President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
With turmoil hitting markets overseas lately, Jim Cramer reviewed the necessity for geographical diversification in a portfolio. And he doesn't mean just picking stocks based on international exposure by sector.
Over the years, Cramer learned that the traditional way of diversifying — picking stocks using industry sectors — is no longer going to work. A new world with new challenges requires a new way of categorizing stocks.
Thus, he recommended a diversified portfolio consisting of high-yielding stocks, growth stocks, speculative stocks, gold and stocks from a healthy geography.
What does a healthy geography mean? Previously, Cramer would have recommended adding foreign exposure to a portfolio. But now that he has seen the damage left behind from Europe, China and the emerging markets, he tweaked that definition.
"What you really need is a stock that is in a safe geography. At times, when the United States is growing more slowly than the rest of the world, you need something international — and not just something that does a lot of business overseas," he said.
Cramer means a company actually headquartered in a foreign country. The "Mad Money" host referred to a safe geography because foreign stocks are not always a good idea.
Sometimes, when it seems like the world is falling apart, the domestic security of the U.S. will shield your portfolio from the dangers of the rest of the world.
Essentially, in times of international turmoil, that slot in your newly diversified portfolio should be filled with something domestic, Cramer said. And in times of domestic turmoil, the slot should be filled with a foreign company.