It's about time to write off high-growth tech stocks, Goldman warned, saying software carries the highest multiples since the tech bubble.Marketsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Boeing said the airline industry will need 44,040 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Overall, extortion by email is growing significantly, according to the FBI's Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported...Technologyread more
Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other social media mentions, according...Retailread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
The top court scrapped a ruling from the Oregon Court of Appeals in favor of the same-sex couple. The owners of the bakery, which refused the make the cake due to religious...Politicsread more
Amazon responded this morning to Democratic Congresswoman Alexandria Ocasio-Cortez's claim that it pays warehouse workers "starvation wages" in a tweet that says it pays...Technologyread more
The nation's homebuilders reported solid confidence in the housing market in June, but levels dropped slightly due to concerns over trade issues, the high costs of...Real Estateread more
CNBC's Jim Cramer said Tuesday that it almost seems like Jerome Powell is being aggressive in his path to raise interest rates because the Federal Reserve chair wants throw a wrench in President Donald Trump's agenda.
"Maybe he wants Trump to lose," Cramer argued on "Squawk on the Street, " questioning Powell's motives. The Fed declined to respond to those comments. The White House was not immediately available.
The Fed has already raised rates three times this year, and one more is expected in December. Earlier this month, Powell said rates are a long way from so-called neutral.
Cramer also reiterated on Tuesday his argument that the central bank should increase rates one more time this year and then "wait and see." Powell "has to hike in December and then say, 'pause,'" he added.
On Monday night, Cramer said the only thing that can stop the market's recent plunge is the Fed changing course on interest rates or Trump ending his tariffs.
"My main fear is that we could have a mini version of 2008 if the Fed doesn't change course," Cramer said. "If Fed chief Jerome Powell actually starts listening to the stock market and wakes up to the damage that [Trump's] tariffs can do to the economy, then maybe he'll shift gears, just like [then-Fed Chairman Alan Greenspan] did in '98."