American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
U.S. District Court Judge Richard Leon on Tuesday denied a Justice Department antitrust challenge to the AT&T-Time Warner deal, concluding that the government failed to meet its burden to establish that the transaction was likely to lessen competition substantially.
Shares of Time Warner were higher Wednesday after Leon cleared the way with no conditions for AT&T's $85.4 billion acquisition. AT&T's stock was about 2 percent lower.
Comcast is expected Wednesday to formalize its all-cash offer to acquire most of Fox as a result of the judge's ruling.
Cramer also said the verdict was an "embarrassment" for the Justice Department, adding the judge's 172-page document was essentially saying the DOJ "didn't know what it was doing."
However, Leon may have been too "vicious" toward the DOJ in his ruling, Cramer said. "This was brutal."
"This was the ultimate green light to any vertical merger," Cramer added.
AT&T has long argued that buying Time Warner won't reduce competition because AT&T's mobile network, satellite TV service DirecTV and high-speed internet solutions don't directly compete with any of Time Warner's content businesses, which include HBO, CNN and the Warner Bros. studio.
Still, Cramer was surprised by the court ruling and what it could mean for Wall Street in the coming weeks.
Tuesday night, the "Mad Money" host said: "I thought that there were going to be some strings attached. ... I thought the government made a better case than this. Now, this is a full-bore shutdown of the government's attempt to block this acquisition."
— Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com. Cramer's charitable trust owns Comcast.