Latest News on private equities market

Amazon issues one-year pause on police use of facial recognition software

Amazon.com Inc on Wednesday said it was implementing a one-year moratorium on police use of its facial recognition software, a reversal of its long-time defense of law enforcement's use of the technology.



4 years ago

Fed shifts tone from repeated lockdown fears to jobs focus

At Fed Chair Jerome Powell's policy meeting press conference six weeks ago he talked repeatedly about the possibility of second and third waves of the novel coronavirus in the months ahead and the havoc that could wreak on the U.S. economy.



4 years ago

Europe's Just Eat Takeaway to buy U.S. delivery firm Grubhub for $7.3 billion

European food ordering firm Just Eat Takeaway.com NV on Wednesday announced a $7.3 billion deal to buy U.S. food delivery firm Grubhub Inc and create the world's biggest food delivery company outside of China.



4 years ago

White House works to move stalled airline contact tracing plan: sources

The White House wants a plan in place by Sept. 1 for airlines to collect contact tracing information from U.S.-bound international passengers, but will not immediately implement a Centers for Disease Control and Prevention (CDC) proposal, three people briefed on the matter said on Wednesday.



4 years ago

Amazon pauses police use of facial recognition tech for a year

Amazon.com Inc on Wednesday said it was implementing a one-year moratorium on police use of its facial recognition software, reversing its long-time support of selling the technology to law enforcement.



4 years ago

Asia stocks set to fall on Fed's dour outlook

Asian stocks were set to fall on Thursday after gloomy economic projections from the U.S. Federal Reserve sent the greenback and most Wall Street shares lower.



4 years ago

Goldman Sachs employees to start returning to U.S. offices from June 22

Goldman Sachs Group Inc said on Wednesday it plans to start the return of an initial group of its employees to its offices in New York, Jersey City, Dallas and Salt Lake City from June 22.



4 years ago

Amazon pauses police use of its facial recognition tech for a year

Amazon.com Inc on Wednesday said it was implementing a one-year moratorium on police use of its facial recognition software, halting a business it long defended as many protested law enforcement brutality against people of color.



4 years ago

Oil prices slide on concerns about patchy demand recovery, record U.S. stocks

Oil prices fell in early trade on Thursday on worries about slow demand growth with coronavirus cases rising, U.S. crude stockpiles hitting an all-time high and the U.S. Federal Reserve projecting recovery from the pandemic would take years.



4 years ago

Oil prices drop on concerns about patchy demand recovery, record U.S. stocks

Oil prices fell more than 2% on Thursday on worries about slow demand growth with coronavirus cases rising, U.S. crude stockpiles hitting an all-time high and the U.S. Federal Reserve projecting recovery from the pandemic would take years.



4 years ago

Asia stock rush pauses, bonds rally on sober Fed

Asian shares eased on Thursday while bonds rallied after a downbeat economic outlook from the U.S. Federal Reserve stoked speculation it would have to add to already historic levels of stimulus to safeguard recovery.



4 years ago

Zoom suspends U.S.-based activists' account after Tiananmen event

Zoom Video Communications temporarily shut the account belonging to a group of U.S.-based Chinese activists after they held an event to commemorate the 31st anniversary of China's Tiananmen Square crackdown, the activists said on Thursday.



4 years ago

Walmart to stop keeping 'multicutural' beauty products in locked display cases

Walmart Inc will stop keeping personal care products designed for people of color in locked display cases, the retailer said, after the practice drew flak online with many saying it suggested customers for these products cannot be trusted.



4 years ago

With crisis response in place, Fed looks to long term

The Federal Reserve completes its latest policy meeting on Wednesday with attention turning from its massive response to the coronavirus pandemic and toward its still-developing plans to strengthen and lengthen a nascent economic recovery.



4 years ago

Exclusive: ECB prepares 'bad bank' plan for wave of coronavirus toxic debt - sources

European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of the coronavirus outbreak, two people familiar with the matter told Reuters.



4 years ago