Elon Musk Says SpaceX Could Go Bankrupt
Business

Elon Musk Says SpaceX Could Go Bankrupt

Musk said explicitly that if indeed the company cannot achieve a "Starship flight rate of once every two weeks”, then there is a real risk of bankruptcy in the near term.
Amazon Wants to Turn JCPenney and Sears Stores into Fulfillment Centers
Business

Amazon Wants to Turn JCPenney and Sears Stores into Fulfillment Centers

With the advent of online shopping along with retail stores filling for bankrupcy, Amazon seeks to turn unused department stores into fulfillment centers.
25% of Americans Are Skipping Medical Care Because of the Cost
Business

25% of Americans Are Skipping Medical Care Because of the Cost

One in four Americans chose not to receive treatment for a health issue in 2018 because of the high cost, and 45% worry that it could send them into bankruptcy.
Major Retailer Shopko to Close All Its Stores in 2019
Business

Major Retailer Shopko to Close All Its Stores in 2019

Physical retailers have been going bankrupt at an alarming rate, and now it was time for Shopko. The rural retailer was in huge debt and it will shut down its operations by June.
Chairman May Be Able to Keep 400 Sears Stores Open After Bankruptcy Auction
Business

Chairman May Be Able to Keep 400 Sears Stores Open After Bankruptcy Auction

The company’s chairman and largest shareholder Eddie Lampert was able to win a bankruptcy lawsuit which helped avert the possibility of liquidation
Toyota Recalls 1.7 Million Vehicles in North America Because of Airbag Issues
Business

Toyota Recalls 1.7 Million Vehicles in North America Because of Airbag Issues

The issue is due to deterioration of ammonium nitrate in Takata airbag inflators, and the recall will affect a number of models including 4Runner, Corolla, Matrix and Lexus.

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