17-21 minutes - Source: NYT
Global markets fall sharply on recovery jitters.Global markets on Monday were pointing to a downbeat beginning to the week, with stocks falling and futures markets predicting a negative opening for Wall Street.
J. Crew files for bankruptcy, the first major retailer to fall during the pandemic.
Hong Kong takes its worst economic hit in decades.Hong Kong’s economy shrank by 8.9 percent in the first three months of the year compared with a year earlier, according to government estimates, the worst plunge since the authorities began tracking similar data in 1974.
New efforts to cut food waste as risk of hunger grows in America.
Amazon and Target face protests over worker safety.
Some Amazon workers said they were alarmed that the company was ending a policy of unlimited unpaid time off, which many workers had taken advantage of to avoid coronavirus exposure in warehouses.
Washington gave more than $1 billion in loans to publicly traded firms.
Media layoffs grow, but small news outlets are starting to receive aid.
Catch up: Here’s what else is happening.
- Taubman, the shopping mall owner, said that it would reopen three major shopping centers on May 6 as retailers aim to return to business: International Plaza in Tampa, Fla.; The Mall at University Town Center in Sarasota, Fla.; and City Creek Center in Salt Lake City, Utah. The company made its plans known after Simon Property Group, the biggest mall operator in the United States, said that it planned to reopen 49 malls this weekend across 10 states. Macy’s, which also owns Bloomingdale’s and Bluemercury, said on Thursday that it planned to open 68 stores on Monday.