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NEW YORK (AP) — Apple is the first U.S. company to boast a market value of trillion, just two years after it became the first to reach trillion. Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic. The company’s hugely loyal customer base trust its products so much that they continued to buy iPhones and other devices online while stuck at home. Apple recently reported blowout earnings for the April-June quarter.Apple has been at the vanguard of a group of Big Tech companies that are increasingly taking over people’s lives — and the stock market. Just five companies — Apple, Microsoft, Amazon, Facebook and Google’s parent company — account for nearly 23% of the S&P 500’s entire value. 853

NEW YORK (AP) — Jeffrey Epstein’s longtime confidante Ghislaine Maxwell has been transferred to New York to face charges she recruited women and girls for him to sexually abuse.The Bureau of Prisons confirmed that Maxwell was transferred Monday and is currently being held at the Metropolitan Detention Center in Brooklyn.Prosecutors have asked a judge to schedule a Friday court appearance in Manhattan federal court for Maxwell.The 58-year-old was arrested last week at a million estate she had purchased in New Hampshire.Maxwell was the former girlfriend and longtime close associate of Epstein, who killed himself in a Manhattan jail last August while he awaited trial on federal sex trafficking charges.She has denied wrongdoing and called claims against her “absolute rubbish.” 794

NEW YORK (AP) — Macy’s said Thursday that it’s laying off 3,900 corporate staffers, roughly 3% of its overall workforce, as the pandemic takes a financial toll on the retailer's sales and profits.The headcount reduction will save the department store chain 0 million per year.Like many of its non-essential peers, Macy’s was forced to close its physical stores to curb the spread of the coronavirus, evaporating sales.Since early May, Macy’s has been gradually reopening its stores, which had been closed since March 18.The New York-based company furloughed a majority of its workers as the pandemic took hold in the U.S. However, it was announced Thursday that most remaining furloughed employees would be returning to work starting July 5.Macy’s CEO Jeff Gennette has said that customers are coming back, but it needs to cut costs to readjust its business to a new climate.“COVID-19 has significantly impacted our business. While the re-opening of our stores is going well, we do anticipate a gradual recovery of business, and we are taking action to align our cost base with our anticipated lower sales,” said Gennette. “These were hard decisions as they impact many of our colleagues. I want to thank all of our colleagues – those who have been active and those on furlough – for helping us get through this difficult time, and I want to express my deep gratitude to the colleagues who are departing for their service and contributions. We look forward to welcoming back many of our furloughed colleagues the first week of July.” 1544

NOANK, Ct. -- As a humid summer breeze blew across the bow of the oyster boat Marc Harrell was standing on, he looked out toward Long Island Sound and could see some signs that the nation’s economy is recovering.Harrell has spent most of his life fishing those waters for oysters under the guidance of Captain Jim Markow, both men are the backbone of Mystic Oysters, a family owned business that’s been around for decades.“Our business hasn’t completely rebounded yet, it’s still going to be some time before it does,” Harrell said as he dropped an oyster dredge off the side of the boat.In Noank, Connecticut, the headwaters of the Atlantic Ocean come crashing into the Mystic River. The combination of saltwater and fresh water creates what most in the coastal community say are some of the best oysters in the world.But the coronavirus outbreak has been threatening a way of life that’s been a part of this community for generations. It’s a pandemic impacting both land and sea.“We don’t know what’s going to happen and we’re still not 100% optimistic that everything is going to be the same once this is all done,” Markow said.For the better part of 40 years, Markow has operated Mystic Oysters. The small family-owned company prides itself on harvesting oysters directly from their own oyster beds and shipping them directly to restaurants and suppliers up and down the East Coast. But as countless restaurants closed because of the coronavirus, Mystic Oysters no longer had a customer base.Like so many other small businesses across the country, COVID-19 has forced Mystic Oysters to reinvent themselves. The company has started selling directly to consumers, harnessing social media and word-of-mouth to bring customers directly to the docks to buy oysters as fresh as they come. They’ve even started coordinating with other small businesses and fisherman to hold farmers’ markets and pop-up sales tents around the area.Revenue is still down considerably but Markow sees a future in their new business model.“It’s exciting to see the opportunities that are out there that we weren’t aware of,” he said. “We were forced into a situation to reinvent our business and I think in the long run it’ll be a positive, in the short run though, definitely scary.”Experts say that kind of ingenuity and creativity is something other small businesses can emulate as they try to navigate the uncertainty surrounding the virus.“That’s always been the staple of small business, finding those market opportunities and working with the resources they have to survive,” said Holly Wade, who serves as a researcher with the National Federation of Independent Businesses.As for Mystic Oysters, they see diversification as a way forward. For the first time in the company’s history they’ve even started selling fresh lobsters directly to consumers. Markow hopes other small business owners who might be struggling see what they’re doing here and find hope for a future rebound.“Don’t give up, keep thinking. There’s a lot of opportunities out there if you want to be creative.” 3071

New research confirms that temperature and symptom checks miss many coronavirus infections. A study published Wednesday found that these measures failed to detect infections in new Marine recruits before they started training, even after several weeks of quarantine. Many recruits had no symptoms yet still spread the virus. Genetic testing revealed six separate clusters of cases among the recruits.The work has implications for colleges, prisons, meatpacking plants and and other places that rely on symptom screening. Doctors say more COVID-19 testing is needed, especially in younger people who often don't develop symptoms.An estimated 20% of coronavirus infections do not result in symptoms. The good news is those who are asymptomatic generally do not spread the virus as easily as those who have symptoms, according to a University of Minnesota study. 868