Latest News on private equity markets

Incoming college students consider taking a gap year instead of school during Covid-19

As colleges remain closed indefinitely, the number of college-bound seniors considering a gap year is up significantly. But this option is not a quick fix.

5 years ago

Gap says may not have enough money to run operations

Gap Inc warned on Thursday it may not have enough funds to run its operations in the next 12 months as it weathers the impact of the coronavirus pandemic, and said it would need to cut costs and raise money by issuing debt.



5 years ago

Futures retreat ahead of jobless claims, business activity data

U.S. stock index futures headed lower on Thursday as investors braced for another staggering jobless claims report and a plunge in business activity data as state-wide lockdown measures hammer economic growth.



5 years ago

Mideast, African governments failing to protect airlines: IATA

Middle Eastern and African governments are failing to take the action required to protect their airlines from the economic crisis caused by the new coronavirus pandemic, the International Air Transport Association (IATA) said on Thursday.



5 years ago

Markets brush off ugly data, pin hopes on stimulus

World stocks inched up on Thursday on hopes for a massive joint stimulus fund to support the European Union during the coronavirus crisis and on an ongoing rebound in oil prices, while investors brushed off a slew of awful economic data.



5 years ago

Blackstone's first-quarter profit rises but coronavirus weighs

Blackstone Group Inc , the world's largest manager of alternative assets such as private equity and real estate, reported a 4% rise in its first-quarter distributable earnings driven by a surge in management fees on strong fundraising, even as its funds took a hit in the coronavirus-induced downturn.



5 years ago

Wall Street pares gains as business activity crashes

Wall Street pared gains slightly on Thursday as business activity plumbed new record lows in April with the novel coronavirus disrupting manufacturing and services industry production.



5 years ago

Global equities edge higher on oil rebound, stimulus hopes

Global equity benchmarks edged higher Thursday as investors weighed an ongoing rebound in oil prices against stark economic data from Europe and the United States that further illustrated the worldwide toll from the coronavirus pandemic.



5 years ago

U.S. business activity hits fresh record lows amid coronavirus lockdowns

U.S. business activity plumbed new record lows in April as the novel coronavirus severely disrupted manufacturing and services industry production, pushing the economy into uncharted waters.



5 years ago

Have old tax bills with the IRS? Why you should pay them immediately

Yes, Uncle Sam gave you more time to pay those 2019 taxes and submit last year's returns. However, there's no reprieve for people who owe from 2018 and 2017 -- and those sums are accruing interest.

5 years ago

Empty kitchens, closed stores: Small China firms struggle to cope with epidemic fallout

Ma Xinli has shut four of his clothing stores and expects to close another three by mid-June. Unsold winter stock is now hard to sell, there's no money to buy summer clothing, and rent and staff salaries still need paying.



5 years ago

Millions of Americans join unemployed ranks as coronavirus ravages economy

A stunning 26.5 million Americans have sought unemployment benefits over the last five weeks, confirming that all the jobs gained during the longest employment boom in U.S. history have been wiped out as the novel coronavirus savages the economy.



5 years ago

Leon Cooperman says the coronavirus crisis will change capitalism forever and taxes have to go up

The Omega Family Office chairman and CEO said on CNBC's "Squawk Box" that taxes will need to go up regardless of who wins the upcoming presidential election.

5 years ago

Jaguar Land Rover to restart some European output from mid-May

Jaguar Land Rover (JLR) will restart some production in Europe from May 18, including at one of its three British car plants and its factory in Slovakia, where the new Defender vehicle is being made.



5 years ago

Air France-KLM says CEO Ben Smith to give up 2020 bonus

Air France-KLM Chief Executive Ben Smith will give up his 2020 bonus, the airline group said on Thursday as it negotiates financial aid from the French and Dutch governments.



5 years ago