Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The stream is slated to start at 2:30 pm ETThe Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on May 1 after the Fed's previous policy-making meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If you're concerned about what Wednesday's Fed decision means for your bank account, mortgage loan or credit card — as well as student debt, home equity loan and car payment —...Personal Financeread more
The Federal Open Market Committee's quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.The Fedread more
Employees spoke out on issues like forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
The Federal Reserve lowered its inflation forecast for 2019 while keeping the growth expectations unchanged.The Fedread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
In the announcement, the iPhone maker said it would stop breaking down the sales results for its individual products.
"My advice now is to let this stock settle down. Give the sellers who don't believe [CEO] Tim Cook's explanation a couple more days to get out. Then, if you don't own it, I'd start buying it," the "Mad Money" host and longtime Apple bull advised. "Remember, Apple has the world's biggest buyback and next week I bet you they will be in there repurchasing this stock right alongside you."
Shares of Apple slid 6.63 percent on Friday after falling in Thursday's after-hours trading. Wall Street analysts took issue with Apple's decision to stop issuing individual product results and the company's muted forecast, which was tied to timing issues related to its new iPhones.
But Cramer said he didn't blame Apple for its decision to stop breaking down its product results and reiterated his call to value the Cupertino-based giant as a consumer products company rather than a technology hardware provider.
"As I told you earlier, I still believe you should own Apple, not trade it, " he said. "I regard Apple as the greatest consumer packaged goods play on earth — like a better version of Procter & Gamble — and you don't see Procter & Gamble giving you the number of Gillette razors it sells every quarter. "