Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two U.S. producers are planning a combined global shut-in of 800,000 barrels a day in response to crude price plunges and demand for fuel.
After deploying trillions of dollars in support of the U.S. economy during the coronavirus pandemic, officials of the Federal Reserve have begun to warn the workforce and productivity of potentially lasting scars if recovery is not handled well.
Amazon.com Inc. has told staff whose job can be done from home that they will be able to do so until at least Oct. 2, pushing the timeline for many employees to return to work as it faces scrutiny of conditions in their warehouses.
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