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Latest News on private equity markets

Oil back in positive territory ahead of U.S.-China trade deal

Global oil benchmark Brent crude rose to more than $64.50, recovering from four days of declines on easing Middle East tensions, as the United States and China prepared to sign a preliminary trade deal.



5 years ago

Tesla going to over $6,000 per share, says money manager who originally predicted $4,000

Ark Investment Management founder Catherine Wood said she believes Tesla's stock could be worth more than $6,000 per share in the next five years.

5 years ago

Wells Fargo's new chief pledges more cost cuts as profit slumps

Wells Fargo & Co's profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank's sales scandal and promised "fundamental changes."



5 years ago

U.S. bank executives offer cautious optimism heading into 2020

Despite trade wars, low interest rates and new geopolitical tensions, big U.S. banks have not experienced major disruption to their core businesses and top executives are hopeful they can generate growth this year.



5 years ago

U.S. agency to determine cause of 2018 fatal Tesla 'Autopilot' crash

The U.S. National Transportation Safety Board (NTSB) will meet on Feb. 25 to determine the probable cause of the 2018 fatal crash of a Tesla Inc vehicle in Mountain View, California, the agency said.



5 years ago

Chile's Codelco says uncovered $22 million insurance fraud involving unions

Chile's state-owned Codelco, the world's largest copper producer, said on Tuesday it had filed a lawsuit over an alleged scam in insurance contracts drawn up by unions for workers at its Chuquicamata and Radomiro Tomic mines.



5 years ago

Former Barclays CEO suggested Qatari side deal in 2008, London court hears

Former Barclays chief executive John Varley first suggested the bank could use a side deal to satisfy Qatar's demands for extra cash in return for rescue funding for the bank during the 2008 credit crisis, a London court heard on Tuesday.



5 years ago

S&P 500 eases from record on tech retreat, Wells Fargo slide

The S&P 500 eased from record levels on Tuesday, as technology stocks handed back gains made on hopes of a preliminary U.S.-China trade deal and Wells Fargo slid in a mixed start to big banks' quarterly earnings.



5 years ago

Wall Street inches to fresh record after upbeat JPMorgan, Citi results

U.S. stocks eked out gains to hit fresh record highs on Tuesday, as stronger-than-expected earnings from JPMorgan and Citigroup added to optimism about the domestic economy ahead of the imminent signing of a U.S.-China trade deal.



5 years ago

Why the Ukrainian plane tragedy is unlikely to lead to global airspace rules

Why was the Ukrainian airliner mistakenly shot down near Tehran by Iranian forces last week for the loss of 176 lives even allowed to take off from a country that had just fired missiles towards its neighbour? And why didn't the airline just delay or cancel the flight?



5 years ago

Oil climbs after five days of losses ahead of U.S.-China trade pact

Oil prices climbed on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased.



5 years ago

Here's what top Democratic presidential candidates could say about Social Security at the Iowa debate

As the Democratic presidential campaigns heat up, candidates have started trading jabs on one important issue: Social Security. Though the topic has been largely absent from the debate stage, that could change on Tuesday night. Here's where these six candidates stand on the issue.

5 years ago

Yen gains, yuan weakens on report tariffs on China to stay through U.S. election

China's yuan weakened on Tuesday and the Japanese yen reversed earlier losses after a report that the United States will keep tariffs on Chinese goods through the U.S. election hurt risk sentiment.



5 years ago

Beyond Meat is on the move again, trading in big swings and burning short sellers

Trading in Beyond Meat was halted on Tuesday as the much-shorted stock has been volatile in recent days.

5 years ago

Drag from Trump's trade wars continues to ripple through U.S. economy

As U.S. President Donald Trump and Chinese Vice Premier Liu He prepare to sign a "Phase 1" trade deal, new data show that the costs of Trump's trade wars are proving more widespread, deeper and longer-lasting than previously believed.



5 years ago