In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
Apple's iOS 13.1 will be released on Sept. 24, six days earlier than previously announced.Technologyread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
The move could bring a welcome salve to farmers caught in the crosshairs of the trade war if it results in a reopening of the market.Politicsread more
The pilot program will deliver food and beverage, over-the-counter medications and other items within minutes, the company said. Prescription deliveries will not be available.Health and Scienceread more
Check out the companies making headlines in midday trading:Market Insiderread more
Many may think that artificial intelligence will eventually make human capabilities obsolete, but CNBC's Jim Cramer wanted to refine that theory.
"I get the sense that when it comes to the power of artificial intelligence, we're thinking way too small," the "Mad Money" host said. "We don't understand that AI might hold the key to all of sales if we simply learn how to harness it."
After all, the amount of relevant, useful data in the world is multiplying rapidly. Companies that can effectively interpret that data will have a much better sense of how to run their businesses.
Cramer found sports, particularly baseball, to be a practical comparison. Fans marveled when Boston Red Sox Hall of Famer Ted Williams played a season with a batting average of .400.
But that meant that the average amount Williams got it wrong was .600, Cramer said, a dismal statistic anywhere but in a competitive sport.
"What would happen if we had artificially intelligent baseball players?" Cramer wondered. "I'd argue that eventually, they'd all bat a thousand and we'd simply have to figure out how to keep the ball in the park. That's why robots will never be allowed to play baseball."
Artificial intelligence and big data will soon let companies to bat a thousand, Cramer said.
As of today, the only companies that Cramer has seen truly harness AI are Netflix, Amazon and Spotify. They will truly bat a thousand when the time comes by knowing what's coming and being some of the few services that consumers pay for without a second thought, he said.
But it won't be an easy fight to the top, as the CEO of top chipmaker Applied Materials told Cramer on Thursday. Since the total addressable markets for artificial intelligence are so large, an array of competitive players in every industry are incentivized to fight for a winning spot.
"To use another baseball analogy, it's like steroids — once somebody starts juicing, anyone who wants to remain competitive has to jump on the bandwagon," he explained. "Artificial intelligence is like steroids for your business."
As such, companies will need top-of-the-line semiconductors, communications equipment and data centers to seriously compete in their industries, he explained.
"That means it really is different this time," Cramer said. "In other words, artificial intelligence isn't cyclical. It's not boom-bust. It really is a secular, long-term transformation, which makes owning anything in the big data space ... in any way, shape or form [is] the place to be. Not for now. Not for next quarter. But for years to come."