JP Morgan Initiates Coverage On Desktop Metal with Neutral Rating

JP Morgan analyst Paul Chung initiates coverage on Desktop Metal (NYSE:DM) with a Neutral rating.

JP Morgan analyst Paul Chung initiates coverage on Desktop Metal (NYSE:DM) with a Neutral rating.

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Apparel Retailer Express Files for Bankruptcy; Shuts Some Stores

Express Inc (OTC:EXPR) and subsidiaries file Chapter 11 petitions, signaling a strategic move to optimize operations and strengthen financial position. The retailer plans to shutter 95 stores, including all UpWest outlets, with a commitment of $35 million in new financing. Amidst this restructuring, Express receives $49 million from the IRS and eyes a potential majority stake sale to WHP Global-led consortium.

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