At the start of the coronavirus outbreak in March, it was reported that the top 10 global billionaires had lost a total of 83 billion dollars with Jeff Bezos as the biggest loser. The narrative has ta...
In a Friday report, the International Monetary Fund IMF said banks across the major nine global economies will struggle to generate profits for the next five years even as global economies recover. St...
The Dailymail in the UK reported that the troubled company is getting close to a buyout offer from Amazon. · Amazon is circling AMC Theatres, the troubled owner of Odeon Cinemas· The ...
The housing market has once again been hit hard by coronavirus; probably the worst yet, since the 2001 housing crisis.According to the National Association of Realtors, in the month of April, sales of...
On Wednesday, the United State Senate passed a bill that could remove publicly listed Chinese companies from American stock exchanges. These companies would no longer be able to sell shares on any of ...
Since DraftKings went public in April, its shares have jumped 50% with a lot of online gambling activities, from video games to charity golf match, table tennis, and Korean baseball.The daily fantasy ...
Weekly Unemployment rateEffect of coronavirus on the economy 3 Mllion people filled for unemployment 36 million people now out of work due to the pandemic. As uncertainties about the fu...
On Thursday, chairman of Senate Intelligence Committee Sen. Richard Burr, R-N.C stepped aside as chairman after the FBI seized his cellphone as investigations of possible insider trading are ongoing. ...
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...