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Good Friday-yay!
Trade negotiations
There have been positive headlines around trade negotiations.
Treasury Secretary Steve Mnuchin said Friday through his social media account confirmed that talks with Chinese Vice Premier Liu He and China's Beijing trade team were "constructive," adding that Liu would travel to Washington next week to advance the discussions.
Lyft IPO
Before Friday's trading debut on the Nasdaq, 32.5 million shares of Stock of the day in real money The Lyft price (LYFT) was $ 72, generating more than $ 2.3 billion for the San Francisco-based company worth about $ 24.3 billion.
The price was in the upper range of Lyft's estimates filed with the Securities and Exchange Commission on Wednesday. The price range was initially set at $ 62 to $ 68 at the stock, but the estimate was raised to $ 70 to $ 72 earlier this week due to a demand for money. offer higher than expected.
Lyft increased its market share from 39% in 2016 to 39% in 2018, but by 22% in 2016, but the company has lost $ 3 billion since its inception in 2012, and there is no guarantee that the company will become profitable , a risk reported by Lyft. its own regulatory filings.
The retirement of Tim Sloan
Tim Sloan retired as CEO of Wells Fargo (WFC), a city beset by scandals.
The departure of Sloan is "an opportunity for Wells Fargo to stand out from its previous business practices," said Fitch Ratings, the bond rating company, in a press release.
The Wells Fargo Board will now conduct an external search for candidates. Attorney General Allen Parker will assume the position of Acting Director General until a replacement is found.
The decision to recruit outside the bank could cover a future CEO against charges that have haunted Sloan since his arrival in 2016: namely that he had been corrupted by his long tenure in the executive team that no Had not prevented the series of scandals.
Related. Jim Cramer: Leaving Wells Fargo is Tim Sloan's Best Initiative
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