On Thursday, the Federal Reserve voted in favor of requiring large banks to preserve capital by suspending share buybacks and dividend payments in the third quarter. In a 4-to-1 vote, the Fed will tie dividend distribution to a formula based on recent earnings. The formula establishes the third quarter dividends …
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GNC Holdings Inc. filed for Chapter 11 bankruptcy protection Tuesday with plans to sell and close up to one-sixth of its 7,300 stores worldwide. The GNC vitamin and supplement vendor, -24.69% He blamed the presentation of the slump in sales due to the coronavirus pandemic, demands from faster payment providers, …
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[ad_1] For Mumbai-based Shankar Mallapur, the strong market correction could not have come at a worse time. He must retire in just five months, but his stock portfolio has declined by almost 30%. “The market crash itself was not a surprise, but the extension of the cut in such a …
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[ad_1] The coronavirus pandemic will have lasting effects on the global economy. The International Monetary Fund (IMF) reported the worst global economic decline since the Great Depression, projecting a loss of $ 9 trillion in world GDP in the next two years. Despite the reality of a looming global recession, …
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