The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Investors should be careful not to buy or sell stocks based on last week's brief inversion of the yield curve in the bond market, CNBC's Jim Cramer warned Monday.
Cramer was skeptical about buying the Dow Jones Industrial Average's 300-point advance shortly after the open on Wall Street, which was playing out against the backdrop of continuing bond yield stabilization.
"Everything seems like a trap now," Cramer said on CNBC's "Squawk Box." "It was a trap to sell off the inverted, and now they have to go buy back on the uninverted. What happens if we get inverted again?"
On Wednesday, stocks tanked after the 10-year Treasury yield briefly inverted and dipped below the 2-year for the first time since before the 2008 financial crisis and subsequent Great Recession.
Such a move has preceded every recession over the past 50 years.
"The idea that we uninverted the yield curve is something that lasts for, who knows, like an hour," the "Mad Money" host said, facetiously, arguing against reading too much into the inversion theory.
Over the weekend, White House trade advisor Peter Navarro played down Wednesday's inversion, saying technically it was more flat than inverted. For a true inversion, he contended, the spread would need to have been much larger. President Donald Trump said he does not see a recession on the horizon.
If the Dow were to hold on to its early gains by Monday's close, it would erase all of Wednesday's 800-point sell-off, the worst single session of the year.
Cramer said he understands why investors might be suspicious of the economy, given the track record of inversions as recession indicators and the concerns about global economic growth due to the U.S.-China trade war.
Cramer said he hears more doom and gloom in the media than he does from companies. "I do feel like things are worse when I listen to people talk, than reality," he said.