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Nordstrom is preparing to reopen its stores. Here's what the retailer is changing

Nordstrom is preparing to reopen some of its department stores, following the lead of Macy's, offering a glimpse at how shopping will be different coming out of the coronavirus pandemic.




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'Today's norm to tomorrow's everyday routines,' CVS CEO says the pandemic will change customers' shopping, health-care habits

The health-care company's chief executive, Larry Merlo, said trends that emerged during the pandemic, such as use of telemedicine and prescription delivery to the home, may continue to be popular.




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Target in talks to boost its same-day delivery ambitions by buying pieces of startup Deliv

The aspect of the technology that interests Target is its ability to pool multiple orders and route them to a similar place, NBC News reports.




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Millions can't access unemployment benefits so actual job losses are likely greater than data shows

The number of Americans who have lost their jobs during the coronavirus pandemic could be even bleaker than official government data suggests.




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Consumer debt hits new record of $14.3 trillion

Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 trillion clear of the previous nominal high of $12.7 trillion in the third quarter of 2008 during the financial crisis,




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Why Australia REITs may outperform: Morgan Stanley

CNBC's Julia Wood reports on the chances of a resurgence in Australian real estate trusts.




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Singapore is not yet halfway through its coronavirus outbreak, says minister

Migrant workers living dormitories have accounted for around 87.6% of Singapore's total 19,410 confirmed cases as of Tuesday, according to the health ministry.




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China needs a growth target to guide its stimulus measures: Citi

China should still set a growth target this year for the authorities to design a "sensible" stimulus package, says Liu Li-gang, Citigroup's chief economist for China, who adds that the country's unemployment rate risks exceeding 10% without aggressive fiscal stimulus.




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Australian economy is starting its recovery phase, fiscal policy will influence it the most: NAB

Australia has started plans on re-opening its economy after a period of social distancing. Ivan Colhoun of the National Australian Bank suggests looking to fiscal stimulus to cushion the hit to their economy, and to keep an eye on how lower immigration may slow the economy in the long term.




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How this company totally transformed its business model to survive the coronavirus

Gargiulo Produce opened in 1929 as a vegetable cart going door to door to sell food. Now, the company sells online to survive the coronavirus shutdown.




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Estee Lauder CEO: 'Consumer finds a way to get the product they want,' as online sales grow double digits

"The consumer finds a way to get the product they want" and "found a way to buy our product online more than usual," Estee Lauder CEO Fabrizio Freda said.




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'She had the vision' — Marc Benioff credits Rhode Island governor for inspiring Salesforce's contact tracing tools

Salesforce CEO Marc Benioff said it was Rhode Island Gov. Gina Raimondo's idea to couple contact tracing with coronavirus testing as the software maker sought to launch Work.com.




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Masimo CEO says its remote oxygen monitors were made to mitigate diseases like coronavirus

Masimo CEO Joe Kiani discussed how the medical device maker's telehealth systems can be useful in the fight against coronavirus.




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Virus hits Trump's inner circle, unemployment rivals Great Depression: This week's recap and our best reads

The U.S. shed a record number of jobs in April, Trump's personal valet tests positive for virus: This weeks news recap and our best reads.




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Here's what would happen if coronavirus forces the NYSE to close its trading floor

The New York Stock Exchange is prepared for the possibility that someone working on its trading floor may contract coronavirus.




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NYSE readies itself for first ever all-electronic trading day

With the floor of the New York Stock Exchange closed as of Monday, trading will resume electronically.




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Warren Buffett says Berkshire sold all its airline stocks because of the coronavirus

Buffett said Berkshire sold its entire stake in United, American, Southwest and Delta Airlines, worth more than $4 billion on December 31.




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Trader bets gold about to get its shine back

Bullion bounces back. Can gold shine again? With CNBC's Seema Mody and the Futures Now traders, Jim Iuorio at the CME and Anthony Grisanti at the NYMEX.




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If a second wave hits, economist Mark Zandi warns a depression will hit

Moody's Analytics' Mark Zandi worries businesses may reopen too soon.




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'If you're a shareowner in Amazon, you may want to take a seat' — Amazon reports earnings, plans to spend all Q2 profits on coronavirus response

Amazon will invest heavily in Covid-19 testing for its employees.




