Major U.S. banks lower benchmark interest rates following Fed rate cut
Major U.S. banks lowered their benchmark rates for a wide range of consumer and commercial loans on Wednesday, following a rate cut from the Federal Reserve.
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.
Fed cuts interest rates, signals it may not need to do more
The Federal Reserve cut interest rates on Wednesday, but the head of the U.S. central bank said the move might not be the start of a...
Qualcomm outlook clouded by Huawei's smartphone gains in China
Qualcomm Inc's quarterly revenue and profit forecast fell short of Wall Street targets, driven by Huawei Technologies Co Ltd's strong gains in the Chinese smartphone market,...
U.S., China to keep talking on trade after little progress in Shanghai
U.S. and Chinese negotiators ended a brief round of trade talks on Wednesday with little sign of progress and agreed to meet again in September, prolonging...
Cisco whistleblower gets first False Claims payout over cybersecurity
Cisco Systems Inc has agreed to settle a whistleblower’s claim that it improperly sold video surveillance software with known vulnerabilities to U.S. federal and state governments,...
ElectroSpit on Microventures
ElectroSpit, the manufacturer of new-generation talkbox instrument, is raising funds on MicroVentures. The company has a valuation cap of $5 million and manufactures mobile and portable...
Subverse on Wefunder
Subverse, with a valuation cap of $15 million, is raising crowdfunding on WeFunder. The company runs a decentralized news network that is focused on providing good-faith...
Trump says Fed's Powell 'let us down' on interest rate decision
U.S. President Donald Trump said Federal Reserve Chairman Jerome Powell "let us down" with a quarter-percentage-point interest rate cut on Wednesday, saying the market wanted a...
State AGs fighting T-Mobile, Sprint merger request new trial date in Dec
An attorney for the state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's $26 billion merger with Sprint Corp has requested...
Dollar jumps, stocks fall after Fed rate outlook; pound stalls
The dollar index hit a more than 2-year high and stocks tumbled after Federal Reserve Chairman Jerome Powell said Wednesday's 25-basis-point rate cut was not the...
Fitbit cuts 2019 revenue view, Versa Lite sales lag; shares tank
Wearable device maker Fitbit Inc cut its 2019 revenue forecast on Wednesday, blaming disappointing sales of its newly launched cheapest smartwatch Versa Lite, sending its shares...
SmileDirectClub aims for $1 billion IPO in September: Sources
The company is on track to generate $1 billion in revenue in 2019, one of the people said.
A look back at the Fed's past rate-cutting cycles
U.S. interest rates have never been as low as they are now at the start of any past Federal Reserve interest rate reduction cycle.
JPMorgan, Citi lower benchmark interest rates following Fed rate cut
Two of the biggest U.S. banks, JPMorgan Chase & Co and Citigroup Inc , on Wednesday lowered their benchmark rates for a wide range of consumer...
Qualcomm's outlook weighed down by Huawei's smartphone gains in China
Qualcomm Inc's quarterly revenue and profit forecast fell short of Wall Street targets, driven by Huawei Technologies Co Ltd's strong gains in the Chinese smartphone market,...