Jim Cramer predicts 'U' shape recovery, says economy 'will bounce back gradually'

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Jim Cramer predicts 'U' shape recovery, says economy 'will bounce back gradually'

“Without a V-shaped recovery, you have to be skeptical of these big moves higher,” CNBC’s Jim Cramer said Tuesday. “Because in a U-shaped recovery I’m expecting, the stock market will pull back again and that is when you can put some money to work,” …
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OSF HeathCare to implement pay cuts, reduce staff

PEORIA (WREX) — OSF HealthCare will make pay cuts and reduce staff as it struggles financially during the COVID-19 outbreak. The health system announced Tuesday it would reduce salaries of top executives by at least 5 percent, with some leaders taking …
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N. Carolina tech company to create close to 1200 new jobs

A North Carolina company that sells communications software to technology firms for conferencing and message applications plans to create nearly 1,200 jobs in the state over the next eight years, the state Commerce Department announced on Tuesday.
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Permian Producer Says 20% Texas Output Cut Might Not Be Enough

Chief Executive Officer Matt Gallagher said Tuesday in a Bloomberg TV interview he's willing to reduce his own company's oil output by 20% if others
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TAL Education Plunges in After-Hours on Sales Fraud Disclosure

TAL Education Group ADRs (TAL) – Get Report plunged in after-hours trading Tuesday after the Chinese education company disclosed a case of apparent sales fraud by an employee. The company said in a statement that it “discovered irregularities and …
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