May 15, 2020
“Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday. Economists surveyed by Dow Jones expected the advanced retail sales number to fall 12.3%… Continue Reading…
May 11, 2020
“…with thousands of stores closed under strict lockdown measures and multiple national retail chains crumbling, mall operators’ rent collections have collapsed, raising doubts about their future. Mall operators collected only 15% of April rent and trends are looking worse for… Continue Reading…
May 6, 2020
“Disney’s profit dropped a whopping 91% during the first three months of 2020, revealing the widespread damage that the coronavirus pandemic has brought on its media empire. Although sales for its second quarter were up 21% to $18 billion, Disney’s profit… Continue Reading…
April 3, 2020
“Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that only begin to show the economic damage wrought by the coronavirus crisis. It was the first decline in payrolls since September 2010 and came close… Continue Reading…
February 24, 2020
“The Dow Jones Industrial Average fell by more than 950 points at the open, erasing all gains for the blue-chip index for the year. The S&P 500 and Nasdaq were both down by around 4 percent, marking the biggest daily… Continue Reading…
February 3, 2020
“Shares are required to maintain an average closing price of at least $1 over a 30-trading day period. The company has six months to regain compliance… J.C. Penney shares have plunged more than 93 percent since March 2016 amid changing consumer… Continue Reading…
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