Latest News on private equities market

China's Tencent Music reports passive stake in Warner Music

China's Tencent Music reports passive stake in Warner Music

China's Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Warner Music Group Corp, about a week after the world's third-largest recording label's debut on the Nasdaq.



4 years ago
Anti-China group urges Trump administration to block Chinese companies from U.S. markets: document

Anti-China group urges Trump administration to block Chinese companies from U.S. markets: document

An anti-China advocacy group that includes former White House adviser Steve Bannon is calling on the Trump administration to exclude Chinese companies from U.S. financial markets, as the White House studies new ways to crack down on China.



4 years ago
American Airlines expects to halt cash burn by year-end, shares jump

American Airlines expects to halt cash burn by year-end, shares jump

American Airlines Group Inc said on Friday it expects to halt its daily cash burn by the end of 2020 thanks to cost-cutting measures and an improvement in travel demand, easing concerns about its short-term liquidity.



4 years ago
U.S. regulator sides with FCA in Jeep trade case against Mahindra

U.S. regulator sides with FCA in Jeep trade case against Mahindra

A U.S. regulator ruled that India's Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles NV's (FCA) Jeep brand, barring the sale of the vehicles in question.



4 years ago
Fed sees 'persistent fragilities' for households and businesses: Fed report

Fed sees 'persistent fragilities' for households and businesses: Fed report

The Federal Reserve expects U.S. household finances and business balance sheets to grapple with "persistent fragilities" as a result of the shock to economic activity arising from the coronavirus pandemic, the central bank said in a report to Congress on Friday.



4 years ago
New U.S. stock exchange MEMX adds Citigroup as investor

New U.S. stock exchange MEMX adds Citigroup as investor

The Members Exchange (MEMX), a new U.S. stock exchange backed by some of Wall Street's biggest firms that is preparing for a Sept. 4 launch, said it received financial backing from Citigroup Inc .



4 years ago
Who benefits when the stock market goes up? Probably not you

Who benefits when the stock market goes up? Probably not you

The stock market is doing relatively well considering that we're in a recession. But that won't help Americans hardest hit by the pandemic.

4 years ago
Exclusive: Key U.S. senators draft plan to reform new plane design approvals after 737 MAX crashes

Exclusive: Key U.S. senators draft plan to reform new plane design approvals after 737 MAX crashes

Two key U.S. senators are circulating a bipartisan draft bill that would reform how the Federal Aviation Administration certifies new aircraft in the wake of two fatal Boeing 737 MAX crashes that killed 346 people.



4 years ago
White House sees red state/blue state divide in post-coronavirus economic recovery

White House sees red state/blue state divide in post-coronavirus economic recovery

A top White House economic adviser on Friday predicted an "increasing divergence" between states controlled by Republican governors and those led by Democrats, saying Republican "red" states opening up faster will see a stronger economic recovery.



4 years ago
U.S. consumer confidence rises; COVID-19, unemployment shadow lingers

U.S. consumer confidence rises; COVID-19, unemployment shadow lingers

U.S. consumer sentiment perked up in early June as households cheered the reopening of businesses and a surprise rebound in hiring, though they did not expect a significant improvement in the economy amid fears of a resurgence in COVID-19 infections.



4 years ago
U.S. consumer sentiment rises in early June

U.S. consumer sentiment rises in early June

U.S. consumer sentiment perked up in early June as households responded to the reopening of businesses, which had been shuttered to slow the spread of COVID-19, and a rebound in hiring.



4 years ago
Tax Day is about a month away. Are you ready?

Tax Day is about a month away. Are you ready?

Whether you're rebuilding your cash cushion or you're squirreling away a few dollars for a summer getaway, make sure you claim your 2019 tax refund from the IRS. Federal income tax returns are due July 15.

4 years ago
Oil heads for weekly loss on coronavirus resurgence fears

Oil heads for weekly loss on coronavirus resurgence fears

Oil was little changed on Friday and headed for a first weekly fall since April as new U.S. coronavirus cases spiked, raising the prospect of a second wave of the virus hitting demand.



4 years ago
World shares stem losses as fresh lockdown fears fade

World shares stem losses as fresh lockdown fears fade

Global equity markets bounced back on Friday as investors took in stride the U.S. Federal Reserve's outlook for a long road to recovery and bet shutdowns to fight the coronavirus pandemic were unlikely to be reinstated widely.



4 years ago
Wall Street rises after biggest pullback since March

Wall Street rises after biggest pullback since March

Wall Street's main indexes rose on Friday, after a steep decline in the previous session, but were still on track for their worst week in nearly three months on fears of a rise in new coronavirus infections and economic worries.



4 years ago