Latest News on private equities market

UBS could double Americas wealth business profit within a decade

UBS Group could double the profit it makes from its American wealth management arm within a decade even as it cuts staff numbers by targeting the super-rich, the co-head of the business told Reuters.



6 years ago

U.S. job growth slows less than expected despite GM strike

U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere and hiring in the prior two months was stronger than previously estimated, offering some assurance that consumers would continue to support the slowing economy.



6 years ago

Electric Audi SUV tops Norway's October car sales

German auto maker Audi's fully-electric e-tron sports utility vehicle was the top-selling car in Norway last month with an 8.3% market share, registration data showed on Friday.



6 years ago

With U.S. hiring robust, Fed's rate pause gets buy-in

A show of strength in the labor market is giving traders a bit more confidence that the Federal Reserve will keep borrowing costs where they are for now after it cut interest rates for a third time earlier this week.



6 years ago

Treasury yields jump after better-than-expected jobs report

Yields on U.S. government bonds jumped on Friday morning after domestic job growth slowed less than expected in October, suggesting the Federal Reserve was justified in signaling on Wednesday that it would pause interest rate cuts going forward.



6 years ago

Cboe Europe President Hemsley to retire

Cboe Global Markets said on Friday the President of Cboe Europe, Mark Hemsley, would retire from the company at the end of February and named David Howson, chief operating officer of its European operations as his successor, beginning Jan. 1.



6 years ago

How your travel plans affect which Medicare coverage you should choose

Covered for medical services while traveling depends partly on where you're going and how you receive your Medicare benefits.

6 years ago

Chevron earnings drop 36%, more than expected

Chevron missed analyst estimates for both earnings and revenue as lower oil and natural gas prices offset an increase in production.

6 years ago

Instant View: U.S. October payrolls growth slows less than expected

U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere, while hiring in the prior two months was stronger than previously estimated, offering assurance that consumers would continue to prop up the slowing economy for a while.



6 years ago

AbbVie boosts 2019 profit outlook as Humira helps beat revenue estimates

AbbVie Inc posted quarterly sales above estimates on Friday and raised the lower end of its 2019 profit forecast, getting a boost from strong demand for cancer medicine Imbruvica and a lower-than-expected drop in bestseller Humira's revenue.



6 years ago

Aramco meets investors in last-minute bid to hit $2 trillion IPO target: sources

Saudi Aramco officials and advisers are holding last-minute meetings with investors in an attempt to achieve as close to a $2 trillion valuation as possible ahead of an expected listing launch on Sunday, according to three sources.



6 years ago

U.S. insurer AIG's third-quarter profit misses estimates

American International Group Inc missed analysts' estimates for third-quarter profit on Friday due to weakness in the insurer's life and retirement unit and a difficult period for catastrophe losses.



6 years ago

Not just the MAX: planemakers face slump in demand for wide-body jets

Orders for long-distance wide-body jets are on track to fall this year by the most since the throes of the 2008 financial crisis, fuelling concerns that the drop will eat into future cash flow at Boeing and its European rival Airbus.



6 years ago

Fed's Kaplan says policy is appropriate, should now be patient

Dallas Federal Reserve Bank President Robert Kaplan said on Friday the U.S. central bank now has monetary policy at a "roughly" appropriate setting and should leave interest rates where they are for the time being.



6 years ago

These savings accounts will earn you over 20 times more than the average rate

As the Federal Reserve lowers rates, some banks are pulling back their offerings on savings accounts and certificates of deposit. Here are the best current offers.

6 years ago