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Tyson Foods shares fall 8% as production disruptions take a toll on profits, company secures $1.5 billion loan facility

Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year earlier, as production disruptions weighed on its results.




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Disney's parks were its biggest profit-maker, now they could be its biggest drag on earnings

Last year, Disney's Parks, Experiences and Consumer Products segment was its fastest-growing profit driver. Now, it could be the company's biggest drag on earnings, thanks to the Covid-19 outbreak.




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Wayfair shares rocket higher as coronavirus-related store closures shift more demand its way

Online furniture retailer Wayfair's net loss widened during the first quarter, as its sales surged nearly 20% from a year ago.




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The businesses that made Disney a juggernaut are suddenly hurting, distracting from its streaming success

Disney wants Wall Street to focus on its growing streaming business, but its media networks, theme parks and film studio have grown too large to be ignored. That's become a big problem during coronavirus shutdowns.




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Disney reports 58% drop in operating income from parks and cruises, its worst-hit segment

This is the first earnings report with Bob Chapek at the helm of Disney, after former CEO Bob Iger transitioned to executive chairman.




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New York Times expects ad revenue to plummet 50% in Q2, but broke its record for net new subscriptions in a quarter

The New York Times Company said it expects advertising revenue to fall between 50-55% year-over-year in the second quarter as impacts of the pandemic are hitting demand for advertisers. But the media company, which gets two-thirds of its revenue from subscriptions, said it added more than half a million net new digital subscriptions.




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Carvana shares tumble double digits on first-quarter losses

Shares of Carvana tumbled double digits during after-market trading following the auto retailer reporting a net loss of $183.6 million during the first quarter.




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Croatia brings new coronavirus infections down to single digits

Croatian Prime Minister Andrej Plenkovic discusses the EU's response to the Covid-19 pandemic and how the country has handled the crisis.




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Pebble Watch funding hits milestone

CNBC's Morgan Brennan and Tom's Guide Editor-in-Chief Mark Spoonauer talk about Pebble's place in the smart watch market.




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How beer benefits the US economy

Beer is the most popular alcoholic drink in the U.S. But did you know the beer industry employs over 2 million Americans?




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Op-ed: China has a big but brief chance right now to speed its way to global leadership

Covid-19 has revealed more clearly than ever before the nature and relentlessness of the ruling Chinese Communist Party's ambition to place itself at the center of global power and influence.




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Facebook just launched its brand new site — here's how to check it out if you don't see it yet

Facebook's new homepage is live now. Here's how to switch to it.




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Nintendo profits surge as 'Animal Crossing' game becomes fastest-selling title on the Switch

Nintendo said "Animal Crossing: New Horizons" sold over 13 million copies in the first six weeks, making it the fast-selling Switch game.




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Sweden's chief scientist admits lessons have been learned over no-lockdown policy

Sweden's decision to avoid a strict lockdown like its European neighbors drew global attention and was not without controversy, but its chief epidemiologist says there are few things he would have done differently.




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Trump 'torn' over US-China trade deal as officials push to fulfill its terms

Asked if he was "breaking up" the Phase 1 trade deal, Trump said: "I'm very — I'm very torn as to — I have not decided yet, if you want to know the truth."




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British start-up Culture Trip confirms layoffs as coronavirus hits travel

The London-based company has raised over $100 million from investors but it hasn't been an easy ride.




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German court says the European Central Bank now needs to prove its bond buying is needed

The German court said the decision does not concern any financial assistance measures taken by the European Union or the ECB in the context of the current coronavirus crisis.




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TikTok has quietly made London its main hub in Europe

The Chinese-owned social media app is hiring artificial intelligence and software engineers in the U.K. capital.




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The Dow has lost its momentum

The Dow does not like what it sees as trade tensions rise, according to Daryl Guppy.




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Google cut its lobbying spending nearly in half in 2019, while Facebook took the lead

Amazon, Apple and Facebook all increased their lobbying spending in 2019 from the previous year.




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Unemployment benefits for gig and self-employed workers stalled by confusion, delays

The new coronavirus relief law extends unemployment benefits to gig, self-employed and other previously ineligible workers, but they may have to wait to file and receive benefits.




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Here's how Gap plans to reopen its stores

Your shopping experience at Gap could temporarily change. CNBC's Courtney Reagan reports the details on how Gap will reopen its stores across the country.




