While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday afternoon as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
"I think the Fed's doing it wrong," the "Mad Money " host said on Monday. "I think that they should be selling their Treasurys. Get out of that game. Give us a little more inflection. They have historically refused to do that."
In a May 2017 meeting, the central bank announced a plan to stop reinvesting the proceeds it received from maturing debt into more bonds, instead deciding to set limits on how much it will allow to roll off each month without reinvesting.
"I think [Fed Chair] Jay Powell's a very smart guy and he's going to figure out, 'Maybe we should just sell these Treasurys,' " Cramer said. "It would be remarkable what it would do for the banks, what it would do for the liquidity of the system, and it would make it so that we were no longer in this manipulated world. It would be a true market with true price discovery."
President Donald Trump has expressed concern about the Fed's rate hikes, telling CNBC earlier in July that he is "not thrilled" about its trajectory so far.