These are the stocks posting the largest moves before the bell.Market Insiderread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
J.P. Morgan chief Jamie Dimon praised the strength of the consumer after the largest U.S. bank posted strong second-quarter quarterly earnings release on Tuesday.Banksread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
KeyCorp said in an 8-K filing the fraud involves a "business customer" and was discovered "on or about" July 9.Banksread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
Johnson & Johnson's profit jumped 42% in the second quarter, with all three of the sprawling health-care company's businesses performing better than Wall Street expected.Health and Scienceread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Goldman Sachs reported second-quarter results that beat analysts' expectations Tuesday.Financeread more
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020, saying he was "most scared' by Elizabeth Warren.2020 Electionsread more
Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
Zoom, which provides video-conferencing software that can be used across devices, filed its IPO prospectus on Friday, joining a crop of Bay Area start-ups preparing to hit the public markets.
Unlike most tech companies at this stage, Zoom is profitable.
In the fiscal year that ended Jan. 31, Zoom had a net income of $7.6 million on $330.5 million in revenue, according to a regulatory filing. Revenue was up 118 percent from the prior year.
Zoom will trade on the Nasdaq under the symbol ZM and is initially looking to raise as much as $100 million, though that number will likely change.
Zoom has gained popularity by creating an easy-to-use service that works smoothly on mobile devices and is affordable for small groups and teams, which has created a wide and diversified customer base. The company said that its top 10 customers account for less than 10 percent of revenue. Its thousands of clients include Conde Nast, Uber and Williams-Sonoma.
Zoom cites Cisco's Webex, Microsoft's Skype, Google and LogMeIn as its competitors, and says that Amazon and Facebook "have in the past and may in the future make investments in video communications tools."
Zoom relies on its own data center infrastructure and also uses the Amazon Web Services and Microsoft Azure public clouds.
Zoom was founded in 2011 and is based in San Jose, California, with more than 1,700 employees. Emergence Capital is Zoom's biggest outside stakeholder, with 12.5 percent ownership, followed by Sequoia at 11.4 percent. Founder and CEO Eric Yuan, who was previously a vice president at Cisco, owns 22 percent.
"As one of the founding engineers and vice president of engineering at Webex, Eric was the heart and soul of the Webex product from 1997 to 2011," Zoom says of Yuan, on its website."
Zoom's prospectus comes after Lyft and PagerDuty filed to go public. Pinterest is expected to file its papers soon and Uber's is likely coming in the near future.