Latest News on private equities market

Nvidia forecasts sales above estimates, powered by data center results

Nvidia forecasts sales above estimates, powered by data center results

Nvidia Corp on Thursday forecast second-quarter revenue above analysts' estimates, as demand surges for its chips used in the data centers that power the shift to working remotely because of the new coronavirus outbreak.



6 years ago
Cloud computing stocks are hitting an all-time high as coronavirus forces remote work, according to one measure

Cloud computing stocks are hitting an all-time high as coronavirus forces remote work, according to one measure

DocuSign, Shopify, Twilio and Zoom have helped a grouping of smaller cloud names called the BVP Nasdaq Emerging Cloud Index outperform major indexes this year.

6 years ago
Hewlett Packard Enterprises lays out $1 billion savings plan, pay cuts

Hewlett Packard Enterprises lays out $1 billion savings plan, pay cuts

Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least $1 billion by 2022 and cut the base salaries of top executives by 25% as the software maker seeks to weather the coronavirus crisis.



6 years ago
Judgment on key aspect of Huawei CFO's extradition trial in Canada due next Wednesday

Judgment on key aspect of Huawei CFO's extradition trial in Canada due next Wednesday

A decision on a key legal aspect of the trial over whether Huawei Technologies Chief Financial Officer Meng Wanzhou can be extradited to the United States from Canada will be announced next Wednesday, the British Columbia Supreme Court said on Thursday.



6 years ago
Small businesses can use PPP loans for masks and reopening expenses like sneeze guards in proposed bill

Small businesses can use PPP loans for masks and reopening expenses like sneeze guards in proposed bill

The proposed bill gives small business owners more flexibility in how they use the loans, addressing several persistent complaints about the $660 billion effort.

6 years ago
GM to restart part of its plant in Silao, Mexico, Thursday

GM to restart part of its plant in Silao, Mexico, Thursday

General Motors Co will restart its eight-speed transmission line at its plant in Silao in Mexico's Guanajuato state on Thursday, according to a company message sent to workers.



6 years ago
How long it could take before a second stimulus check is in your hands

How long it could take before a second stimulus check is in your hands

House Democrats want to send out another round of $1,200 checks. Senate Republicans aren't so sure. A new round of payments will come only after some tough political negotiations and another complicated deployment schedule.

6 years ago
Senators attempt to advance bill lengthening coronavirus business loan terms

Senators attempt to advance bill lengthening coronavirus business loan terms

Negotiators in the U.S. Senate reached agreement on Thursday on legislation increasing the amount of time, to 16 weeks from the current eight-week deadline, for small businesses to use Paycheck Protection Program loans, according a Senate aide.



6 years ago
Indiana mattress business adapts to lure customers back

Indiana mattress business adapts to lure customers back

Lauren Taylor is figuring out what’s required to run a mattress store in the age of a deadly pandemic.



6 years ago
Trump visits Michigan Ford plant amid political tensions, does not wear mask

Trump visits Michigan Ford plant amid political tensions, does not wear mask

President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid hostility with its Democratic governor over how quickly to reopen its economy during the coronavirus pandemic, opting not to wear a protective face mask.



6 years ago
Hewlett Packard to cut costs by $1 billion, reduces CEO pay by 25% on pandemic woes

Hewlett Packard to cut costs by $1 billion, reduces CEO pay by 25% on pandemic woes

Hewlett Packard Enterprise on Thursday unveiled a plan to cut costs by at least $1 billion by 2022 and said it would reduce the base salary of its chief executive officer by 25%, in response to the impact of the COVID-19 pandemic.



6 years ago
Nvidia forecasts second-quarter revenue above estimates

Nvidia forecasts second-quarter revenue above estimates

Nvidia Corp on Thursday forecast second-quarter revenue above analysts' estimates, as demand surges for its chips used in data centers that power the shift to working remotely due to the coronavirus outbreak.



6 years ago
Wall Street finishes down as U.S.-China tensions heighten trade deal worries

Wall Street finishes down as U.S.-China tensions heighten trade deal worries

Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade deal reached early this year between the world's two largest economies.



6 years ago
Brent at highest since March on U.S. stock draw, recovering demand

Brent at highest since March on U.S. stock draw, recovering demand

Global benchmark Brent rose more than 1% on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease coronavirus restrictions on people's movements.



6 years ago
U.S. senators urge Delta, JetBlue to restore employee hours

U.S. senators urge Delta, JetBlue to restore employee hours

A group of U.S. senators is urging Delta Air Lines Inc and JetBlue Airways Corp to immediately reverse their decisions to reduce employees' hours, calling them contrary to the requirements of taxpayer-funded payroll assistance.



6 years ago