AP Photo/Nati Harnik
The Washington Post recently looked at the "demise" of Sears as a case study in the decay of once-powerful retail giants. The company is now "shuttering stores and selling off crown jewels, such as its Craftsman tools line."
Why this matters: Sears employment, as the Post points out, has fallen from 355,000 in 2006 to just 140,000. That tracks the broader trend in retail jobs which have fallen by 80,000 so far this year.
Tony Evers. Photo: Nuccio DiNuzzo/Getty Images
Wisconsin's Supreme Court on Monday blocked an executive order by Gov. Tony Evers (D) that attempted to delay in-person voting for the state's primary election — currently scheduled for Tuesday — until June 9.
Driving the news: Judges ruled 4-2 along ideological lines that Evers does not have the power as governor to unilaterally postpone the election, despite the fact that the state has a stay-at-home order in place due to the coronavirus pandemic.
Illustration: Sarah Grillo/Axios
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People passing by the New York Stock Exchange amid the coronavirus pandemic. Photo: John Nacion/NurPhoto via Getty Images
The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.
Why it matters: The huge market surge comes amid rare optimistic signs that the spread of the coronavirus may be slowing in parts of the country, including New York. But government officials say this will be a difficult week, while economists — including former Fed chair Janet Yellen today — warn that the pandemic could have a catastrophic impact on the global economy.