U.S. consumer confidence stabilizes; new home sales surprise

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WASHINGTON (Reuters) – U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was likely in the past as the country starts to reopen, but it could take a while for the economy to dig out of its hole amid record unemployment.

FILE PHOTO: A shopper passes near a self-distancing queue outside Trader Joe’s, as they limited the amount of shoppers allowed in the store to help prevent the spread of coronavirus disease (COVID-19), in Bailey’s Crossroads, Virginia, U.S., March 31, 2020. REUTERS/Kevin Lamarque

Signs the downturn could be close to bottoming were bolstered

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Fears of coronavirus second wave prompt flu push at U.S. pharmacies, drugmakers

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NEW YORK (Reuters) – U.S. pharmacy chains are preparing a big push for flu vaccinations when the season kicks off in October, hoping to curb tens of thousands of serious cases that could coincide with a second wave of coronavirus infections.

FILE PHOTO: A nurse displays a flu vaccine at a free medical and dental health clinic in Los Angeles, California, U.S., April 27, 2016. REUTERS/Lucy Nicholson

CVS Health Corp (CVS.N), one of the largest U.S. pharmacies, said it is working to ensure it has vaccine doses available for an anticipated surge in customers seeking shots to protect

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Southwest, Macy’s, JPMorgan, Novavax, Carnival and more

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Southwest Airlines Boeing 737 MAX aircraft are parked on the tarmac after being grounded, at the Southern California Logistics Airport in Victorville, California on March 28, 2019.

Mark Ralston | AFP | Getty Images

Check out the companies making headlines in midday trading. 

United, American, Delta, Southwest — Airlines, which are positioned to benefit from the economy reopening, rose on Tuesday with United Airlines jumping more than 14%. Delta and American Airlines rose more than 10%. Southwest rallied 11.5%, helped by an upgrade to buy at UBS. The Wall Street firm said domestic travel is on the path to recovery

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Pandemic forces virtual safety checks for oil tankers

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LONDON (Reuters) – Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as storage.

FILE PHOTO: An oil tanker and a container ship sit off shore of the port of the Long Beach during the outbreak of the coronavirus disease (COVID-19) in Long Beach, California, U.S., April 23, 2020. REUTERS/Mike Blake/File Photo

Oil tankers require rigorous inspections twice a year to reduce the risk of oil spills or mechanical collapse with polluting

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