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New Orleans Restaurants, Used to Disasters, Reckon With Something Worse

NEW ORLEANS — Tommy Tommaseo is not nostalgic for Hurricane Katrina.Rocky and Carlo’s, his family’s Creole-Italian restaurant in St. Bernard Parish, just outside New Orleans, took on four feet of water when that disaster hit in 2005. There were fish swimming in the first floor of Mr. Tommaseo’s …

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One Shop Became a Lifeline for Rhode Island’s Solitary Clam Fishermen

BRISTOL, R.I. — Lou Frattarelli eased his flatbed truck into the loading zone at Andrade’s Catch, a small seafood shop in this town on Narragansett Bay. He had just tied his 24-foot clam skiff to the marina beside the firehouse and offloaded his catch. He had four sacks of …

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Stocks making the biggest moves in the premarket: Ford, Cheesecake Factory, Groupon, Apple & more

Take a look at some of the biggest movers in the premarket:UnitedHealth (UNH) – The health-services company is introducing a coronavirus test that patients can self-administer, which could reduce the risk to health-care workers. The test calls for patients to swab their noses, drop the swab into test tubes, and …

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Jobless claims soar past 3 million to record as coronavirus sends Americans to the unemployment line

Americans displaced by the coronavirus crisis filed unemployment claims in record numbers, with the Labor Department reporting Thursday a surge to 3.28 million.The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time mark of 695,000 in October 1982. The previous week, which reflected the period before the worst of …

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Wall Street Gains as Washington’s Rescue Deal Inches Forward: Live Updates

[embedded content]Here’s what you need to know:Stocks rose as Congress moved toward passing aid package.Unemployment claims are expected to dwarf the weekly record.Airlines got the bailout they asked for.A $2 trillion lifeline will help, but more may be needed.Big-name hotels go empty and smaller …

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Dow jumps more than 2%, posts first back-to-back gain since February

The Dow Jones Industrial Average jumped more than 13% in two days as the White House and congressional leaders said they had agreed to a massive stimulus bill to combat the economic slowdown from the coronavirus pandemic.The 30-stock average climbed more than 2%, or 495.64 points, to 21,200.55 on Wednesday. The S&P 500  …

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Restaurant Workers Get a Final Paycheck and a Meal From Their Peers

Quillian Fennessy is used to feeding other people. She made about $700 a week waiting tables at Seattle’s oldest vegetarian restaurant and at a friendly Italian place in the city’s Ravenna neighborhood whose menu includes a section titled “pastabilities.” It was enough to pay rent on a shared house …

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Restaurant Closings Inflict Collateral Damage on Other Businesses

Mark and Kerry Marhefka were feeling optimistic about the future of their 15-year-old business, Abundant Seafood, when they opened their first processing plant this month in North Charleston, S.C.Mr. Marhefka catches vermilion snapper, triggerfish, banded runnerfish and several kinds of grouper on two-hook lines he drops into the …

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Market comeback gains steam as Dow soars 1,500 points on stimulus deal hope

Stocks rebounded aggressively from a three-year low on Tuesday as investors hoped U.S. lawmakers were close to an agreement on a stimulus bill to rescue the economy from the damage caused by the coronavirus.The Dow Jones Industrial Average soared 1,500 points, or about 8%. The S&P 500 gained 6.8% while the …

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Coronavirus live updates: NY cases soar to over 25,000, White House to get thousands of test kits

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 387,382Global deaths: At least 16,767US cases: At least 46,450US deaths: At least 593The …

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