Neiman Marcus files for bankruptcy as coronavirus claims another retailer

Neiman Marcus filed for bankruptcy Thursday, blaming the coronavirus for spoiling its turnaround and forcing it into a restructuring. The Dallas-based luxury chain became the second major retailer to declare bankruptcy this week, following J.Crew’s Monday Chapter 11 filing, as the pandemic kneecaps the industry. Neiman said it reached a restructuring deal with most of […]

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LeBron James, Dwyane Wade and Michael Jordan headline top 10 HORSE shots | SportsCenter

From LeBron James’ turnaround jumper against the Wizards to Dwyane Wade’s off bank in winner, check out the top 10 HORSE shots in the NBA and WNBA. (0:05) Michael Jordan no-look layup (0:28) Krystal Thomas shot sitting down (0:49) Morris Peterson recovery 3-pt FG at buzzer to force OT (1:18) Avery Bradley behind the backboard […]

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Mortgages See Swift Turnaround on Fed Buying, Falling Volatility

© Reuters. Mortgages See Swift Turnaround on Fed Buying, Falling Volatility (Bloomberg) — Mortgage performance for the year had been lagging Treasuries by 2.87% as recently as last week, but historic levels of support from the Federal Reserve and a precipitous drop in volatility have sent agency MBS prices surging higher and significantly narrowed the […]

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