Stock futures edge higher | China makes unprecedented proposals | Lyft to price shares

  • 📰 CNBC
  • ⏱ Reading Time:
  • 74 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

U.S. stocks are limping to the finish ahead of the final two trading days of March.

U.S. stock futures were modestly higher this morning ahead of the final two trading days of March. The S&P 500 and Nasdaq have fallen in three of the past four sessions, although both are still higher for the month, while the Dow still has a 1.1 percent March deficit to make up.

China has made unprecedented proposals in talks with the U.S. on a range of issues including forced technology transfer as the two sides work to overcome remaining obstacles to a trade deal, Reuters said, citing a U.S. official.President Donald Trump said in a Fox News interview that he intends to release classified documents the FBI used to launch a probe of Russian interference in the 2016 election.

Trump's presumptive nominee for the Federal Reserve, Stephen Moore, owes more than $75,000 in unpaid federal income taxes and related penalties, court records reveal. Lyft is expected to price its shares today and go public Friday on the Nasdaq under the ticker LYFT. The company increased its expected IPO share price range to between $70 and $72 per share in a new filing.

Five Below came in a penny ahead of estimates with quarterly earnings of $1.59 per share, with the discount retailer's revenue also registering a beat. Five Below did, however, issue a 2019 earnings outlook of $3.00 to $3.07 per share, below the consensus estimate of $3.13. Five Below was also added to the"Conviction Buy" list at Goldman Sachs, with a price target of $147.

Volkswagen CEO Herbert Diess told reporters he is not interesting in buying or partnering with Fiat Chrysler . That comes a day after reports said Renault planned to pursue Fiat Chrysler if it can restart and successfully conclude merger talks with longtime partner Nissan.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LULU Stock | LULULEMON ATHLETICA Stock Price Today | Markets Insider
Source: BusinessInsider - 🏆 729. / 51 Read more »

What You Need To Know About The Lyft IPO: Strong Investor Demand And Strong ESG CharacteristicsSharing economy unicorn Lyft has turned to the public markets for growth capital. Accordingly, a wide range of investors will be able to purchase Lyft stock, which will trade on the Nasdaq, due to its strong overall ESG profile. The IPO is already oversubscribed.
Source: Forbes - 🏆 394. / 53 Read more »

Tesla analyst cuts Model 3 forecast, now sees bear market in stock aheadRBC Capital Markets says delivery issues and lackluster demand will plague Tesla earnings; analyst Spak cuts his stock forecast 14 percent. Model 3 has an ugly nose. Analyst cut Model 3 forecast once before and has no evidence to support this new decision to cut. Evidence suggests Model 3 sales in Feb were huge in Europe and China. Analysts missed Tesla deliveries forecast by wide margin in 2018 and are still working with flawed fcast model.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market winners list so far this year features odd bedfellows in 'FANG' and utility stocksStocks that act more like bonds are what investors prefer at the moment. Orthodontist tells me you can fix a FANG by putting having braces installed
Source: CNBC - 🏆 12. / 72 Read more »

Recession fears trigger 'sea of red' in stock markets as traders flee to safetyAsian equities plummeted and global stocks edged lower after warnings in the bond market about global growth and a looming US recession. BIAUS
Source: BusinessInsider - 🏆 729. / 51 Read more »