Latest News on private equities market

Wearable device Fitbit to shift production out of China from January

Fitbit Inc will manufacture all its trackers and smart watches outside China from January, the wearable device maker said on Wednesday, the latest U.S. company looking to insulate itself from tariffs.



5 years ago

The future of fintech: lending + services

Andreessen Horowitz | Anish Acharya In 2006, LendingClub introduced a then-novel business model: the ability to offer online personal loans to millions of underserved customers. The peer-to-peer lender was a media and investor darling, hailed as a tech-enabled alternative to traditional banks. When LendingClub went public in 2014, it was valued at $8.5 billion, the

5 years ago

Wall Street gets tech boost as reports bolster hopes of trade deal

Wall Street rose on Wednesday on the back of gains in technology stocks, as investor sentiment was boosted by reports indicating an ease in trade tensions between the United States and China ahead of pivotal talks on Thursday.



5 years ago

Hungary's MOL in talks for Chevron's $2 billion stake in giant Azeri oilfield: sources

Hungarian energy firm MOL is in talks to acquire Chevron's stake in a giant oilfield in Azerbaijan for more than $2 billion, according to three banking and industry sources involved in the process.



5 years ago

Stocks edge up on trade truce bets; oil, lira shaken by Turkey move on Syria

Stocks gained on Wednesday on a report that China could yet agree to a partial trade deal with the United States despite recent tensions, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ever.



5 years ago

'I can't afford retirement' is the main reason seniors say they continue to work

Sticking around the office well into your 60s could help you strengthen your finances and manage the cost of insurance. Here are the benefits of staying at the workplace a little longer.

5 years ago

Halliburton cuts 178 employees in Colorado: filing

Top U.S. hydraulic fracturing provider Halliburton this week said it would cut 178 employees in Colorado, according to a state filing.



5 years ago

Oil rises on signs of warming U.S.-China tensions, military action in Syria

Oil prices rose on Wednesday following media reports that China was open to a partial trade deal with the United States and after Turkey launched a military operation in northern Syria, but a build in U.S. crude inventories limited gains.



5 years ago

Southwest finds cracks on two Boeing 737 NG airplanes during inspections

Southwest Airlines Co said Wednesday it found cracks on two Boeing 737 NG airplanes and removed them from service after U.S. regulators last week ordered urgent inspections.



5 years ago

Falling U.S. job openings point to slowing labor market

U.S. job openings fell to a 1-1/2-year low in August and hiring declined, suggesting employment growth was slowing largely because of ebbing demand for labor as the economy loses momentum.



5 years ago

Tech stocks lift Wall Street as reports brighten hopes of trade deal

Wall Street rose for the first time in three sessions on Wednesday with technology stocks providing a boost, as a report that China was open to a partial trade deal soothed investor nerves ahead of high-level talks on Thursday.



5 years ago

Facebook's Zuckerberg to testify before U.S. House panel on Oct. 23

Facebook chief executive Mark Zuckerberg will testify before the U.S. House Financial Services Committee on Oct. 23 as the social media company faces growing scrutiny from U.S. lawmakers over a planned cryptocurrency and other issues including advertising policies.



5 years ago

Halliburton cutting 650 jobs as U.S. oilfield slowdown accelerates

Halliburton said on Wednesday it is cutting another 650 U.S. oilfield services jobs as U.S. and gas producers have slashed spending amid weak prices and investor demands for higher returns.



5 years ago

California power cutoff begins as wildfire risks rise

Hundreds of thousands of California homes and businesses started to lose electric power early Wednesday as part of an unprecedented effort by Pacific Gas and Electric Co. to prevent wildfires, the utility said.



5 years ago

Wall Street advances on renewed trade deal optimism

Tech stocks led Wall Street into the black on Wednesday, capping a three-day losing streak as a report that China was open to a partial deal heartened investors ahead of high-level trade negotiations.



5 years ago