The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
With the Federal Reserve deciding not to cut interest rates but leaving the door open for future cuts, experts are split on what comes next.Trading Nationread more
While Jim Cramer loves the public school system, the truth is that it cannot be relied upon to teach children about money.
"If you want your children to become fluent in the language of finance, you are going to have to do it yourself," the "Mad Money " host said.
That means not waiting until after kids go to college to teach them about financial literacy. Once kids go to college, they will be bombarded by credit card offers that could seem irresistible. Credit-card debt on top of student loans could send someone into debt for decades.
"In my view, the best way to make all of this dull personal finance medicine go down is with a spoonful of stock-picking sugar," Cramer said.
Read more from Mad Money with Jim Cramer
Cramer started with the recommendation that parents give their children the gift of stock in a high-quality company that resonates with younger people. One option is Disney, which has blockbuster movie franchises like "Frozen" and "Star Wars" under its belt.
The point of getting children interested in stocks early is to have parents instill a better way to think about money. Rather than viewing cash as something to be spent, Cramer wants children to learn that money is something that can be saved and invested to create more money.
"If you don't want to do this for your children, do it for yourself, because kids who can manage their own finances are kids who won't be begging you for moolah even after you have gone into retirement," Cramer said.