J.C. Penney files for bankruptcy and its survival couldn’t be more uncertain

Another fallen retail giant has walked into the graveyard. And whether it ever leaves — and in what form — is a guess at best. Debt-laden department store J.C. Penney filed for Chapter 11 bankruptcy protection Friday evening. The filing — expected for the better part of a week — was being held up by […]

Warren Buffett slashes stake in Goldman Sachs, exits Travelers

Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) stock moves for the first quarter are out. According to a regulatory 13-F filing for the first quarter ended March 31, Berkshire trimmed its stake in Goldman Sachs (GS) in the quarter, selling around 10 million shares...

Why optimism over a coronavirus vaccine might be misplaced

As COVID-19 infections rise worldwide, pharmaceutical companies working on coronavirus vaccines have floated promising — and sometimes aggressive — timelines for regulatory approval. However, it’s highly unlikely that any treatment will see the light of day in 2020,...