Latest News on private equity markets

Spirit says working with Airbus, trade representatives on tariff impact

Spirit Airlines said it is working with Airbus SE and trade representatives to mitigate the impact of U.S. tariffs on European-made aircraft but does not see a near term impact on its overall cost structure.



5 months ago

Short sellers betting against Tesla lose more than $1 billion in single day as stock surges

Tesla popped 16.5% Thursday, meaning short sellers betting against the stock are on track for $1.4 billion in mark-to-market losses.

5 months ago

FCA pays up to keep its Jeep brand on CR7 Juve jersey

Italian-American carmaker Fiat Chrysler more than doubled the value of a jersey sponsorship deal with Juventus in a sign of increasing support from the Agnelli family for Italy's football champions.



5 months ago

Here's what every major analyst expects from Amazon earnings after the bell

Wall Street analysts predict what will happen with Amazon's earnings report on Thursday after the bell.

5 months ago

American, Southwest profits rise even as 737 MAX impact swells

American Airlines Group and Southwest Airlines posted quarterly profit rises on Thursday even as the two U.S. carriers pointed to rising impact from the continued grounding of Boeing 737 MAX.



5 months ago

Rosneft says switched contracts to euros from dollars amid U.S. sanctions

Russia's largest oil company Rosneft has fully switched the currency of its contracts to euros from U.S. dollars in a move to shield its transactions from U.S. sanctions, its chief executive Igor Sechin said on Thursday.



5 months ago

Gucci posts solid growth despite Hong Kong turmoil

Revenue growth at Kering SA's Gucci brand slowed further in the third quarter, though the label managed to offset some of the turmoil in Hong Kong through business in other Asian markets and its sales beat expectations.



5 months ago

Financial satisfaction in the U.S. dips again, according to a key benchmark

The American Institute of CPA's quarterly Personal Financial Satisfaction Index shows a 3.6% decline from the previous reading — which also had posted a slight drop.

5 months ago

'Never give up!' Draghi tells Lagarde as he leaves ECB

European Central Bank President Mario Draghi told his successor on Thursday to "never give up" on propping up the euro zone economy in the face of a worsening outlook and little help from governments.



5 months ago

MindBridge announces collaboration with the Bank of Canada on AI and payment transactions

MindBridge | Roy Sarkar | Oct 23, 2019 Ottawa, Canada, October 23, 2019 – MindBridge Analytics Inc. has been selected by the Bank of Canada to be a part of the Bank’s ‘Partnerships in Innovation and Technology’ (PIVOT) program (PIVOT) in a proof-of-concept application of its artificial intelligence solution to spot abnormalities in payment transactions.

5 months ago

Wall Street mixed after earnings reports; 3M weighs on Dow

The S&P 500 and Nasdaq indexes rose on Thursday, getting a boost from Microsoft and PayPal's strong earnings, but poor results from 3M pushed the blue-chip Dow Jones index into the red.



5 months ago

U.S. business investment still weak; jobless claims fall

New orders for key U.S.-made capital goods fell more than expected in September and shipments also declined, a sign that business investment remains soft amid the fallout from the U.S.-China trade war but other data on Thursday showed the spat has yet to have much effect on the overall jobs market.



5 months ago

How to Value a Fintech Startup

Toptal Finance | Nirvikar Jain Fintech is a popular contemporary buzzword and many of its products touch our lives every day. A fintech simply refers to a company that operates in the financial services sector and leverages the power of technology to simplify, automate, and improve the delivery of financial services to end customers. Further,

5 months ago

Stanford Report Highlights Blockchain’s Potential for Social Impact

Stanford Center of Social Innovation | Doug J. Galen and others | Sep 2019 Over the last five years, the promise of blockchain technology has swept the social impact world, with many innovators experimenting to find use cases for this uniquely secure technology. This has resulted in hundreds of new organizations, ventures, and initiatives (referred

5 months ago

Tesla overtakes GM as most valuable U.S. automaker, short sellers burned

Tesla Inc shares soared 17% on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk's promise of a profit in the third quarter, even as doubts remained about its long-term prospects.



5 months ago