On Monday, the J.Crew Group joined the bandwagon of companies that have recently filed for bankruptcy due to the coronavirus pandemic. The company has since become the first national US retailer to fi...
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...
Billionaire investor Carl Icahn took a huge loss in Hertz car rental company after the company filed for bankruptcy last week. Icahn began investing in Hertz in 2014, he bought 11.4 million shares in ...
Amid the Covid-19 pandemic, the US economy seems to have hopes for quick recovery as the job market is rapidly recovering compared to expectations. In May, the US unemployment rate fell to 13.3%, and ...
Quicken Loans, the largest mortgage lender in America has revealed on-going plans to have an initial public offering (IPO) as reported by multiple news sources on Thursday. An IPO prospectus has been ...
On Wednesday, the International Monetary Fund slashed its economic forecast and warned that there will be a great deterioration in public finances as the government tries to work on the huge economic ...
On Wednesday, the International Monetary Fund slashed its economic forecast and warned that there will be a great deterioration in public finances as the government tries to work on the huge economic ...
The recent occurrences of Black killings by police officers have caused quite a stir in American society. The Black Live Matter movement which started out to protest the killings of unarmed Black civi...
Squire Technologies announced on June 9, that it raised $34 million in Series B funding led by CRV, and had in attendance other organizations including San Francisco 49ers organization, Tiger Global, ...
For the first time since 2011, Gold price jumps over $1,800 an ounce. Analysts also expect more gains as investors begin to stock up on the asset and hold its value while the coronavirus continues to ...