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Fed’s Kaplan Said The Economy’s Only Hope Is Widespread Mask-Wearing

Plus, the U.S. reported another record jump in new coronavirus cases, Gilead released positive results from an analysis of its remdesivir treatment in patients severely ill with COVID-19, United reached an agreement with its pilots union, and a top Apple analyst issued a new prediction.

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Bed Bath & Beyond Shares Are Sinking After It Says It’s Closing 200 Stores

Plus, jobless claims came in above 1 million for the 16th straight week, the U.S. surpassed 3 million confirmed coronavirus cases, United Airlines warned 36,000 employees of possible furloughs, and Walgreens reported disappointing earnings.

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Stocks Move Higher Even As U.S. Reports A Record One-Day Surge In New Coronavirus Cases

Plus, Trump administration aides are reportedly looking at ways to undermine the Hong Kong dollar to punish China for its recent actions in the city, Walmart is getting into the health insurance business, and another retailer filed for bankruptcy.

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Gap Shares Surge After Announcing A New Line With Kanye West

Plus, new coronavirus cases hit a record again, Amazon is acquiring self-driving start-up Yoox, Microsoft is permanently closing its retail locations, and Virgin Galactic successfully completed an important test.

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These 5 Stocks Are Rallying As Coronavirus Cases Surge Higher

With people staying home as cases of the deadly virus continue to climb, stocks like these 5 are on the rise.

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Macy’s Shares Are Down After It Says It’s Cutting 3,900 Corporate Jobs

Plus, bank stocks are on the rise on reports of a change to the Volker Rule, the U.S. saw a record number of new coronavirus cases, last week’s jobless claims came in higher than expected, and Wirecard shares tanked after the troubled fintech filed for insolvency.

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May Jobs Report Shows Surprise 2.5 Million Gain in Payrolls

Plus, Vice President Pence said the Trump administration is working with Democrats in “good faith” on another round of coronavirus stimulus, airline stocks are soaring as hopes rise of a recovery for air travel, and JCPenney announced it’s closing more than 150 stores following its bankruptcy filing last month.

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2 Retail Stocks That Can Keep Rallying Higher

These 2 retail stocks are already up significantly for the year, but here’s why they could continue to surge higher.

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Charles Schwab Shares Jump After Its TD Ameritrade Acquisition Clears Antitrust Hurdle

Plus, weekly jobless claims came in at 1.877 million, the FDA issued emergency use authorization for Roche’s blood test to identify those at risk of having the most severe immunological response to the coronavirus, and Simon Property Group is suing Gap for missed rent.

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Trump Administration Bans Chinese Airlines From Flying To The U.S. As Tensions Mount

Plus, ADP reported 2.76 million private payrolls were trimmed in May, Dr. Anthony Fauci warned a potential coronavirus vaccine may not provide long-term immunity, and another retailer looks poised to file for bankruptcy protection.

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Stocks Sink Lower As President Trump Announces News Conference “On China” Today

Plus, New Jersey Governor Murphy said the state may have to layoff 200,000 due to a $10.1 billion revenue shortage amid the coronavirus crisis, GM will reopen its American plants starting Monday, and Nordstrom shares are down after the department store reported net sales fell 40% last quarter.

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The U.S. Surpassed 100,000 Coronavirus Deaths

Plus, another 2.1 million Americans applied for unemployment benefits last week, Trump is expected to sign an executive order to crack down on liability protections for social media platforms, and Abercrombie shares are down after the mall-staple reported a 34% drop in sales in the first quarter.

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