Slack reference price for direct listing set at $26/share
Slack Technologies Inc’s direct listing price is set at $26 per share, according to a notice on the New York Stock Exchange on Wednesday....
Factbox: What is Slack?
Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, is scheduled to go public via a direct listing on June 20, instead...
DoubleLine’s Gundlach says Fed’s ‘pivot’ is following bond market’s lead
Jeffrey Gundlach, chief executive of DoubleLine Capital and the most widely followed bond investor, said the Federal Reserve’s dovish turn in its policy statement on...
Stocks approach record as Fed soothes Wall Street’s fears
The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the...
Global stocks gain, dollar weakens after Fed signals possible rate cuts
A gauge of global stock markets strengthened on Wednesday, bolstered by gains on Wall Street, and benchmark U.S. Treasury yields and the dollar dropped after...
DoubleLine’s Gundlach: Fed doing ‘what the bond market says – with a lag’
Jeffrey Gundlach, chief executive of Doubleline Capital, said on Wednesday that the Federal Reserve is doing “what the bond market says – with a lag.”...
Oracle quarterly profit beats estimates; shares rise
Oracle Corp beat fourth-quarter revenue and profit estimates on Wednesday, as the business software maker benefited from demand for its on-premise IT, cloud services and...
PG&E completes safety inspection of distribution infrastructure
Electric utility PG&E Corp said on Wednesday it has completed visual inspections of about 99% of its distribution infrastructure to provide additional precautionary measures intended...
Fed sees case for interest rate cuts this year building
The U.S. Federal Reserve on Wednesday signaled it could cut interest rates by as much as half a percentage point over the remainder of this...
Wall Street rises as investors cheer Fed rate cut signal
The S&P 500 approached its record high on Wednesday after the Federal Reserve signaled potential U.S. interest rate cuts later this year, reassuring investors worried...