Latest News on private equities market

NYSE owner Intercontinental Exchange explores taking over eBay: sources

NYSE owner Intercontinental Exchange explores taking over eBay: sources

Intercontinental Exchange Inc (ICE), the owner of the New York Stock Exchange, has reached out to eBay Inc to explore a potential combination with the e-commerce company, people familiar with the matter said on Tuesday.



6 years ago
Chipotle's earnings beat estimates on higher prices, digital boost

Chipotle's earnings beat estimates on higher prices, digital boost

Chipotle Mexican Grill Inc raised menu prices and consumers bit, helping the fast-casual burrito chain beat analysts' estimates for quarterly sales and profit on Tuesday.



6 years ago
Oil falls 1% as demand fears outweigh hopes for bigger OPEC+ cuts

Oil falls 1% as demand fears outweigh hopes for bigger OPEC+ cuts

Oil prices sank about 1% on Tuesday as fears that energy demand would take a long-term hit from the growing coronavirus outbreak outweighed hopes for more production cuts from OPEC and its allies.



6 years ago
Wall Street jumps as China stimulus measures soothe virus worries

Wall Street jumps as China stimulus measures soothe virus worries

The Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-day gain in about six months as fears of a heavy economic impact from the coronavirus outbreak waned after China's central bank intervened.



6 years ago
Chipotle's earnings beat estimates on higher prices, delivery boost

Chipotle's earnings beat estimates on higher prices, delivery boost

Chipotle Mexican Grill Inc beat analysts' estimates for quarterly comparable sales and profit on Tuesday, benefiting from higher menu prices and expanded delivery options.



6 years ago
Best Buy board clears CEO of misconduct allegations

Best Buy board clears CEO of misconduct allegations

U.S. consumer electronics retailer Best Buy Co said on Tuesday its board cleared Chief Executive Officer Corie Barry of misconduct allegations following an independent review.



6 years ago
Tesla shares end Tuesday 13% higher after surging as much as 23% earlier in the day

Tesla shares end Tuesday 13% higher after surging as much as 23% earlier in the day

The surge comes a day after Tesla stock climbed nearly 20%, its biggest one-day gain in six years.

6 years ago
Ford posts $1.7 billion loss, offers weak 2020 forecast

Ford posts $1.7 billion loss, offers weak 2020 forecast

Ford Motor Co on Tuesday posted a fourth-quarter loss and provided a weaker-than-expected 2020 forecast due to continued higher warranty costs, investments in future transportation and lower results from Ford Credit, sending shares down 9.5% in after-hours trading.



6 years ago
Macy's to close 125 stores, cut more than 2,000 jobs

Macy's to close 125 stores, cut more than 2,000 jobs

Macy's Inc said on Tuesday it plans to close 125 of its least productive stores over the next three years and cut more than 2,000 corporate jobs as a part of its cost savings effort.



6 years ago
State AGs, Justice Department discuss Google antitrust probe

State AGs, Justice Department discuss Google antitrust probe

State attorneys general investigating Alphabet Inc's Google unit met on Tuesday with U.S. Justice Department officials to coordinate efforts to probe the search and advertising giant, officials told Reuters.



6 years ago
Penn National's investment in Barstool Sports is 'going to be worth a ton,' Ron Baron says

Penn National's investment in Barstool Sports is 'going to be worth a ton,' Ron Baron says

Billionaire investor Ron Baron told CNBC's "Squawk Box" why he thinks Penn National's investment in Barstool will be a success.

6 years ago
Stocks, commodities firmer as China works to cool virus worries

Stocks, commodities firmer as China works to cool virus worries

World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves and both Europe and metals scoring their best day of the year so far.



6 years ago
Ferrari tempers 2020 expectations with cautious upgrade

Ferrari tempers 2020 expectations with cautious upgrade

Demand for Ferrari's Portofino and 812 Superfast models helped the Italian supercar maker hit profit targets for last year though it only a provided cautious upgrade to its outlook for 2020.



6 years ago
Taps open for Saudi listings after Aramco's record IPO

Taps open for Saudi listings after Aramco's record IPO

Several Saudi Arabian companies are planning to list shares on the Riyadh exchange in coming months in the wake of oil giant Aramco's record IPO.



6 years ago
Another day, another record: Tesla shares hit $900

Another day, another record: Tesla shares hit $900

Shares of Tesla Inc surged 15% on Tuesday to hit the $900 mark, extending a stunning rally that has more than doubled the company's market value since the start of the year as more investors bet on Chief Executive Elon Musk's vision.



6 years ago