Design-software maker Figma publicly released an S-1 registration statement, confirming plans for a U.S. initial public offering. The filing puts the San Francisco-based company on track to join a slowly reviving market for venture-backed listings later this year, and opens a path for early investors and employees to begin cashing in equity awards.

Alongside the filing, Figma said ServiceNow Chairman and Chief Executive Officer Bill McDermott has joined its board of directors. Co-founder and CEO Dylan Field said McDermott’s experience leading large enterprise-software businesses would help Figma scale its own platform for corporate customers.

Truist Securities has upgraded its rating on ServiceNow Inc. (ticker: NOW) from Hold to Buy, raising the price target from $950 to $1,200. Analyst Joel Fishbein cited the company's potential to consolidate the enterprise IT stack by leveraging artificial intelligence and navigating macroeconomic uncertainty as key factors behind the upgrade. Truist expects a recovery rally for ServiceNow shares, projecting a potential stock price increase of more than 25%. The firm highlighted ServiceNow's strong positioning relative to other vendors in the enterprise software landscape.

The U.S. dollar index is on track for its worst performance during the first 100 days of a U.S. presidency since the Nixon era, having declined nearly 9% since January 20, when Donald Trump returned to the White House. This drop marks the largest loss through the end of April since at least 1973, contrasting with the typical strength seen in the currency during the early days of recent presidencies. The so-called Nixon shock of 1971, which ended the Bretton Woods system of fixed exchange rates, has been cited as a historical parallel. Trump's tariff policy and heightened economic, trade, and geopolitical uncertainties have contributed to the dollar's weakness, prompting investors to seek assets outside the U.S. Speculative traders, including hedge funds and asset managers, have increased bearish bets on the dollar, with positions worth about $10 billion as of the week ended April 15, according to the Commodity Futures Trading Commission.

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ServiceNow has announced its acquisition of Logik.io, a move aimed at enhancing its customer relationship management (CRM) capabilities. The acquisition is part of ServiceNow's broader strategy to expand its reach into the CRM market, which includes improving sales and order management processes. This initiative is expected to position ServiceNow more competitively in the enterprise Configure Price Quote (CPQ) space. The acquisition was confirmed by multiple sources, highlighting its significance for ServiceNow's future in CRM solutions.

Design-software maker Figma publicly released an S-1 registration statement, confirming plans for a U.S. initial public offering. The filing puts the San Francisco-based company on track to join a slowly reviving market for venture-backed listings later this year, and opens a path for early investors and employees to begin cashing in equity awards.

Alongside the filing, Figma said ServiceNow Chairman and Chief Executive Officer Bill McDermott has joined its board of directors. Co-founder and CEO Dylan Field said McDermott’s experience leading large enterprise-software businesses would help Figma scale its own platform for corporate customers.

Truist Securities has upgraded its rating on ServiceNow Inc. (ticker: NOW) from Hold to Buy, raising the price target from $950 to $1,200. Analyst Joel Fishbein cited the company's potential to consolidate the enterprise IT stack by leveraging artificial intelligence and navigating macroeconomic uncertainty as key factors behind the upgrade. Truist expects a recovery rally for ServiceNow shares, projecting a potential stock price increase of more than 25%. The firm highlighted ServiceNow's strong positioning relative to other vendors in the enterprise software landscape.

The U.S. dollar index is on track for its worst performance during the first 100 days of a U.S. presidency since the Nixon era, having declined nearly 9% since January 20, when Donald Trump returned to the White House. This drop marks the largest loss through the end of April since at least 1973, contrasting with the typical strength seen in the currency during the early days of recent presidencies. The so-called Nixon shock of 1971, which ended the Bretton Woods system of fixed exchange rates, has been cited as a historical parallel. Trump's tariff policy and heightened economic, trade, and geopolitical uncertainties have contributed to the dollar's weakness, prompting investors to seek assets outside the U.S. Speculative traders, including hedge funds and asset managers, have increased bearish bets on the dollar, with positions worth about $10 billion as of the week ended April 15, according to the Commodity Futures Trading Commission.

Read more

ServiceNow has announced its acquisition of Logik.io, a move aimed at enhancing its customer relationship management (CRM) capabilities. The acquisition is part of ServiceNow's broader strategy to expand its reach into the CRM market, which includes improving sales and order management processes. This initiative is expected to position ServiceNow more competitively in the enterprise Configure Price Quote (CPQ) space. The acquisition was confirmed by multiple sources, highlighting its significance for ServiceNow's future in CRM solutions.