Latest News on private equities market

U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday.

The coronavirus pandemic has excerbated the growing sense that there's something broken with how the U.S. finances higher education. Plans to deliver relief to borrowers are taking off.

American Airlines Group Inc's is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said at a conference on Wednesday, and shot down speculation that a major U.S. carrier could disappear due to the coronavirus pandemic.

The Dow and S&P 500 rose on Wednesday, powered by banks stocks, as optimism for an economic recovery as lockdowns continued to ease overshadowed worries of simmering U.S.-China tensions.

U.S. businesses continued to be hammered by the effects of the novel coronavirus epidemic in the United States into the middle of May, a Federal Reserve report showed on Wednesday, and few expected a swift recovery despite some signs of hope.

Mgm Resorts said on Wednesday it would re-open its Las Vegas casinos on June 4 after months of closure due to public health restrictions related to the novel coronavirus pandemic on June 4.

Huawei Technologies Co's Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the United States to face bank fraud charges.

Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman and against the reelection of two directors at Exxon Mobil Corp over the company's approach to climate risks.

The euro and equity markets advanced on Wednesday as enthusiasm for the European Union's plans for a 750 billion euro ($823 billion) recovery fund offset concerns about unrest in Hong Kong over Beijing's proposed national security laws.

Shares of biotechs racing to make coronavirus vaccines, including Moderna Inc , fell about 10% on Wednesday, as investor concerns grew about the prospects of the experimental products that are still in early stages of development.

"There are some people that need to build for the future, and they're choosing to invest during these trying times now that they have more time to be home and be more thoughtful about investing," SoFi CEO Anthony Noto told CNBC.

Ralph Lauren Corp said on Wednesday a surge in online shopping was helping it get back on track in China and putting it on course for a recovery from the financial damage wrought by the COVID-19 lockdowns in other markets as well.

The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering U.S.-China tensions, although gains were capped by losses in technology stocks.

Micron Technology Inc raised its revenue forecast for the third quarter on Wednesday to a range of $5.2 billion to $5.4 billion from $4.6 billion to $5.2 billion, sending its shares about 3% higher.

Huawei Technologies Co Ltd's Chief Financial Officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday.