The tidal wave of corporate failures that in April seemed poised to come crashing down has yet to materialize, and some on Wall Street are starting to wonder if it ever will. The coronavirus crisis has dealt an unquestionable blow to U.S. companies. Stay-at-home orders and the rout in oil markets have led to a significant uptick in defaults and bankruptcy filings, from retailers such as J.C. Penney & Co. and Neiman Marcus Group Inc. to car-rental company Hertz Global Holdings Inc. and a long list of energy outfits.

Source: Wall Street Journal June 30, 2020 09:34 UTC