President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
PagerDuty, whose software helps companies respond quickly when their websites go down, is preparing to hit the public markets.
The company filed its IPO prospectus on Friday, and plans to trade on the New York Stock Exchange under the symbol "PD."
By today's standards, PagerDuty is small for a software company at the time of IPO. The company generated $32.1 million in the quarter that ended Oct. 31, and had a net loss of $15.3 million. And for the year ended Jan. 31, 2018, sales rose 41 percent to $79.6 million.
PagerDuty has over 10,000 customer, including, Gap, GE, IBM and Netflix, according to its website. Competitors include Atlassian and Splunk, which have both acquired their way into the market. PagerDuty's software helps technical staff at companies spot problems and respond to incidents such as customer complaints.
Morgan Stanley and J.P. Morgan Chase are among the banks leading the deal. Investors include Accel, Andreessen Horowitz, Baseline Ventures and Bessemer Venture Partners. T. Rowe Price Group led a $90 million investment in PagerDuty in September at a $1.3 billion valuation.
The company was founded in 2009 and is based in San Francisco. Last year several technology companies started trading on the public markets, including Dropbox, DocuSign and Zuora. Lyft filed to go public earlier this month, and Uber, Airbnb, Pinterest and Slack are among other big names that investors could see debut this year.
The filing says PagerDuty is looking to raise as much as $100 million in the IPO.