Macy’s delays first-quarter results to July 1, citing COVID-19 disruption

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FILE PHOTO: A security guard rides past a closed Macy’s department store at The Galleria shopping mall after the mall opened during the coronavirus disease (COVID-19) pandemic in Houston Texas, U.S., May 1, 2020. REUTERS/Adrees Latif

(Reuters) – Department store chain Macy’s Inc (M.N) on Thursday delayed its first-quarter earnings report to July 1, citing significant business disruption due to the COVID-19 pandemic, which has also led to delay in financial statement preparation.

Last year, it reported bit.ly/3b8jcEk results on May 15 and in 2018 on May 16.

“These are unprecedented times for the country, the retail landscape

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Americans splurge at Walmart, Target as stimulus checks kick in

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FILE PHOTO: Walmart shopping carts are seen on the parking lot ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski

(Reuters) – The Trump Administration’s coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job losses.

Walmart (WMT.N) and Target Corp (TGT.N) noted in their earnings call this week that quarterly comparable sales, which rose about 10%, got a major boost from increased demand

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Boeing to offer voluntary layoffs to employees amid coronavirus pandemic

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Boeing had about 160,000 employees as of the end of last year, about a third represented by unions. 

Team:

Across Boeing, we’re focused on keeping one another and our communities safe as the COVID-19 pandemic reaches every corner of the globe. Our first priority is and will continue to be protecting the health and safety of our people, their families and the stakeholders we touch. We’re assessing and enhancing the safety of every one of our sites on a daily basis. 

We’re also doing everything we can to protect the future of our business. That means continuing to deliver for

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Coronavirus crisis mobile banking surge is a shift likely to stick

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Stephan Drescher | E+ | Getty Images

Digital banking isn’t new, but with the coronavirus pandemic, young and old Americans suddenly flocked to online and mobile banking en masse. The sudden uptick in online and mobile traffic even created outages. Among those affected: online platforms for U.S. Bank, PNC, Fifth Third Bank, Bank of America, T.D. Bank and BB&T. 

According to Fidelity National Information Services (FIS), which works with 50 of the world’s largest banks, there was a 200% jump in new mobile banking registrations in early April, while mobile banking traffic rose 85%. With many branches closed and no

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