Updated Jul 2, 2018

Sears set to close 78 stores this year

Sears store closing down. Photo: Scott Olson/Getty Images

Sears Holdings is now set to close 78 stores by September — adding another 10 to its list — as it continues to evaluate the future of its brick and mortar locations, USA Today reports.

The big picture: The company says it has more than 100 unprofitable stores. Once one of the country's major retail giants, Sears has faced tremendous pressure thanks to the online retail boom led by Amazon. In May, the company announced it would be closing 72 Kmart stores and Sears stores — after it closed roughly 400 locations in 2017.

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Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,359 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

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Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.