Slack's unusual IPO is here, Fed holds rates — for now, and more top news

The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.

Slack Technologies will make its entrance on the New York Stock Exchange today at a value of approximately $15.7 billion, based on a price of $26 per share. That's up from a valuation of $7.1 billion last August. The popular workplace instant messaging startup is pursuing an unusual direct listing, similar to Spotify’s, where investors can begin selling existing shares immediately. With remote work driving the need for mobile communication, 10 million people spend over 50 million hours on the platform each week, according to CEO Stewart Butterfield. ? Here’s what people are saying.

The Federal Reserve left interest rates unchanged and indicated that no cuts were planned before next year. Chairman Jerome Powell cited continued job gains, low unemployment and continued economic expansion as reasons to stand pat. However, he also said that the bank was prepared to act sooner if warranted. The announcement came amid widespread discussion about the possibility of the Fed lowering its target rate following a lackluster jobs report and continued urging from President Trump. ? Here’s what people are saying.

Airbus flew past Boeing once again at the Paris Air Show, with a total of 206 orders for its newest plane — including 50 from American Airlines in a deal valued at almost $3 billion. The airline became the first in the U.S. to order the French planemaker’s new XLR jet, which flies farther than Boeing’s beleaguered MAX plane. The American planemaker made a splash earlier this week, however, with a $24 billion order from British Airways parent IAG for 200 MAX jets, which have been grounded since a second deadly crash involving the craft in March. ? Here’s what people are saying.

San Francisco is poised to become the first U.S. city to ban electronic cigarettes. City supervisors voted in favor of the ordinance this week; a second vote is needed next week for it to pass. The measure, which the city is taking against the “growing health epidemic of youth vaping," would effectively ban the sale, manufacture and distribution of tobacco products, including e-cigarettes, on city property. Approximately 4.9 million middle and high school students were vaping in 2018, according to the Centers for Disease Control and Prevention, up from 3.6 million in 2017. ? Here’s what people are saying.

Employed women are working more and spending more time looking after their children and on household chores — and sleeping less, says The Wall Street Journal. The Labor Department’s annual American Time Use Survey shows women spent on average seven hours and 20 minutes each day on the job last year — the most since the survey started 16 years ago — and also spent 30 minutes extra each day on chores like cooking and cleaning. At what cost? They’re sleeping, socializing and exercising less, the survey found. ? Here’s what people are saying.

Idea of the Day: Don’t become an unresponsive employee, says Frost & Sullivan CEO Richard A. Moran; it shows a lack of respect.

“The workplace is moving so fast today that 'the quicker the response, the better' is always a good rule.”

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