Troubled department chain J. C. Penney has missed a $12m bond payment as the coronavirus pandemic plays havoc with the firm’s turnaround plan. The Texas-based […]
Article by mohitoberoi
Mohit Oberoi is a freelance finance writer based in India. He has completed his MBA with finance a major. He has over 15 years of experience in financial markets. He has been writing extensively on global markets for the last eight years and has written over 7,500 articles. He mainly covers metals, electric vehicles, asset managers, and other macroeconomic news. He also loves writing on personal finance and topics related to valuation.
Amazon’s Jeff Bezos made a cool $24bn this week as the tech giant surges on online demand
Amazon stock hit an all-time high, which saw founder Jeff Bezos (pictured) add another $24bn to his fortune. The tech giant’s stock lifted 5.3% to […]
Goldman Sachs: Coronavirus four times worse than 2008 financial crisis
Goldman Sachs expects gross domestic product in advanced economies to fall 35% in the second quarter, which is four times as much as the previous […]