Latest News on private equities market

Prudential sells Jackson equity stake to Apollo-backed Athene for $500 million

Prudential sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to create an independent U.S. business.



4 years ago

S&P 500, Dow dip on rising virus cases, elevated jobless claims

The S&P 500 and Dow retreated on Thursday as an uptick in coronavirus infections in parts of the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated.



4 years ago

Oil prices broadly stable after mixed U.S. data

Oil prices were broadly stable on Thursday after dipping in and out of positive territory as bulls took their cue from shrinking U.S. oil product stocks and bears looked at rising crude stocks and new coronavirus cases.



4 years ago

U.S. labor market recovery stalling; second wave of layoffs underway

The number of Americans filing for unemployment benefits fell last week, but the pace of decline appears to have stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.



4 years ago

Vans, not glamorous, but key as EU weighs autos mega-merger

Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.



4 years ago

Health-care workers on the front-line of the pandemic have another concern: Crushing student loan debt

Many of the health-care workers on the front line of the coronavirus pandemic have another concern: crushing student loan debt.

4 years ago

World stock markets slip on second wave virus fears, safe-havens rise

Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen.



4 years ago

U.S. retail foot traffic rebounds, more staff at work, as lockdowns ease

Retail foot traffic recovered to approach pre-lockdown levels last week and businesses appeared to bring more employees back to the job, according to data from firms that collect cellphone location information and manage employee time for companies.



4 years ago

Cramer rails against wealthy money managers for scaring investors out of market with bubble talk

"Our viewers don't want to be talked out of" investing in stocks and potentially making money, CNBC's Jim Cramer said Thursday.

4 years ago

Saudi Aramco cuts hundreds of jobs amid oil market downturn, sources say

State oil giant Saudi Aramco started laying off hundreds of employees this month, two sources familiar with the matter said, as global energy companies reduce their workforces in response to the coronavirus crisis.



4 years ago

Coronavirus raises stakes as auto unions ready for a fight

The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe's auto industry is to manage a shift to low-emission vehicles.



4 years ago

Audi boss to head carmaker's R+D division: sources

Markus Duesmann, the head of Audi , will also head the research and development division at German carmaker Volkswagen's premium brand, two sources told Reuters on Thursday.



4 years ago

Trump to nominate lawyer Crenshaw to serve as Democratic SEC commissioner

The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC).



4 years ago

Technology, medical and pharmaceutical has caught the attention of these high-net worth investors

High-net worth investors in the investment group TIGER 21 have been waiting for a crisis and it finally came. These individuals have been stockpiling cash for the last year and they continue to do so.

4 years ago

Kroger says demand easing after coronavirus stockpiling

U.S. supermarket chain Kroger Co stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider what they have on their shelves.



4 years ago