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Start thinking bankruptcy now, not later

If you've lost your job or struggle to pay your debt, you may need to file for bankruptcy. If that's the case, you should ignore some common financial advice and start thinking defensively.
The coronavirus pandemic that upended the economy is also expected to send unprecedented numbers of people and businesses to bankruptcy cour ... (full story)

Out-of-work trainers hope gyms can make gains after pandemic

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NEW YORK (AP) — During a normal week, fitness instructor Jason Tran would dart among grueling group spin classes, high-intensity interval training sessions at boutique studios in Manhattan and an occasional one-on-one workout with private clients.
But for Tran and the tens of thousands of other New York workers who make up ... (full story)

Book value explained

Q: What's a company's book value? -- G.H., West Palm Beach, Florida
A: Book value is an accounting measure that investors sometimes look at to get an idea of a company's intrinsic value. Boiled down, book value is simply the company's total assets, less its total liabilities. It's showing you what shareholders would own once deb ... (full story)

US pending home sales sank 20.8% in March

BALTIMORE (AP) — U.S. home sales showed signs of collapsing in March, as the number of contract signs plunged sharply because of the coronavirus outbreak.
The National Association of Realtors said Wednesday that its pending home sales index, which measures signed buyer contracts, plummeted a seasonally adjusted 20.8% in Ma ... (full story)

Pandemic brings fortunes to Amazon - and headaches too

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Amazon has spent years honing the business of packing, shipping and delivering millions of products to doorsteps around the world.
Now it has a captive audience.
With much of the globe in various stages of a lockdown because of the coronavirus pandemic, the world's largest online retailer has become a lifeline to many shoppe ... (full story)