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Macy’s to furlough most of its 130,000 employees after being forced to close its 500 stores – Daily Mail

Coronavirus job losses in the United States could hit 47 million, with unemployment at more than 30 per cent, according to stark new estimates by a Federal Reserve.  The shocking prediction by the Fed’s St. Louis district project came as Macy’s announced it …

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Larry Fink says economy will recover from coronavirus, ‘tremendous opportunities’ in markets – CNBC

Larry Fink, CEO of the world’s biggest asset manager BlackRock, told shareholders that the economy will recover from the coronavirus pandemic, and when it does, there will be “tremendous opportunities” to be had.  “In my 44 years in finance, I have never exp…

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Jefferies Group CFO dies of coronavirus complications – CNN

Jefferies Group CFO dies of coronavirus complications – CNN

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2 Hannaford employees at Scarborough, Oxford stores test positive for coronavirus – WMTW Portland

SCARBOROUGH, Maine —Two employees at the Hannaford stores in Scarborough and Oxford have tested positive for the coronavirus, the company said Sunday. A Hannford spokesman Eric Blom said they were notified that the two employees had tested positive for the v…

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Distilleries trying to keep up with demand for hand sanitizer, follow federal guidelines – Tennessean

The white, all-capital letters written neatly on the black easel chalkboard blocking the entrance to Corsair Distillery headquarters in Nashville begin to tell the story. “We are no longer donating sanitizer to the public,” the sign read Friday afternoon. “A…

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Instacart shoppers plan strike over treatment during pandemic – CNN

Instacart shoppers plan strike over treatment during pandemic – CNN

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Automakers are racing to make ventilators. But it’s not that easy – CNN

(CNN)US automakers have come to the rescue when the nation has faced supply shortages during wartime in the past. Ford built heavy bomber airplanes and GM built amphibious assault craft, among other things. So it seems only natural that, in the rush to addres…

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USPS: Berks post office employee has coronavirus | Berks Regional News – WFMZ Allentown

RICHMOND TWP., Pa. – An employee of a post office in Berks County has tested positive for the coronavirus, according to the United States Postal Service. The USPS said the person worked for the Fleetwood post office, which is located off Park Road in Richmon…

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Steve Mnuchin: Record 3.3 Million Jobless Claims ‘Are Not Relevant’ – HuffPost

Nearly 3.3. million Americans applied for unemployment benefits last week as businesses struggling from the coronavirus fallout begin laying off workers.  The number is staggering. It’s more than quadruple the previous record set in 1982. But the treasury s…

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Wall St. rallies for third day as job losses stir talk of more stimulus – Reuters

(Reuters) – Wall Street surged on Thursday as record weekly jobless claims came in below investors’ worst fears, while also making a strong case for more aggressive stimulus to aid businesses and families wrecked by the economic fallout of the coronavirus pan…