Latest News on private equities market

Paying down debt may not be the best way to use your coronavirus stimulus check

Paying down debt may not be the best way to use your coronavirus stimulus check

Whether you've got debt or other bills to pay, ask these questions to help you make the right decision.

6 years ago
'Dear Elon': Ukraine takes up Tesla's ventilator offer via Twitter

'Dear Elon': Ukraine takes up Tesla's ventilator offer via Twitter

Ukraine has taken to Twitter to ask Elon Musk to send it ventilators after the billionaire chief executive of Tesla Inc offered to ship them across the world during the coronavirus pandemic.



6 years ago
BA suspends more than 30,000 staff, owner scraps dividend

BA suspends more than 30,000 staff, owner scraps dividend

British Airways said on Thursday it has struck a deal with its unions to suspend more than 30,000 cabin crew and ground staff in one of the airline industry's most dramatic moves yet to survive the coronavirus pandemic.



6 years ago
U.S. weekly jobless claims hit record once again

U.S. weekly jobless claims hit record once again

The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.



6 years ago
Southwest Airlines to seek aid from U.S. Treasury as demand craters

Southwest Airlines to seek aid from U.S. Treasury as demand craters

Southwest Airlines Co said on Thursday it intends to file an application with the U.S. Treasury department for aid to help it ride out the sharp drop in travel demand caused by the massive lockdowns because of the coronavirus pandemic.



6 years ago
U.S. unemployment to shoot up while GDP declines in second quarter: congressional estimators

U.S. unemployment to shoot up while GDP declines in second quarter: congressional estimators

The U.S. unemployment rate will shoot past 10% in the second quarter and the growth rate of gross domestic product will decline by more than 7% as the coronavirus crisis grips the U.S. economy, according to projections released by the Congressional Budget Office (CBO) on Thursday.



6 years ago
Delivery Hero takes steps to support struggling restaurants

Delivery Hero takes steps to support struggling restaurants

Delivery Hero , one of the world's top online food delivery marketplaces, announced measures on Thursday to support restaurants that are trying to survive coronavirus lockdowns by ramping up deliveries to consumers stuck at home.



6 years ago
Honda extends North American auto plant shutdowns

Honda extends North American auto plant shutdowns

Honda Motor Co said Thursday it will extend a shutdown of all U.S. and Canadian auto plant production through April 10 and at its plant in Celaya, central Mexico, until April 13, because of the ongoing coronavirus outbreak.



6 years ago
White House says small business lending program will be running Friday, even as JPMorgan says it's not ready

White House says small business lending program will be running Friday, even as JPMorgan says it's not ready

The program is a crucial component of the $2 trillion stimulus package signed last week by President Trump to cushion disruptions tied to the coronavirus.

6 years ago
Jim Chanos says beware the 'virus stocks' like Peloton, Zoom benefiting temporarily from lockdowns

Jim Chanos says beware the 'virus stocks' like Peloton, Zoom benefiting temporarily from lockdowns

Short seller Jim Chanos warned investors about piling into "virus stocks" boosted by the coronavirus lockdown temporarily.

6 years ago
State unemployment offices scramble to handle surge in jobless claims amid coronavirus fallout

State unemployment offices scramble to handle surge in jobless claims amid coronavirus fallout

States are being inundated with record jobless claims and have scrambled to institute new policies, procedures and technology to manage the surge.

6 years ago
US Secret Service warns that coronavirus email scams are on the rise

US Secret Service warns that coronavirus email scams are on the rise

The U.S. Secret Service this week warned law enforcement and banks about malicious emails related to COVID-19 and said corporations should be on alert.

6 years ago
Jim Chanos says he covered bet against China's Luckin Coffee amid 70% plunge Thursday

Jim Chanos says he covered bet against China's Luckin Coffee amid 70% plunge Thursday

"You have to avoid these Chinese companies like the plague," Chanos said. "How many times do investors have to be burned?"

6 years ago
It could take 4 to 5 years for many Americans to recover wages lost to coronavirus

It could take 4 to 5 years for many Americans to recover wages lost to coronavirus

Some workers have been harder hit than others, and their climb back up could take years, an analysis from Payscale found.

6 years ago
Oil refiners face reckoning as demand plummets

Oil refiners face reckoning as demand plummets

The global oil refining industry is facing a reckoning from falling fuel demand that is the deepest and fastest ever.



6 years ago