As a result of COVID-19, gyms across the country have been forced to close. The effect of these closures are now being felt by 24 hour fitness, the nations second largest fitness chain. Reportedly, the company hired Lazard investment bank and Weil, Gotshal & manges law firm. As of March 16, the company held more than $1.3 billion in debt with less than $1 million...
With oil crashing, curious equity traders are searching for a bargain, and what better way than buying the USO etf? Well, practically anything. The USO etf is based on June futures contracts, which are still hovering around $22. Hint: things are going to get VERY ugly. USO
