Under CEO James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations.Financeread more
Treasury Secretary Steven Mnuchin said a call between U.S. and China trade officials is scheduled for later on Thursday.Marketsread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Three candidates calling for a mixed approach also co-sponsored Sen. Bernie Sanders' 'Medicare for All' bill.2020 Electionsread more
Here are the biggest calls on Wall Street on ThursdayInvestingread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Cramer spoke moments after the digital currency spiked through $11,000, according to industry site CoinDesk, hours after surpassing the $10,000 level for the first time. Bitcoin has surged more than 1,000 percent this year.
"Even if you believe in bitcoin, the velocity of the move is a sign that it is parabolic. And parabolic moves don't last," Cramer said on "Squawk on the Street. "
"And I know that when I look at that, I say to myself, 'OK, if I owned it, what would I really be doing?'" Cramer added. "And the answer is when you have that big of gain you have to take some profits. That velocity is crazy."
Cramer's comments on bitcoin resembled that of closely followed trader Art Cashin. Cashin, UBS director of floor operations at the New York Stock Exchange, said Monday that the cryptocurrency has reached "parabolic" levels, and the cryptocurrency has some at the Federal Reserve worried.
"I think we're in the fear-of-missing-out phase now," Cashin said on "Squawk on the Street." "I think initially there was some concern. I am told — and take this with a huge grain of salt — that the movement is even beginning to worry some people in the Federal Reserve."
Earlier Wednesday, William Dudley, president and CEO of the Federal Reserve Bank of New York, said the Fed is exploring the idea of its own digital currency, according to Dow Jones.
Bitcoin has risen as exchanges such as the CME Group and Cboe Options announced plans to launch futures contracts for the currency.
—CNBC's Evelyn Cheng and Reuters contributed to this report.