Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
The Libra will also be well-received in economically depressed areas of the United States, said Cramer.
Earlier Tuesday, Facebook announced the Libra coin, which will launch next year and will be run by a nonprofit association supported by a range of companies and organizations, including the social media giant. Facebook also revealed a new unit called, Calibra, which will host a digital wallet by the same name for storing and exchanging Libra. Calibra will eventually be a way for Facebook to make money on the currency.
Libra will use the blockchain technology underlying bitcoin on other cryptocurrencies. The goal is to make it as easy to send money across the world as it is to send a photo. But unlike bitcoin and other digital coins, Libra will be backed by government money.
Cramer recalled a trip last year that he made with J.P. Morgan chief Jamie Dimon to a "tougher part of Philadelphia" where the bank was trying to make inroads. The "Mad Money" host said, "All you saw were check-cashing outlets," charging high fees to the so-called unbanked. Libra will be a welcome tool for people in the U.S. and globally who can't or won't use banks to store their money or make transactions, he said.
Cramer added it will also help workers living in high inflation nations avoid seeing their money "constantly debased by the Venezuelan government, by governments that are irresponsible."
Last year, Venezuelan leader Nicolas Maduro implemented a monetary system overhaul that resulted a few months later in runway inflation above 1.3 million percent. Last week, Venezuela began issuing currency in denominations of 10,000, 20,000 and 50,000 bolivars. Before the Maduro changes, the largest banknote in circulation was 500 bolivars.
"If you're in one of those currencies that are terrible, I think it's brilliant," Cramer said. "Forty-eight percent of the world is in currencies that are terrible."
Disclosure: Cramer's charitable trust owns shares of Facebook.