JC Penney is planning to file for bankruptcy in the next day, sources say

J.C. Penney’s advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning.
U.S. News

US News

Tagged bankruptcy, file, next, Penney, planning, sources

Symptoms

German economy posts sharpest contraction since the financial crisis

Elon Musk plans Tesla and Twitter collaborations with xAI, his new startup

The billionaire aims to build a “maximally curious” AI that is not “politically correct,” Musk said on a Twitter Spaces session late Friday. U.S. News

The US economy has come to a standstill, satellite imagery shows

The coronavirus crisis is bringing the United States economy to screeching halt, as satellite imagery shows every sector getting hit. U.S. News

Private jet industry — the transportation of choice for the wealthy — asks for bailout funding

The private-jet industry is asking Congress for bailout money, even as many private jet companies say sales are strong as wealthy flyers avoid commercial flights. U.S. News

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