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Latest News on private equity markets

The IRS will waive this 2018 tax penalty for more than 400,000 filers

The IRS will automatically waive a tax underpayment penalty for a handful of 2018 filers. How to find out if you're affected.

6 years ago

U.S. curve inverts for first time in 12 years; 30-year yield tumbles

The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign of investor concern that the world's biggest economy could be heading for recession.



6 years ago

Oil drops 3% on weak global economic data, U.S. crude stocks build

Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.



6 years ago

GE secures four-year labor deal with unions for 6,600 workers

General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States, averting potential strikes that could have hit the ailing conglomerate's jet engine production, the company and unions said on Wednesday.



6 years ago

Global firms are sounding the alarm as Hong Kong protests deal "serious blow" to the city's outlook

Two months of protests in Hong Kong are starting to take a toll on some of the largest global companies, adding to a host of geopolitical concerns as the U.S.-China trade war drags on.

6 years ago

Stocks, oil plunge on growing signs of global slowdown

Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany's economy in contraction and China's worsening.



6 years ago

Dow posts biggest one-day drop since October as recession fears take hold

Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years.



6 years ago

Microsoft's latest privacy policy says vendors listen to voice data

Microsoft Corp said on Wednesday it updated its privacy policy to let customers know that it had been collecting voice data of its users with the help of employees and contractors.



6 years ago

Ackman's Pershing Square makes new investment in Berkshire Hathaway

Billionaire investor William Ackman's hedge fund Pershing Square Capital Management has made a new bet on Warren Buffett's Berkshire Hathaway Inc , according to a regulatory filing made on Wednesday.



6 years ago

Buffett's Berkshire increases bet on Amazon.com

Warren Buffett's Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, as U.S. stock indexes traded near record highs.



6 years ago

WeWork and the new brand of office-space providers

WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses as it prepares for an initial public offering as early as next month.



6 years ago

Markets register a shock, but is Trump right to blame the Fed?

It takes a lot to kill an economic expansion, typically requiring a major shock to bring growth to a halt and trigger a U.S. recession.



6 years ago

Fidelity Investments wins court battle with IRS over coal tax credits

Fidelity Investments on Wednesday won its court battle with the U.S. Internal Revenue Service over tax credits for the production of chemically treated coal.



6 years ago

Novartis replaces top scientists at Avexis after drug data manipulated

Novartis AG said on Wednesday it replaced the two top research and development executives at its Avexis unit after some data was manipulated from early testing of a gene therapy for infants that costs more than $2 million.



6 years ago

Buffett's Berkshire boosts Amazon.com bet, attracts Ackman

Warren Buffett's Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs.



6 years ago