Schwab is laying off 600 employees amid hit from the Fed's interest rate cuts
The cuts represent about 3% of the bank's workforce and comes across all sectors.
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.
Holt Accelerator’s 2019 Cohort Canada Roadshow is Coming to Vancouver, Waterloo, Toronto, Montreal!
Holt Accelerator Samah El Falah Sep 11, 2019 Holt Deal Day event series are seeking senior representatives of financial institutions, or fintech investors and experts to...
UK finance ministry to scrutinize Hong Kong Exchange $39 billion bid for LSE
Britain's finance ministry has said it will scrutinize Hong Kong Exchanges and Clearing's attempted takeover of the London Stock Exchange, after the Asian bourse made a...
Hong Kong Exchange makes surprise $39 billion offer for Britain's LSE
Hong Kong Exchanges and Clearing made a surprise $39 billion takeover approach for the London Stock Exchange on Wednesday, aiming to sabotage the LSE's acquisition of...
Wall Street analysts cheer Apple's surprisingly low pricing for the iPhone and Apple TV+
Major Wall Street analysts loved Apple's refreshed product unveiling which featured a new lower cost iPhone.
Goldman, Bank of America join JP Morgan on growing list of underwriters for Saudi Aramco's IPO
There will be six global coordinators of the IPO, sources said.
OPEC cuts 2020 oil demand forecast, urges effort to avert new glut
OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted...
Saudi Aramco gives nine banks top roles on world's biggest IPO: sources
Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world's largest, two sources...
U.S. producer prices rise; Fed still seen cutting interest rates
U.S. producer prices unexpectedly rose in August and underlying producer inflation rebounded, but the data on Wednesday did not change financial market expectations that the Federal...
Trade optimism, Apple push Wall Street slightly higher
U.S. stocks rose slightly on Wednesday as China's move to ease trade tensions with the United States soothed investor nerves, while shares of Apple gained a...
Factbox: How the LSE and HKEX stack up
Hong Kong Exchanges and Clearing (HKEX) has made an unsolicited $39 billion takeover approach for the London Stock Exchange (LSE), with any offer contingent on the...
U.S. producer prices unexpectedly rise; Fed rate cut still expected
U.S. producer prices unexpectedly rose in August and underlying producer inflation rebounded, but the data on Wednesday did not change financial market expectations that the Federal...
Hong Kong Exchanges makes surprise $39 billion offer for Britain's LSE
Hong Kong Exchanges and Clearing has made an unsolicited $39 billion takeover approach for the London Stock Exchange , a proposal contingent on the LSE ditching...
Huawei plans first onshore bonds totaling 6 billion yuan
Huawei Technologies [HWT.UL] plans to issue two tranches of bonds worth 3 billion yuan ($422 million) each, the first time it is tapping the onshore yuan...
Explainer: How does negative rate policy work?
U.S. President Donald Trump has suggested that the U.S. Federal Reserve drive interest rates into negative territory. He says his motivation was to refinance the U.S....