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...
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.
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...
U.S. Midwest factory index sags to lowest since December 2015: Chicago PMI
U.S. Midwest manufacturing activity unexpectedly deteriorated to its weakest level since December 2015 in July amid ongoing trade dispute between China and the United States, an...
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...
Amazon to buy Israeli startup E8 storage: media
E-commerce giant Amazon has agreed to buy Israeli storage technology startup E8 Storage, Israeli financial media reported on Wednesday.
Asian factories suffering, more stimulus seen ahead
Asian factory activity contracted further in July, fuelling worries that a Sino-U.S. trade war and a slowdown in China could tilt the world toward a global...
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,...
Crown Resorts takes out newspaper ads in attack on 'deceitful campaign'
Australian casino giant Crown Resorts issued full-page newspaper ads on Thursday describing recent media reports that alleged it pressured officials to fast-track visas for Chinese gamblers...
China to buy more U.S. farm products, talks to resume in September: White House
China will ramp up purchases of American agricultural exports, a White House spokeswoman said on Wednesday after U.S.-China trade talks concluded in Shanghai, offering no other...
Text of the FOMC statement
Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting: