GNC has walked through death’s door after knocking on it for years. And it’s likely others will follow suit this year as the COVID-19 pandemic continues its devastation of America’s retail sector. The 85-year-old vitamin seller filed for bankruptcy on Wednesday after years of battling waning sales and a debt load north of $1 billion. […]
Chili’s owner Brinker International (EAT) is among the few in the sit-down restaurant space to show glimmers of hope that life after COVID-19 will be OK for the sector. It won’t be back to business as usual right away, but OK may be just enough for investors. For...
Much of the debate around another coronavirus stimulus bill, or phase 4, has centered around how the money from the first three phases has been spent. “We have directly appropriated $3 trillion,” Sen. Pat Toomey (R-PA) said in a recent Yahoo Finance interview. With...
The economic fallout from the coronavirus pandemic has affected nearly every U.S. industry. And health care, including primary care practices, took a serious hit. If it’s not addressed soon, according to doctors and experts, there could be what he called a “second...
It looks like landlords’ fears that tenants would not pay rent during the COVID-19 pandemic may have been overblown. At the beginning of the novel coronavirus pandemic in mid-March, mass layoffs caused tenants to worry whether they could pay rent. But three months...
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