New York (CNN Business) As people stocked up for an unknown future and sheltered in place because of the coronavirus pandemic, they reached for soup — and helped spark a turnaround for Campbell. The company reported a 35% increase in US soup …
See Original Article

London (CNN Business) Unemployment in the European Union ticked up in April as job losses tied to the coronavirus pandemic mounted. But short-time work programs — which are far more common than in the United States — helped cushion the blow.
See Original Article

Apple shares are creeping close to a new high Wednesday, getting a fresh boost from a report suggesting that the company’s App Store traffic is running well ahead of expectations in the June quarter. Morgan Stanley analyst Katy Huberty writes in a research …
See Original Article

What Bloomberg's Economists Say… “We estimate that 10% of Europe's labor supply could be unlocked as schools and nurseries reopen. Whether that
See Original Article

April’s employment report set records for all the wrong reasons. The unemployment rate increased from 4.4% to 14.7%, the largest one month increase in history and the highest rate in the history of official government data (started in 1948). Employment …
See Original Article