Latest News on private equities market

Oil steadies below $59, weaker economic outlook weighs

Oil steadies below $59, weaker economic outlook weighs

Oil steadied below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories.



6 years ago
Oil eases further below $59 on weaker economic outlook

Oil eases further below $59 on weaker economic outlook

Oil edged further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories.



6 years ago
Bank of America beats profit estimates on stock trading, lending gains

Bank of America beats profit estimates on stock trading, lending gains

Bank of America Corp , the second-largest U.S. bank by assets, beat analysts' estimates for quarterly profit as gains from trading in stocks and robust loan growth helped cushion it from lower interest rates.



6 years ago
Huawei's third-quarter revenue jumps 27% as smartphone sales surge

Huawei's third-quarter revenue jumps 27% as smartphone sales surge

Huawei Technologies Co Ltd's third-quarter revenue jumped 27%, driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business.



6 years ago
Ride-hailing companies Uber, Lyft won't testify before Congress: report

Ride-hailing companies Uber, Lyft won't testify before Congress: report

Uber Technologies Inc and Lyft Inc have declined to appear at a U.S. House of Representatives hearing on Wednesday on issues relating to the ride-hailing industry, the Washington Post reported, citing company and congressional sources.



6 years ago
Timeline: GM reaches tentative labor deal with UAW union to end strike

Timeline: GM reaches tentative labor deal with UAW union to end strike

General Motors Co and the United Auto Workers union have reached a tentative agreement for a new labor deal to end a month-long nationwide strike by about 48,000 hourly workers, the union said on Wednesday.



6 years ago
BNY Mellon beats profit estimates on cost controls

BNY Mellon beats profit estimates on cost controls

Bank of New York Mellon Corp reported a better-than-expected quarterly profit on Wednesday, as the world's largest custodian bank cut costs to counter weakness in its investment management business and lower interest rates.



6 years ago
Here's what every major analyst is predicting for Netflix earnings after the bell

Here's what every major analyst is predicting for Netflix earnings after the bell

Wall Street analysts make their predictions for Netflix's earnings report after the bell.

6 years ago
GM, UAW reach tentative deal to end month-long strike

GM, UAW reach tentative deal to end month-long strike

General Motors Co and the United Auto Workers union have reached a tentative deal for a new four-year labor deal, moving the sides closer to ending the month-long strike that had drawn the attention of U.S. President Donald Trump and potential Democratic rivals in the 2020 presidential election.



6 years ago
UK watchdog opens formal probe of Amazon Deliveroo deal

UK watchdog opens formal probe of Amazon Deliveroo deal

Britain's competition regulator said on Wednesday it had launched a formal investigation into Amazon.com Inc's investment in food delivery company Deliveroo, setting a December 11 deadline for a decision https://reut.rs/2ONs4b0 on the first phase of its probe.



6 years ago
Broadcom says EU antitrust order will not impact business, will challenge it

Broadcom says EU antitrust order will not impact business, will challenge it

U.S. chipmaker Broadcom said on Wednesday that an EU antitrust order to halt certain business deals with six TV and modem makers will not have a material impact on its business and it will challenge the EU move in court.



6 years ago
BNY Mellon profit falls 7% on lower fees

BNY Mellon profit falls 7% on lower fees

Bank of New York Mellon Corp reported a 7% fall in quarterly profit on Wednesday, as the world's largest custodian bank earned lower fees and took a hit from a drop in interest rates.



6 years ago
Robert Shiller says economic stories like fears of a recession can go viral and be self-fulfilling

Robert Shiller says economic stories like fears of a recession can go viral and be self-fulfilling

Nobel Prize winning economist Robert Shiller's new book, "Narrative Economics", examines why some economic stories go viral.

6 years ago
Ride-hailing companies Uber, Lyft won't testify before Congress

Ride-hailing companies Uber, Lyft won't testify before Congress

Uber Technologies Inc and Lyft Inc declined to appear on Wednesday at a U.S. House of Representatives hearing on issues relating to the ride-hailing industry, a congressional committee said.



6 years ago
Virgin Galactic nears public market debut, expects to grow space tourism business globally

Virgin Galactic nears public market debut, expects to grow space tourism business globally

Virgin Galactic founder Richard Branson spoke to CNBC's Squawk Alley on Wednesday.

6 years ago