Latest News on private equities market

Chile's Codelco says uncovered $22 million insurance fraud involving unions

Chile's Codelco says uncovered $22 million insurance fraud involving unions

Chile's state-owned Codelco, the world's largest copper producer, said on Tuesday it had filed a lawsuit over an alleged scam in insurance contracts drawn up by unions for workers at its Chuquicamata and Radomiro Tomic mines.



6 years ago
U.S. agency to determine cause of 2018 fatal Tesla 'Autopilot' crash

U.S. agency to determine cause of 2018 fatal Tesla 'Autopilot' crash

The U.S. National Transportation Safety Board (NTSB) will meet on Feb. 25 to determine the probable cause of the 2018 fatal crash of a Tesla Inc vehicle in Mountain View, California, the agency said.



6 years ago
U.S. bank executives offer cautious optimism heading into 2020

U.S. bank executives offer cautious optimism heading into 2020

Despite trade wars, low interest rates and new geopolitical tensions, big U.S. banks have not experienced major disruption to their core businesses and top executives are hopeful they can generate growth this year.



6 years ago
Wells Fargo's new chief pledges more cost cuts as profit slumps

Wells Fargo's new chief pledges more cost cuts 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."



6 years ago
Tesla going to over $6,000 per share, says money manager who originally predicted $4,000

Tesla going to over $6,000 per share, says money manager who originally predicted $4,000

Ark Investment Management founder Catherine Wood said she believes Tesla's stock could be worth more than $6,000 per share in the next five years.

6 years ago
Oil back in positive territory ahead of U.S.-China trade deal

Oil back in positive territory ahead of U.S.-China trade deal

Global oil benchmark Brent crude rose to more than $64.50, recovering from four days of declines on easing Middle East tensions, as the United States and China prepared to sign a preliminary trade deal.



6 years ago
Boeing net orders slump to lowest in decades

Boeing net orders slump to lowest in decades

Boeing Co reported its worst annual net orders in decades on Tuesday, along with its lowest numbers for plane deliveries in 11 years, as the grounding of its 737 MAX jet saw it fall far behind main competitor Airbus.



6 years ago
U.S. regulators to review 2018 fatal Tesla crash in California

U.S. regulators to review 2018 fatal Tesla crash in California

U.S. transportation regulators will meet Feb. 25 to determine the probable cause of the 2018 fatal crash of a Tesla Inc vehicle in Mountain View, California, the National transportation Safety Board said in a statement.



6 years ago
U.S. consumer prices gain slightly; underlying inflation tame

U.S. consumer prices gain slightly; underlying inflation tame

U.S. consumer prices rose slightly in December even as households paid more for healthcare, and monthly underlying inflation slowed, supporting the Federal Reserve's desire to keep interest rates unchanged at least through this year.



6 years ago
BlackRock vows tougher stance on climate after activist heat

BlackRock vows tougher stance on climate after activist heat

BlackRock Chief Executive Larry Fink warned company boards to step up efforts to tackle climate change, a significant shift by the world's biggest investment manager, which has faced mounting concerns about its role as a major fossil fuel investor.



6 years ago
American Airlines extends Boeing 737 MAX flight cancellations into June

American Airlines extends Boeing 737 MAX flight cancellations into June

American Airlines Group Inc will extend cancellations of Boeing Co 737 MAX flights through June 3 as the grounding threatens to impact a second busy U.S. summer travel season.



6 years ago
Amazon boss Jeff Bezos arrives in India as local traders plan protests

Amazon boss Jeff Bezos arrives in India as local traders plan protests

Amazon.com Inc founder Jeff Bezos arrived in India on Tuesday, according to a post on his Twitter account, as thousands of small traders across 300 cities planned protests, claiming the firm is distorting local retail market.



6 years ago
Stock rally stalls ahead of U.S.-China trade deal, oil gains

Stock rally stalls ahead of U.S.-China trade deal, oil gains

Equity markets traded little changed globally on Tuesday as investors awaited the signing of the China-U.S. trade deal, while oil prices rose on hopes the agreement will help revive the world's sluggish economy.



6 years ago
Yen weakens as risk appetite improves before trade deal

Yen weakens as risk appetite improves before trade deal

China's yuan was slightly weaker on Tuesday after earlier hitting its highest level since July, while the Japanese yen dropped to eight-month lows before the United States and China are due to sign a preliminary trade agreement to ease their 18-month old tariff war.



6 years ago
America is $23 trillion in debt. What that means for your budget

America is $23 trillion in debt. What that means for your budget

The U.S. is $23 trillion in the red. Here's what that means for your personal finances.

6 years ago