ARC International, the microprocessor developer, got off to a heady start on Thursday on its first day of trading on the London Stock Exchange.

Shares in ARC, which were priced on Wednesday at 210p, opened at a massive 395p, not far short of double the issue price. Within a matter of hours they had succeeded in doubling their value, briefly touching a high of 457.5p.

ARC shares more than double on first day of IPO

Miles Gregory-Costello

Goldman Sachs

London Stock Exchange

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Many on Wall Street have privately worried that political pressure will undermine the Federal Reserve’s credibility.

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JPMorgan, Wells Fargo lead the banks whose quarterly results may offer clues on how consumers and companies fared during a volatile period. The S&P 500 climbed 0.1%, and the Nasdaq rose 0.3% to a record.

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The bank put $50 billion toward lending to riskier companies to compete with nonbank giants dominating the market. The Walgreens deal was the payoff.

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Continuation vehicles were once used by “zombie funds” but now usually contain top-performing companies.

The Private-Equity Maneuver Allowing More Investors to Cash Out

The short-term rental company now enables guests to book services at its properties. But hosts worry about liability—and not getting a cut.

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The 59-year-old hedge fund titan made his pro-tennis debut in a competitive ATP doubles tournament alongside a Grand Slam champion, and it ended in a straight-set defeat.

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The president again pushed the Fed to lower rates, helping power the S&P 500 and the Nasdaq composite to fresh record closing highs.

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A new group plans to raise at least $20 million to stop the democratic socialist in the city’s mayoral race.

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