A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
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
Many market commentators will try to explain why the stock market kicked off 2019 with the best January in decades, but CNBC's Jim Cramer stressed on Friday that the move wasn't tied to historical patterns or the calendar.
Investors have to remember that, when it comes to the stock market, history seldom repeats itself, Cramer said. That's why he worries about market-watchers who try to "gin up" patterns in the stock market, because they tend to lead people astray.
"I say each year stands on its own. I don't know a soul who predicted that disastrous December we just went through, " he said. "This was a nauseating, out-of-nowhere, and, most of all, short bear market, and it was very much the Fed's creation. Almost no one saw it coming because no one thought the Fed would do what it did. In fact, all I heard going into the fourth quarter was the opposite: when the market's doing well for the year going into September, you're going to end the year strong. Another useless so-called truism."
Click here to read his full take.
Investors should prepare to do some buying in the week ahead as still-strong job growth and a patient Federal Reserve continue to improve the outlook for stocks, Cramer said Friday after a day of modest gains for the averages.
"We're still basking in the glow of a Fed gone pragmatic, while employment stays strong and inflation is tame. That's the ideal backdrop for stocks," he said. "I say be ready to buy the next dip, because 2019, which was supposed to ... be the year the business cycle finally keels over, may turn out to be surprisingly rewarding."
"The guys at Elliott have some great ideas that could potentially make shareholders a lot of money. At the same time, eBay's management team is a lot better than you might think if you were only looking at the stock's recent performance," he said. "If eBay and Elliott can work together, then, like Humphrey Bogart and Claude Rains in Casablanca, this could be the beginning of a beautiful friendship."
In the last year, eBay has gone from posting strong results to delivering imperfect quarters, which has led to a good deal of destruction in the stock. Shares of the online marketplace are down nearly 26 percent in the last 12 months.
Click here to find out how Cramer thinks Elliott can help ebay turn itself around.
From Adidas to Ford to football gear giant Ridell, Carbon's partners tend to be much more high-profile than the billion-dollar 3D-printing company itself, Carbon co-founder and CEO Joseph DeSimone told Cramer in a Friday interview.
That's because Carbon's unique technology is not only made for mass-market use, but it's more advanced than some of its 3D-printing counterparts'. DeSimone likened the process behind its football-helmet-printing partnership with Ridell to setting up braces with Invisalign: an ultra-specific scan followed by a series of cloud-based calculations.
"We've had a player on just about every team [in the NFL] for the second half of the season" wearing Carbon's helmets, DeSimone told Cramer ahead of the Super Bowl.
And that's not all Carbon offers: it also makes traceable running shoes with Adidas, dissolving surgical implants with Johnson & Johnson, and just unveiled the first 3D-printed parts on a production vehicle with Ford, the CEO said.
Click here to watch DeSimone's full interview.
The CEO of the largest payroll processor in the United States thinks the economy is humming along and "has a lot of momentum" going into 2019, he told Cramer in a Friday interview.
"The economy feels like it has a lot of momentum when you look at our jobs data and you look at wage growth," Carlos Rodriguez, the president and CEO of ADP, said after his company's joint jobs report with Moody's Analytics.
As for the border wall debate in Washington, which caused the longest-running government shutdown in history, "it's hard to imagine that this is going to be [anything] other than a pothole in the road," Rodriguez said. "So I'm very optimistic that things will continue and the momentum will continue."
The CEO spoke after ADP delivered the best earnings-per-share growth and margin improvements that it's had in "many, many years," which was helped by steady employment and wage growth, he told Cramer.
Click here to watch his full interview.
In Cramer's lightning round, he zoomed through his responses to callers' stock questions:
Pilgrim's Pride Corp.: "I think it is a bit of a bottom-feeder there. Now, Tyson reports next week. I happen to like this one more than Tyson. It is a $5 billion company. I'll go with you on that one. I'll go with you. "
Kemet Corp.: "That's an inexpensive capacitor stock. I'm going to go with you. It's a very inexpensive stock, particularly after the cohort's moved up."
Disclosure: Cramer's charitable trust owns shares of Alphabet and Disney.