Dollar rises after Fed cuts rates, signals move is one-off
The U.S. dollar rose to two-year highs on Wednesday after Federal Reserve Chair Jerome Powell, having made the first cut to interest rates since 2008, signaled...
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.
S&P 500 posts biggest drop since May after Fed cut, Powell comments
The Dow and S&P 500 suffered their biggest daily percentage drops since May 31 on Wednesday after the Federal Reserve cut interest rates for the first...
Fitbit lowers 2019 revenue forecast, shares sink 16%
Wearable device maker Fitbit Inc forecast third-quarter revenue below analysts' estimates and lowered its 2019 sales outlook as the company expects weak smartwatch sales and lower...
PG&E says it 'strongly disagrees' delayed maintenance played role in Camp Fire
PG&E Corp said in court papers on Wednesday that it "strongly disagrees" with a suggestion in a Wall Street Journal article that the company knowingly deferred...
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:
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,...
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...
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.
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.
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...
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...
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...
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...
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...
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,...