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Apple Inc will this week reopen more than 25 of its branded stores in the United States, a company spokesman said on Sunday, continuing a gradual process that has unlocked doors at nearly a fifth of its worldwide retail outlets, Reuters reports.
The iPhone maker in March shut all its stores outside of Greater China in response to the spread of the coronavirus. It started shutting its China stores in January and reopened them by mid-March.
US Federal Reserve Chair Jerome Powell said on Sunday that US unemployment could hit 25%, but expressed optimism Sunday that the economy can begin to recover from a devastating recession in the second half of the year, assuming the coronavirus doesn’t erupt in a second wave.
He suggested that a full recovery won’t likely be possible before the arrival of a vaccine.
“When the virus outbreak is behind us, the economy should be able to recover substantially,” says Fed Chairman Jerome Powell because of the strength of economy and financial system before coronavirus. https://t.co/nHKWIFeqKD pic.twitter.com/VtHotdWCbp