Latest News on private equities market

Because of the coronavirus crisis, the IRS has issued new guidelines allowing for mid-year changes to employee health plans and flexible spending accounts.

Business owners who were worried about proving their need for emergency funding can breathe a little easier for now. The Treasury Department and Small Business Administration is granting "safe harbor" for firms that borrowed less than $2 million.

The novel coronavirus crisis continues to pummel the U.S. labor market, with the number of Americans filing for unemployment benefits falling less than expected last week, suggesting a second wave of layoffs in industries and jobs not initially impacted by business closures caused by the pandemic.

Wall Street's main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic downturn due to the virus outbreak.

A near decade-long battle to clear his name has ended in victory, but the star rainmaker credited with playing a pivotal role in saving one of Britain's biggest banks from a government bailout in 2008 is still waiting to put his life back on track.

Americans received $48 billion in unemployment benefits in April. The payout could have exceeded $90 billion if it weren't for administrative delays and other factors, according to a new analysis.

The S&P edged higher on Thursday as investors weighed the prospect of additional stimulus and states reopening for business against bellicose remarks from President Donald Trump about U.S.-China trade negotiations and dire warnings from a whistleblower about the U.S. response to the coronavirus pandemic.

Lufthansa plans to resume flights to destinations including Los Angeles, Toronto and Mumbai next month as it begins to restore some of the capacity grounded by the coronavirus crisis, the German airline group said on Thursday.

One Thursday morning seven weeks ago, Federal Reserve Chair Jerome Powell made a rare appearance on NBC's "Today Show" to offer a reassuring message to Americans dealing with economic fallout from measures to contain the coronavirus outbreak.

The coronavirus crisis drove a dramatic weakening in American households' finances as millions of people lost work or had their hours or pay reduced, with low-wage workers taking the biggest hit, according to a report released by the Federal Reserve on Thursday.

Walt Disney Co and unions representing workers at Florida's Walt Disney World have reached an agreement on safeguards to protect employees from coronavirus, a union statement said on Thursday, removing one of the company's hurdles to reopening its popular theme parks.

U.S. President Donald Trump signaled a further deterioration of his relationship with China over the novel coronavirus, saying he has no interest in speaking to President Xi Jinping right now and going so far as to suggest he could even cut ties with the world's second largest economy.

The coronavirus pandemic hit households making less than $40,000 a year the hardest. Many are too strapped to pay their bills.

General Motors Co's self-driving car unit Cruise told staff on Thursday it has decided to lay off workers, the latest start-up in the nascent industry to cut jobs during the coronavirus pandemic.

Nike Inc said on Thursday store closures in North America will hurt its retail and wholesales businesses in the fourth quarter.