Business

Last month, RTW grimly warned that its future was in “substantial doubt” and that a bankruptcy filing was imminent due to temporary closings caused by the pandemic. In a statement Monday, the company said it “expects to close a significant part, if not all, of its physical stores” after clearance …

The Nasdaq announced Monday that Moderna will be added to its Nasdaq 100 index in July. Moderna’s shares rose as much as 18% on Monday. On Monday, Jefferies kicked off Moderna’s coverage with a “buy” rating and a target price of $ 90 over the approval potential of the pharmaceutical …

Senate Democrats on Monday asked Congress to provide $ 25 billion in emergency funding for the production and distribution of a coronavirus vaccine before negotiations on an upcoming response package. In addition to the development of the vaccine itself, a massive and complex undertaking is required to manufacture the millions …

US banking giant Goldman Sachs says it expects S&P 500 earnings per share to fall 60% in the second quarter, the biggest decline since 2009 during the financial crisis. “If realized, EPS growth in 2Q 2020 would be the weakest since 4Q 2009,” analysts said, noting that EPS fell 65% …

One of the most affected travel markets this year is the cruise industry, and the best Carnival (NYSE: CCL) (NYSE: CUK) he is drinking water like all his smaller peers. The stock fell 68% in 2020, but a Wall Street professional warns that things may not improve any time soon. …