Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Facebook unveils the Portal TV, a streaming device that comes with a camera and microphones for making video calls via television.Technologyread more
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased.Economyread more
Credit card start-up Petal just completed a new financing round.Financeread more
Four Wall Street firms downgraded FedEx after the company's poor earnings report.Marketsread more
The electric car manufacturer is offering auto insurance to its owners in California, with plans to expand to other states later on.Personal Financeread more
Here are the biggest calls on Wall Street on WednesdayInvestingread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread more
The House subcommittee that oversees consumer product investigations launched its a probe of Juul in June, holding two days of hearings in July. In a letter to Juul sent...Health and Scienceread more
FedEx says trade around the world is starting to feel the squeeze of increased tariffs.Marketsread more
Cyber risk management company Tenable closed out its first day of trading up 31.5 percent, after jumping 40 percent in its public market debut Thursday.
Shares opened at $33.00, nudging the company's market value above $3 billion, and closed at $30.25 per share.
The company raised $250 million in the public offering, pricing its 10.9 million shares at $23 a piece, above the expected range of $20 to $22 per share. The stock trades on the Nasdaq under the ticker symbol "TENB."
It's an impressive fundraising for cybersecurity IPOs and particularly sizable for Tenable's niche, which is subscription-based cyber risk management tools. The company offers tools for companies to quantify in dollars the damage that could be caused by various types of security breaches, and caters to executives and board members worried about the risk from breaches and the cybersecurity professionals who work for them.
"The strength here is it's growing really fast, there's lots of recurring revenue and the valuation looks reasonable," said Kathleen Smith, a principal at Renaissance Capital, which manages IPO exchange-traded funds.
Tenable has proven it can keep subscriptions going at its approximately 24,000 client firms and that it can "expand inside of accounts," meaning customers are getting bigger subscriptions after signing on, a positive sign for investors, she said.
There are some issues to watch out for as well, Smith said: "They are investing a lot in sales and marketing, and gross margins have declined due to a shift in the subscription model." There are also a lot of competitors in the market, said Smith.
Tenable likely won't be the only cybersecurity firm going public this year — Crowdstrike, which helps companies fix breaches and minimize the damage, and Tanium, which helps companies monitor security vulnerabilities on "endpoints" like personal computers in a company, are also reportedly considering IPOs.
—CNBC's Sara Salinas contributed to this report.