Buck Bully
[YAHOO FINANCE] In life after COVID-19, the local restaurant scene may be no more than a KFC, McDonald’s, Burger King and one or two overpriced craft cocktail bars serving tapas which somehow managed to survive the financial distress from the pandemic. “We have to have a bailout [of the restaurant […]
[The Wall Street Journal] Why investors are betting on the shares of bankrupt companies like Hertz. We thought we’d seen everything, but last week’s speculation in the shares of the bankrupt Hertz rental-car company is one for the financial books. The Federal Reserve now apparently has the power to raise […]
[Kiplinger] The COVID-19 coronavirus outbreak has sent global markets into bear territory and economies into recession. And as the pandemic stretches on, it’s inducing a growing number of bankruptcy filings. Though, in most cases, COVID-19 has simply acted as the straw that broke the camel’s back. Consider the retail industry, […]
[USA Today, Getty Images] J.C. Penney plans on some permanent store closings. J.C. Penney, reeling from a one-two punch of the department store industry’s struggles and the coronavirus pandemic, filed for Chapter 11 bankruptcy protection on Friday. The company, which had racked up an unsustainable amount of debt in recent […]