U.S. Trade Deficit Likely Widened in April Amid Coronavirus Disruptions

WASHINGTON—The U.S. trade deficit likely widened in April during a sharp contraction in global commerce caused by lockdowns associated with the coronavirus pandemic. The deficit…

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‘Everything Is Gone’: Looting Strikes a Second Blow to Reeling Businesses in Minority Neighborhoods

PHILADELPHIA—The destruction came in waves. The first one hit about 4 a.m. on Sunday, when four people smashed the glass door of a clothing store…

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FedEx Adds New Delivery Fees to Manage Strain From Coronavirus

FedEx Corp. is adding surcharges to some shipments in the U.S., following rival United Parcel Service Inc. in charging more to offset rising costs and…

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For African-Americans, a Painful Economic Reversal of Fortune

In the decade before Covid-19, African-Americans’ economic circumstances, crushed during the 2007-09 recession, had slowly but steadily improved. Then lockdowns crashed the economy, and last…

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U.S. to Block Chinese Airline Flights to and From U.S.

The Trump administration threatened Wednesday to bar mainland Chinese airlines from flying to and from the U.S. starting June 16, saying Beijing has failed to…

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Campbell’s Sales Rise on Coronavirus Buying

Campbell Soup Co. raised earnings expectations for its fiscal year after demand skyrocketed for its soup and snacks during the coronavirus pandemic. Campbell said Wednesday…

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Lyft Says Demand Picking Up as Covid-19 Restrictions Ease

Lyft Inc. said demand for rides has risen in recent weeks as people began venturing out following Covid-19 lockdowns but remains well below levels seen…

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Zoom Lifts Full-Year Sales Outlook as Coronavirus Boosts Demand

Zoom Video Communications Inc. raised its full-year outlook for sales after they more than doubled in the first quarter, as a surge in users working…

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Co-Working Firms Respond to Industry Threat With Joint Safety Effort

More than 20 of the world’s largest co-working firms, suffering a threat to their business from the pandemic, have agreed to coordinate in a way…

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Bain, Cyrus Picked as Top Bidders for Virgin Australia Assets

Investment firms Bain Capital and Cyrus Capital Partners were selected as top contenders on Tuesday to acquire the assets of Virgin Australia Holdings Ltd., which…

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