A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Ireland has become the main regulator enforcing rules on how big tech companies collect and process user data under Europe's privacy law called GDPR.Technologyread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
Apple may have impressed investors with its fiscal third-quarter earnings, but CNBC's thinks "the ultimate consumer products company" ought to have a price-earnings multiple to match.
"There are many metrics Apple uses, this has a 17 multiple. How is that possible?" Cramer said on "Squawk on the Street." "That is insane."
Even though consumer goods company Proctor & Gamble reported 1 percent organic growth, Cramer noted, P&G's multiple of 19 still exceeds that of Apple. That organic growth is nowhere near Apple, he added.
Cramer has previously suggested Apple should be considered on par with top consumer goods companies and their mid-20s multiples for a number of reasons, not least of which are the tech behemoth's die-hard fans.
"Remember right when that face recognition [in the iPhone] X came out; $1,000 for a phone? But it turned out ... people will pay for it. So we [Apple] will offer it at that price. It's supply and demand," Cramer said Wednesday morning after Apple's strong earnings after the bell on Tuesday.
Cramer thinks Apple could afford to raise prices, at least for its AirPods earphones, which consumers are eating up, even though they were once considered "weird teardrops."
"The only thing they're making a mistake on is supply and demand and the AirPods. They could charge because they can't make them fast enough, still," Cramer said.
Shares of Apple were about 5 percent higher early Wednesday, with a stock market value approaching $1 trillion, after the company posted big beats on earnings per share and the average iPhone selling price.
Apple is "very much a new 'FAANG,' the added 'A,'" Cramer said.
The "Mad Money " host popularized the term FANG, referring to the technology powerhouses Facebook, Amazon, Netflix and Alphabet's Google. The second "A" for Apple has been added to the acronym over time by many market watchers.