As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
Delta is gathering more data from customers than ever in hopes of avoiding customer service problems and increasing customer satisfaction, its CFO says.At Workread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
As "Mad Money" heads into its 10th year, Jim Cramer has a tip for investors on how to beat the market. While some skeptics say it's not possible to consistently beat the market, Cramer knows if you pick the best stocks of the best companies with the strongest management, and you do the homework—it is possible.
"Let me reiterate the main point I've been trying to make for as long as I've been on television: not all stocks are created equal. Some are a heck of a lot more equal than others," the "Mad Money" host said.
One best-in-breed company on Cramer's list is Starbucks. This stock has shot through the roof and nearly quadrupled since the first "Mad Money" episode, up 274 percent. And to boot, it's up 17,300 percent since it went public in 1992. Wowzer!
The staggering performance is thanks largely to the company's visionary, CEO Howard Schultz.
Starbucks stock has been roasting up a storm lately, partly due to the low price of coffee and partially because of the amazing earnings announced in January. It has also taken the Chinese market by storm, with more than 1,600 stores in the country and 300 in Shanghai alone.
What could be the key to success for this company that seems to only roar higher? To find out, Cramer went straight to the source and spoke with Schultz.
The CEO said the secret to success in both the U.S. and China is people; the people behind the counter make the difference.
"From the very beginning we started out not as a franchise system, but as a company-owned system. We recognized early on that that if we were going to be a company-owned system that the cultural values and guiding principles, mainly our people, are going to be the equity of the brand," Schultz said.
In the very early days, Schultz understood the link between shareholder value and the value of his people. This was evident when Starbucks recently introduced its college achievement plan and raised wages for its employees.
"Success is best when it is shared. Every time we raise value for a shareholder, we raise value for our people. And that is the way we have been doing it all over the world."
Read more from Mad Money with Jim Cramer
Cramer Remix: All eyes on Apple Watch
Cramer: Best way to protect a declining portfolio
Cramer's game plan: The trick to Apple's ecosystem
Those same principles were also applied by Schultz when entering the Chinese market. Three years ago, most thought he was crazy when he introduced annual family meetings to show respect to employees' parents and children.
"What we have established in China is no small feat. I think over time there will be thousands of stores, and it is very possible that one day China will be larger than the U.S. market. But I also think this is a challenging environment," Schultz added.
His long-term view on China has allowed the company to thrive, and Schultz clarified that while there may be a few hiccups along the way, Starbucks is just getting started.