While air travel remains very low in the absence of widespread testing or a vaccine, CBS News Travel Editor Peter Greenberg thinks that Americans will eventually fall back in love with road trips....
In April, the U.S. economy shed 20.5 million jobs, while unemployment spiked to 14.7%. Investors, however, are optimistic that the market will recover from this, eventually. Yahoo Finance's Alexis Christoforous and Brian Sozzi discuss with David Bailin, CIO at Citi Private Bank. ...
A bankruptcy filing would cap a long decline for the iconic 118-year-old department store chain, which has struggled with a nearly $4 billion debt load and competition from e-commerce firms and discount brick-and-mortar retailers even before the pandemic's onset. The Plano, Texas-based company, which employs nearly 85,000 people, is in discussions with creditors for a so-called debtor-in-possession loan to bolster its finances while it navigates bankruptcy proceedings, the sources said. The timing of a bankruptcy filing could slip depending on how much time it gets from creditors, the sources said....
