James Bullard said he dissented on this week's Fed decision to lower rates by a quarter percentage point because he didn't think the cut was big enough.The Fedread more
More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
"I feel like I've contributed all I can to this primary election," he told MSNBC's "Morning Joe." "And it's clearly not my time. So I'm going to end my presidential campaign."2020 Electionsread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
The complaint made by an unnamed intelligence official about the president centers on Ukraine, the Washington post reported.Politicsread more
Apple CEO Tim Cook greeted iPhone 11 customers at the reopening of the Fifth Avenue Apple store on Friday. CNBC also took a tour inside. Here's a look.Technologyread more
The Pentagon on Thursday said the recent attack on Saudi Arabian oil facilities were "sophisticated" and represented a "dramatic escalation" in tensions within the region.Defenseread more
U.S. stock futures are modestly higher, with the S&P 500 just a little more than 20 points away from July's all-time high ahead of Friday's open on Wall Street.Marketsread more
Bank of America says Amazon's plans to build its own fleet of carbon-neutral delivery trucks bode well for its bottom line.Investingread more
The show comes as social media platforms and legacy media companies alike have launched a flurry of original content alongside new streaming platforms like Apple TV+ and...Technologyread more
Pivotal Research Group began coverage of Roku with a sell rating on FridayInvestingread more
Cloud stocks took a tumble during the trading session that was potentially fueled by investment funds raising cash to get ready for the next big initial public offering, CNBC's Jim Cramer said Thursday.
While the tallied its first six-day winning streak in more than a year, the biggest cloud names were in the red including ServiceNow, which lost more than $10 on the day, and Salesforce, which fell more than $4.
"If you own a diversified portfolio, today was good day, but if you had too much concentration in the cloud names well this was pretty bad day," the "Mad Money" host said.
Lyft shares, after falling near $66 per share after its public debut Friday, closed up nearly 3% at $72, its initial IPO price.
Cramer said it's his "biggest fear" that growth funds are selling stocks to prepare for the looming IPOs that will be handled by firms that want to avoid botching the deal as Lyft's.
"It makes sense when you look at the performance of today's big deal, Tradeweb, a financial services-slash-technology company that jumped gigantically and in an orderly fashion," he said. "I think some funds could be selling the cloud stocks so they have capital to participate in these IPOs."
Get Cramer's full thoughts here
Investors made a move on industrial stocks in anticipation that a U.S.-China trade agreement is near completion, Cramer said.
The world's two largest economies reportedly made progress in trade talks this week, and stocks gained on the news. The Dow Jones Industrial Average, powered by Boeing's nearly 3% rise, added more than 166 points on the session and the gained 0.2% for its first six-day winning streak in more than a year.
The Nasdaq, on the other hand, shed 0.1% .
"While I'm very skeptical about these negotiations with China, because I know that [the U.S.] wants to keep the tariffs on no matter what, the stock market is saying: 'hey, a deal is a deal,'" Cramer said. "This kind of positivity seems counterintuitive in the face of the conventional wisdom about this market."
Read more here
GrubHub will continue investing in its long-term strategy and differentiate itself in the crowded online food ordering space even as its stock faces pressure, CEO Matt Maloney told CNBC.
"I have always been willing to be extremely aggressive investing in the future," he said in a Thursday one-on-one with Cramer.
Cramer noted that Wall Street is "short-sighted" and typically frowns upon news that a company will make investments because investors are less inclined to buy into the long-term view.
GrubHub's stock is down about 9% in 2019 and off more than 50% from its all-time high in September.
"It's the cost of being public," Maloney said, shrugging off those concerns.
Intuit has a new management team. Cramer said the company's leadership seems to be executing, but cautioned that the stock is a bit expensive as it has run up dramatically.
It's up more than 33% in 2019.
"The story's all about conviction. If you believe in Intuit's strategy, if you think they'll be able to blow away the numbers, then the stock's worth buying even up here," he said. "But if you don't have that kind of conviction in an unproven management team, at least yet, I can't blame you for taking a pass on this one."
Go deeper here
Constellation, which makes Corona and Modelo beers, has a 38% stake in the cannabis company, which is the largest medical marijuana producer in Canada.
"If you look at Canada alone, Canada is on a run rate of $5 [billion] to $6 billion in sales, and Canopy is the leading player in that market," Newlands told Cramer. "Then you add in new form factors later this year in things like beverage and other edibles, we think the sky's the limit. This is going to be a big business, and Canopy is going to be the leader."
Read more on the interview here
VF Corp.: "I think Vans is doing so well that you're going to do quite well. I'm thrilled they're getting rid of the jeans business, that is too competitive."
Office Properties Income Trust: "I gotta look into that. That's a stunning decline. It's gotten a little better this year, but I gotta find out exactly what they merged with that nobody likes. That's a cheap stock, we're going to come back."
Anadarko Petroleum Corp.: "I have a conference call next Friday for members of the ActionAlertsPlus.com club. Last conference call I beat myself up severely about how Anadarko turned out to not have what I wanted in terms of growth. This quarter I think will be much better. A 2.6% yield, good balance sheet. I think Anadarko's fine. I think you make six bucks in it."
Okta Inc.: "You now I like those guys. That stock at one point was so hammered today, you couldn't look at it. It was like looking at a total eclipse of the sun. Yeah, so I think that, you know, that's the one that's the identity software. It's kind of a Salesforce spawn. I like it very much, but remember it's a long-term play."
Disclosure: Cramer's charitable trust owns shares of Salesforce.com