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Read More: Target walks back forecast, will focus on supplying essentials during coronavirus outbreak Costco, Target see foot traffic drop after coronavirus stockpiling boom Target online sales surge, but rising coronavirus costs may hurt profits Americans use their stimulus checks to splurge at Walmart, Target and Best Buy

Apple will reopen its New York City stores by appointment this week after the coronavirus shuttered them for three months. The iPhone-maker’s 10 retail locations will open their doors this week for the first time since March, it said in a statement, allowing customers to schedule appointments for order pickups or device repairs. The Cupertino, …

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The Justice Department has filed suit against John Bolton to delay the publication of his memoir recounting his tenure in the Trump administration. Bolton served as national security adviser to President Trump from April 2018 to September 2019. The former adviser left the White House shortly before House Democrats launched an impeachment inquiry into the …

Harvard University will temporarily waive its requirement that applicants submit their SAT or ACT standardized test scores due to “insurmountable challenges in scheduling tests” related to the coronavirus pandemic, the Ivy League school announced Tuesday. “In the face of unprecedented uncertainty and anxiety surrounding the coronavirus and the economy, we want to be helpful in any …

Researchers at the University of Oxford announced Tuesday that they had found the first proven life-saving coronavirus treatment, after a clinical trial of dexamethasone, a low-cost steroid treatment, cut the risk of death by one-third for coronavirus patients on ventilators and one-fifth for those on oxygen. The study, part of the U.K.’s “Recovery Trial” project …

US bank profits fell by 69.6 percent, to $18.5 billion, in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pandemic, according to data from a banking regulator. The Federal Deposit Insurance Corp. reported that “deteriorating economic activity” caused lenders to write off delinquent debt …

HBO has landed the Spike Lee-directed version of Broadway show “David Byrne’s American Utopia.” The film will launch on the premium cable network later this year and comes after Deadline revealed the filmed version of the show in January. The Broadway production, which opened October 2019 and ran through February 16 at the Hudson Theatre, …

US lawmakers and policymakers should be wary of China’s moves to target vulnerable US assets and expand its market share in the wake of the global economic crisis triggered by the novel coronavirus, according to a study prepared for a US trade group and released on Tuesday. The Horizon Advisory report for the Alliance for …

Tesla CEO Elon Musk and his partner Grimes were recently forced to alter the spelling of their newborn son’s name to comply with California law, as seen on the baby’s birth certificate obtained by TMZ. The power couple had originally planned to name the newborn “X Æ A-12 Musk,” but were forced to change it …