Latest News on private equities market

U.S. stocks opened modestly higher on Wednesday as investors digested another set of earnings reports ahead of a widely expected interest rate cut by the Federal Reserve later in the day.

Former Exxon Mobil Corp Chief Executive Rex Tillerson took the witness stand in Manhattan state court on Wednesday to testify in a closely watched civil lawsuit accusing the company of hiding the true cost of climate change from investors.

U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, further allaying financial market fears of a recession.

General Electric Co is not planning for the Boeing Co 737 MAX jetliner to return to service this year, GE Chief Executive Officer Larry Culp said during an earnings phone conference on Wednesday.

Yum Brands Inc missed third-quarter profit expectations on Wednesday, hit by a write down in the value of its investment in delivery company GrubHub and unrelenting troubles at its Pizza Hut chain.

Oil prices fell on Wednesday as worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand, competed with a price-supporting drop in U.S. crude inventories.

Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain's information rights regulator said on Wednesday.

Former Nissan Motor Co Ltd boss Carlos Ghosn denied any impropriety over payments he made during his time at the automaker, following a newspaper report that Japanese tax authorities determined he used company money for private use.

On the eve of the Fed's announcement, some on Wall Street started to get flashbacks to Chairman Jerome Powell's communication miscues.

Italy's Fiat Chrysler has called a board meeting for late Wednesday to discuss a possible tie-up with French rival Peugeot , two sources familiar with the matter said.

In the #MeToo era, the billionaire's lewd comments at a conference shine a spotlight on the financial advice industry and its reluctance to change its ways.

Yum Brands Inc missed earnings expectations, largely hit by a write down in the value of its investment in delivery company GrubHub and warned of sagging sales at its Pizza Hut U.S. chain next year, sending shares down 10% on Wednesday.

The Federal Reserve concludes its latest two-day policy meeting on Wednesday to set a key U.S. interest rate that impacts investors, consumers, and companies around the world.

Wall Street struggled for direction on Wednesday as investors geared up for a policy decision by the Federal Reserve later in the day.

Fidelity Investments cut the value of Contrafund's stake in WeWork Companies Inc by 35% in September amid turmoil surrounding the office-sharing startup's failed initial public offering (IPO).