A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
After Sandisk's high-profile bomb last week that left Jim Cramer thinking technology stocks were dogs, he is willing to have a change of heart and take a second look.
To start, he looked at the world's largest supermarket of technology, Avnet. The company is the No. 1 distributor of electronic components, and one of the largest distributors of IT hardware and services. Cramer called it the "Costco of tech."
Avnet reported a 6 cent earnings beat from a $1.21 basis on Thursday morning, with higher than expected revenues. The "Mad Money" host is impressed with this considering that it has taken a major hit on its sales in Europe thanks to a weaker .
Cramer sat down with Avnet CEO Rick Hamada to find out how Avnet managed to be so successful in Asia and Europe, considering the strong headwinds that most companies are facing.
"I've talked in past quarters about the momentum we have built in our components business in Europe," said Hamada. "It's a combination of excellent execution, as well as taking advantage of some new opportunities, new investments we have made such as our MSC acquisition and it's also about gaining some market share."
Hamada explained that their components business, which is primarily concentrated in central Europe around Germany, is doing better than the average. Additionally, the company's IT business has also proved its strength in the United Kingdom.
Going forward, Avnet will also play a central role in the "Internet of things." This refers to the movement around technology, in which everyday objects will offer connectivity to the Internet.
Read more from Mad Money with Jim Cramer
Cramer Remix: Avoid stocks getting crushed by this
Cramer: Beware damage of euro in the US
Cramer: The Box IPO—call your broker immediately
"The Internet of things is real; we are seeing it happening. We are thinking about the connections all the way from the sensors to the servers, and the entire spectrum that Avnet can offer across those opportunities…There is a wealth of opportunity across that total value chain," Hamada said.