Latest News on private equities market

After a key yield curve inversion, stocks typically have another year and a half before doom strikes

The fearsome inversion of the key 2-year and 10-year yields finally happened early Wednesday, sending markets reeling.

6 years ago

A move by the super rich: Here's why Jeffrey Epstein likely paid little in the way of taxes

Because Jeffrey Epstein owned a home and business in the Virgin Islands, he likely got a substantial break on his tax bill.

6 years ago

Oil prices fall on weak global economic data

Oil prices fell on Wednesday on weak global economic data and a rise in U.S. crude inventories, almost erasing the previous session's strong gains which followed the United States' move to delay tariffs on some Chinese products.



6 years ago

U.S. import prices unexpectedly rise, but trend still weak

U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures.



6 years ago

Wall St. opens lower as recession signals grow

U.S. stocks fell at open on Wednesday, as a closely-watched bond market indicator pointed to a renewed risk of recession, undoing gains from the previous session due to a retreat by Washington on its latest tariffs on Chinese goods.



6 years ago

Macy's sinks as poor spring season hits profit

Macy's Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted heavily to clear spring inventory, sending its shares down 17%.



6 years ago

Concern about Trump's immigration policies impacting business fades on Main Street

Immigration is an issue that small business owners care about, but for the majority it is not because it affects their companies, according to the latest CNBC|SurveyMonkey Small Business Survey.

6 years ago

Novartis names Bulto as new head of U.S. drugs business

Swiss drugmaker Novartis has named company veteran Victor Bulto as head of its U.S. pharmaceuticals business, effective on Sept. 1.



6 years ago

You may be tempted to make this mistake as the market tanks. Here's what to do instead.

Roller coaster moves in the market might tempt you to carefully watch your investments or even adjust your holdings. Here's why those are some of the worst things you can do.

6 years ago

China's Tencent cautious after surge in quarterly profit

China's Tencent Holdings , the world's largest gaming company by revenue, warned on Wednesday of a difficult economic environment even as it reported a better-than-expected 35% jump in quarterly profit.



6 years ago

Wall Street slides as recession fears grow

Wall Street main indexes slid 1.5% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor economic data from Germany and China.



6 years ago

Macy's not looking to raise prices if new tariffs imposed: CEO

Macy's Inc Chief Executive Officer Jeff Gennette said on Wednesday that the department store chain would not raise prices on products if the Trump administration goes ahead with its latest 10% tariffs.



6 years ago

Forget technology, cash is still king when it comes to teen spending

According to a new survey, 75% of teens have made purchases in cash and 80% who get money from their parents are paid in cash.

6 years ago

Novartis says Avexis' Chief Science Officer, head of R&D no longer at company

Novartis said on Wednesday that the chief science officer and top research and development executive at its Avexis unit are no longer at the company after some data from early testing of the unit's more than $2 million gene therapy Zolgensma was manipulated.



6 years ago

WeWork preps for IPO with growing revenues and widening losses

WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost more than $900 million in the first half of 2019 while revenue doubled, as it steps up preparations for an initial public offering next month.



6 years ago