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June 6, 2020
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CNBC Business

JC Penney announces 154 stores set to close this summer. Here’s a map.

CNBC – For more and to sign up click here Bankrupted J.C. Penney announced Thursday the list of the 154 stores it plans to close this summer, with store closing sales kicking off June 12.  It said it will announce additional closures in the coming weeks.  Here’s the complete list......
New York Post

‘Lost’ Italian village set to emerge from watery depths for the 1st time in 27 years

A “lost” medieval village is set to emerge from the waters of an Italian lake. The sunken village of Fabbriche di Careggine disappeared beneath the waters of the artificial lake Vagli in 1953, according to La Repubblica, but “reappears” whenever the reservoir is drained for maintenance work. The Tuscan ghost......
CNBC Business

Bail set at up to $1 million for three ex-Minneapolis police officers charged with abetting alleged murder of George Floyd

CNBC – For more and to sign up click here Minneapolis police officers (L to R) Tou Thao, Thomas Lane, Alexander Kueng Three now-former Minneapolis police officers had bails set at up to $1 million at their arraignment Thursday on charges of aiding and abetting a fourth cop in the......
CNBC Business

ECB set to scale up stimulus as new data could indicate a need to do more

CNBC – For more and to sign up click here The European Central Bank (ECB) is expected to increase its coronavirus crisis asset-purchase program at this week’s meeting, amid fears of falling inflation and the steepest economic contraction since World War II for the euro zone.  In March, the ECB......
New York Post

Heather Morris agrees ‘Glee’ co-star Lea Michele was ‘unpleasant’ on set

Another “Glee” co-star has bolstered Samantha Marie Ware’s claim that Lea Michele made her life on set a “living hell.” Heather Morris, who played Brittany S. Pierce on the Fox hit, tweeted out that she, too, found it difficult to work with Michele. However, she was slow to label the......
CNBC Business

Steve King gets ousted, and key 2020 contests are set in Tuesday’s primary elections

CNBC – For more and to sign up click here Rep. Steve King, R-Iowa on the East Front of the Capitol, to highlight crimes committed by illegal immigrants in the U.S., on September 7, 2018. Tom Williams | CQ Roll Call | Getty Images Rep. Steve King, an Iowa Republican......
CNBC - Real Estate

Mortgage demand from homebuyers jumps 18%, as interest rates set another record low

CNBC Real Estate
Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage applications numbers get stronger each week as homebuyers rush back into the market, hoping to get their hands on what few homes there are for sale. Another record-low mortgage......
BBC - Business

Australia set for first recession in three decades

https://www.bbc.co.uk/news/business-52901560 Image copyright Getty Images Australia is set for its first recession in 29 years as the country feels the impact of the virus pandemic. Official figures show that the economy shrank by 0.3% in the first three months of the year, amid bushfires and the early stages of the......
BBC World

Premier League clubs set for friendlies after being given go-ahead

Liverpool held an 11 v 11 game in training at Anfield on Monday The Premier League has given clubs permission to play friendly matches, with strict restrictions, before the restart on 17 June. Top-flight sides made requests to face other teams in preparation for the league’s return, which was accepted,......
Sports Illustrated - MMA

How Magic Johnson Set the Bar For Athletes in Business

Sports Illustrated
SI – For more and to sign up click here Priya Desai In 1991, Magic Johnson landed on the cover of Sports Illustrated, with plans to cement himself as a business mogul. Today, Magic Johnson Enterprises, Johnson’s investment firm, has holdings worth an estimated $1 billion. Sports Illustrated is opening up......
Reuters - Business

Wall St. set for higher open on prospects of economic recovery

(Reuters) – Wall Street’s main indexes were set to hit fresh three-month highs on Tuesday as optimism over reopening businesses overshadowed fears of more disruptions from protests in the country over the death of a black man while in police custody. FILE PHOTO: Traders wear masks as they work on......
New York Times - World

Coronavirus Live Updates: U.S. Officials Worry That Protests May Set Off Second Virus Wave

New York Times
New York Times – For more and to sign up click here N.Y.’s top officials urge caution and warn that protests could set off a second wave of infections. After a fourth night of crowded and chaotic protests against racism and deadly police brutality in New York City, both the......
CNBC Business

Stock market live updates: First trading day of June, Dow set to rise, third straight up month?

CNBC – For more and to sign up click here A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images This......
CNBC Business

In a post-coronavirus world, China looks set to grow while the rest of the world contracts

CNBC – For more and to sign up click here Red flags fly in front of the Great Hall of the People as the third session of the 13th National People’s Congress (NPC) opens on May 22, 2020 in Beijing, China. Du Yang | China News Service | Getty Images......

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