Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
Asia Pacific markets traded mixed on Friday morning as investors remained worried over trade tensions between the United States and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Wednesday's sell-off can be blamed on Turkey, China and commodities, but investors should take advantage of cheap stocks instead of worrying, CNBC's Jim Cramer said.
The ongoing spat between Turkey and the United States about the detention of an American pastor has led the countries to levy tariffs on goods on each other. This issue will go away once President Donald Trump and Turkish President Recep Tayyip Erdogan find some kind of compromise and Turkey releases the pastor, according to Cramer.
And while the Turkish lira might have rallied on Wednesday, the country's ongoing problems meant that Europe took a hit because many of its banks have lent to Turkey, which is in the middle of a debt crisis.
The relationship between Europe and China means that Europe's sell-off carried over to China because of Turkey. Adding to China's problems is the trade conflict with the U.S., a slowing economy and regulation of the internet and technology company Tencent.
According to the Mad Money host, the U.S. market shouldn't be worried about the Turkish debt crisis.
"Our linkage to Turkey is almost nil," Cramer said. "At this point it's mostly just man-made headline risk."
Cramer advised investors to remember that commodities are now plummeting after companies worried about soaring prices. For Macy's, that means that the gross margin issues that it saw this quarter shouldn't affect the numbers being up for the year, Cramer said. Overall, lower commodity prices mean that gross margins won't decline, a good sign for U.S. companies.
"Should we just buy everything then? No," Cramer said. "The charts are bad and the technicians are losing it. Lots of stocks are held by weak hands, people who don't know what they own."