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Hilton CEO on navigating coronavirus pandemic as crisis hits hotel industry

Chris Nassetta, president and CEO of Hilton, joins "Squawk Box" to discuss company earnings, navigating the coronavirus crisis and more.




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This Mournable Body by Tsitsi Dangarembga review – life on the precipice

A woman’s descent into poverty provides a powerful finale to the Zimbabwean author’s trilogy

“You want nothing more than to break away from the implacable terror of every day you spend in your country – where you can no longer afford the odd dab of peanut butter to liven up the vegetables from Mai Manyanga’s garden.” This is the voice of Tambu, first encountered in the Zimbabwean writer Tsitsi Dangarembga’s much-praised 1988 book Nervous Conditions, a passionate, first-person account of a 1960s Rhodesian childhood scarred by the war of independence.

Now, in the final instalment in the trilogy, Tambu is middle aged and writing in an appropriately distanced second person. Dangarembga sets herself the challenge of writing about how alienated personhood becomes when life stories lose hope and in a country where effort is no longer followed by reward.

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People receiving SSI or VA benefits have until tomorrow to meet this stimulus check deadline

Time is running out if you're receiving SSI or VA benefits and want to make sure your children under 17 are included in your stimulus payments. You have just until tomorrow to report your information to the IRS. But beware: Some people have already complained that their checks fall short.




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Why unemployment benefits for the self-employed may be less than expected

Self-employed workers applying for unemployment benefits may get less than they think because of how they report income.




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‘We are living in a catastrophe’: Peru's jungle capital choking for breath as Covid-19 hits

Iquitos, still reeling from a dengue fever outbreak and plagued by poverty, relies on air deliveries for medicine, equipment and oxygen

In the final hours before Covid-19 claimed her life, Cecilio Sangama watched helplessly as his eldest sister Edith gasped for breath.

Hospitals across Peru’s largest Amazon city had run out of oxygen, and the shortage had pushed the black market price of a cylinder well above $1,000 (£810).

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Trouble brewing for tea producers as coronavirus lockdown hits harvests

India’s ‘champagne of teas’ among those affected as country’s tea board estimates output could drop 9%, amid strain in China and Sri Lanka

Trouble is brewing for the world’s tea producers as the coronavirus lockdown shut down the harvest in several important regions, including the picking of India’s “champagne of teas”.

Despite forecasts of increased demand from drinkers stuck at home across the world, producers have become frustrated by the enforced quarantining of their workforce, with India’s output expected to drop by 9% in 2020.

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India primed: what Amazon's vast new Hyderabad campus reveals about its plans

Amazon have arrived in force in rapidly expanding Hyderabad, with designs on the currently almost non-existent Indian e-commence market

The futuristic lobby of the new Amazon building in Hyderabad feels as though it should have a permanent orchestra blasting out Also Sprach Zarathustra. The scale is intended to awe. A large slogan on a wall suggests the company is “Delivering smiles”. The only sound that rises above the hush is a synthesised beep, coming from a giant screen playing a video of the campus at various stages of its construction.

Built on nine acres in this Indian city’s financial district, it is Amazon’s single largest building globally and the only Amazon-owned campus outside the US. It can house over 15,000 employees, but its size is its main architectural feature: it resembles the same cube of glass steel and chrome seen in corporate offices across Hyderabad, though a flash of magenta reflected in one of the top floor windows, from a billowing sari across the road, is a nice Indian touch.

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Spain and Italy ease Covid-19 lockdown but Russia hits daily high

Two of Europe’s worst affected countries begin careful process of opening up societies again

Spain and Italy, two of the European countries hardest hit by coronavirus, are beginning to emerge from lengthy and strict lockdowns as Russia and Afghanistan reported their biggest one-day rises in new infections.

In Spain, where 217,466 cases of Covid-19 and 25,264 deaths have been confirmed, adults were allowed back on to the street to exercise for the first time in seven weeks this weekend.

Epidemics of infectious diseases behave in different ways but the 1918 influenza pandemic that killed more than 50 million people is regarded as a key example of a pandemic that occurred in multiple waves, with the latter more severe than the first. It has been replicated – albeit more mildly – in subsequent flu pandemics.

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