24 Hour Fitness Files For Bankruptcy, Closing Dozens Of Texas Locations
Gyms across Texas and the nation were closed for months during the coronavirus pandemic lockdown, now one national chain -- 24 Hour Fitness -- has filed for bankruptcy.
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Gyms across Texas and the nation were closed for months during the coronavirus pandemic lockdown, now one national chain -- 24 Hour Fitness -- has filed for bankruptcy.
With so much uncertainty in the world, economic recovery will be a long, slow process.
Sales plunged and losses soared at Plano-based JCPenney in the three months before its bankruptcy filing.
The Federal Reserve expects that as many as 15 million Americans will remain unemployed by year-end even as the economy continues recovering from the impact of the coronavirus.
IBM says it is getting out of the facial recognition business over concern about how it can be used for mass surveillance and racial profiling.
The unemployment rate took a surprising drop, but while hope exists the road to recovery remains uncertain.
Four of those stores are in North Texas. The retailer said it could take about 10 to 16 weeks to complete the closures.
Restaurants that rely on in-house dining will continue to struggle, while delivery and takeout spots will likely thrive.
Even in Lower Greenville, miles from the nearest looting, several businesses had boarded up their windows.
Missed rent and mortgage payments can have a domino effect that hurts communities and depresses the economy.
"A riot is a cry for help, so a lot of time, when you won't listen to our cries, people will make you listen to your cries." said business owner Wes Williams.
Some businesses say the restriction on the loans have not allowed them to use the money in the way they need it.
Contrary to the name, a "payment extension" does not extend a payment due date for TXU customers.
Nissan recorded a $6.2 billion loss in the year ended in March and committed on Thursday to slashing production capacity by 20%.
Many restaurants are once again reopening for table service, but coronavirus has fundamentally changed the calculus of eating out.