Tag Archives: XLY

US bankruptcies are heading for a 10-year high with 424 companies filed as of August 9, according to S&P Global Market Intelligence. The group’s analysis took into account both public and private companies with public debt. The coronavirus has hit consumer businesses hard, with more than 100 filings for bankruptcy …

Shares of Amazon.com Inc. AMZN, + 7.93% rose 6.2% in afternoon trade, to add $ 91.3 billion to the cloud and e-commerce giant’s market capitalization, after MKM Partners analyst Rohit Kulkarni raised his price target by a 33% citing the company as a dual beneficiary of the COVID-19 pandemic. Amazon’s …