Internet analyst Tom White told CNBC on Monday that he’s “surprised” to see Lyft shares actually go higher on lockup expiration day. “I was expecting [a down day]. I think it reflects that this company’s been private for a very long time,” the D.A. Davidson senior research analyst said. “We’re clearly seeing some selling from
Young shoppers browse makeup products at an Estee Lauder MAC Cosmetics store. Kiyoshi Ota | Bloomberg | Getty Images Estee Lauder forecast full-year revenue and profit above Wall Street expectations after beating estimates for quarterly earnings on Monday, bolstered by booming demand for its premium skincare products such as La Mer and strength in its
Michael Moritz Scott Mlyn | CNBC Michael Moritz, the Sequoia Capital venture capitalist who made fortunes from early bets on Google and Yahoo, says investment bankers in tech IPOs are like ticket scalpers, and more companies are realizing that they no longer need them. The direct listings pulled off by Spotify last year and Slack
Former SEC Chairman Harvey Pitt on Monday questioned the motivation of Harry Markopolos, the Bernie Madoff whistleblower who unveiled a long list of allegations against General Electric last week in an investigation for a short seller. “One of the ways you can test Markopolos’ bonafides, however, is the fact that the SEC has a whistleblower
POJCHEEWIN YAPRASERT PHOTOGRAPHY | Moment | Getty Images Let’s face it, when it comes to storing important financial documents, a shoe box under your bed doesn’t really cut it. Estate-planning documents — such as wills, trusts, living wills, medical directives and powers of attorney —are very important to you. So where do you keep them