Latest News on private equities market

Lew said the corporate tax cut created by the current administration should have put most large businesses in a strong cash position.

Treasury Secretary Mnuchin told CNBC the market sell-off will be short-lived and looks like a compelling investment opportunity.

Morocco on Friday suspended all flights and passenger ship traffic to and from France, the state news agency said.

As President Donald Trump scrambles for new ways to cushion the economic blow from the fast spreading coronavirus, industry groups, lawmakers and even some government officials are reviving a previous request: cut tariffs on Chinese and other imported goods.

U.S. stock markets opened sharply higher on Friday after their worst daily selloff in more than three decades as investors hoped more fiscal easing would head off a global recession.

U.S. Federal Reserve policymakers have already begun responding to the coronavirus with an emergency interest rate cut and a reopening of their crisis tool kit, all without a clear idea of what damage is being done outside of plummeting financial markets.

As the coronavirus spreads around the country, small business owners are beginning to feel early impacts such as supply-chain problems and lost sales.

Warren Buffett on Friday said the coronavirus pandemic forced him to cancel Berkshire Hathaway Inc's annual shareholder weekend, the largest gathering in corporate America, because the safety of participants and the wider community was paramount.

China's Wuhan city, ground zero of the new coronavirus outbreak, reported five new cases on Friday, the second day in a row the tally has been less than 10, while no locally transmitted infections were reported in the rest of the country.

Economist Mohamed El-Erian told CNBC on Friday that he expects trading to Wall Street to remain "choppy" but he suggested that he may be starting to see a light at the end of the tunnel.

World stocks bounced off their lows on Friday on hopes of more central bank stimulus and government spending, but were still set for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class.

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The head of British Airways said coronavirus was causing an unprecedented crisis, warning that aircraft would be parked like never before and staff laid off, in a hard-hitting staff message to address "the worsening situation".

Canada may soon advise against non-essential foreign travel, and it will be taking a number of new measures at airports in a bid to slow the spread of coronavirus, Prime Minister Justin Trudeau said on Friday.

U.S. Treasury Secretary Steven Mnuchin on Friday said he expected the U.S. economic hit from the coronavirus outbreak to be short-term, and that the Trump administration was keeping its options open for any other future steps that may be needed.