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Economic news

Baylor Scott & White Announces Layoffs, Furloughs Amid Pandemic - NBC 5 Dallas-Fort Worth

The COVID-19 pandemic is causing Baylor Scott & White Health to lay off 3% of its employees. Baylor made the announcement Tuesday. In addition to the…
NBC 5 Dallas-Fort Worth

Uber and Lyft Drivers Sue for New York Unemployment Benefits - The New York Times

In the latest challenge over their labor status, gig workers say the state is illegally failing to pay them jobless benefits in a timely way.
Noam Scheiber

Stock futures flat as investors weigh economy reopening and US-China tensions - CNBC

Stocks are coming off a 530 point rally in the Dow Jones Industrial Average on Tuesday.
Maggie Fitzgerald

Stimulus will add to high debt levels but alternative is 'much worse,' ECB vice president says - CNBC

The vice president of the European Central Bank (ECB) has backed the unprecedented stimulus packages launched in the region, saying there were no alternatives for lawmakers.
Matt Clinch

In coronavirus aftermath, Peter Thiel's Palantir considers abandoning California - Fox Business

Palantir could wind up in Colorado, an executive says.
Brittany De Lea

Stanley Ho, Who Turned Macau Into a Global Gambling Hub, Dies at 98 - The New York Times

Mr. Ho led the tiny Chinese territory’s transformation into the world’s most lucrative gambling destination.
Jonathan Kandell

Google is reopening offices in July on a limited basis - The Verge

Google employees are getting a $1,000 stipend for home office equipment. CEO Sundar Pichai said offices will begin to reopen on July 6th, but returning to work will be optional.
Zoe Schiffer

A staggering number of laid-off workers are receiving more money in unemployment benefits than they did from their jobs - MarketWatch

Democrats want to extend the payout window, but Republicans say the benefits are too rich
Andrew Keshner

Merck CEO on Covid-19 testing and vaccine development - CNBC Television

Ken Frazier, Merck Chairman and CEO, joins "Closing Bell" to discuss further coronavirus developments.

Stock Market Wrap-Up: Why Luckin Coffee Jumped 50% While Hertz Stock Crashed - Motley Fool

Stocks were generally higher after the holiday weekend.
Dan Caplinger

Consumer confidence stabilizes in May after sharp plunge in prior month - MarketWatch

Conference Board index rises to 86.6 in May from 85.7 in April
Greg Robb

Airline stocks take off as COVID-19 restrictions ease, more travelers fly - MarketWatch

TSA data show a 5th-straight week of increasing travelers per day; Germany’s TUI plans to resume flights in July
Tomi Kilgore

Don’t throw it away! IRS stimulus card payments arriving in unmarked envelopes - WHNT News 19

The Better Business Bureau of North Alabama says they are getting a lot of calls from concerned consumers about a prepaid debit card that arrived in an unmarked envelope stating it was their economic stimulus payment. These payments are legitimate! The card c…
WHNT.com

Six Flags announces safety measures for reopening; 1st theme park will open June 5 - KTLA

Six Flags theme parks across the country will require guests to wear masks at all times and will use an online reservation system to manage crowds once they reopen, the company announced on Tuesday. “All guests over the age of two and all team members will be…
Nexstar Media Wire

JPMorgan shares surge after Jamie Dimon says bank is 'very valuable' at current prices - CNBC

Dimon was asked for his opinion on the valuation of the biggest U.S. bank by assets.
Hugh Son

Stocks rally, S&P 500 crosses 3,000 barrier; oil gains - Reuters

Global equities and oil rose on Tuesday as China's promise of more stimulus and prospects of a world economic recovery cheered investors, who set aside concerns about tense rhetoric between Washington and Beijing.
Herbert Lash

Hoyer Says House and Senate Close on PPP Loan Extension - Bloomberg

Great Lakes Crossing Outlets, Twelve Oaks Mall reopening: New hours, COVID-19 safety rules - WDIV ClickOnDetroit

Great Lakes Crossing Outlets and Twelve Oaks Mall are both set to reopen later this week, with new hours, specific coronavirus (COVID-19) rules and mandatory appointments.
Derick Hutchinson

Chicago South Side hospital merger called off - Crain's Chicago Business

As they called off the combination, the hospitals said they fear the state Legislature's inaction will mean more facilities will close.

Calibra Rebrands as Novi to Avoid Confusion With Libra - Cointelegraph

Facebook continues sprucing up for regulators
Stephen O'Neal