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Dow soars to record high on trade optimism, joining other major US indexes

The index was driven higher by new hopes for a partial US-China trade deal. A deal could be signed as soon as this month, President Trump said Friday.
Traders work on the floor at the NYSE in New York

A new venture backed by Morgan Stanley and UBS is seeking to become a low-cost alternative to the New York Stock Exchange and Nasdaq

Members Exchange is looking to launch as early as mid-2020, and may offer early traders rebates to kick off activity on the new exchange.
WeWork cofounder and former CEO Adam Neumann.

Nasdaq’s CEO was reportedly so eager to win WeWork’s IPO that she proposed creating an entire stock market index named after it

Adena Friedman told WeWork's Adam Neumann she would create the "We 50" for environmentally conscious companies, The Wall Street Journal reported.

Peloton wipes out more than $900 million of investor wealth in its 1st day of public trading

Peloton's open was the third-worst since 2008, trailing only SmileDirectClub and ADT. Shares slumped more than 11% by market close.

WeWork just announced a Nasdaq listing and fresh limits on CEO Adam Neumann

The coworking startup is battling concerns about its path to profitability and governance ahead of its IPO.

Global equities are rallying after week from hell but investors ‘remain on the defensive’

"Treasury yields are climbing away from record lows on Friday...the movements in the bond markets are poised to remain on investors radars in the week ahead."
Apple CEO Tim Cook.

Apple is poised to add $40 billion to its market cap and surge past the $1 trillion mark after blowout earnings

Apple stock rose 4% in premarket trading after earnings that saw services revenue jump 13% to a record high of around $11.5 billion
China's new tech focused Star Market exchange launched today

China just launched its own Nasdaq for local tech IPOs and one stock soared more than 500%

China hopes the new equities market will encourage more domestic investment as well as encourage Chinese businesses to list at home.

Oil is being propped up by Middle East tensions after the US used video to blame Iran for tanker attacks

Oil prices on Friday were pushed and pulled between competing drivers of Iran tensions and a supply glut.
A barista packs a coffee for online sales at a Luckin Coffee store in Beijing, China July 17, 2018. Picture taken July 17, 2018.

Luckin Coffee, a massive but unprofitable Chinese Starbucks competitor, is set to begin trading in the US

Luckin Coffee is set to begin trading Friday on the Nasdaq under the ticker LK.