(Reuters) – Chuck E. Cheese restaurant chain, parent of CEC Entertainment, filed for Chapter 11 bankruptcy on Thursday, becoming the latest victim of the COVID-19 pandemic that has crushed the entertainment and entertainment industries. leisure worldwide. FILE PHOTO: A Chuck E. Cheese restaurant in Oceanside, California, USA shown. USA, January …
Read More »Gold and silver penny stocks could be Robinhood traders’ next obsession, says this portfolio manager
Thursday seems weak again for stocks, with concerns of spreading the US virus. USA And unemployment claims in focus. Beating the S&P 500 for a mile has been GCQ20 gold, -0.19%, one of the best performing asset classes of the year, which recently peaked at 8 years, generating bullish predictions. …
Read More »Asian markets fall after Wall Street crash as hopes for a rapid recovery weaken
Shares collapsed in Asia on Thursday after a strong overnight pullback on Wall Street as new cases of coronavirus in the US USA They rose to their highest level in two months, dampening investor hopes for relatively rapid economic change. Nikkei 225 NIK from Japan, -1.21% fell 1% while Kospi …
Read More »Vitamin seller GNC Holdings files for bankruptcy
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, …
Read More »‘The finances are already done. Everyone bought everyone else with low-cost debt, “says Jeff Ubben, co-founder of ValueAct:” Elizabeth Warren was right. “
ValueAct Capital co-founder 58, Jeff Ubben, told the Financial Times that he is resigning from the investment fund he co-founded about two decades ago in San Francisco. “ ‘The finances are already done. Everyone has bought from everyone else with low-cost debt. Everyone has maximized their margin. They have bought …
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