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Nike Announces Job Cuts as Part of Shift to Digital Sales

Nike announced on Wednesday that they will be cutting jobs due to the impact the coronavirus has had on their business. In addition, the sports apparel giant will shake up its leadership team as the company attempts to adjust to the changes COVID-19 has brought to their business.

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Kudlow: ‘There Is No Second Wave Coming’

White House economic adviser Larry Kudlow on Monday said that despite some increases in coronavirus cases in some regions of the country after phasing in reopening their economies, “there is no second wave coming.”

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Pence on Jobs Report: ‘This Recovery Begins Today’

Friday, Vice President Mike Pence reacted to the month of May’s jobs report showing the unemployment rate fell to 13.3% and 2.5 million workers finding employment as restrictions put in place due to the coronavirus pandemic are loosened. The numbers are an improvement from the previous month’s record-high 14.7% unemployment rate.

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Joe Biden: ‘We’re Likely to Inherit a Recession’

In a wide-ranging interview with CNBC’s John Harwood, 2020 Democratic presidential hopeful Joe Biden predicted the next president to take office is “likely to inherit a recession.” The former vice president told Harwood in the sit-down interview in New Hampton,

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