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April 10, 2020
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Nordstrom Inc

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5.25 million more weekly unemployment claims expected

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CNBC – For more and to sign up click here People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fort Smith, Arkansas, April 6, 2020. Nick Oxford | Reuters Another 5.25 million workers......
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US retail store closures to drag into April, likely longer

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CNBC – For more and to sign up click here March 27.  This Friday was the day that many retailers set roughly two weeks ago as the marker for how long they planned to temporarily keep their shops closed. But as the number of COVID-19 cases continues to rise, nothing is......
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Nordstrom suspends dividend, taps credit in midst of coronavirus

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CNBC – For more and to sign up click here Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on Friday, March 20, 2020. Gabby Jones | Bloomberg via Getty Images Nordstrom said Monday that it is suspending its dividend, halting share buybacks and......
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Macy’s withdraws earnings outlook, suspends dividend amid coronavirus

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CNBC – For more and to sign up click here Macy’s store in New York City. SOPA Images | LightRocket | Getty Images Macy’s said Friday that it has fully drawn its $1.5 billion revolving credit facility, in the midst of the coronavirus pandemic. The department store chain said it did......
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Inside Macy’s Herald Square store before coronavirus closed it temporarily

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CNBC – For more and to sign up click here A few people pass by Macy’s Herald Square location on March 17, before it shut to the public because of COVID-19. Source: Lauren Thomas, CNBC Macy’s was the last major department store chain in America to lay out a plan for......
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Tom Hanks, Rita Wilson released from hospital, oil prices could hit teens

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CNBC – For more and to sign up click here A man in a surgical mask walks through Manhattan’s Broadway Theatre district after Broadway shows announced they will cancel performances due to the coronavirus outbreak in Manhattan, New York City, New York, U.S., March 12, 2020. Andrew Kelly | REUTERS......
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Nordstrom is closing all US stores due to coronavirus

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CNBC – For more and to sign up click here The outside of Nordstrom’s men’s store in New York, which opened in April 2018. Source: Nordstrom Nordstrom is closing its more than 360 stores temporarily to try to curb the spread of COVID-19.  The department store retailer has also withdrawn......
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Stocks to rebound, Regeneron speeds up drug, crazy futures trading

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CNBC – For more and to sign up click here Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images 7:37 am: Tech titans erase more than $1 trillion......
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Dow gains 600, healthcare stocks jump, 10-year at 1%

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CNBC – For more and to sign up click here Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 25, 2020. Brendan McDermid | Reuters This is a live blog. Check back for updates. 9:31 am: Stocks surge, Dow gains more than......
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Nordstrom (JWN) reports fourth quarter 2019 earnings miss

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CNBC – For more and to sign up click here Rolls of gift paper hang on display at a Nordstrom Local concept store in New York, Sept. 5, 2019. Demetrius Freeman | Bloomberg | Getty Images Nordstrom shares tumbled Tuesday after the retailer announced it is changing its leadership structure, appointing......

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