Consumer behavior will forever be changed by shelter-in-place

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CNBC’s Jim Cramer on Thursday said the stay-at-home economy will be brief, but its effect on society will be eternal.

“The shelter-in-place economy is temporary,” he said on “Mad Money.” “But, at the same time, I’m betting this period will have a lasting impact on consumer behavior.”

The impact can be felt in the way people experience shopping and fun, even as each state has begun efforts to restart their respective economies after two months of economic turmoil caused by the coronavirus pandemic, Cramer said..

“Just remember, even as we reopen for business, the new normal is not the old

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April sales were strong ‘across our entire portfolio’

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Target CEO Brian Cornell on Thursday broke down the big-box retailer’s quarterly performance through the height of the coronavirus pandemic.

The company earlier that day reported beating estimates on the top and bottom lines for the fiscal first-quarter ended in May, including 10.8% growth in same-store sales. Target had earnings per share of 59 cents — analysts expected 40 cents — on $19.62 billion in revenue — analysts were looking for $19.04 billion.

“We saw strength in April across our entire portfolio,” Cornell told CNBC’s Jim Cramer in a “Mad Money” interview.

Target, which has invited heavily in its online

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EasyJet board looks set to win latest battle with Stelios

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LONDON (Reuters) – EasyJet’s (EZJ.L) board looks poised to win a shareholder vote on Friday and deal a blow to its founder and long-term critic over the British low-cost airline’s plan to stick with a $5.5 billion plane order.

FILE PHOTO: Deserted Easyjet check-in desks are seen at Nice international airport during the outbreak of the coronavirus disease (COVID-19) in Nice, France, May 20, 2020. REUTERS/Eric Gaillard/File Photo

Stelios Haji-Ioannou, whose family is easyJet’s biggest investor with a 34% stake, wants to oust the CEO, finance chief, chairman and another director, arguing their plan for the airline to

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Jim Cramer warns renewed U.S.-China trade tensions worry investors

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CNBC’s Jim Cramer on Thursday said the stocks of companies with ties to the Chinese economy brought the market down as Wall Street cools off from recent gains.

Global technology plays — the ones doing business in China — were among the biggest losers on a day where the major averages took a break from their rally. The Dow Jones Industrial Average closed down about 102 points, or 0.4%, to 24,474.12. The S&P 500 and Nasdaq Composite both pulled back just shy of 1%.

“The market may have been hit, but today’s action was still pretty upbeat about the U.S.

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