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Latest News on private equity markets

U.S. federal judge allows merger between T-Mobile and Sprint

T-Mobile US Inc and Sprint Corp won a federal court fight as a judge ruled on Tuesday that their $26 billion merger was legal and should be allowed.



5 years ago

44% of adults admit to keeping money secrets from a partner

Whether they are spending more money than they are letting on, stashing a secret credit card or hiding debt, nearly half of those in a relationship admit to committing some sort of financial infidelity.

5 years ago

U.S. downgrade could stoke bias against Malaysian airlines: regulator

Malaysia's aviation regulator said on Tuesday its airlines could be discriminated against by foreign authorities after the country's air safety rating was downgraded by the U.S. Federal Aviation Administration (FAA) late last year.



5 years ago

S&P 500, Nasdaq set for new heights on hopeful coronavirus news

The S&P 500 and Nasdaq indexes were set to hit record highs at the open on Tuesday as a top Chinese health adviser said the coronavirus outbreak may plateau in the next few weeks, while Sprint shares soared after winning a federal judge's approval for its merger with T-Mobile.



5 years ago

A new stablecoin pegged to the Canadian dollar may help digitize the North American nation’s financial markets

Coindesk | Daniel Palmer | Feb 11, 2020 Canada Stablecorp announced Monday it was issuing the "QCAD" stablecoin for “mass market,” including foreign exchange remittances and other financial products. Canada Stablecorp is a joint venture between cryptoasset manager 3iQ, which recently received approval to launch a bitcoin fund, and Mavennet Systems, a blockchain development firm

5 years ago

Under Armour shares drop after surprise profit decline warning for 2020

Under Armour Inc on Tuesday forecast a surprise drop in 2020 profit, blaming ongoing weakness in its North American business and the coronavirus outbreak in China, sending its shares tumbling as much as 16%.



5 years ago

Fed's Powell says economy 'resilient,' but warns on coronavirus, productivity

Federal Reserve Chair Jerome Powell was fairly upbeat about the outlook for the U.S. economy in the first of his twice-a-year updates to Congress on Tuesday, but he cited a potential threat from the coronavirus in China and concerns about the economy's long-term health.



5 years ago

This Wall Street legend's 10 rules for investing are very applicable to today's bull market

Bob Farrell's 10 rules for investing are still passed around on Wall Street today and ring true to the current bull market.

5 years ago

NY attorney general considers appealing ruling OK'ing Sprint T-Mobile merger

New York Attorney General Letitia James said Tuesday the state may appeal a court ruling approving a merger between No.3 and No.4 wireless carriers T-Mobile US Inc and Sprint Corp.



5 years ago

WeWork sets hard free cash flow, revenue targets as part of five-year plan

WeWork on Tuesday brought forward its target of becoming free cash flow positive by a year to 2022 as Chairman Marcelo Claure pushes ahead with his five-year turnaround plan aimed at boosting valuation and winning back investor trust.



5 years ago

S&P 500, Nasdaq notch new records on optimism coronavirus may plateau soon

The S&P 500 and the Nasdaq indexes hit record highs on Tuesday as a top Chinese health adviser sparked expectations that the coronavirus outbreak may be peaking, while T-Mobile shares jumped after a federal judge approved its purchase of Sprint.



5 years ago

Google Maps adds more crowdsourced transit data and gets a new navigation bar

TechCrunch | Romain Dillet | Feb 6, 2020 Google is updating Google Maps on Android and iOS with a revamped tab bar at the bottom, a new icon and a couple of new features. In particular, the company is putting more emphasis on user-generated content and recommendations. At the bottom of the app, you now

5 years ago

Japan's MUFG, Mizuho in London rehiring spree despite Brexit

Japan's MUFG and Mizuho have hired a total of nearly 100 staff in London in the last 6 months, bolstering their trading and investment banking teams despite industry concerns over Brexit's impact on financial services in Britain.



5 years ago

This tax credit will help offset your childcare costs — if you're honest with the IRS

The cost of sending your child to daycare is like paying a second mortgage. The IRS may give you a credit to recoup some of that — if you're paying your caregiver on the books.

5 years ago

'Maybe Nike is just too powerful' — Cramer sees no reason to own Under Armour stock

"I think there's a great company there, but it's sure not coming out," CNBC's Jim Cramer said. "I really don't know what the solution is."

5 years ago