As the retail store faces bankruptcy threats, JCPenney has been in talks with major lenders to secure a $450 million “debtor in possession” (DIP) loan to keep the company afloat. The DIP loan is s...
As many states in the US reopen and explore more ways to ensure precautionary measures such as social distancing and the use of face masks, experts are concerned that there could be an increase in inf...
The House Democrats presented a $3 trillion coronavirus pandemic relief to the House on Tuesday. The relief package is meant to serve as second-round support to provide financial aid to American citiz...
As part of the government’s strategy to salvage the US economy during the coronavirus pandemic, the Federal Reserve has introduced a bond ETFs program. The program is aimed at supporting credit flow...
Multiple news outlets reported on Tuesday that Uber Technologies (UBER) has made a move towards acquiring GrubHub Inc (GRUB), an online food delivery company. Final conclusions are yet to be made as t...
In April, some US governors declared their plans to reopen their states amid the coronavirus pandemic. These states include Connecticut, Delaware, Massachusetts, New Jersey, Pennsylvania, and Rhode Is...
With the coronavirus pandemic ravaging all nations of the world, and global economies falling, the United States has taken different measures to ensure that both the economy and citizens are well cate...
While a few gig and service workers do not consider working from home as so much of a big deal, organizational workers are still getting a hang of this new work lifestyle.Many big companies that need ...
The impact of the coronavirus pandemic on businesses differs as not every company has been badly hit. Amid the coronavirus pandemic, certain companies have stood out in their industries and they coul...
Revenue: $524.6 millionEarnings per share: A loss of 20 centsPeloton (PTON) reported a 66% increase in its sales from a year ago to $524.6 million. The company is one of the beneficiaries of the Covid...