Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
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
When Janet Yellen speaks on Friday, Jim Cramer thinks she could make a case for a strong economy that is ready for multiple rate hikes.
"I bet a small tightening will turn out to be a buying opportunity, even as there are always weak-handed traders who sell on any rate increase," the "Mad Money" host said.
When Cramer listened to the stellar Toll Brothers earnings conference call on Tuesday, it was clear to him why the housing market is doing so well. Toll Brothers dominates the high-end real estate market, building homes that average $843,000.
The company bought back approximately 7 percent of its shares in the first nine months of the fiscal year, but what really impressed Cramer was the geographical breadth of its strength. It managed to thrive in markets like Denver and Dallas, even though they were supposed to be hurt by slumping oil prices.
"You have to remember … housing punches above its weight. Meaning, when housing is strong it leads to all sorts of good things for the economy, including the desire to spend money improving your house in order to augment its worth," Cramer said.
It was the combination of nationwide home price appreciation and consistent monthly gains that catapulted Toll Brothers' stock up almost 10 percent on Monday and Tuesday.
This was important, Cramer said, because until Toll Brothers reported there was a perception that the high-end home business was becoming weaker. Therefore, many assumed that home appreciation hit a ceiling and housing had peaked.
Stellar earnings from retail companies related to housing told Cramer that this theme is here to stay. Strength in Home Depot could mean good things for companies like Whirlpool, Stanley Black & Decker, Masco, PPG, Sherwin-Williams and any other retailer with goods that fill peoples' homes.
However, Cramer emphasized that if Yellen does make a case for multiple rate hikes, investors need to remember that the trends driving the nationwide gains — like strong employment and loosening credit — won't be crushed by a quarter-point gain.
"Keep this steady flow of good news in mind as everyone else frets about what Janet Yellen has to say on Friday, and remember that these kinds of stocks are logical places to go, if indeed, a September move is back on the table."