business

Charts suggest the S&P 500 is at a ‘make-or-break’ moment, Jim Cramer says

CNBC’s Jim Cramer on Tuesday said that the S&P 500 is at a critical moment that could send it higher or cut its upward trajectory short. “The charts, as interpreted by Carolyn Boroden, suggest that the S&P 500 could be due for some near-term turbulence if it can’t break out above last week’s highs,” he …

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Kroger and Albertsons want to create a grocery empire. The last supermarket mega-merger backfired

New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons planned to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician in the aftermath of a prior supermarket mega-merger: Albertsons’ $9 billion tie-up with Safeway in …

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Tesla’s dominance of EVs is eroding as cheaper cars hit the market

Tesla is still the top-selling electric vehicle brand in the US, but its dominance is eroding as rivals offer a growing number of more affordable models, according to a report Tuesday by S&P Global Mobility. The data firm found that Tesla’s market share of new registered electric vehicles in the US stood at 65% through …

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Shopper turnout hit record over Black Friday weekend, trade group says

A customer searches for shoe products inside a Macy’s store during Black Friday sales on November 25, 2022 in Jersey City, New Jersey. Kena Betancur | GettyImages A record number of holiday shoppers – 196.7 million – turned out from Thanksgiving Day to Cyber ​​Monday, as they flocked back to stores and hunted for deals, …

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Shopper turnout hit record over Black Friday weekend, trade group says

A customer searches for shoe products inside a Macy’s store during Black Friday sales on November 25, 2022 in Jersey City, New Jersey. Kena Betancur | GettyImages A record number of holiday shoppers – 196.7 million – turned out from Thanksgiving Day to Cyber ​​Monday, as they flocked back to stores and hunted for deals, …

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Dubai, Miami top list of best luxury real estate markets for 2023

Residential villas on the waterside of the Palm Jumeirah in Dubai on Feb. 24, 2022. Russians were always among the top 10 nationalities investing in Dubai property, according to Tahir Majithia, managing partner at Dubai-based Prime Capital real estate. Christopher Pike/Bloomberg via Getty Images Wealthy investors betting on luxury real estate would do better by …

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Bank of America CEO predicts two years of pain ahead in the housing market

New York CNN Business — The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s also hopeful that the likely recession will be brief and “mild.” Bank of America (BAC) CEO Brian Moynihan said in an exclusive interview with Poppy Harlow on “CNN This Morning” Tuesday …

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5 things to know before the stock market opens Tuesday, November 29

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Bounce back? Wall Street is looking for a rebound after Monday’s route, which came as investors …

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