Wix.com Slips 1% on Plans for $350 Million Private Placement of Five-Year Convertible Senior Notes

Wix.com Slips 1% on Plans for $350 Million Private Placement of Five-Year Convertible Senior Notes

Wix.com Ltd. (WIX) was falling late Wednesday after announcing plans for a $350 million private placement of convertible senior notes due July 2023 to qualified institutional buyers. The web-development company also expects to issue a 13-day option to underwriters to buy up to $52.5 million more of the notes to cover potential over-allotments. The notes will be convertible at the investor’s option at any time prior to two days before […]

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Bond Prices Give Back Recent Gains with Rate Hikes Ahead

Bond Prices Give Back Recent Gains with Rate Hikes Ahead

US Treasury prices on Wednesday gave up Tuesday’s gains, working their way lower throughout the session with the longer end leading as trade tensions ebbed, aiding in a global stock advance. Federal Reserve Chair Jerome Powell spoke early, offering an upbeat assessment on the economy and that the case for the Fed to continue to gradually increase rates was strong. The 30-year yield settled near 3.063% versus a late 3.0664% […]

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Nasdaq Powers to Record High on Tech, Media Gains

Nasdaq Powers to Record High on Tech, Media Gains

Tech stocks and media companies powered the Nasdaq Composite to a record high on Wednesday, while the Dow Jones Industrial Average posted a seventh consecutive loss, the longest stretch in 15 months as tariff jitters continued to weigh. The Nasdaq climbed out of the gate, with gains driven by 21st Century Fox (FOX, FOXA) which rose 7.3% and 7.5% after Walt Disney (DIS) upped its bid for the company following […]

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