Latest News on private equities market

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

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.

Oil rose above $59 a barrel on Wednesday, gaining support due to signs that OPEC and allied producers will make further curbs to oil supply in December, and as traders covered short positions ahead of an industry report on U.S. crude inventories.

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 by about 48,000 hourly workers that had drawn the attention of U.S. President Donald Trump and potential Democratic rivals in the 2020 presidential election.

A gauge of world stock markets was little changed on Wednesday on the heels of U.S. data that raised concerns about a slowing economy, while sterling was volatile as negotiations on a Brexit deal continued.

Bank of America Corp beat Wall Street estimates for quarterly profit on Wednesday as it earned more in advisory fees and its loan book expanded, easing concerns that lower interest rates would crimp growth at the second-largest U.S. bank.

Facebook Inc , whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board once it addresses regulatory concerns, the head of the project said on Wednesday.

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

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.

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.

Abbott Laboratories fell just short of Wall Street estimates for quarterly revenue on Wednesday, as weakness in the medical device maker's cardiovascular business overshadowed strong performance in its fast-growing diabetes care unit.

U.S. stocks were flat on Wednesday as a raft of upbeat earnings reports underlined a solid start to third-quarter results, while concerns over an escalation in the U.S.-China trade war and weak economic indicators lingered.

For the first time in nearly five years, Bank of America Corp did not rely on cost cuts to amplify profits – the latest sign of big U.S. banks prioritizing investments in their businesses over short-term gains.

General Motors Co and the United Auto Workers union reached a tentative deal on Wednesday for a new four-year labor deal, moving closer to ending a costly month-long strike that shut down GM's most profitable factories in a test of wills over the future of U.S. auto industry jobs.

Bank executives warned that low interest rate's hit to net interest margin growth could hurt future earnings.