Just like the coronavirus affects people weakened by chronic health problems, the pandemic also has a more profound effect on companies that are financially weak. J.C. Penney continues to mull a bankruptcy filing.
A report that J.C. Penney is discussing debtor-in-possession financing with a group of lenders has led to a wave of selling for an already-decimated stock.
Survey results from Morning Consult indicate that nearly three-quarters of Americans trust Dr. Anthony Fauci and the U.S. CDC to determine when the country should end social distancing procedures.
The coronavirus pandemic has all but brought the U.S. and global economies to a halt. The effects of stay at home orders ripple through the supply chain and hit transportation companies especially hard.
Mega-retailer Target said Thursday that online sales are booming, while store sales have been hurt by lockdowns related to COVID-19. But robust sales are challenging margins.
Oil and gas production companies have gotten a boost since Monday's crude oil price collapse. But it's only a small boost for the year to date.
Asset manager Blackstone Group reported earnings Thursday morning that were slightly below the consensus estimate. The company also reported a strong cash position as it navigates the COVID-19 outbreak.
Private equity firm Sycamore Partners has filed suit to nullify its agreement to acquire a controlling stake in the Victoria's Secret brand from L Brands.
Since disclosing that it would not meet its revenue projections for the quarter ended in March, Apple stock has dropped but didn't collapse and has risen again, but not soared. Yet, the long-term view…
Oilfield services firm Baker Hughes reported first-quarter results that were close to expectations and apparently good enough to put a charge into other stocks in the industry.
Both Delta and United have raised billions to keep employees working while passenger traffic has essentially disappeared. When will passengers be willing to get on a plane again?
AT&T's first-quarter results were a little short of analysts' expectations, but the company's solid financial footing and impressive dividend continue to please investors.
The World Food Programme estimates the COVID-19 pandemic puts 265 million people around the world in danger of starvation this year.
A look at Nvidia's share performance, its near collapse during the bitcoin frenzy and how it's coming out on top again as a data center workhorse.
Monday's plunging crude oil price lifted tanker stocks by double-digit percentages. How long can that last?
Tobacco giant Philip Morris reported first-quarter earnings and sales that beat estimates but withdrew its full-year guidance due to the unknown impact of the COVID-19 outbreak. That has weakened investor enthusiasm for the stock,…
WTI crude oil traded in negative territory late Monday as the May delivery contract expires.
Prices for a gallon of regular gasoline have fallen for the eighth straight week and now average well below $2 a gallon across the United States, with prices averaging below $1 a gallon a…
Retailer Macy's is reportedly considering issuing new debt backed by some of its owned real estate. How that property will be valued could mean the difference between survival and extinction for the venerable store.
Chemical giant DuPont released preliminary first-quarter results that easily beat analysts' expectations. The company also made some changes to its borrowing capacity.
