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...
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...
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...
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...
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...
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...
The S&P 500 is a collection of the large 500 companies by market capitalization in the US. On Wednesday, the S&P 500 announced that it was including Domino’s Pizza (DPZ)on the list. These 50...
United Technologies and Raytheon have finally completed their merger – announcing the successful completion on April 3. 2020. This new merger followed the completion of its Carrier and Otis spinoffs...