Fed cuts rates to blunt coronavirus impact, markets drop
The U.S. Federal Reserve cut interest rates on Tuesday in a bid to shield the world's largest economy from the impact of the coronavirus, but the...
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.
U.S. Supreme Court leans toward SEC's power to recover ill-gotten gains
U.S. Supreme Court justices on Tuesday appeared inclined to back the Securities and Exchange Commission's power to use federal courts to force defendants to surrender profits...
UPS says coronavirus outbreak to hurt first-quarter results
(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)
New York's plastic bag ban is a lesson in how consumers treat money
New York's ban on single-use plastic bags, and its accompanying 5-cent fee for paper bags, is a lens into consumer psychology around money and how companies...
Fed's emergency rate cut spooks Wall Street
Wall Street tumbled in a volatile session on Tuesday after the Federal Reserve's surprise half percentage-point cut in interest rates raised alarm over the magnitude of...
GM to tout its electric vehicles to investors swooning over Tesla
General Motors Co executives on Wednesday will tackle one of their toughest tasks: Persuading investors that a Detroit automaker can catch up with Elon Musk and...
Fidelity 2019 profit rose 10% on strong flows into index and money-market funds
Fidelity Investments said on Tuesday operating profit in 2019 climbed 10% to $6.9 billion as investors pushed their cash into money-market and passively managed products while...
Daimler says cost cut plans may see entire platforms eliminated
Mercedes-Benz is embarking on a sweeping cost cutting plan to free up cash to build electric and self-driving cars, a step which could see entire engine...
What this surprise Fed rate cut means for you
In a rare move, the Fed slashed rates by half a percentage point. That will have far-reaching consequences for everyday Americans.
Exxon Mobil calls for tighter methane regulations
Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and...
World stocks lead rally as G7 pledges virus support
A sharp rebound in world stock markets lost only a little steam on Tuesday despite a lack of any immediately gratifying measures after global policymakers pledged...
Hudson's Bay Chairman Richard Baker to take over as CEO: source
Hudson's Bay Co Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday, after his bid...
Wall Street rebounds sharply after Fed's emergency rate cut
U.S. stocks indexes surged on Tuesday after the Federal Reserve cut interest rates by a half percentage point in an emergency move designed to shield the...
Amazon confirms first coronavirus case among U.S. employees
Online retailer Amazon.com Inc said on Tuesday an employee in the United States tested positive for the coronavirus.
In an emergency move, Federal Reserve cuts interest rates to battle coronavirus
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world's largest economy from the impact of the coronavirus.