Latest News on private equities market

Futures dip ahead of payrolls, business activity data

Futures dip ahead of payrolls, business activity data

U.S. stock index futures fell on Friday, with investors awaiting data on non-farm payrolls and business activity to assess the extent of the economic hit from the coronavirus.



6 years ago
FedEx hoards cash, slashes CEO pay amid coronavirus threat

FedEx hoards cash, slashes CEO pay amid coronavirus threat

FedEx Corp said on Friday it would pull $1.5 billion from a credit line and slash CEO pay as stay-at-home orders aimed at stemming the spread of the coronavirus in the United States and Europe hammer demand for its lucrative express services.



6 years ago
'Mom & Pop' firms worry they will be squeezed out of small business coronavirus aid

'Mom & Pop' firms worry they will be squeezed out of small business coronavirus aid

Family-owned restaurants fear they could be pitted against larger competitors, hotel chains and potentially investment funds in a race starting on Friday for a $349 billion pot of money the U.S. government will offer businesses hard-hit by coronavirus.



6 years ago
Applications OPEN:  UNCDF Announces Gig Economy Challenge – Driving Financial Health for Gig Workers

Applications OPEN: UNCDF Announces Gig Economy Challenge – Driving Financial Health for Gig Workers

UNCDF | Jia Wei Khor | April 2, 2020 APEC Malaysia, Bank Negara Malaysia (BNM), Malaysia Digital Economy Corporation (MDEC) and United Nations Capital Development Fund (UNCDF) launched the Gig Economy Challenge. The challenge is funded by MetLife Foundation through the i3 (Innovate, Implement and Impact) program. In light of COVID-19, gig workers are likely

6 years ago
Small businesses have 'a million questions' about paycheck relief loan as applications come due

Small businesses have 'a million questions' about paycheck relief loan as applications come due

As the SBA prepares to start accepting applications for payroll relief loans on Friday, business owners are confused about the program's details.

6 years ago
Dollar climbs on safe-haven bids; shrugs off horrible U.S. jobs number

Dollar climbs on safe-haven bids; shrugs off horrible U.S. jobs number

The dollar firmed against major currencies for a third straight day on Friday, as investors took shelter in the U.S. currency amid worsening economic fallout from the coronavirus outbreak.



6 years ago
Not for the first time, Central Park is providing hospital beds

Not for the first time, Central Park is providing hospital beds

New York's growing number of COVID-19 cases has temporary hospitals springing up around the city. It's not Central Park's first-ever hospital, though.

6 years ago
Luckin Coffee's journey from hot startup to $5billion share wipeout

Luckin Coffee's journey from hot startup to $5billion share wipeout

Here is a timeline of the Nasdaq-listed Luckin Coffee Inc's journey from a hot Chinese start-up to U.S. IPO and now an investigation for alleged fraud.



6 years ago
U.S. warns airlines to quickly refund tickets after canceled flights

U.S. warns airlines to quickly refund tickets after canceled flights

The U.S. Transportation Department on Friday issued a notice to airlines reminding them they are obligated to refund tickets when they cancel a flight or make a significant flight schedule change that passengers opt not to accept, but will not take any immediate action against airlines.



6 years ago
3M to make more face masks, ramp up imports to U.S. after Trump order

3M to make more face masks, ramp up imports to U.S. after Trump order

3M Co said on Friday it would increase the production of respirators and import more masks into the United States, after President Donald Trump invoked a law to help ease a shortage in the items needed to protect health staff against the coronavirus.



6 years ago
U.S. airlines face deadline to apply for federal payroll grants

U.S. airlines face deadline to apply for federal payroll grants

U.S. airlines and airport contractors faced a deadline of 5 p.m. EDT (2100 GMT) on Friday to tap the federal government for up to $32 billion in payroll grants to keep workers employed while they ride out the economic toll of the coronavirus on their business.



6 years ago
Once a sought-after perk, working from home could be here to stay

Once a sought-after perk, working from home could be here to stay

Once out of reach for many employees, telework goes mainstream as the coronavirus forces millions to work from home. Will it leave a lasting impact on how work is conducted?

6 years ago
China probes alleged fraud at Luckin Coffee, banks review IPO work

China probes alleged fraud at Luckin Coffee, banks review IPO work

China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc and sources said some of the banks involved in the Chinese chain's successful U.S. IPO last year were reviewing their work in the listing.



6 years ago
Factbox: Oil analysts sceptical about Saudi-Russian 'deal'

Factbox: Oil analysts sceptical about Saudi-Russian 'deal'

U.S. President Donald Trump is stoking the possibility of Saudi Arabia and Russia negotiating oil output cuts as the coronavirus outbreak hammers demand.



6 years ago
Brent oil rises above $32 on hopes of output deal

Brent oil rises above $32 on hopes of output deal

Benchmark Brent crude oil futures rose as high as $33.05 a barrel on Friday on rising hopes of a new global deal to cut global crude supply.



6 years ago