*By Jacqueline Corba*
BODY: Shares of DocuSign surged 37 percent in the their market debut Friday. The electronic signature company raised $629 million in its initial public offering and ended the day with a market value of nearly $6 billion.
"The reception we've received on Wall Street has been great," said the DocuSign CEO Dan Springer. "The company has the scale, we have over 500 million dollars of revenue. The company continues to have great growth."
In fiscal 2018, DocuSign became cash-flow positive and generated $518 million in revenue.
Springer said the company is looking toward international expansion. Only 17 percent of the firm's revenue is from outside of the U.S.
For the full interview, [click here](https://cheddar.com/videos/docusign-ceo-dan-springer-on-first-day-of-trading).
Another automaker is trying to cut its workforce to trim expenses and stay competitive as the industry makes the long and costly transition to electric vehicles.
The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.
Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy.
Disgraced Theranos CEO Elizabeth Holmes has avoided starting her more than 11-year prison sentence on Thursday by deploying the same legal maneuver that enabled her co-conspirator in a blood-testing hoax to remain free for an additional month.
When people think of asset classes, most think of stocks and bonds. Mark Hamrick, senior economic analyst with Bankrate.com, joined Cheddar News to discuss why the current economy is making the cash savings account a more worthwhile investment than it's been in previous years.
The National Labor Relations Board said Tesla was found guilty of breaking U.S. labor law after telling employees to not discuss or complain about wages.
Christine Short, vice president of research with Wall Street Horizon, joined Cheddar News to discuss Wednesday's trading session as positive earnings from some tech companies lifted stocks. "This is the safe haven for investors, the barometer of global growth depending on the company we're talking about," she said.
