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    Mar 14, 2023
    • Cvent Holding Corp agreed to be acquired by Blackstone controlled private equity funds for $8.50 a share or $4.6 billion of enterprise value.   
      • GitLab Inc plunged 32.6% to $30.71 after the cloud computing software company estimated sharply lower revenue in 2024. 

        The software services provider estimated revenue to fall between $529 million and $533 million in 2024. 

        Revenue in the fourth quarter increased 58% to $122.9 million from $77.8 million and loss attributable to shareholders fell to $38.7 million from $45.8 million and diluted loss per share shrank to 26 cents to 32 cents a year ago. 
        • Mar 13, 2023
        • U.S. Treasury bond yields declined sharply and extended 3-day losses not seen since 1987 after investors grappled to understand the implications of the sustained rate hikes on small and mid-sized banks, depositor behavior and high yield bonds issuers and investors. 

          The rapid collapse of Silicon Valley Bank, Signature Bank and Silvergate Capital raised questions about the fragility of the U.S. banking system and lax oversight from the banking regulators.  
          • Mar 10, 2023
          • Total nonfarm payroll employment increased 311,000 in February following the downwardly revised 504,000 in January, the U.S. Bureau of Labor Statistics reported Friday.  Both the unemployment rate, at 3.6%, and the number of unemployed persons, at 5.9 million, edged up in the month. 

            February payroll gain took the six-month average to 343,000 with notable job gains occurring in leisure and hospitality, retail trade, government, and health care.

            In February, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents, or 0.2%, to $33.09 and increased 4.6%.
            • Mar 9, 2023
            • BJ's Wholesale Club Holdings Inc said revenue in the fourth quarter ending on January 28 increased 13.1% to $4.9 billion from $4.3 billion a year ago.

              Net income rose 20.7% to $129.8 million from $1107.6 million and diluted earnings per share rose to 95 cents from 78 cents a year ago.

              Total comparable club sales increased 9.8% and comparable club sales, excluding gasoline sales advanced 8.7% from the previous year.

              Membership fee income increased 8.0% from the previous year in the quarter to $101.8 million and the company achieved a record 90% tenured member renewal rate.  
              • Life Time Group Holdings Inc increased 2.0% to $17.83 after the fitness center chain operator reported a rebound in revenue.

                Revenue in the fourth quarter increased 31.1% to $472.7 million and the company swung to net income of $13.7 million from a loss of $304.8 million and diluted earnings per share was 7 cents compared to a loss of $1.64 in the previous year.

                Comparable center sales rose at a slower pace of 26% from 52% in the year ago and membership increased 11.7% to 725,206. Average monthly dues per center membership increased approximately 20% to $162.0.

                In the full-year 2022, revenue increased 38.3% to $1.8 billion and net loss shrank to $1.8 million from $579.4 million and diluted loss per share fell to 1 cent from $3.73 a year ago. 
                • MongoDB Inc said revenue in the fourth quarter increased 36% to $361.3 million and net loss declined to $64.4 million from $84.4 million and diluted loss per share fell to 93 cents from $1.26 a year ago. 

                  In the full-year 2022, revenue increased 47% to $1.28 billion and net loss increased to $345.4 million from $306.9 million and diluted loss per share rose to $5.73 from $4.75 a year ago.  

                  The company guided full-year 2023 revenue in the range of $1.48 billion and $1..51 billion, indicating a slower revenue growth than in 2022. 
                  • Mar 8, 2023
                  • U.S. private payrolls increased by 242,000 in February, higher than the revised 119,000 increase in January. The February's gains were driven by 190,000 additions in the service sector and 52,000 increase in the manufacturing sector. Overall wage gains decelerated to 7.2%.   
                    • The U.S. trade deficit in goods and services increased slightly in January after exports rose faster than imports, the Bureau of Economic Analysis reported Wednesday. 

                      Exports increased 3.4% and soared 13.3% to $257.5 billion.  Imports rose 3.0% from the previous month and jumped 3.5% to $325.7 billion. Overall trade deficit for goods and services increased 1.6% from the previous month but fell 21.9% from the previous year to $68.3 billion. 
                      • The number of job openings declined slightly in January by 41,000 to 10.824 million from an upwardly revised 11.234 million in December, the JOLT survey from the U.S. Labor Department showed Wednesday. 

                        Job openings in construction declined by 240,000, leisure and food services by 204,000 and insurance and financial services by 100,000 but rose in transportation, warehousing and utilities by 94,000 and nondurable goods manufacturing by 50,000. 

                        Total hires in the month increased to 6.37 million, the largest total since August and separations were stable at 5.9 million. Quits within separations fell to 3.88 million and layoffs and discharges rose 16% or 241,000 to 1.7 million.