Friday 5 June 2020

The Daily Money: List of J.C. Penney closings

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ALL THE MONEY NEWS YOU NEED TO KNOW

Friday, June 5

Happy Friday, Daily Money readers. The weekend is closing in fast, so if you're hoping to get a last dose of news before unplugging, keep reading.

Well, that was unexpected. The economy gained 2.5 million jobs in May, which shocked experts who had predicted a loss of 8 million and an employment rate of 20%. Here's what happened.

J.C. Penney late Thursday revealed a list of 154 stores that it will close permanently in bankruptcy. Liquidation sales could begin within a week. Here's where the closings will happen.

Not long after the CDC recommended wearing cloth face coverings to slow the spread of COVID-19, a company introduced face recognition technology designed to identify people who are wearing them, be it to ward off coronavirus or conceal their identity.

Scroll down for more money and tech news.

David Brinkerhoff, Deputy Money Editor

In this photo taken Thursday, June 4, 2020, a pedestrian wearing a mask walks past reader board advertising a job opening for a remodeling company, in Seattle.

In a stunner, economy adds 2.5M jobs as businesses start to reopen

The U.S. economy added 2.5M jobs in May as the U.S. economy reopened businesses shuttered by the coronavirus pandemic. 8 million job losses were forecast.