Stocks

Robinhood hit with $70M record FINRA fine

Robinhood, the trading app popular with the retail community, is not popular with financial regulator FINRA, which just handed down the largest fine ever.

China's Didi raises $4.4 bln in upsized US IPO -sources

Chinese ride hailing company Didi Global Inc raised $4.4 billion in its U.S IPO on Tuesday, pricing it at the top of its indicated range and increasing the number of shares sold, according to two sources familiar with the matter.

Beachbody goes public through SPAC

Beachbody Company Inc. swung between gains and losses Monday after going public through a special purpose acquisition company, or SPAC.

Nike stock soars to record as US sales boom

Nike Inc. shares surged to a record high Friday as customers splurged on sneakers and sportswear as they looked to refresh their wardrobes coming out of the COVID-19 pandemic.

FedEx posts profit as online shopping boom continues

FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by a surge in online shopping and the growth of its business-to-business shipping services.