Bank trading floors could get a makeover in the wake of Covid-19.

Stocks were under pressure once again by steep declines in major tech names.

The steep losses came as Apple’s recent product event — its first in 2020 — didn’t live up to the hype.

Businesses in many states are likely to face tax increases as early as next year to replenish depleted trust funds that pay unemployment benefits. Workers may also face cuts in unemployment benefits.

The U.S. is halfway through wildfire season, and this year is already one of the worst in history. Human-caused climate change has made blazes more frequent and intense.

Kraft Heinz also raised its third-quarter forecast for organic sales growth.

Peloton’s fiscal fourth-quarter sales surged 172% to $607.1 million, the company announced Thursday, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to work out at home during the coronavirus pandemic. 

The software maker delivered revenue growth even during the first full quarter of business during the coronavirus pandemic.

Slack’s revenue grew at around 50% for the third consecutive quarter, and the company reported more paying customers than analysts had expected.

CEO Calvin McDonald said the retailer is „cautiously optimistic“ about the rest of the year. Lululemon is not offering a 2020 outlook at this time.