VMware may perhaps presumably bear 60% of workers working from dwelling after coronavirus pandemic, CEO says

VMware CEO Pat Gelsinger told CNBC on Friday a larger share of the enterprise software company’s employees will work remotely as a result of the coronavirus pandemic. About 20% of the firm’s staff worked from home prior to the crisis, according to Gelsinger.”I expect, as we continue in this environment, we’re sort of going to end…

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Why the stock market is due for ‘consolidation’ as Trump takes aim at China

The Tell Published: May 29, 2020 at 4:09 p.m. ET Consolidation would present ‘entry-point opportunity’: Canaccord’s Dwyer President Donald Trump and Chinese leader Xi Jinping may be headed for a showdown over Hong Kong. AFP/Getty Images After a sharp run-up for U.S. stocks, rising tensions between Washington and Beijing could spark a round of near-term…

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Coronavirus sinks U.S. client spending; financial savings hit myth high

WASHINGTON (Reuters) – U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic. The report from the Commerce Department on Friday also showed an economy…

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40.8 Million Out Of Work In The Previous 10 Weeks — 26% Of Labor Power

A Seattle barbershop remains closed because of the coronavirus outbreak on May 19. Last week, an additional 2.1 million people filed for unemployment benefits around the country. Elaine Thompson/AP hide caption toggle caption Elaine Thompson/AP A Seattle barbershop remains closed because of the coronavirus outbreak on May 19. Last week, an additional 2.1 million people…

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Dr. Scott Gottlieb warns that smartly-liked vaccinations for coronavirus by one year-live ogle not doubtless

Dr. Scott Gottlieb told CNBC on Wednesday that it is unlikely there will be widespread deployment of a coronavirus vaccine this year. “I think we’ll have to have one more cycle of this virus in the fall, heading into the winter, before we get to a vaccine,” Gottlieb said on “Squawk Box.” “I really think a vaccine is probably…

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Your coronavirus stimulus check price could maybe maybe come on a debit card in a definite envelope -TV

Nearly four million people will receive their stimulus check in the form of a prepaid debit card, but some might not realize exactly what it is when it arrives in the mail.The Treasury Department said Tuesday that the prepaid debit cards will come in a plain envelope from Money Network Cardholder Services.There have been reports…

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