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Latest News on private equity markets

Exclusive: WeWork considers dramatic valuation cut in IPO

WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.



4 years ago

Hong Kong exchange vows to press on with $39 billion LSE bid after rebuff

Hong Kong's exchange refused to give up on its bid to take over the London Stock Exchange after the British bourse emphatically rejected its $39 billion takeover offer on Friday.



4 years ago

How much you can expect to receive from Social Security if you make $50,000 a year

Your Social Security benefits are based on income, the year you were born and the age you decide to start taking money out. So what if you earn a $50,000 salary? Here's how your monthly benefit amount is calculated.

4 years ago

Max Levchin’s Affirm seeks capital amid surge in fintech funding

TechCrunch | Kate Clark | Sep 12, 2019 Affirm, founded by PayPal’s Max Levchin, is said to be raising as much as $1.5 billion in a combination of debt and equity, according to people with knowledge of the company’s fundraising activities. Josh Kushner’s New York venture capital firm Thrive Capital is said to be leading

4 years ago

PG&E settles wildfire claims with insurers for $11 billion

PG&E Corp said on Friday it has reached an $11 billion settlement to resolve most claims by insurance carriers related to 2017 and 2018 wildfires in California.



4 years ago

Apple, Broadcom keep Wall Street gains in check

Losses in shares of U.S. technology majors Apple and Broadcom held the S&P 500 just under record levels on Friday, as traders balanced the latest indicators of an uncertain global growth outlook with perceived progress in Sino-U.S. trade relations.



4 years ago

Regulating financial innovation – going behind the scenes

FCA | Sep 11, 2019 Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at the Cambridge Centre for Alternative Finance annual conference, Judge Business School. Highlights: The UK has led the rest of the world with developments like the regulatory Sandbox, we are very proud of what has been

4 years ago

'The most important chart in the world' offers a warning sign for stocks

The benchmark 10-year Treasury note yield tested 1.5% in late August and early September. Another challenge could signal tough times.

4 years ago

Factbox: What needs to happen before Boeing's 737 MAX can fly again

Boeing Co's best-selling jet, the 737 MAX, was grounded globally in March, days after the crash of an Ethiopian Airlines flight that followed a similar Lion Air disaster in Indonesia in October. A total of 346 people died in the two crashes.



4 years ago

Solid U.S. retail sales calm some worries about economy

U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.



4 years ago

IMF has a decision to make in Argentina: rock or hard place?

The International Monetary Fund has a tough choice to make in Argentina: Unlock over $5 billion in funds under the country's loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.



4 years ago

JP Morgan puts traders on leave as Justice Department's criminal investigation continues

JP Morgan places two precious metals traders on leave as a criminal probe into the firm's trading practices continues.

4 years ago

New Ms. Monopoly game gets the gender pay gap wrong, critics say

Critics say the rules of Ms. Monopoly gloss over the troubling forces behind the real-world gender wage gap.

4 years ago

Wall Street mixed as trade hopes capped by Apple drop

Wall Street was mixed on Friday, with the S&P 500 and the Dow hovering just below all-time highs as cautious optimism regarding easing U.S.-China trade tensions was held in check by a drop in Apple stock.



4 years ago

Apple disputes negative Goldman call hitting the stock, says TV+ will not have 'material impact'

Apple told CNBC in a statement that it does not expect the launch of Apple TV+ "to have a material impact on our financial results," as Goldman estimated.

4 years ago