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Offices Bypass Private Equity and Go Direct -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2639460854","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2639460854?lang=en_us&edition=fundamental","pubTime":"2026-05-30 07:08","pubTimestamp":1780096080,"startTime":"0","endTime":"0","summary":"For family offices, private-equity investments have been growing for years.  But now more are taking a different approach: direct investing in private companies. Last year, wealthy families boosted the value of direct investments by a stunning 123.3% to nearly $13 billion, says S&P Global Market Intelligence.Direct investments offer more transparency, sometimes more control, and avoid private-equity fees. In a Citi Wealth survey, 70% of family offices said they were \"engaged with direct investments\" and 40% increased activity in the past year. Families believe direct investing offers them a competitive advantage \"because they can deploy patient capital and they can hold it for a long time or a very long time,\" says Alexandre Monnier, Citi Wealth's head of Family Office Advisory.Memory-chip maker SK Hynix joined Micron Technology in the trillion-dollar market-cap club. Pope Leo warned of AI in a 42,300-word encyclical. A U.K. AI institute found safety gaps in major AI models. 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EV Model Seen as Complementary to Brand Positioning, UBS Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2639169081","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2639169081?lang=en_us&edition=fundamental","pubTime":"2026-05-29 01:04","pubTimestamp":1779987876,"startTime":"0","endTime":"0","summary":"Ferrari's  electric vehicle offering is more likely to act as a complementary extension to the range rather than a fundamental shift in the brand's positioning, UBS Securities said in a Thursday note.Customer sentiment on both design and value-for-money was mixed and softer than pre-event expectations, the investment firm said, adding that Ferrari may need to rely more on collectors than initially anticipated.UBS further said that while it recognizes the need to diversify the offering in response to evolving consumer preferences and regulatory pressures, it believes that a more gradual evolution of the brand may be preferable to a step-change transformation.\"With three new launches in 2026, we expect Ferrari to continue balancing new customer acquisition with its disciplined, scarcity-driven strategy,\" according to the note.UBS has a buy rating with a $483 price target on Ferrari.Shares of the company rose more than 3% in Thursday afternoon trading.Price: 343.81, Change: +10.59, Percen","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["CARD","BK4099","BK4555","BK4585","BK4588","BK4548","RACE"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1111033550","title":"Movement Alert｜Ferrari Rises 3.65% in Regular Trading, CEO Confirms Orders Flowing in for First Electric Model Luce","url":"https://stock-news.laohu8.com/highlight/detail?id=1111033550","media":"Market Focus","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1111033550?lang=en_us&edition=fundamental","pubTime":"2026-05-28 22:15","pubTimestamp":1779977725,"startTime":"0","endTime":"0","summary":"On May 28, Ferrari rose 3.65% in regular trading, trading at $344.79/share, with trading volume of $86.73 million. The stock continued its technical rebound after plunging nearly 8% on May 26...","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["RACE"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2638669585","title":"Market Chatter: Ferrari Already Receiving Orders for New Electric Sportscar","url":"https://stock-news.laohu8.com/highlight/detail?id=2638669585","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2638669585?lang=en_us&edition=fundamental","pubTime":"2026-05-28 20:41","pubTimestamp":1779972107,"startTime":"0","endTime":"0","summary":"Ferrari  Chief Executive Benedetto Vigna said the company is already receiving orders from new and old customers for its first electric model, Bloomberg reported Thursday.On Monday, Ferrari unveiled its new all-electric Luce sports car and said it was expanding its lineup with a dedicated electric platform. The luxury sports car maker's shares fell sharply after the announcement, as investors seemed wary of the high price of the car, which was reported by media outlets to start at 550,000 euros .The four-door model includes four electric motors, a 122 kWh battery, and an electric all-wheel drive, delivering 0-100 km/h acceleration in 2.5 seconds, Ferrari said.\"The Ferrari Luce has nothing to do with electric cars you have seen from other players,\" Vigna said Thursday at an event in Modena, Italy, Bloomberg reported. \"You have to see it and drive it to understand that it wasn't copied - not the interiors, not the exterior, not the performance.\"Ferrari didn't immediately respond to a req","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4585","BK4099","BK4548","BK4588","RACE","BK4555"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1171736776","title":"Ferrari CEO Defends Pricing Strategy for First Fully Electric Vehicle","url":"https://stock-news.laohu8.com/highlight/detail?id=1171736776","media":"Deep News","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1171736776?lang=en_us&edition=fundamental","pubTime":"2026-05-28 20:02","pubTimestamp":1779969762,"startTime":"0","endTime":"0","summary":"Ferrari NV CEO Benedetto Vigna stated on Thursday that the price of the manufacturer's new Luce model represents a fair cost for innovation. According to reports, Vigna remarked, \"You have to see the...","market":"nz","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4588","BK4548","BK4099","CARD","BK4585","BK4555","RACE"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1110251089","title":"Lantu Executive Counters Former Ferrari Chairman's Remarks on Luce Design: We Have No Interest in Imitating