President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Apple's better-than-expected earnings prove that the tech giant has successfully transitioned from being known mainly as an iPhone maker to being a services business as well, CNBC's Jim Cramer said Wednesday.
"A lot of people gave up on the stock because they just viewed it as a handset company," said Cramer, whose charitable trust owns shares of Apple.
"Obviously what's happened in the last 18 months ... is it's become much more of a subscription stock," he added on "Squawk on the Street." "Once you get a person in the Apple ecosystem, that person just spends, spends, spends."
With its shares 5% higher Wednesday, Apple reclaimed its spot as the most valuable company by market cap. The company late Tuesday posted earnings and forward guidance that exceeded Wall Street's expectations. Its services business, which includes products such as iCloud, Apple Music and AppleCare warranties, made $11.45 billion, up 16% from the same time last year.
Apple has been placing more focus on its services as iPhone sales wane, but individual product lines are still critical for the company.
Cramer, who has long warned investors against selling Apple's stock, last year mocked numerous downgrades by Wall Street analysts. At the time, Apple was getting flack for lower iPhone unit sales. The "Mad Money" host said at the time that analysts failed to realize iPhone sales were still intact and revenues from services were strong.
"People are [now] looking at the company as much more of a service stream because by 2020 we will see a subscription growth of, say, 500 million people," Cramer said.