Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
General Motors stands to lose hundreds of millions of dollars in lost production as a United Auto Workers union strike against the automaker enters its second day, but Wall...Autosread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
"It is really a tale of pretty failed governance, almost of the highest order, short of something fraudulent," says the tech investor.Deals and IPOsread more
Private equity firm 3G Capital Partners discloses that it sold 25.1 million shares of Kraft Heinz, bringing its stake down by about 9%.Marketsread more
"That leads the developed world to say to China: 'We've got to rebalance this. It's working for you. It's not working for us,'" says the billionaire Blackstone co-founder.Economyread more
Microsoft founder Bill Gates added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg.Wealthread more
According to a new report, consumers ages 14 to 24 overwhelmingly prefer physical stores for shopping, largely for mental health reasons.Retailread more
Uber and Lyft drivers are protesting their pay and working conditions. CNBC spoke with the company's drivers about how their financial lives are faring.Personal Financeread more
It appears that investors have failed to realize that the "bear market" in stocks ended after Christmas Eve's washout on Wall Street, CNBC's Jim Cramer contended Monday.
"We came through a bear market," Cramer said on "Squawk on the Street," shortly after the opened lower. "I think people are still oblivious that the bear market ended on that horrible half-day" Dec. 24 session.
Stocks last month plunged in their worst Christmas Eve trading ever, with the sinking 2.7 percent and slipping into a bear market, which is defined as a decline in an index or asset of 20 percent or more from recent highs.
Since then, the S&P 500 has rallied nearly 10.5 percent through Friday's close. However, many analysts believe the market could still retest its lows, especially as earnings season kicks in.
Cramer has said he does not use the traditional definitions of a bear market and a correction — measured as a drop of 10 percent or more from recent highs — and instead focuses on individual stocks.
Cramer blames Jerome Powell for the stock market's losses late last year, arguing the Federal Reserve chairman stoked fears after his comments on Oct. 3 that rates were a "long way" from so-called neutral. The following month, Powell appeared to walk back those remarks, saying rates are "just below" neutral. Central bankers increased rates four times in 2018, and projected two more hikes this year.
However, on Jan. 4, Powell said central bankers "will be patient" on rates given continued muted inflation, touching off a strong rally of nearly 3.5 percent on the S&P 500 that day, and increases in four out of the next five sessions as of Friday.