CNBC’s Jim Cramer on Tuesday broke down a trusted technical analyst’s findings in the chart action of the S&P 500 and volatility indexes to gauge the market’s next movements. The “Mad Money” host took a pointer from volatility expert Mark Sebastian, founder of OptionPit.com, who cautions that the recent upside in the market is likely ephemeral.
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My colleague, Jim Cramer, made a very interesting recommendation Monday morning, calling on the U.S. Treasury to issue a $1 trillion, 30-year “war bond” to finance out battle against the coronavirus. He pitched the idea on CNBC to Larry Kudlow, who chairs the White House National Economic Council and promised to propose the idea directly
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The entrance to a Macy’s department store. Jeffrey Greenberg | Universal Images Group | Getty Images Macy’s said Tuesday that Chief Financial Officer Paula Price will be leaving the company, effective May 31.  The company said an external search is underway for Price’s replacement. It also said Price will remain an advisor to Macy’s until November. 
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A framing art gallery is closed in Venice Beach, California’ during the COVID-19 novel coronavirus. APU GOMES/AFP via Getty Images Some small-business owners are growing increasingly worried that loan money being distributed as part of the coronavirus relief package will run out before they can access funds. The Paycheck Protection Program, which is being overseen
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Blue Origin’s headquarters in Kent, Washington. Blue Origin Jeff Bezos’ space venture Blue Origin confirmed on Monday that two employees at its Seattle-area headquarters tested positive for coronavirus. The employees, who are married couple, work at Blue Origin’s headquarters in Kent, Washington and were last in the office about two weeks ago. The company has
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Author Simon Sinek speaks on stage during the Massachusetts Conference For Women 2019 in Boston on Dec. 12, 2019. Marla Aufmuth/Getty Images for Massachusetts Conference for Women 2019 Motivational speaker and author Simon Sinek also prefers to include another title alongside his name: optimist. Sinek’s books include titles like, “Find Your Why: A Practical Guide
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Oil prices dropped during overnight trading on Sunday after OPEC+ announced it was delaying its meeting initially scheduled for Monday, stoking fears on the Street that a production cut might face hurdles. U.S. West Texas Intermediate crude fell 9.2% to trade at $25.72 per barrel, while international benchmark Brent crude dipped 8.7% to $31.15 per
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The COVID-19 outbreak has laid waste to entire sectors of the global economy, but none faster than the cruise industry. The pandemic has basically shut down the cruise-ship business, with the three largest publicly traded cruise companies suspending some, if not all, of their operations. Carnival, the world’s largest cruise operator, has been at the
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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Alongside Damien Hirst and Tracey Emin, Fiona Rae is one of the generation known as the YBAs, or Young British Artists. Yet while her peers explored installation and video, she stayed faithful to painting. Rachel Spence asks her about her new works showing at the Timothy
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Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russia’s Energy Minister Alexander Novak are seen at the beginning of an OPEC and NON-OPEC meeting in Vienna, Austria December 6, 2019. Leonhard Foeger | Reuters The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the
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Emanuel Simhayev, owner and pharmacist at Get Well Rx in Astoria, Queens, consults with a customer purchasing face masks. April 2, 2020 Emanuel Simhayev’s small pharmacy is short-staffed these days. Most of his employees, worried about getting exposed to the coronavirus, are no longer coming to work. Simhayev, 33, and his technician Evelyn Quirindongo, 53,
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