Latest News on private equities market

Nasdaq hit a record high at the open on Wednesday following a strong monthly domestic private jobs data and on reports of treatments to fight the fast-spreading coronavirus.

Barclays said Tesla's recent rally resembles the rise and fall of chipmaker Qualcomm in 1999.

U.S. stock index futures surged on Wednesday on reports of medical breakthroughs in the fight against the fast-spreading coronavirus and expectations of more stimulus from China to limit the economic fallout of the epidemic.

German sportswear company Adidas on Wednesday said it was temporarily shutting a "considerable" number of its stores in China due to the coronavirus outbreak which has killed nearly 500 people and infected thousands.

Shares of Ford Motor Co fell nearly 8% on Wednesday, a day after the automaker forecast a lower profit for 2020, surprising analysts who also criticized the company's management for holding back details on the earnings shortfall.

Twenty-one states now require a high school student to take personal finance course to graduate, up from 17 in 2018, according to a new report.

German sportswear company Adidas on Wednesday said it was closing a "considerable" number of its shops in China, where the fast-spreading coronavirus has killed nearly 500 people and infected thousands.

General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to more than triple GM's size, but Wednesday the Detroit automaker is expected to make the case that its EV and self-driving technology strategy deserves a higher value.

On the streets of Buenos Aires, money changers known as "arbolitos" or "little trees" are taking advantage of Argentina's capital controls to take a slice of a booming black market trade in U.S. dollars.

Malaysian long-haul budget airline AirAsia X has formed a board committee to review corruption allegations by Britain's Serious Fraud Office (SFO), a stock exchange filing showed on Wednesday.

Japan's Mitsubishi Corp is watching developments from the coronavirus outbreak for effects on the global economy and prices of natural resources, its finance chief said after the trading house reported a drop in net profit

The coronavirus epidemic will have a only a marginal impact on global travel demand and the airline industry is healthy enough to absorb any economic slowdown in China, the chief executive of British Airways parent IAG said on Wednesday.

HSBC is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part of a wider strategy overhaul, people with knowledge of the matter told Reuters.

Expectations of more central bank stimulus lifted world stocks to their highest in more than a week on Wednesday, helping investors look past a mounting coronavirus death toll and policymakers' concerns for the disease's economic impact.

Qatar Airways is in talks to buy a 49% stake in Africa's RwandAir, and is interested in doubling its holding in LATAM Airlines Group to 20%, its chief executive said on Wednesday.