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(Bloomberg) -- Online mattress retailer Casper Sleep Inc. filed for a U.S. initial public offering, reporting growing revenue and losses amid heightened competition from imitators.The New York-based company in a filing Friday with the U.S. Securities and Exchange Commission listed the size of its planned offering as $100 million, a placeholder that will likely change. The share sale is being led by Morgan Stanley, Goldman Sachs Group Inc. and Jefferies Financial Group Inc.Casper, founded in 2014, became one of the leading brands in the so-called “bed-in-a-box” industry thanks to its pioneering status in the niche and savvy marketing. Since then, a slew of competitors have emerged in the U.S. and abroad. From 2016 to September 2019, it spent $422.8 million on marketing, the filing shows.The company’s marketing strategy includes use of influencers to tout its products on social media. It cites relying on them as a risk that “may materially and...
Jan.10 -- Gene Munster, Loup Ventures managing partner, explains why he thinks Apple Inc. shares should be trading 50% higher. He speaks with Bloomberg's Taylor Riggs on "Bloomberg Technology."...
House Democrats are likely to skip passing a budget resolution this year, House Budget Committee Chairman John Yarmuth (D-KY) said, according to The Hill’s Niv Elis:“Over the summer, congressional leaders from both parties and the White House struck a deal to increase legal spending caps for both 2020 and 2021. Having an agreement already in place on how much money will be spent on defense and domestic priorities for the year argues against doing a budget resolution, Yarmuth said.“‘It's more unlikely than likely, because with the top-line numbers already established, the appropriators are probably going to do something that's pretty similar to what this year’s was,’ he said.”Skipping the budget would allow Democrats to steer clear of some potential intraparty tensions and tough votes that might highlight differences between progressives and moderates — but it also opens the party leaders up to criticism that they are, for a second straight year,...
Yahoo Finance's Myles Udland highlights the latest jobs report numbers, what this means for markets in 2020, and upcoming economic data in the week ahead....
