The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt. And growth is entirely dependent on Netflix's...Technologyread more
Prosecutors in Masschusetts have dropped a criminal case against actor Kevin Spacey, who had been accused of groping an 18-year-old man.Entertainmentread more
Yes, Netflix is losing "The Office" and "Friends" in the next two years. But that may not be a bad thing for the streaming company.Entertainmentread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
Trade negotiations between the world's two largest economies are stuck at a standstill, the Wall Street Journal reported Wednesday.Marketsread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
Dimon, chairman and CEO of J.P. Morgan, would need to be the one to bring Apple in since Buffett's Berkshire Hathaway owns a huge stake in the tech stock that could appear "self serving," said Cramer, whose charitable trust also owns shares of Apple. "It is really time for, I think, that ecosystem to embrace the Apple ecosystem."
Through their venture, Amazon's Bezos, Buffett, and Dimon are working on ways to cut health costs and improve services for their U.S. employees. The three titans hope that the sheer sizes of their companies will help bring the necessary scale and resources to tackle the health-care system's most pertinent issues.
Dr. Atul Gawande, a surgeon and professor at Harvard Medical School, is taking the lead on the new health-care company.
In an interview with Cramer that aired Tuesday night, Apple CEO Tim Cook teased that the company will announce new services this year, especially in the realm of health care. Apple has been investing in health and wellness in recent years as it capitalized on the success of its Apple Watch and hired dozens of doctors to bolster its health technology segment.
"I believe, if you zoom out into the future, and you look back, and you ask the question, 'What was Apple's greatest contribution to mankind?' It will be about health," Cook told Cramer.
Apple shares have been under pressure since the company lowered its first-quarter guidance last week, citing weakness in China's economy. However, Wall Street analysts had already been peppering Apple's stock with downgrades due to concerns that the company would suffer declines in iPhone unit sales over the next couple of years.
Cramer, whose has long warned his followers against selling Apple's stock, said last week the company could eventually bottom out at $120 per share. At the time, the stock was trading around $144. Apple shares jumped 2 percent to nearly $151 each on Tuesday.