Kansas

New platform adds $1B in assets to KC-based fintech firm Blooom

Just two short months after launching a retirement calculation tool on its site, Leawood-based Blooom reports it has gained $1 billion in new assets. Founded in 2013, Blooom is an online Registered Investment Adviser that manages individual participant accounts and… more

SelectQuote makes secondary stock offering of 10.6M shares

This week, Overland Park-based insurance services company, SelectQuote Inc., has made a secondary offering from three of its shareholders as well as the company’s top private equity backer, Connecticut-based Brookside Equity Partners LLC. The secondary offering aims to sell 10.6… more

Staffing sector projected to grow 12 percent in 2021

The staffing sector is projected to make a strong turnaround in 2021, according to a report from Bridgepoint. As COVID-19 vaccine distribution continues, its rollout is expected to help stabilize regulation and work security for various industries across the U.S.… more

Approved $264 million bond to fund $200M in Shawnee Mission School District upgrades

A page on the Shawnee Mission School District website reveals project plans to revamp existing buildings through funding provided by the recently-approved $264 million bond. Roughly $200 million will be used by the school district to complete rebuilds of five… more

Manufacturing activity growth emerging in Missouri, Kansas

For a ninth straight month, the Creighton University Mid-America Business Conditions Index, covering the nine-state region including Missouri and Kansas, moved into growth territory.        The Business Conditions Index, which ranges between 0 and 100, climbed to a very strong 69.6… more

Restrictions ease for Jackson, Johnson, Wyandotte counties

Wyandotte, Johnson, and Jackson counties are removing closing time restrictions for bars, restaurants, and taverns. Both the Unified Government Public Health Department and the Jackson County Health Department issued new health orders reflecting this change. Johnson County amended an existing health order.… more

Banks pull in $60B in Q4

Yearly income was down by more than a third compared to 2019 numbers, according to the latest FDIC numbers, although banks pulled in almost $60 billion in net income last quarter, up 9.1 percent, largely on reduced loan loss provisions.… more

Total bankruptcy filings drop nearly 50 percent in third week of February compared to one year ago

Total filings were down by nearly 50 percent during the third week of February compared to the same week last year, according to a report from the American Bankruptcy Institute. Once again, the largest decline involved Chapter 13 filings, which… more

In a Nutshell

Recently Eurostat announced that eurozone GDP contracted at an annual pace of 2.8% during the fourth quarter and 6.8% for all of 2020.  By comparison the U.S. economy grew at a preliminary annual pace of 4% during the fourth quarter, while declining… more

Jobless claims make notable drop

In the week ending February 20, the advance figure for seasonally adjusted initial claims was 730,000, a decrease of 111,000 from the previous week's revised level. The previous week's level was revised down by 20,000 from 861,000 to 841,000. The… more