed, to merge with rival Sainsbury's last year.



6 years ago
Oil inches up on U.S. crude inventories, coronavirus limits gains

Oil inches up on U.S. crude inventories, coronavirus limits gains

Oil prices edged up on Wednesday after U.S. crude in storage grew less than expected and gasoline inventories dropped, but hundreds of new coronavirus cases reported in Asia, Europe and oil-producing countries in the Middle East limited gains.



6 years ago
Lufthansa and United weigh takeover of Portugal's TAP: Sueddeutsche

Lufthansa and United weigh takeover of Portugal's TAP: Sueddeutsche

Lufthansa and United Airlines are considering taking over TAP-Air Portugal, a German newspaper reported on Wednesday.



6 years ago
What Bloomberg's tax return might tell us — if we get to see it

What Bloomberg's tax return might tell us — if we get to see it

What we can learn from the former mayor's tax return will depend on whether he releases a heavily redacted Form 1040. Look to these supplemental forms to shed light on Bloomberg's finances.

6 years ago
Toll Brothers says home sales in California impacted by coronavirus

Toll Brothers says home sales in California impacted by coronavirus

Home builder Toll Brothers Inc said on Wednesday that the coronavirus outbreak in China had led to shortages of lighting fixtures and small appliances, forcing it to delay sales of some homes in California, one of its biggest markets.



6 years ago
Fund investors retreat from U.S. stocks as coronavirus fears weigh

Fund investors retreat from U.S. stocks as coronavirus fears weigh

Investors pulled nearly $3.3 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, snapping the longest streak of asset gains since July, according to data released Wednesday by the Investment Company Institute.



6 years ago
Oil falls more than 1% as virus spreads in Middle East and Europe

Oil falls more than 1% as virus spreads in Middle East and Europe

Oil prices fell more than 1% on Wednesday after hundreds of new coronavirus cases reported in Asia, Europe and the Middle East stoked fears that energy demand would decline, while crude oil inventories in the United States grew.



6 years ago
Wall Street leads stocks higher, oil falls as virus concerns linger

Wall Street leads stocks higher, oil falls as virus concerns linger

Gains on Wall Street led stocks across the globe higher on Wednesday, a rebound from a sharp selloff linked to coronavirus worries, but other financial markets felt nagging pressure from concerns over how the disease will affect the global economy.



6 years ago
SmileDirectClub sell-off gives short sellers reason to grin

SmileDirectClub sell-off gives short sellers reason to grin

Traders short selling SmileDirectClub had a lot to smile about on Wednesday, earning paper profits of over $115 million as the online dental company's stock plummeted 26% following a disappointing quarterly report.



6 years ago
Aston Martin investor blazes green trail for buyout fund

Aston Martin investor blazes green trail for buyout fund

The top shareholder of carmaker Aston Martin is on a mission to turn investments from theme parks to high-end furniture brands "carbon positive" by the end of 2020, as buyout funds battle to woo investors increasingly focused on tackling global warming.



6 years ago
Stocks, oil drop as coronavirus fears grip markets

Stocks, oil drop as coronavirus fears grip markets

Stocks and oil prices resumed their sharp decline on Wednesday after a report said over 80 people were being monitored for the novel coronavirus in New York State's Long Island.



6 years ago
401(k) investors dump equities after market sell-off

401(k) investors dump equities after market sell-off

As markets tumbled this week on coronavirus fears, trading activity in 401(k) plans skyrocketed. Data from Alight Solutions show that most retirement plan investors moved money out of equity funds in accounts and into fixed income — despite the advice they may have gotten from their financial advisors.

6 years ago