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Business Briefs

[naviga:h3]Displaced residents mail to be held[/naviga:h3]

The U.S. Postal Service is altering some services in Western Pennsylvania to help customers who may be temporarily displaced by the coronavirus pandemic.

During the COVID-19 crisis, customers can have mail held at their local post office until May 30, and can pick up their mail and packages or request delivery by May 30.

Additionally, customers can extend their mail hold during the two weeks beginning June 1.

The Western Pennsylvania District includes Warrendale, Pittsburgh, Johnstown, Erie, Altoona and Wheeling, W.Va.

[naviga:h3]Shanghai Disneyland reopens with controls[/naviga:h3]

SHANGHAI — Visitors in face masks streamed into Shanghai Disneyland as the theme park reopened Monday in a high-profile step toward reviving tourism that was shut down by the coronavirus pandemic.

The House of Mouse’s experience in Shanghai, the first of its parks to reopen, foreshadows hurdles global leisure industries might face. Disney is limiting visitor numbers, requiring masks and checking for the virus’s telltale fever.

China, where the pandemic began in December, was the first country to reopen factories and other businesses after declaring the disease under control in March even as infections rise and controls are tightened in some other countries.

“We hope that today’s reopening serves as a beacon of light across the globe, providing hope and inspiration to everyone,” the president of Shanghai Disney Resort, Joe Schott, told reporters.

[naviga:h3]Survey: High stocks, worse finances[/naviga:h3]

U.S. households expect the stock market to go higher in the next 12 months even as their own finances deteriorate, according to a Federal Reserve Bank of New York survey. Americans saw better than 50-50 odds of higher stock prices over the next year for the first time since data collection began in 2013, according to results of a monthly New York Fed consumer survey collected in April and published Monday.

At the same time, expectations for growth in earnings, total household income and consumer spending all fell to the lowest levels in the survey’s seven-year history. The results highlight the disparate impact the coronavirus pandemic is having on the stock market and the labor market.

From staff and wire reports

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