Fed officials signal rising caution on US economic recovery amid virus spread

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Fed officials signal rising caution on US economic recovery amid virus spread

NEW YORK/WASHINGTON (Reuters) – Two U.S. Federal Reserve officials sounded increasing pessimism on Friday on the swiftness of any economic recovery from the novel coronavirus epidemic and warned the unemployment rate could rise again if the …
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US STOCKS-S&P 500 closes lower as COVID-19 resurgence casts a shadow on sentiment

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window). * All three major stock indexes post weekly increases. * Apple announces some store reclosures as COVID-19 cases surge. * Indexes: Dow down 0.8%, S&P off 0.56%, Nasdaq up …
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Supporting black businesses as means to combat racism grows in momentum

As Black Lives Matter protests have spread across the nation, there has been an outpouring of support for black-owned businesses and restaurants. Many have seen significant increases in sales. The death of George Floyd “just woke everyone up,” Joel Prinz …
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Apple Closes Stores in 4 States, Again, as Infections Rise

SAN RAMON, Calif. — Apple is closing 11 stores in Arizona, Florida, North Carolina and South Carolina that it had reopened just few weeks ago as coronavirus infections rates in some regions in the U.S. begin to rise. The decision announced Friday is …
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Tesla makes Juneteenth a holiday for US workers, if they use paid time off

Washington, DC (CNN) Tesla has made Juneteenth a holiday for its US employees in an apparent reversal of its initial policy. CEO Elon Musk announced the decision on Twitter Friday in the wake of reports that employees observing Juneteenth would be …
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