The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal could be announced as soon as next week, according to the report.Technologyread more
Former NFL offensive lineman Jeff Hatch, who had previously been candid about his own struggles with opioid addiction and substance abuse, pleaded guilty Friday to a drug...Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Jim Cramer says recent developments in the oil business aren't getting nearly the attention they deserve.
"I'm talking about how the Commerce Department gave Pioneer Natural Resources and Enterprise Products Partners permission to export what's known as condensate, which is basically light crude oil put through a very cheap distilling process. "
Although these developments may seem a little wonky, Cramer said the broad takeaway is that sentiment is shifting at the highest levels of government.
"Under current law it's perfectly legal to export refined fuels like gasoline, but you're not allowed to export unrefined oil," Cramer said. "It's been that way since the OPEC embargo almost 40 years ago."
Although developments don't lift the ban outright, "Allowing some companies to export condensate suggests, at least to me, that the Obama administration is chipping around the edges of the export ban. If I'm right, that would be a huge positive for business," Cramer said. "In turn, I can see new guidelines coming that are more friendly to the industry."
Although it would take an act of Congress to lift the ban altogether, CEO Harold Hamm is committed to seeing it repealed. Of course, it would benefit his company significantly, however, on "Mad Money" Hamm added that, contrary to popular opinion, exporting crude should benefit US consumers, too.
That's because, "Prices at the pump are based off Brent which is significantly higher than WTI, the US benchmark" said Hamm. "Exporting WTI into the world oil market would lower the global price of oil. In turn that should send gasoline lower, not higher."
Read more from Mad Money with Jim Cramer
Cramer's 6 buyable themes in second half
Troubled stock about to breakout?
Cramer: Mother of all speculative stocks
Although nobody can see the future, Cramer said if Congress does lift the ban it could be hugely positive for both industry and consumers. What else is there to say, except Cramer told you developments were big.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the "Mad Money" website? firstname.lastname@example.org