You","url":"https://stock-news.laohu8.com/highlight/detail?id=1110251089","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1110251089?lang=en_us&edition=fundamental","pubTime":"2026-05-28 20:01","pubTimestamp":1779969665,"startTime":"0","endTime":"0","summary":"Recently, Ferrari's first all-electric model, the Luce, made its official debut, sparking significant debate over its exterior design. Regarding the design, former Chairman Luca di Montezemolo, who...","market":"other","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4548","BK4099","RACE","BK4585","BK4555","BK4588"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1151359099","title":"Criticism Abounds Yet Orders Flow: Ferrari CEO Addresses Backlash Over First Electric Vehicle, Emphasizing Customer Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1151359099","media":"Stock News","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1151359099?lang=en_us&edition=fundamental","pubTime":"2026-05-28 19:47","pubTimestamp":1779968860,"startTime":"0","endTime":"0","summary":"Ferrari NV (RACE.US) CEO Benedetto Vigna has publicly addressed the intense media reaction following the debut of the company's first all-electric vehicle, the Luce, at a media roundtable in Modena,...","market":"nz","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4548","BK4555","BK4585","RACE","BK4588","BK4099"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2638660684","title":"Analyst Reaffirms Buy on Ferrari, Maintaining €350 Price Target Despite EV-Related Pullback","url":"https://stock-news.laohu8.com/highlight/detail?id=2638660684","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2638660684?lang=en_us&edition=fundamental","pubTime":"2026-05-28 19:15","pubTimestamp":1779966939,"startTime":"0","endTime":"0","summary":"Analyst Horst Schneider of Bank of America Securities reiterated a Buy rating on Ferrari, retaining the price target of €350.00. Horst Schneider ha...","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/ratings/analyst-reaffirms-buy-on-ferrari-maintaining-e350-price-target-despite-ev-related-pullback-ratings-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/ratings/analyst-reaffirms-buy-on-ferrari-maintaining-e350-price-target-despite-ev-related-pullback-ratings-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["RACE","CARD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2638669737","title":"Ferrari Takes Huge Gamble With New EV -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2638669737","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2638669737?lang=en_us&edition=fundamental","pubTime":"2026-05-28 17:32","pubTimestamp":1779960720,"startTime":"0","endTime":"0","summary":"0932 GMT - Ferrari's electric vehicle represents an enormous gamble to broaden its portfolio and capture buyers from an increasingly tech-centric wealth pool, with the reputation of an 80-year-old brand at stake, Berenberg analysts write in a note. The styling is a glaring departure from the Italian automaker's heritage, and while initial customer reactions to images of the car included some shock and harsh criticism, sentiment shifted after the car and especially its interior were seen in person. \"Some customers may struggle to view the Luce as a true Ferrari, and the social media backlash will likely persist, but that may not matter for the investment case.\" Berenberg models 25 Luce shipments in the fourth quarter and 1,000 in 2027. Shares rise 1.2%. ","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4588","BK4099","BK4548","BK4555","CARD","BK4585","RACE"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2638265784","title":"Analysts Offer Insights on Consumer Cyclical Companies: WEB Travel Group (OtherWEBJF) and Ferrari (RACE)","url":"https://stock-news.laohu8.com/highlight/detail?id=2638265784","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2638265784?lang=en_us&edition=fundamental","pubTime":"2026-05-28 14:00","pubTimestamp":1779948024,"startTime":"0","endTime":"0","summary":"There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on WEB Travel Group (WEBJF) and Ferrari (RACE) w...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/analysts-offer-insights-on-consumer-cyclical-companies-web-travel-group-otherwebjf-and-ferrari-race-blurbs-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/analysts-offer-insights-on-consumer-cyclical-companies-web-travel-group-otherwebjf-and-ferrari-race-blurbs-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["WEBJF","BK4555","BK4585","RACE","BK4099","BK4548","BK4588","BK4142"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2639643735","title":"Ferrari CEO says first EV racking up orders despite criticism","url":"https://stock-news.laohu8.com/highlight/detail?id=2639643735","media":"Daniele Lepido / Bloomberg","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2639643735?lang=en_us&edition=fundamental","pubTime":"2026-05-28 11:51","pubTimestamp":1779940274,"startTime":"0","endTime":"0","summary":"Ferrari NV chief executive officer Benedetto Vigna said its first electric model, set to cost €550,000, is getting orders from old and new customers after its look triggered a wave of criticism.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/sector-focus/ferrari-ceo-says-first-ev-racking-orders-despite-criticism?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.theedgesingapore.com/news/sector-focus/ferrari-ceo-says-first-ev-racking-orders-despite-criticism?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"edge_highlight","symbols":["CARD","BK4548","BK4555","BK4585","RACE","BK4588","BK4099"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2638668007","title":"Jefferies Remains a Buy on Ferrari (RACE)","url":"https://stock-news.laohu8.com/highlight/detail?id=2638668007","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2638668007?lang=en_us&edition=fundamental","pubTime":"2026-05-28 02:06","pubTimestamp":1779905162,"startTime":"0","endTime":"0","summary":"In a report released today, James Grzinic from Jefferies maintained a Buy rating on Ferrari, with a price target of €350.00. According to TipRanks,...