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Independent Articles For Our Investors

Billion-dollar database software startup MongoDB files for IPO

Thursday September 21st, 2017 09:50:11 PM
MongoDB Inc. , a subscription-based database software startup valued at more than $1 billion, filed for its initial public offering, according to the Securities and Exchange Commission late Thursday. Morgan Stanley, Goldman Sachs and Barclays are listed among the underwriters. MongoDB said it seeks up to $100 million in the IPO, but that figure is generally used as a placeholder in initial filings. The New York City-based company was last valued at $1.6 billion by venture capitalists with more than $300 million in total VC funding, according to The Wall Street Journal. For the fiscal year ended Jan. 31, 2017, MongoDB reported revenue of $101.4 million, a 55% rise from the previous year, for a net loss of $86.7 million, or $3.55 a share. The company plans to list under the ticker symbol "MDB" on the Nasdaq.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Dow snaps 9-day winning streak as stocks end lower

Thursday September 21st, 2017 08:04:38 PM
U.S. stock-market indexes closed lower on Thursday, retreating slightly from all-time highs, with consumer staples and technology shares selling off the most. Modest losses came a day after the Federal Reserve left interest rates unchanged and outlined its plan to start reducing its massive balance sheet in October. The S&P 500 shed 7.64 points, or 0.3%, to 2,500.60. The Nasdaq Composite index slipped 33.35 points, or 0.5%, to 6,422.69. The Dow Jones Industrial Average declined 53.36 points, or 0.2%, to 22,359.23, snapping a nine-day winning streak. Among the worst performers on the Dow, Procter & Gamble Co fell nearly 2%, while Apple Inc shares slid 1.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Exclusive: Macquarie leapfrogs Goldman to join top tier of commodity banks

Thursday September 21st, 2017 03:54:48 PM
LONDON (Reuters) - Australia's Macquarie Group Ltd has overtaken Goldman Sachs to break into the top three banks for commodities business, having significantly expanded its U.S. energy operations in...

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