Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
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
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
When the stock of the biggest company on earth, Apple, rallied more than 6 percent on Wednesday — it was clear to Jim Cramer that analysts got it wrong.
Somehow the company that just sold one billion iPhones managed to fake-out almost everyone on Wall Street.
"I think I have solved the mystery. The chief pillar of the bearish case on Apple was the looming shortfall in cellphone sales," the "Mad Money " host said.
When Cramer sat down and read through the commentary from analysts, he found it filled with what he called "faux buy recommendations." These were analysts who already had one foot out the door, and made the assumption that because Apple hadn't ordered enough chips to make a lot of phones, there must not be demand.
Cramer believes all the analysts did was to stitch together commentary from Apple's usual suppliers, even though suppliers must mask results in order to keep Apple business.
The thesis was that if Apple did not place a lot of orders with the chip makers, than it would be stuck with inventory and may need to slash prices to get rid of the excess supply.
"What nobody thought about, what no one even imagined, is that maybe Apple didn't order enough chips because it underestimated the demand," Cramer said.
Perhaps Apple itself didn't realize how compelling its new phones were and didn't realize there would be more people switching from Samsung than ever before and upgrading from older phones.
In fact, Cramer said, it may have not realized how popular it is in places like Japan, India, Turkey, Russia, Brazil and Canada.
"That is really the only explanation for how so many analysts interpreted the data wrong," Cramer said.
Ultimately the facts did not add up for Cramer. He speculated that Apple may have even become too negative on its own prospects. After all, when enough people say a company doesn't know what it's doing, it is natural to become more conservative.
Apple's management became more conservative, and it ran into a high quality problem: too much demand.
"The bears masquerading as bullish analysts just got Apple wrong … They kept wanting to ask 'when is the funeral.' They left having to revise their estimates upward, not down. That wasn't in the plan," Cramer said.