Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
This is as much about the pressure that U.S. components suppliers are exerting on the government as opposed to punishing Huawei, Crawford Del Prete, president at IDC.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday afternoon as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
"Most of the companies I've talked to, Mr. President, are saying [the slowdown] is because of your tariffs," Cramer said on "Squawk on the Street. " "I'm not hearing people blame the Fed as much as they're blaming tariffs."
Cramer's reaction was to Trump's tweets Friday morning, saying the central bank should end its "crazy" tightening moves.
Trump has been a vocal critic of the Fed and its chairman, Jerome Powell, whom he nominated, since central bankers raised interest rates four times last year. The president has repeatedly called for the Fed to cut rates.
That's a move that Wall Street thought New York Fed President John Williams was indicating Thursday, after he said the central bank needed to "act quickly" in times of economic distress. However, a spokesperson later said Williams was drawing from research, not hinting at what may happen at this month's meeting.
Even though Wall Street is considering a Fed cut to be almost certain later this month, it's Trump's tariffs that companies are remembering, Cramer said. "People have forgotten the December hike," which happened when markets were melting down at the end of 2018.
The president is "going to have the rate cut," predicted the "Mad Money" host. "Don't rub it in Powell's face anymore."
Washington and Beijing have been engaged in a trade war for the past year, and each side has stepped up retaliatory measures on one another in the past few months. Trump slapped 25% tariffs on $200 billion worth of Chinese goods in May, and he continues to threaten duties on an additional $325 billion of goods.
It's been a costly move for the world's second-largest economy, with China reporting it grew just 6.2% in its second quarter. This coincides with a global economic slowdown, debt ceiling negotiations and a lack of inflationary pressures, all putting stress on the U.S. economy.