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Latest News on private equity markets

Wall Street uniform to get a new accessory - the face mask

Face masks, temperature checks and packaged sandwiches could all become part of the daily routine for bankers as their employers work out how to get them safely back into the office.



5 years ago

Blue Apron shares sink as coronavirus order bump fails to boost sales

Shares of Blue Apron Holdings Inc slumped as much as 33% on Wednesday as the meal-kit company posted a steep decline in quarterly sales even after seeing a boost in orders from Americans confined to their homes amid coronavirus-led lockdowns.



5 years ago

Lyft to cut 982 jobs due to coronavirus outbreak

Lyft Inc plans to lay off 982 employees, or 17% of the ride-hailing firm's workforce, due to economic challenges caused by the coronavirus pandemic, the company said in a regulatory filing on Wednesday.



5 years ago

Boeing to shrink workforce and production as coronavirus slams industry

Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the coronavirus pandemic that drove its second consecutive quarterly loss.



5 years ago

Wall Street jumps on coronavirus drug hopes; Fed decision awaited

U.S. stocks jumped to seven-week highs on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet boosted shares of other technology and internet giants.



5 years ago

KFC parent Yum says April sales improving after virus hits Q1

Yum Brands Inc said on Wednesday sales in April showed signs of improvement as stay-at-home consumers ordered in more and diners returned to restaurants after certain countries started to ease restrictions.



5 years ago

BP donates jet fuel in U.S. to help with COVID-19 relief

BP is donating 3 million gallons of jet fuel to FedEx and Alaska Airlines [ALKAIR.UL] to help with the distribution of personal protective equipment in the battle against the new coronavirus.



5 years ago

Top Boeing shareholder Vanguard voted against chair Kellner

Top Boeing Co shareholder Vanguard Group voted against the company's chairman Lawrence Kellner, citing "control failures" under its audit committee after two 737 MAX plane crashes, according to a stewardship report issued on Wednesday that will further pressure the planemaker.



5 years ago

Wall Street jumps on coronavirus drug hopes; Fed in focus

U.S. stocks jumped to seven-week highs on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet boosted the so-called market-leading FAANG stocks.



5 years ago

Residents of this city received the largest tax refunds

Everything is bigger in Texas — even the tax refunds. Filers residing in Midland, Texas, received an average refund of $3,800 in the 2018 tax year, according to MagnifyMoney's analysis of IRS data.

5 years ago

Fed leaves rates near zero, sees virus risks lingering

The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only "weigh heavily" on the near-term outlook but poses "considerable risks" for the medium term as well.



5 years ago

Fed keeps rates steady, vows to maintain coronavirus measures

Federal Reserve policymakers on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the economy, saying the ongoing coronavirus pandemic will "weigh heavily" on the near-term outlook and poses "considerable risks" for the medium term.



5 years ago

Boeing to shrink workforce, raise cash as coronavirus slams jet industry

Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the coronavirus pandemic that drove its second consecutive quarterly loss.



5 years ago

U.S. stocks rally on coronavirus drug hopes

Wall Street stock indexes surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors look past bleak economic data.



5 years ago

Fed holds rates near zero — here's what that means for you

For everyday Americans with good credit, historically low interest rates on mortgages and credit cards can be a lifesaver. Riskier borrowers will have to look elsewhere for relief.

5 years ago