Latest News on private equities market

China's yuan gains after U.S. drops China FX manipulator label

China's yuan climbed to its highest level since July on Tuesday and the Japanese yen plumbed eight-month lows as the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.



5 years ago

Opel rules out forced redundancies until July 2025 but reopens voluntary leave scheme

PSA's German unit Opel on Tuesday said it was ruling out forced redundancies until July 2025 - extending its guarantee by two years - but was re-opening a voluntary leave program for older employees that would be limited to 2,100 jobs.



5 years ago

JPMorgan beats estimates on strong trading, underwriting

JPMorgan Chase & Co posted a better-than-expected rise in quarterly profit on Tuesday, as strong results at its trading and underwriting businesses offset weakness in consumer banking.



5 years ago

Delta posts profit beat on loyal, new customers as rivals battle 737 MAX crisis

Delta Air Lines Inc posted on Tuesday a fourth-quarter profit that beat Wall Street forecasts, boosted by customers gained from rival airlines' 737 MAX cancellations and what CEO Ed Bastian said was a growing preference for the Delta brand.



5 years ago

Musk nears $346 million payday as Tesla market value soars

Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker's stock more than doubled in the last three months.



5 years ago

Wells Fargo fourth-quarter profit drops 50% as legal fees, low interest rates weigh on results

Wells Fargo says fourth-quarter profits fell as persistent low interest rates and litigation charges weighed on its financial results.

5 years ago

Delta beats profit forecast on strong demand as rivals battle 737 MAX crisis

Delta Air Lines Inc on Tuesday reported a fourth-quarter profit that beat estimates, boosted in part by customers it gained from rival airlines' 737 MAX cancellations and growing air travel demand.



5 years ago

Citigroup profit beats as credit card, trading revenue jump

Citigroup Inc beat analysts' estimates for fourth-quarter profit on Tuesday, boosted by growth in its credit card business and a jump in trading revenue.



5 years ago

Wells Fargo quarterly profit slumps as legal costs mount

Wells Fargo & Co reported a 55% slump in fourth-quarter profit on Tuesday, as the fallout from a sales scandal that erupted in 2016 drove the bank to set aside another $1.5 billion toward legal expenses.



5 years ago

Citigroup earnings beat expectations on 49% fixed-income trading surge

Citigroup reported quarterly results that beat expectations, driven by strong fixed-income trading revenues.

5 years ago

Futures pause after rally, JPMorgan results draw cheer

U.S. stock index futures were flat to slightly lower on Tuesday, as investors took a breather following a record rally, even as JPMorgan's quarterly results set a positive tone for big bank earnings.



5 years ago

Citigroup beats estimates on credit card, trading revenue growth

Citigroup Inc beat analysts' estimates for fourth-quarter profit on Tuesday, boosted by growth in its credit card business and a jump in trading revenue.



5 years ago

Wall Street opens flat after mixed big bank results

Wall Street opened largely flat on Tuesday, as investors took a breather following a record rally on optimism over the U.S.-China trade dá¹…eal, while big U.S. banks reported mixed quarterly results.



5 years ago

Wells Fargo's new chief promises more change as profit slumps

Wells Fargo & Co's profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank's sales scandal and promised "fundamental changes".



5 years ago

A new law took this retirement strategy out of play. Here's one way to get around it

When Congress slams the door on a tax-savings technique, attorneys and accountants figure out how to crack the window. The Secure Act dampened the advantages of passing on your IRA to your children, but tax gurus say this strategy might help you mimic it.

5 years ago