U.S. SEC proposes allowing more investors access to private companies
The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to...
Despite IPO flameouts, 2019 sets record for U.S. unicorn births
Unicorns like Uber, Lyft and Slack may have had disappointing IPOs, but U.S. venture capital firms gave birth to a record number of unicorns in...
Indian tribunal orders reinstatement of Mistry as chairman of Tata Sons
Cyrus Mistry, who has been embroiled in a legal battle with Tata Group since being ousted in 2016, won backing from a tribunal to be...
Automakers to pay $3 billion in new U.S. tariffs under USMCA: budget estimate
U.S. President Donald Trump’s rewrite of North American trade rules will cost automakers nearly $3 billion more in tariffs over the next decade for cars...
FedEx shares dive 10% after profit warning; analysts see worse coming
FedEx Corp shares tumbled more than 10% on Wednesday after the company slashed its 2020 profit forecast a second time, as it revamps its business...
Wall Street builds on record-setting rally; FedEx drops
The S&P 500 inched to an all-time high on Wednesday, extending a record-setting run as optimism about global economic growth strengthens, limited somewhat by a...
Fund investors pull back from U.S. stocks as year-end nears
U.S. fund investors started closing the books on 2019 by withdrawing more than $10.9 billion from mutual funds and exchange-traded funds that hold domestic stocks...
Canada’s SNC-Lavalin unit pleads guilty to fraud charge in Libya case
A division of SNC-Lavalin Group Inc pleaded guilty to one fraud charge and will pay a C$280 million fine related to projects in Libya, the...
Indian tribunal backs Mistry’s reinstatement as chairman of Tata Sons
Cyrus Mistry, who has been embroiled in a legal battle with Tata Group since being ousted in 2016, won backing from a tribunal to be...
Dollar gains on Fed rates view; stocks edge higher
The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while global equity markets...