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...
Twitter (TWTR) announced on Wednesday that it would allow its employees to work from home “forever.” This new development came after the company used the coronavirus lockdown period to restructure...
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...
As the coronavirus crisis continues to ravage markets, industries, companies, and the economy at large, there is no telling whether or not some companies will survive the hit. The airline industry and...
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...
After weeks of dealing with the challenges of the coronavirus pandemic like the rest of the world, the UK is finally making plans to reopen its economy. The UK government has finally taken cautious st...