Retailer Gap, which also operates Banana Republic, Old Navy and Athleta, is feeling a heavy impact due to coronavirus and has reported that it has stopped paying rents and it may not have enough cash for its operations. The company announced that it has to take further action to find liquidity over the next 12 … Continue reading “Gap Stops Paying Rent and Says It May Not Have Enough Cash Left”
Author: Sophia Vida
Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.
Hot Stocks
LendingClub Cuts About 30% of its Workforce Due to Cornavirus
The Covid-19 has put a damper on loan demand, prompting LendingClub to slash about 30%…
April 23, 2020
Company News
Boeing Just Made Some Big Executive Changes
Boeing made numerous negative headlines in 2019 after fatal airline crashes put the company into…
April 23, 2020
Hot Stocks
SnapChat Parent Company Reports Q1 Results Revealing User and Revenue Growth
Snap Inc., the parent company of the popular social media app SnapChat, reported its first…
April 23, 2020
Biotech & Pharma
Biogen Tumbles After Delay of Alzheimer’s Treatment Submission
Shares of biotech giant Biogen were falling on Wednesday after the company said it would…
April 23, 2020
Hot Stocks
Chipotle Reports Strong Q1 Results Boosted by Digital Sales
Burrito food chain Chipotle reported its first quarter financial results this week revealing revenue that…
April 23, 2020
Hard Rock Expects It’ll Be a Year Until its Casinos and Hotels Will Recover
The coronavirus has led to casinos, hotels, and restaurants shutting their doors as people practice…
April 23, 2020
Oil Crude Drops to a Historical Low and Hits Negative Territory
On Monday the price of West Texas Intermediate crude oil for the month of May…
April 20, 2020
Hot Stocks
IBM Shares Fall After Q1 Results Show Revenue Decline
Shares of tech giant IBM were heading lower in after-hours trading on Monday after the…
April 20, 2020
Zipline is Delivering Covid-19 Test Samples in Ghana
Drone-delivery start up Zipline, who delivers critical and lifesaving products precisely where and when they…
April 20, 2020
Hot Stocks
Coach and Kate Spade Owner Tapestry Cuts 2,000 Jobs
Shares of Tapestry, the owner of luxury brands such as Coach and Kate Spade, were…
April 20, 2020
Biotech & Pharma
Gilead Sciences Gets a Downgrade from BMO Capital and Wells Fargo
Shares of Gilead Sciences were downgraded on Monday by not one but two firms, BMO…
April 20, 2020
Hot Stocks
Halliburton Records a $1 Billion Charge
Texas-based Halliburton Co., one of the world's largest oil field service companies, has recorded about…
April 20, 2020
Featured
Sprouts Farmers Market Adds Former Kroger VP as New CMO
The newest veteran executive to be added to Sprouts Farmers Market's team is Gil Phipps,…
April 17, 2020