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/jefferies-remains-a-buy-on-ferrari-race-blurbs-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/jefferies-remains-a-buy-on-ferrari-race-blurbs-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4548","BK4588","BK4099","RACE","BK4555","BK4585"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2638884856","title":"Ferrari Targets Remain Intact Despite Cold EV Reception -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2638884856","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2638884856?lang=en_us&edition=fundamental","pubTime":"2026-05-27 20:52","pubTimestamp":1779886320,"startTime":"0","endTime":"0","summary":"1251 GMT - Ferrari investors' negative initial reception to the Luce electric vehicle doesn't compromise the company's five-year growth plan, Equita analyst Martino De Ambroggi writes. The automaker is targeting annual mid-single-digit percentage growth over the next five years, and Equita assumes that sales of 400 to 700 Luces a year will be sufficient to stay on target. \"With this innovative product, apart from the volumes, it is important that the image of quality and performance of the brand is preserved.\" Ferrari shares fell over 8% yesterday but are 0.5% higher Wednesday. ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4548","BK4588","BK4099","RACE","CARD","BK4555","BK4585"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1127383089","title":"Movement Alert｜Ferrari Rises 3.04% in Pre-Market Trading, Technical Rebound Following First EV Launch Sell-Off","url":"https://stock-news.laohu8.com/highlight/detail?id=1127383089","media":"Market Focus","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1127383089?lang=en_us&edition=fundamental","pubTime":"2026-05-27 17:12","pubTimestamp":1779873127,"startTime":"0","endTime":"0","summary":"On May 27, Ferrari rose 3.04% in pre-market trading, trading at $339.95 USD/share, with trading volume of $858,900.The rebound follows a sharp sell-off in the prior session triggered by the launch of...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["RACE"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2638570450","title":"Auto & Transport Roundup: Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2638570450","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2638570450?lang=en_us&edition=fundamental","pubTime":"2026-05-27 16:20","pubTimestamp":1779870000,"startTime":"0","endTime":"0","summary":"The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1159 GMT - Uber Technologies has had its eye on Delivery Hero for some time, Davidson analysts say in a research note. The U.S. ride-hailing company has emerged as the biggest shareholder in the German company after making sizable stake purchases in recent weeks. And now, Uber's 10 billion euro  takeover approach makes strategic sense and appears to be a reasonable valuation, the analysts add. \"The addition of Delivery Hero would enable Uber to solidify its marketplace flywheel in some of its key International growth markets  and continue to","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4588","RACE","BK4548","BK4099","BK4585","BK4555"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2638257606","title":"Ferrari (RACE) Receives a Buy from RBC Capital","url":"https://stock-news.laohu8.com/highlight/detail?id=2638257606","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2638257606?lang=en_us&edition=fundamental","pubTime":"2026-05-27 13:35","pubTimestamp":1779860122,"startTime":"0","endTime":"0","summary":"In a report released today, Tom Narayan from RBC Capital maintained a Buy rating on Ferrari, with a price target of €430.00. 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An avalanche of online memes make fun of the Luce's design, and the company sheds $5 billion in market value.Dropbox Co-founder Houston to Step 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Executives from the technology companies warned that lawmakers risk putting their citizens' privacy and security at risk under a government proposal to give police access to information on their digital devices.Dropbox Co-founder Houston to Step Down as CEO After 19 Years. Dropbox Chief Executive Andrew Houston will step down from his role after 19 years at the head of the company and become executive chairman.The materials and chemicals company said the reverse split was approved by both shareholders and the board of directors.The cable TV and online retailer's chapter 11 reorganization unfairly strips all value from their $1.4 billion in equity, investors allege.Launch of Ferrari's $640,000 EV Erupts Into a Storm About Its Looks. 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Red-Heard on the Street Recap -- WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2638827523","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2638827523?lang=en_us&edition=fundamental","pubTime":"2026-05-27 05:03","pubTimestamp":1779829380,"startTime":"0","endTime":"0","summary":"Markets were mostly higher, led by technology. The S&P 500 gained 0.6% and the Nasdaq rose 1.2%, boosted by chip stocks. Micron Technology and ON Semiconductor were the top gainers in the S&P 500, rising 19% and 9.3% respectively.Bonds rose and oil prices were mixed as the outcome of Iran negotiations remains unclear. The 10-year Treasury yield declined 0.080 percentage point to 4.490%. Front-month Brent crude futures settled up $3.44, or 3.6%, to $99.58 a barrel. WTI crude fell $2.71 a barrel, or 2.8%, to $93.89.BP removed its chairman over concerns about his behavior. The board of the London-based oil major said it had unanimously decided that Albert Manifold should no longer serve as chair. This came after the board was told that he was verbally abusive and bullying toward employees, and had mishandled company information, The Wall Street Journal reported. 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