Latest News on private equities market

Kuwait’s central bank cut its benchmark interest rate on Wednesday, joining the Federal Reserve-led monetary easing cycle with its Gulf peers for the first time since July.

The 12 winners who have hit Powerball and Mega Millions jackpots in 2019 — worth an advertised $3.3 billion in all — have paid the IRS more than a half-billion in tax dollars. That won't be the last of it.

Boeing Chief Executive Dennis Muilenburg said on Wednesday Southwest Airlines Inc had a $1 million per plane rebate clause in a contact with Boeing Co if its 737 MAX planes required new simulator training.

South Korean carrier Air Premia announced on Wednesday a provisional deal to buy five Boeing 787-9 Dreamliner jets worth $1.4 billion at list prices, becoming the latest new airline to enter the highly competitive low-cost, long-haul market.

The supervisory board of Peugeot maker PSA agreed on Wednesday to give Chief Executive Carlos Tavares the go-ahead to pursue a merger with Italy's Fiat Chrysler , a source familiar with the matter said.

Italy respects the market nature of a possible merger between Fiat Chrysler and Peugeot-owner PSA but is also aware that such a crucial sector warrants high vigilance on the government's part, the country's economy minister said.

Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest in the Asian financial hub put the move on ice earlier this year, people familiar with the matter said on Wednesday.

Wall Street pared earlier losses and the U.S. Treasury yield curve flattened on Wednesday after the Federal Reserve cut interest rates, as expected.

Former Exxon CEO Rex Tillerson took the stand on Wednesday in week two of New York's case against the oil giant, which accuses the company of deceiving investors about the true cost of climate change.

Data show that when the third interest rate cut was the last cut in a series, stocks got a healthy boost in the following year.

Two hackers pleaded guilty in federal court on Wednesday for a conspiracy to extract bounties from Uber Technologies Inc , LinkedIn and other corporations in exchange for promises to delete information stolen from Amazon Web Services , according to the Justice Department.

Apple Inc on Wednesday forecast sales for the crucial holiday shopping quarter that beat Wall Street expectations, with Chief Executive Tim Cook saying that new iPhone 11 models were off to "a very, very good start" as sales of AirPods, Apple Watches and streaming services continue to rise.

Boeing Chief Executive Dennis Muilenburg on Wednesday spurned repeated calls to step down by U.S. lawmakers and from the mother of a young woman who was a victim of one of two 737 MAX crashes that killed 346 people.

Starbucks Corp beat quarterly same-restaurant sales estimates on Wednesday, as the world's largest coffee chain's loyalty program and new delivery options boosted demand and helped fend off competition, especially in the U.S. and China.

Wall Street gained ground and U.S. Treasury yields fell on Wednesday after the Federal Reserve signaled a pause in the current easing cycle following the expected announcement of a rate cut.