Tag Archives: report

Oakland, Calif.-based online resale company ThredUp Inc. TDUP, has filed its initial public offering prospectus with the Securities and Exchange Commission after first filing to go public confidentially in January. The company has registered to sell $ 100 million in shares, though that’s likely a placeholder amount as it works …

The numbers: American manufacturers grew in February at their fastest pace since the onset of the pandemic and are increasingly optimistic about the economy, a closely followed survey showed. The Institute for Supply Management said its manufacturing index climbed to a two-year high of 60.8% last month from 58.7% in January. …

House Democrats hope to clear President Joe Biden’s $ 1.9 trillion economic package late Friday and send it on to the Senate, where it will face some changes. While Biden and House Democrats had hoped to use the bill — which will be immune to filibuster in the Senate — …

The numbers: Americans are still unsure how rapidly the U.S. economy will recover from the pandemic and restore millions of jobs that have been lost even as the rate of vaccinations speeds up, a new survey showed. The final reading of consumer sentiment in February inched up to 76.8 points …

Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and “inefficient.” That doesn’t mean Yellen and the department she leads — which includes the Internal Revenue Service — don’t care about the cryptocurrency. Now that it’s income …

The numbers: Sales of newly built homes occurred at a seasonally-adjusted annual rate of 923,000 in January, the U.S. Census Bureau reported Wednesday. That was 4.3% above the upwardly-revised pace of 885,000 in December. Analysts polled by MarketWatch had projected new-home sales to occur at a seasonally-adjusted annual rate of 850,000. Compared …

The numbers: The flash reading of the IHS Markit U.S. composite purchasing managers index rose to 58.8 in February from 58.7 in the prior month. Any reading over 50 indicates improving conditions. It is the strongest reading in almost six years. What happened: The index for services rose to 58.9 …

The numbers: New applications for U.S. unemployment benefits rose in mid-February to a four-week high of 861,000, showing lots of Americans are still losing their jobs nearly a year after the onset of the coronavirus pandemic. Initial jobless claims filed traditionally through the states rose by 13,000 to 861,000 in …

Vladimir Tenev, co-CEO of the online broker Robinhood, will appear before the House Financial Services Committee on Thursday and defend his company’s decision in late January to temporarily restrict trading in so-called meme stocks, including GameStop Inc. He will also push back against allegations that the app’s features encourage investors …