(CNBC) Salesforce’s blockbuster deal for the Slack messaging platform will give the software giant the visibility it needs to increase its valuation by threefold. To read this article:

(CNBC) Stock futures were little changed in overnight trading on Thursday as investors awaited a key November jobs report to gauge the pace of labor market recovery in the face of a worsening pandemic. Futures on the Dow Jones Industrial […]

(CNBC) Southwest Airlines on Thursday said it could furlough more than 6,800 employees — about 12% of its staff — citing what it called a “lack of meaningful progress” in cost-cutting negotiations with labor unions. Southwest like other airlines has […]

(Hedgeweek) This year’s Covid-19 stock market upheaval has revealed an “Achilles’ heel” in quantitative hedge fund models that use traditional factors such as momentum and value, as machine-based strategies have struggled against “unique new drivers of stock returns that don’t […]

(Opalesque) A wavering investor appetite for risk and a deteriorating competitive environment is leading to a negative outlook for the global asset management industry next year. Rating agency Moody’s Investors Service said in its annual outlook report that, on top […]

(CNBC) House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer on Wednesday urged Senate Majority Leader Mitch McConnell to use a $908 billion bipartisan coronavirus stimulus plan as the basis for relief talks as Congress scrambles to send aid […]

(CNBC) Salesforce is making the biggest acquisition in its 21-year history, announcing on Tuesday that it’s buying chat software developer Slack for over $27 billion. Through a combination of cash and stock, Salesforce is purchasing Slack for $26.79 a share […]

Hedgeweek) Hedge fund veterans Chris James and Charles Penner are part of the founding team behind new impact investor Engine No 1, which will look to create long-term value by driving positive impact through active ownership and investment in public […]

(CNBC) Shares of Snowflake fell as much as 8% in extended trading on Wednesday after the data-warehousing software maker issued its first quarterly financial results as a public company. To read this article:

(CNBC) The chief operating officer of Jeff Bezos’ private space company Blue Origin is leaving, the company confirmed to CNBC on Wednesday. To read this article:

(Bloomberg) Chris James, who co-founded one of the biggest technology hedge funds in the early 2000s, is starting a firm to invest in companies that can have a positive impact on society and the environment. Engine No. 1 will press […]

(CNBC) Airbnb plans to price at $44 to $50 per share in its IPO, giving it a valuation of up to $35 billion on a fully diluted basis, according to a new filing it submitted to the Securities and Exchange […]