Latest News on private equities market

Three of Wall Street's top-performing IPO stocks in 2019 tumbled late on Thursday after the companies' quarterly results failed to satisfy investors and justify their high valuations.

WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) to a little over $20 billion, less than half the $47 billion valuation it achieved in a private fundraising round in January, people familiar with the matter said on Thursday.

A top U.S. accounting watchdog has brought only 18 enforcement actions and levied just $6.5 million in fines against the Big Four accounting firms in its 16-year existence, according to a study published on Thursday.

The Trump administration wants to take Fannie and Freddie out of government conservatorship, but doing so will be complicated due to the central role they play in the housing market and the Treasury's holdings in the two firms.

The U.S. Treasury on Thursday said the government should draw up a plan to begin recapitalizing mortgage giants Fannie Mae and Freddie Mac, while calling on Congress to pen comprehensive housing reform that would allow the pair to be safely freed from government control.

General Motors Chairman and Chief Executive Officer Mary Barra said her face-to-face session with U.S. President Donald Trump on Thursday was "productive and valuable," but declined to offer specifics.

U.S. stocks followed worldwide equities to one-month highs and Treasury yields rose sharply on Thursday as renewed U.S.-China trade optimism and upbeat U.S. economic data stoked risk appetite and lured investors away from safe-haven assets.

Mexico has made the first moves to launch its annual $1 billion oil hedging program by asking banks for quotes, sources familiar with the deal said, while buying in financial oil options contracts for 2020 has risen in recent days, consistent with the giant trade.

Trade policy uncertainty driven by the Trump administration's escalating dispute with China means hundreds of billions of dollars in lost U.S. output and as much as $850 billion lost globally through early next year, research published this week by the Federal Reserve suggests.

Argentina's likely next President, opposition front-runner Alberto Fernandez, laid out his populist credentials during a visit to Madrid on Thursday, saying local Argentine interests would trump those of creditors and energy investors.

Shares of Slack Technologies Inc recovered initial losses to trade just 2% lower on Thursday, after the workplace messaging firm's first quarterly report as a public company beat expectations while warning of slowing growth.

China and the United States on Thursday agreed to hold high-level talks in early October in Washington, cheering investors hoping for a trade war thaw as new U.S. tariffs on Chinese consumer goods chip away at global growth.

Walgreens Boots Alliance Inc , CVS Health Corp and supermarket chain Wegmans Food Markets Inc said on Thursday they would start asking customers to not openly carry firearms in their stores, joining Walmart Inc and Kroger Co , in a change of gun policy following several deadly mass shootings in the United States.

Onetime U.S. Open champion Andy Roddick shares his take on saving and investing with CNBC's "Fast Money: Halftime Report" Thursday.

A middleman in a graft scheme at Brazilian state oil company Petrobras has implicated the chairman of global energy trading firm Vitol in a bribery operation to obtain oil contracts, as well as two high-ranking executives at rival Trafigura and its former CEO, according to plea bargain testimony seen by Reuters.