Latest News on private equities market

Tesla starts selling China-made Model 3 with autopilot function

Tesla starts selling China-made Model 3 with autopilot function

U.S. electric vehicle maker Tesla on Friday started selling its China-made Model 3 with an autopilot function priced from 355,800 yuan ($50,310), making it the company's cheapest model on sale in the country, the official website showed.



6 years ago
Micron launches new storage drives to challenge Intel in data centers

Micron launches new storage drives to challenge Intel in data centers

(The October 24 story corrects to reflect that Micron's new devices are solid-state drives rather than hard drives with spinning disks.)



6 years ago
S&P 500 rises above record closing high on U.S.-China trade progress

S&P 500 rises above record closing high on U.S.-China trade progress

The S&P 500 on Friday rose above its record closing high after Washington said it was close to finalizing parts of a trade pact with Beijing.



6 years ago
Fisher withdrawals top $3 billion as Texas retirement plan exits

Fisher withdrawals top $3 billion as Texas retirement plan exits

The Employees Retirement System of Texas on Friday announced it would divest $350 million from Fisher Investments. In the last two weeks the firm has lost $3 billion as pensions and firms exit.

6 years ago
Richemont teams up with designer Alber Elbaz for fashion venture

Richemont teams up with designer Alber Elbaz for fashion venture

Richemont said on Friday that it was teaming up with former Lanvin designer Alber Elbaz for a new venture at a time when luxury goods groups are vying to make star hires.



6 years ago
Fiat Chrysler recalls 108,000 diesel Ram 1500 pickup trucks for coolant leaks

Fiat Chrysler recalls 108,000 diesel Ram 1500 pickup trucks for coolant leaks

Fiat Chrysler Automobiles NV said on Friday it is recalling 108,000 Ram 1500 diesel-powered pickup trucks in the United States for coolant leaks tied to reports of some fires and four minor injuries.



6 years ago
Oil prices edge up, on track for strong weekly gain

Oil prices edge up, on track for strong weekly gain

Oil prices inched up on Friday and were headed for the strongest weekly gains in more than a month as support from falling U.S. crude stocks, optimism over a U.S.-China trade deal and possible action from OPEC and its allies to extend output cuts outweighed broader economic concerns.



6 years ago
IPOs are a racket. But try finding something better

IPOs are a racket. But try finding something better

The Economist | Schumpeter | Oct 26, 2019 MARGARET THATCHER, a grocer’s daughter from Grantham, knew a thing or two about selling. The privatisation of British Gas (BG) in 1986, on the back of an advertising slogan, “If you see Sid, tell him”, raised £9bn ($13bn), which at the time was the biggest-ever initial public

6 years ago
Nearly every analyst covering Amazon says buy the dip, except one

Nearly every analyst covering Amazon says buy the dip, except one

Barclays told clients it may be too early to buy the dip on Amazon, as the e-commerce giant's period of heavy investment could hurt financials.

6 years ago
Global FinTech Report 2019

Global FinTech Report 2019

PwC Global | Oct 15, 2019 Crossing the lines: How fintech is propelling Financial Services and Technology, Media, and Telecommunications firms out of their lanes The lines between financial services (FS) and technology, media and telecommunications (TMT) firms have blurred to the point that the roads are a free-for-all and previously distinct sectors are colliding.

6 years ago
Fisher loses another $584 million from high-profile clients

Fisher loses another $584 million from high-profile clients

A Texas retirement system and Goldman Sachs Group Inc pulled a combined $584 million from Fisher Investments on Friday, after allegations that firm founder Ken Fisher made sexist comments at a conference.



6 years ago
Oil prices clock strong weekly gains on trade hopes, crude supply

Oil prices clock strong weekly gains on trade hopes, crude supply

Oil prices rose on Friday, registering the strongest weekly gains in more than a month as support from optimism over a U.S.-China trade deal, falling U.S. crude stocks and possible action from OPEC to extend output cuts outweighed broader economic concerns.



6 years ago
United wants Azul in Latin American venture with Copa, Avianca

United wants Azul in Latin American venture with Copa, Avianca

United Airlines wants to include Brazil's Azul in its planned tie-up with Copa Holdings and Colombia's Avianca Holdings to create a four-way partnership in Latin America, a senior executive said on Friday.



6 years ago
White House adviser Navarro fighting 'Phase One’ of U.S.-China trade dealL CNBC

White House adviser Navarro fighting 'Phase One’ of U.S.-China trade dealL CNBC

White House trade adviser Peter Navarro is fighting "Phase One" of the China trade deal announced by U.S. President Donald Trump on Oct. 11, CNBC reported on Friday, citing sources.



6 years ago
U.S. government's annual budget deficit largest since 2012

U.S. government's annual budget deficit largest since 2012

The U.S. government ended fiscal year 2019 with the largest budget deficit in seven years as gains in tax receipts were offset by higher spending and growing debt service payments, the Treasury department said on Friday.



6 years ago