Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about...Market Insiderread more
About three dozen House Democrats have called for impeachment hearings on President Donald Trump, a billionaire's TV ads rip the House for "doing nothing," and legal experts...Politicsread more
The Trump administration on Friday invoked a rarely used provision in federal law to bypass congressional review of arms sales to Saudi Arabia, citing threats the kingdom...Politicsread more
"I think he was being a little rash when he started. Yes, I used the word 'rookie mistake,'" Cramer said Thursday on "Squawk Box. " Now the Fed chairman is doing "the sensible thing," Cramer added.
Powell has proven himself to be the "statesman that I knew him as before he was Fed chief," said Cramer, who had been highly critical of Powell ever since the central bank chief said on Oct. 3 that rates were a long way from so-called neutral. Those comments sent the market into a tailspin, with the S&P 500 in October logging its worst month since September 2011.
Speaking on Wednesday at The Economic Club of New York, Powell appeared to have walked back those earlier remarks, saying rates are "just below" neutral, perhaps indicting that concerns about a more aggressive path higher for rates may no longer be warranted. That sparked a strong rally on Wall Street, with the S&P 500 on Wednesday having its best session in eight months. The market was pulling back a bit early Thursday.
Shortly after the release of the prepared text of Powell's Economic Club speech, Cramer went on a tweet storm Wednesday, contending that Powell had "blinked" on rates. The Fed has already raised rates three times this year and another hike is expected in December.
The "Mad Money " host had warned last week that investors should sell their stocks if they think the Fed will raise rates in December. However, on Thursday, Cramer said the Fed's risk to the market has been neutralized for now.
Looking ahead, Cramer said investors should shift their attention to Saturday's meeting between President Donald Trump and Chinese President Xi Jinping at the G-20 summit in Argentina, and whether the two leaders can lay the groundwork for easing their trade tensions.