Latest News on private equities market

Black corporate, nonprofit leaders say protests point to America's racial wealth gap, offer solutions

Black corporate, nonprofit leaders say protests point to America's racial wealth gap, offer solutions

On Monday several black leaders in business and finance voiced their reaction to CNBC over the killing of George Floyd and the protests that followed, saying the unrest is a result of both racial injustice and racial disparity in wealth between African Americans and whites in the U.S.

6 years ago
Brent oil rises to $40 amid hopes for output cuts, recovery

Brent oil rises to $40 amid hopes for output cuts, recovery

Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and a recovery from the coronavirus pandemic will spur fuel demand.



6 years ago
Zoom nearly doubles revenue forecast on remote-work boost, but costs rising

Zoom nearly doubles revenue forecast on remote-work boost, but costs rising

Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns.



6 years ago
Asian stocks set to gain as stimulus hopes support risk appetite

Asian stocks set to gain as stimulus hopes support risk appetite

Asian stocks were poised to follow the global rally on Wednesday as hopes of more government stimulus bolstered riskier assets and overshadowed a host of other worries from the coronavirus to Hong Kong and growing U.S. civil unrest.



6 years ago
Oil hits three-month high over hopes for output cuts

Oil hits three-month high over hopes for output cuts

Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic.



6 years ago
Google faces $5 billion lawsuit in U.S. for tracking 'private' internet use

Google faces $5 billion lawsuit in U.S. for tracking 'private' internet use

Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in "private" mode.



6 years ago
Big in China and tiny in the U.S., Fast Retailing seen weathering pandemic

Big in China and tiny in the U.S., Fast Retailing seen weathering pandemic

The coronavirus pandemic is shredding the global apparel industry, stripping hundreds of billions of dollars from sales and thrusting big names like J.Crew into bankruptcy protection.



6 years ago
Twitter names ex Google CFO Pichette as chair, Kordestani to stay on

Twitter names ex Google CFO Pichette as chair, Kordestani to stay on

Twitter Inc on Tuesday appointed Patrick Pichette, a former chief financial officer at Google, as the social network's board chairman, marking the first time in Twitter's history that an outsider will preside over the group.



6 years ago
Google is sued in U.S. for tracking users' 'private' internet browsing

Google is sued in U.S. for tracking users' 'private' internet browsing

Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by tracking their internet use from browsers set in "private" browsing mode.



6 years ago
U.S. FAA chief to testify at Senate hearing on Boeing 737 MAX

U.S. FAA chief to testify at Senate hearing on Boeing 737 MAX

U.S. Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in two fatal crashes in five months that killed 346 people.



6 years ago
Lyft says May rides jump 26% from prior month

Lyft says May rides jump 26% from prior month

Ride-hailing firm Lyft Inc said on Tuesday that rides on its platform rose 26% in May from the previous month helped by strong growth in cities where coronavirus-induced restrictions have been eased.



6 years ago
Twitter names ex-Google CFO Patrick Pichette chairman

Twitter names ex-Google CFO Patrick Pichette chairman

Twitter Inc said on Tuesday that it appointed Patrick Pichette, former chief financial officer at Google, as chairman, replacing Omid Kordestani.



6 years ago
Zoom doubles forecast for full-year revenue on remote-work boost

Zoom doubles forecast for full-year revenue on remote-work boost

Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns.



6 years ago
Wells Fargo stops giving loans to most independent car dealerships

Wells Fargo stops giving loans to most independent car dealerships

Wells Fargo & Co will stop providing loans to a majority of its independent auto dealer customers due to the economic challenges brought on by the COVID-19 pandemic, a spokeswoman said on Tuesday.



6 years ago
After Facebook staff walkout, Zuckerberg defends no action on Trump posts

After Facebook staff walkout, Zuckerberg defends no action on Trump posts

Facebook CEO Mark Zuckerberg told employees on Tuesday that he stood by his decision not to challenge inflammatory posts by U.S. President Donald Trump, refusing to give ground a day after staff members staged a rare public protest.



6 years ago