Articles by: Rexford Register Staff Writer

Dow ends up over 160 points on China trade deal optimism

Dow ends up over 160 points on China trade deal optimism

U.S. stocks closed solidly higher Wednesday as gains in communication-services and information-technology shares helped to power a rebound for a market that has been weighing the implications of an impeachment inquiry into President Donald Trump. The Dow Jones Industrial Average finished up 163 points, or 0.6%, at 26,971, propelled higher by shares of Nike Inc. . The S&P 500 index […]

by × September 26, 2019 ×
Peloton prices its IPO at a top-of-the-range $29 a share, raising $1.2 billion

Peloton prices its IPO at a top-of-the-range $29 a share, raising $1.2 billion

Peloton Interactive Inc. , , announced Wednesday night that it will charge $29 a share in its initial public offering, the top of the targeted range. Peloton plans to sell at least 40 million shares at that price, which would raise $1.16 billion at an initial valuation of about $8 billion. In addition, existing investor TCV will purchase $100 million […]

by × September 26, 2019 ×
IEX stock exchange of ‘Flash Boys’ fame plans to exit listing business

IEX stock exchange of ‘Flash Boys’ fame plans to exit listing business

Startup IEX Group Inc. plans to exit from the cutthroat business of stock listings to focus on its bread-and-butter trading operations. CEO Brad Katsuyama told MarketWatch during a recent interview that “listings became a business that was not our highest-opportunity business.” IEX kicked off its listings unit, in which corporations pay fees to an exchange for services tied to being […]

by × September 25, 2019 ×
Climate-change protest snarls Washington, D.C., traffic

Climate-change protest snarls Washington, D.C., traffic

Climate activists blocked vehicle traffic at multiple key intersection during Monday morning‘s rush hour in Washington, D.C., as they tweeted about their protests using the #ShutDownDC hashtag. they want to "shut down business-as-usual, so the status quo of delay, inaction, and half measures is no longer an option." Affected intersections included Independence Avenue SW at 12th Street and Connecticut Avenue […]

by × September 25, 2019 ×
Need to Know: We’ve entered the year’s weakest week — historically — for stocks

Need to Know: We’ve entered the year’s weakest week — historically — for stocks

The “weakest week” of the year for the S&P 500 is upon us. What that means, according to our chart of the day below, is that based on history, this has generally been a lousy week for returns in stocks. And indeed, this morning, investors are struggling to look past some bearish headlines to keep their fingers on the buying […]

by × September 25, 2019 ×