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| Welcome to Monday, everyone. It's David. Grab some coffee and catch up on all the financial news you missed over the weekend. |
| Let's start with the latest struggles of a retail icon. J.C. Penney filed for Chapter 11 bankruptcy protection late Friday and said it aims to "accelerate" permanent store closings. It declined to provide details on which locations it expects to shutter after years of falling sales and mounting debt. With 846 stores and 85,000 employees, the chain could be the largest symbol of what COVID-19 may mean for retailers already fighting for survival. |
| To lower costs during COVID-19, some company companies are eliminating their 401(k) matches. While it's frustrating, you need to think ahead and try to increase your 401(k) contribution to make up for the lost money from your employer. Our financial columnist, Peter Dunn, breaks it down for you. |
| For more top money and tech news from the weekend, keep scrolling down. |
| David Brinkerhoff, Deputy Money Editor |
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