Apple's retail openings are being closely watched as both a key demand driver for Apple as well as a leading indicator for the health of the retail industry, where Apple's locations often anchor important malls or shopping districts.
As Brazil's daily Covid-19 death rate climbs to the highest in the world, a University of Washington study is warning its total death toll could climb five-fold to 125,000 by early August, adding to fears it has become a new hot spot in the pandemic.
While the pandemic has cut a huge swath through what had been thriving U.S. activity, the hit to those born between 1981 and 1996 has been especially brutal.
In perhaps one of the brightest economic readings since the start of the coronavirus pandemic, sales of newly built homes rose nearly 1% in April compared with March, according to the U.S. Census. While that may not seem like a lot, they were expected to fall 22%.
"The data really suggests that money doesn't work in the way we think," Laurie Santos, a psychology professor who teaches the science of happiness at Yale University and hosts the podcast "The Happiness Lab" tells CNBC Make It.
California's wine industry has been hit hard by Covid-19, which not only shut down wineries to visitors, but also restaurants and hotels as the region approached its most popular time of year among tourists.
Facebook is launching a cryptocurrency called Libra, with the intention of making it easier for people to send money across the world. While Libra will be run by a nonprofit association supported by a range of companies and organizations, Facebook will operate Novi.
Real-time data showed businesses and households were reengaging in the economy, said the Allianz chief economic advisor. "The big hope is we sustain it."
Lawmakers in Europe have generally taken a more aggressive approach in their response to protecting the labor market from the effects of Covid-19, with many countries introducing wage subsidy programs.