Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
The launch comes as Apple's laptops have been criticized for a keyboard that users say breaks easily and results in key presses that cause characters to double up or not...Tech Driversread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Donaldson was chief of staff to former White House counsel Don McGahn, who on Tuesday defied the Judiciary panel's subpoena to testify about special counsel Robert Mueller's...Politicsread more
As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses, Ascena is turning to...Retailread more
The U.S. State Department's current offer is the final one, according to multiple sources.Politicsread more
CNBC's Jim Cramer said investors who bought Apple ahead of its first-quarter report made the right gamble.
The "Mad Money" host typically does not recommend buying a stock ahead of earnings, in case the company delivers a bad report. But the tech giant did not disappoint on Tuesday.
"Not only did Apple deliver a nice top- and bottom-line beat, but China, the major source of weakness last quarter, is turning around," Cramer said. "When I spoke to [CEO] Tim [Cook] about it, I was surprised how bullish he was."
While iPhone sales were down 17%, Cramer pointed out that Apple management said it picked up at the end of the quarter. Growth in the wearables segment and the nascent services business could make for a great second quarter, he added. Apple held its quarterly conference call after the market closed Tuesday.
Shares of Apple fell 1.93% during the session. The stock climbed 5% in after-hours trading.
"Apple bought back billions of dollars worth of stock with an average price of $167," he said. "Now it makes sense, too, as did the possibility that some enterprising analysts might soon realize, that the lifetime value of the service stream of an iPhone user … may turn out to be the greatest annuity of all time."
Cramer said there were some bad trades made Tuesday. On zero news, many individual stocks, particularly in the packaged goods sector, rallied but lost those gains soon after, he said.
"Look, when the stock market does something stupid, that's your opportunity to take the other side of the trade and do something smart," Cramer said. "I don't like the market to denigrate itself. I do like it [today] 'cause it gave you a chance to buy Apple."