Latest News on private equity markets

The coronavirus crisis is accelerating a shift in the world of autonomous cars toward delivering packages instead of people, as big players open up a lead over startups in the race for funding.

Nissan Motor Co is working on a plan to scale back its European business, focusing on sport utility and commercial vehicles as well as more effective sharing of products and investments with partner Renault, three sources told Reuters.

Italians will be able to grab a cup of their favorite Starbucks coffee again after the group said on Monday it would reopen its Italian cafes, with the exception of its flagship location in central Milan.

U.S. stock indexes shot up in early trade on Monday as encouraging data from a potential COVID-19 vaccine trial fueled optimism, while investors also counted on more stimulus to rescue the economy from a virus-driven slump.

Small businesses that participated in the Paycheck Protection Program won't be able to deduct expenses covered by this forgivable loan. The end result could be higher quarterly tax payments in July.

Hertz Global Holdings Inc on Monday appointed Paul Stone as its chief executive officer days after the U.S. car rental company raised going-concern doubts following a bigger quarterly loss.

The Detroit Three automakers and their suppliers began restarting assembly lines on Monday after a two-month coronavirus lockdown in a slow revival of a sector that employs nearly 1 million people in the United States.

The global economy will take much longer to recover fully from the shock caused by the new coronavirus than initially expected, the head of the International Monetary Fund said, and she stressed the danger of protectionism.

Delta Air Lines said on Monday it would resume flying several major routes in June that were suspended due to the COVID-19 pandemic.

Wall Street's main indexes surged on Monday as encouraging early data from a potential coronavirus vaccine trial boosted sentiment, with investors also counting on more stimulus to rescue the economy from a deep slowdown.

Oil prices jumped on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30, supported by optimism about the reopening of economies and output cuts by major producers.

Confidence among U.S. single-family homebuilders rose in May, potentially signaling that the worst of the economic downturn was probably over as the country gradually reopens after lockdowns to slow the spread of the novel coronavirus.

Nissan Motor Co is working on a plan to scale back its European business, focusing on sport utility and commercial vehicles as well as more effective sharing of products and investments with partner Renault, three sources told Reuters.

The recent stock market volatility can be painful for investors, especially those approaching retirement or another financial goal. But getting out isn't the solution.

Wall Street's main indexes surged on Monday as encouraging early data from a potential coronavirus vaccine trial boosted sentiment, with investors also counting on more stimulus to rescue the U.S. economy from a deep slowdown.