The stock market continues to go up and people think things are back to normal. However, things are getting worse, the economic condition will continue to get worse as long as the unemployment rate co...
On Tuesdays, the Congressional Budget Office released its outlook for economic growth, federal budget, and the unemployment rate for the second quarter, as nearly 26 million Americans remain unemploye...
While many banks have signaled that they would pay out dividends to investors regardless of the coronavirus crisis, analysts at Keefee, Bruyette & Woods have come out to say that there were “21 ...
Saudi’s sovereign wealth fund, a Public Investment Fund (PIF) has acquired more than 5 million shares in Walt Disney at a value nearly $500 million. It has also purchased more than 3 million shares ...
On Monday, JCPenney announced that it paid a $4.5 million bonus to CEO Jill Soltau, and CFO Bill Wafford, Chief Merchant Michelle Wlazlo, and Chief Human Resources Office Brynn Evanson, each received ...
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 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...
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...
Due to shortages of meat, Wendy’s (WEN) has been forced to take burgers off the menu in some restaurants, due to the coronavirus pandemic. This decision was a ‘hard pill’ for Wendy’s to swallo...
Revenue: $955.7 millionLoss per share: $1.31Active riders: 21.2 millionRevenue per active rider: $45.06While other cab-hailing service providers are reporting low sales in the last quarter, Lyft has r...