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Latest News on private equity markets

U.S. private sector job growth at six-month low in November: ADP

U.S. private-sector job growth unexpectedly slowed to its weakest pace in six months in November, and goods producers and construction firms cut jobs, a private survey said on Wednesday.



5 years ago

Start-up Robinhood tops 10 million accounts even as industry follows in free-trading footsteps

The Silicon Valley start-up, mostly used by millennials, has grown rapidly from its 4 million subscribers in the summer of 2018.

5 years ago

[Brookings Institution Event Dec 5]: How to build guardrails for facial recognition technology

Brookings Institution | Dec 4, 2019 Facial recognition technology has raised many questions about privacy, surveillance, and bias. Algorithms can identify faces but do so in ways that threaten privacy and introduce biases. Already, several cities have called for limits on the use of facial recognition by local law enforcement officials. Now, a bipartisan bill

5 years ago

Wealthsimple to spin out advisory service into separate company

Wealthsimple | Isabelle Kirkwood | Dec 2, 2019 Toronto-based FinTech startup Wealthsimple is separating its direct to consumer and Wealthsimple for Advisors businesses and will transition the advisor-focused offering to a new company, BetaKit has learned. “We’re currently focused on identifying the right partner to support your business on a future platform.” Wealthsimple for Advisors

5 years ago

Peloton Christmas ad tagged 'sexist' on social media

Exercise bike and treadmill maker Peloton Interactive Inc's latest Christmas advertisement was widely criticized on social media as being "sexist" and "dystopian".



5 years ago

Trump says trade talks with China going 'very well'

U.S. President Donald Trump said on Wednesday that trade talks with China were going "very well," sounding more positive than on Tuesday when he said a trade deal might have to wait until after the 2020 U.S. presidential election.



5 years ago

Here are the biggest analyst calls of the day: Tesla, Target, Denny's & more

Here are the biggest calls on Wall Street on Wednesday.

5 years ago

Trump says Huawei is a security risk as NATO seeks secure 5G

U.S. President Donald Trump said on Wednesday that Chinese telecommunication firm Huawei was a security risk after NATO said it needed secure next-generation 5G technology.



5 years ago

Oil rises ahead of OPEC output talks

Oil gained on Wednesday ahead of an expected extension to production curbs by OPEC and its allies, with further support from industry data showing a larger than forecast drop in U.S. crude stockpiles.



5 years ago

Portag3 Ventures closes $320 million second fund focused on fintech investment

TechCrunch | Darrell Etherington | Dec 3, 2019 Canadian venture capital firm Portag3 Ventures has closed a second fund focused on investing in fintech startups, with final commitments from institutional and strategic LPs totally $427 million CAD (around $320 million USD). The fund will focus on early-stage investments, and it’ll look to invest in companies

5 years ago

Hyperpartisan politics has entered the small business outlook

From overall economic confidence to concerns about the potential impact of a Trump impeachment, Brexit and government shutdown, owners of businesses across the U.S. are deeply influenced by partisan politics, a new CNBC|SurveyMonkey analysis shows.

5 years ago

U.S. service sector slows more than expected in November

U.S. services sector activity slowed more than expected in November amid lingering concerns about trade tensions and worker shortages, which could revive fears about the economy's health.



5 years ago

Ryanair cuts planned capacity and jobs, blames 737 MAX delays

Low-cost airline Ryanair trimmed its passenger traffic forecast on Wednesday, saying it would cut summer capacity and an unspecified number of jobs as a result of further delays in returning Boeing's grounded 737 Max aircraft to service.



5 years ago

Barry Callebaut cites progress in helping cocoa farmers tackle child labor

Swiss cocoa products maker Barry Callebaut said on Tuesday that 26% of the farmer groups from which it sourced products in 2018/2019 had programs to prevent child labor,



5 years ago

Saudi Aramco's bookrunners recommend IPO should be priced at top end: sources

Saudi Aramco's bookrunners have recommended the oil giant should price its initial public offering at 32 riyals ($8.5) per share, the top of an indicative price range, three sources familiar with the deal said, potentially making it the world's biggest IPO.



5 years ago