Shares of iQiyi Inc. IQ, -11.16% plunged 15% on heavy volume Friday, in the wake of the revelation by China-based streaming video service of an investigation by the Securities and Exchange Commission into certain acquisitions and investments. Trading volume was 38.5 million shares, enough to make the stock the 7th …
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Text size Chinese retail sales fell unexpectedly in July. Getty Images The S&P 500 closed Friday almost unchanged, as investors mixed data weighing on consumer confidence and retail sales against an upcoming trade meeting between Chinese and U.S. officials. While headline U.S. retail sales figures missed forecasts, with a monthly …
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Department store vendors received a boost on Friday when the latest government data showed a 1.2% increase in U.S. retail sales. Nordstrom Inc. JWN, + 3.04% shares up 5.8%; Kohl’s Corp. KSS, + 3.19% stock was up 6.6%; and Macy’s Inc. M, + 4.80% shares jumped 9.3% on the news. …
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Duck Creek Technologies Inc.’s share of DCT, + 52.22% began its public life with a major rally, as the initial trade was 55.6% above the initial price of the officially offered $ 27, which was above the previously expected range. The Boston-based software-as-a-service (SaaS) company for the real estate and …
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Text size Andrew Harrer / Bloomberg With interest rates on historic leases, a new fee could make it more expensive to refinance your mortgage, experts say. Fannie Mae (ticker: FNMA) and Freddie Mac (FMCC) announced a new 0.5% fee on limited cash-out refinances and cash-out refinances on Wednesday night. The …
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