Salesforce Reports After the Bell
Analysts surveyed by FactSet expect Salesforce, the cloud software company, to earn 55 cents a share in the fourth quarter on sales of $3.56 billion.
The Trade Talks Continue
Over the weekend, there were headlines about the possibility of a trade agreement between the U.S. and China.
The Wall Street Journal first reported the potential for a deal, which could come as soon as this month, with other media outlets adding details on the kinds of agreements proposed and the nature of the breakthrough between Washington and Beijing. At the center of any potential agreement, however, appears to be a pledge from both China and the United States to roll back tariffs currently imposed on $350 billion worth of goods, with Beijing vowing deeper structural reforms alongside larger farm and energy purchases, TheStreet's Martin Baccardax reported.
Lyft's Prepare to IPO
The IPO was formally announced on Friday, March 1. TheStreet's Tony Owusu reported that the ride hailing service, Lyft, officially filed an S-1 registration statement with the Securities and Exchange Commission for an initial public offering.
The company was valued at $15.1 billion after its latest funding round.
JPMorgan Chase, Credit Suisse and Jefferies will act as the primary underwriters for the company's debut on the Nasdaq. The stock will be listed under the symbol "LYFT."
The company will offer two classes of common stock, Class A and Class B, with Class B shareholders holding a 20 to 1 voting advantage over Class A stock holders.