Bitcoin tumbles as U.S. senators grill Facebook on crypto plans
The cryptocurrency market took a beating on Tuesday with bitcoin losing over 10% in value after U.S. lawmakers grilled Facebook on its cryptocurrency plans, as political...
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.
U.S. SEC chief says he has not met with Facebook since Libra announcement
A top U.S. financial market regulator said on Tuesday he has not discussed with Facebook its Libra currency proposal, nearly a month after the social media...
Facebook should not be trusted with 'crazy' cryptocurrency plan: senators
Democratic and Republican lawmakers said on Tuesday that Facebook Inc's track record of what they described as untrustworthiness should stand in the way of it launching...
Big banks signal Fed rate cuts may not be so great for them
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.
S&P 500 edges lower after mixed bank earnings, Trump comments
The S&P 500 edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening profits, while comments from U.S. President...
SEC reaches $60 million settlements involving ex-American Realty executives
Two former executives at American Realty Capital Properties Inc, including the onetime billionaire who built it, have reached more than $60 million in settlements with the...
Wall Street edges lower after mixed bank earnings, Trump comments
U.S. stocks were lower on Tuesday as results from big Wall Street lenders rekindled concerns about slowing profit growth in a low interest rate environment, while...
Asia shares slip, dollar gains as sterling slides
Asian shares drifted lower on Wednesday after a lacklustre performance by Wall Street, while the dollar got a lift from robust U.S. retail data and a...
Wells Fargo tempers cost-cutting outlook
Wells Fargo & Co reported higher quarterly earnings on Tuesday, due in part to lower expenses, but the bank reined in its outlook for cost cuts...
Five things to look for in Netflix's second-quarter report
When Netflix Inc reports second-quarter earnings on Wednesday, a big question is how the streaming giant will handle a slew of new competitors barging in to...
EA slides after losing licensing rights to Cristiano Ronaldo's team Juventus for FIFA 20
Shares of Electronic Arts dropped on Tuesday after the video game company announced it no longer has a licensing agreement with Juventus, the Italian soccer club...
Global stocks fall, U.S. yields rise on retail sales data
A gauge of global equities fell on Tuesday and U.S. Treasury yields climbed as a stronger-than-anticipated report on retail sales raised the possibility the Federal Reserve...
'Amazon is not brand-friendly' — analysts break down weaknesses and strengths on Prime Day
While Prime memberships lead to increased shareholder value, Amazon also needs to work on serving brands, according to analysts.
JPMorgan beats profit estimates but shows signs of pressure
JPMorgan Chase & Co reported a quarterly profit that beat estimates on Tuesday as higher interest income and consumer lending offset lower activity at its trading...
JP Morgan posts an earnings beat, but forecast on interest income disappoints
The Federal Reserve's looming interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.