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Latest News on private equity markets

Oil surges on tanker attacks; stocks rise on Fed rate cut expectations

Oil futures rose on Thursday after attacks on two tankers off the coast of Iran, while the U.S. Treasury yield curve steepened and stocks rose following economic data seen as strengthening the case for the Federal Reserve to cut interest rates this year.



4 years ago

Target expands same-day shipping as delivery war heats up

Target Corp on Thursday expanded its same-day delivery options for online shoppers, intensifying the race among retailers to deliver orders faster.



4 years ago

U.S. judge sets pre-trial hearing next week for Sprint/T-Mobile deal

The judge hearing a complaint from state attorneys general seeking to stop T-Mobile US Inc from buying Sprint Corp for $26 billion will hold a pre-trial hearing next week.



4 years ago

Over 600 U.S. companies urge Trump to resolve trade dispute with China: letter

Walmart Inc, Target Corp and more than 600 other companies urged U.S. President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers.



4 years ago

Trump talks trade with Apple CEO Cook as China dispute looms

U.S. President Donald Trump met with Apple CEO Tim Cook on Thursday to discuss trade, U.S. investment, immigration and privacy, a White House spokesman said.



4 years ago

U.S. denies Tesla, GM, Uber 25% Chinese tariff relief

The Trump administration is expanding efforts to block the use of Chinese technology in advanced vehicles, denying additional requests by Tesla Inc for tariff relief on key components of its electric vehicles, and rejecting ride-hailing company Uber's petition to waive tariffs on electric scooters and at least 50 separate requests by General Motors Co.



4 years ago

Huawei says in process of preparing Hongmeng software roll-out

An executive of Huawei Technologies Co Ltd said on Thursday that the Chinese telecoms giant is in the process of potentially launching its "Hongmeng" operating system (OS) to replace the U.S. Android OS.



4 years ago

Biden criticizes Amazon for not paying federal taxes in 2018

Democratic presidential hopeful Joe Biden on Thursday took umbrage with e-commerce giant Amazon.com Inc's $0 federal tax bill in 2018 and said no company making billions in profits should pay a lower tax rate than firefighters and teachers.



4 years ago

PetSmart's Chewy gets Wall Street tails wagging with $1 billion IPO

Chewy Inc said on Thursday it priced its initial public offering at $22 per share, above its target, and sold more stock than originally planned, valuing the online pet products retailer at $8.77 billion.



4 years ago

'Bond King' Jeffrey Gundlach bets on gold, sees rising recession chances, dollar decline

Jeffrey Gundlach expects the dollar to finish the year lower.

4 years ago

Wall Street set to open lower as trade tensions weigh

Wall Street was set to open slightly lower on Wednesday as worries of a protracted U.S.-China trade war was heightened by Washington's tough stance, but losses were limited by tame inflation data that supported the case for an interest rate cut.



4 years ago

U.S. consumer prices barely rise; underlying inflation muted

U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy could increase pressure on the Federal Reserve to cut interest rates this year.



4 years ago

Paul Tudor Jones says Fed rate cuts are coming and this is what investors should do

The strategy will entail a bet on falling rates, rising gold, against the dollar and "at some point" stocks, the hedge fund magnate said.

4 years ago

Reckitt picks PepsiCo executive as CEO, going outside for first time

Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals.



4 years ago

Exclusive: Ethiopia plans to issue telco licenses by year-end

Ethiopia is aiming to award telco licenses to multinational mobile companies by the end of the year, ending a state monopoly and opening up one of the world's last major closed telecoms markets, three people with direct knowledge of the process said.



4 years ago