EconomicDownturn | Financial Buzz- Part 2

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United Airlines Reports a $2 Billion Quarterly Loss

Rebecca Urena01/21/202101/21/2021

2877

United Airlines (NASDAQ: UAL) revealed its fourth consecutive-quarter loss and said that capacity is likely to fall 51% within the current quarter. The company says it expects to rise...

Investing News Market News Retail The Market Buzz

American Eagle Anticipates Lower than Expected Holiday-Quarter Revenue

Rebecca Urena01/21/2021

3125

On Thursday, American Eagle Inc. (NYSE: AEO), revealed it expects fourth-quarter revenue to fall to low-single digits. Amid the lack of traffic within brick-and-mortar locations, sales have suffered throughout...

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Belk’s Lenders Seek Alternative to Bankruptcy

admin01/20/2021

1844

Belk’s major lenders such as KKR and Blackstone are discussing how to keep the department store chain from bankruptcy, according to the Wall Street Journal. The American department store...

Investing News Life Style Market News Retail The Market Buzz Your Environment

Walgreens Seeks to Launch Credit Card

Rebecca Urena01/13/2021

1812

Walgreens (NASDAQ: WBA) announced Wednesday that it will be adding several financial products for its customers such as co-branded credit cards and a prepaid debit card. As the company...

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Shake Shack Surges Amid Sales Increase

Rebecca Urena01/12/202101/12/2021

3385

Shake Shack (NYSE: SHAK) shares went up 6% on Tuesday after the company revealed an increase in its fourth quarter revenue. The positive news comes amid several months of...

Automotive Investing News Market News Technology The Market Buzz

Ford’s Sales Plummet 15.6% in 2020

Rebecca Urena01/06/202101/06/2021

3094

Ford Motor (NYSE: F) sales plunged 15.6% in 2020 as a consequence of the ongoing coronavirus pandemic, lack of commercial fleet sales as well as small inventory of the...

Automotive Investing News Market News Technology The Market Buzz

General Motors Sales Increase in Fourth Quarter

Rebecca Urena01/05/2021

3052

Automaker General Motors (NYSE: GM), reported an increase in sales for its fourth quarter. According to the company, despite sales having plummeted 11.8% in 2020, it is demonstrating a...

Investing News Market News Retail The Market Buzz

JC Penney CEO Jill Soltau Set to Leave Retailer

Rebecca Urena12/30/2020

2621

J.C. Penney (OTCMKTS: JCPNQ) CEO Jill Soltau, accredited with aiding in the retailer’s turnaround, will be leaving the company Thursday. After emerging from bankruptcy, new owners Simon Property Group...

Investing News Market News Technology The Market Buzz

AMC Set to Sell an Additional 50 Million in Shares to Avoid Bankruptcy

Rebecca Urena12/30/2020

2727

AMC Entertainment (NYSE: AMC) revealed it aimed to raise USD125 Million in capital by selling up to 50 Million in additional shares. The action would aid the company in...

Gadgets Investing News Market News Technology The Market Buzz

Third Point Pushes Intel to Analyze Strategic Alternatives

Rebecca Urena12/29/2020

3566

Third Point, a New York based hedge fund steered by Dan Loeb, is pushing Intel’s (NASDAQ: INTC) board of directors to hire an investment adviser that could evaluate “strategic...

Tag: EconomicDownturn

United Airlines Reports a $2 Billion Quarterly Loss

American Eagle Anticipates Lower than Expected Holiday-Quarter Revenue

Belk’s Lenders Seek Alternative to Bankruptcy

Walgreens Seeks to Launch Credit Card

Shake Shack Surges Amid Sales Increase

Ford’s Sales Plummet 15.6% in 2020

General Motors Sales Increase in Fourth Quarter

JC Penney CEO Jill Soltau Set to Leave Retailer

AMC Set to Sell an Additional 50 Million in Shares to Avoid Bankruptcy

Third Point Pushes Intel to Analyze Strategic Alternatives

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