The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute...Energy Commoditiesread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Yields slipped after Powell said the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations.Marketsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
A market sell-off can be followed down the road by another rally, but investors should be bracing themselves for more downside, CNBC's Jim Cramer said Thursday.
"I am pretty sanguine about this market longer-term, but the disciplined thing to do right now is to raise a little cash, prepare for a pullback ... and then get ready to do some buying again," the "Mad Money" host said. "Just like a gardener who cuts back plants in order to encourage growth, a sell-off can potentially breed a better market down the road."
Cramer said he worries about the "booming" IPO market. Beyond Meat, the plant-based cuisine maker that entered public markets Thursday, spiked 163% to an implied market valuation of $3.77 billion after its $46 share price debut. The host gave his blessing to buy the stock for no more than $35 a share, but said it's not a good sign that an unprofitable and unproven company traded at 50-times 2018 sales.
While the stock deserves to be red hot, Cramer said its movement showed that there is a "lack of discipline" and "excess of exuberance" in the IPO market. It could encourage more "reckless behavior" as seen in the debuts of Pinterest and Zoom Video, he added.
Pinterest is trading at 17-times 2019 sales, while Zoom is selling at 47-times sales, he noted.
Carmer said he does not endorse paying more than 10-times sales for any stock, even the fasts growers, because it could come back to haunt him in forthcoming quarters: "It's all fun and games until someone gets hurt."
"You don't make big money in IPOs like this Beyond Meat deal at the start of a major move. You tend to get this kind of action at the end, and I don't want anyone to get hurt here," he said. "That's why I think you should do some trimming and raise some cash ... You can put it to work if the market gets hit."