Latest News on private equities market

Congress will let you take $100,000 from your 401(k). Should you?

The coronavirus relief bill passed by Senate will allow affected savers to pull up to $100,000 from their retirement plans, free of the 10% early withdrawal penalty. Here are 3 things you should know.

5 years ago

Stuck working from home? It won't save you much on your taxes

Those orders to stay home won't do much good for your 2020 taxes, even as you run up your electrical bill and use your own internet to do your job. Here's why.

5 years ago

What you need to know about unemployment benefits in the coronavirus relief bill

The $2 trillion coronavirus relief package passed by the Senate contains a big boost in unemployment benefits for Americans. Here's what you need to know.

5 years ago

Morgan Stanley promises no job cuts in 2020 as coronavirus crisis grows

Morgan Stanley pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to reassure employees worried about their jobs during the coronavirus pandemic.



5 years ago

IATA pleads for more help for airlines after U.S. offers $58 billion aid

The International Air Transport Association (IATA) on Thursday urged the world's major economies to act quickly to prevent irreversible damage to an airline industry that has seen demand crushed by the coronavirus crisis.



5 years ago

Morgan Stanley CEO James Gorman tells 60,431 employees: 'Your jobs are secure' this year

While Gorman's move is sure to calm frayed nerves on Wall Street, the bank had just completed a reduction in force of about 2% last year.

5 years ago

German airline Condor applies for 200 million euro in state aid: sources

The German airline Condor has applied for an additional 200 million euros in state aid in the wake of the coronavirus outbreak, two people with knowledge of the matter said on Thursday.



5 years ago

Oil prices sink as crippled demand outweighs stimulus hopes

Oil prices fell on Thursday after three sessions of gains as restrictions on travel worldwide crimped fuel demand, with U.S. crude futures plunging about 4% after the United States scrapped plans to buy domestic oil for its emergency reserve.



5 years ago

Hedge fund billionaire Paul Tudor Jones gets emotional about his daughter getting coronavirus

Paul Tudor Jones on CNBC got personal about his daughter's recovery from the coronavirus and how he aims to help New York City's most vulnerable denizens.

5 years ago

IMF asks G20 to back doubling of its emergency financing to fight coronavirus

The International Monetary Fund on Thursday asked G20 leaders to back a doubling of its emergency financing capacity to strengthen its response to the rapidly spreading coronavirus pandemic that is set to cause a global recession in 2020.



5 years ago

Stocks up on $2 trillion stimulus Wall Street rally; dollar takes a hit

A Wall Street rally powered global gains in stocks on Thursday despite a record number of new unemployment filings in the United States, as traders focused on the unanimous passage of a $2 trillion coronavirus relief bill in the U.S. Senate and the possibility that there is more stimulus to come.



5 years ago

Geely's Volvo Cars warns virus outbreak to hit 2020 earnings

Sweden's Volvo Car Group, owned by China's Geely, scaled back its guidance for the full year, warning that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighed on its business.



5 years ago

'Most photographed' NYSE trader contracts coronavirus

Peter Tuchman, dubbed the "most photographed trader on Wall Street", took to Instagram on Thursday to tell his 10,000-odd followers that he had tested positive for coronavirus.



5 years ago

Exclusive: Coronavirus crisis could destroy far more than 25 million jobs - ILO official

The number of jobs lost around the world due to the coronavirus crisis could be "far higher" than the 25 million the International Labour Organization (ILO) estimated just a week ago, a senior ILO official said on Thursday.



5 years ago

Nestle staff to get full salary for three months where COVID-19 halts work

Nestle , the world's biggest food company, said it would pay full salaries to employees affected by work stoppages for a minimum of three months, to protect them from the fallout of the coronavirus pandemic.



5 years ago