Cramer Remix: If we see another pullback, buy this sector

Cramer Remix: If we see another pullback, buy this sector

After U.S. crude oil prices hit a three-and-a-half-year high on Tuesday, CNBC’s Jim Cramer drilled down on why investors should’ve seen it coming. The “Mad Money” host pointed to an April conference call at oil giant Schlumberger led by its CEO, Paal Kibsgaard. On the call, Kibsgaard said that supply and demand were in balance, but that global crude stocks were still below the five-year average. The CEO argued that these data signaled that oil…

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Rent the Runway CEO: People should think about their closets like stock portfolios

Rent the Runway CEO: People should think about their closets like stock portfolios

Rent the Runway may be a private company, but co-founder and CEO Jennifer Hyman told CNBC that people could benefit from viewing her retail disruptor like they view stocks. “People should think about their closets like they think about a stock portfolio,” Hyman told “Mad Money” host Jim Cramer on Tuesday. “There are things you want to invest in, you make those investments and those are your blue chips. So you should invest in a…

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This watch turns your arm into a touchscreen

This watch turns your arm into a touchscreen

Researchers at Carnegie Mellon University and ASU Tech have come up with an idea for a projector watch that turns your arm into a touchscreen. The LumiWatch prototype uses a built-in, 15-lumen laser projector to display a smartphone-sized interface on the user’s arm. It can be swiped and tapped like a traditional touchscreen. The watch has custom software that removes image distortion and calibrates the screen for each user. The battery will run for an…

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Trump risks fumbling on North Korea, Iran and China

Trump risks fumbling on North Korea, Iran and China

President Trump lately has juggled three related international challenges perilous enough to test the deftest diplomat. Suddenly he’s at risk of fumbling all three. His nuclear summit with North Korea may not happen, his trade confrontation with China has yielded little, and his decision to scrap the Iran nuclear deal has not produced a realistic path toward a new one. If the president possesses the deal-making skills he touts, he has succeeded mostly at concealing…

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Michael Cohen’s business partner, Evgeny Freidman, agrees to cooperate as part of plea deal: NYT

Michael Cohen’s business partner, Evgeny Freidman, agrees to cooperate as part of plea deal: NYT

Evgeny Freidman, a business partner of President Donald Trump‘s lawyer Michael Cohen has agreed to cooperate with prosecutors, The New York Times reported Tuesday. That cooperation by the “Taxi King” Freidman could spell very bad news for Cohen, who is the subject of an ongoing criminal investigation by federal prosecutors in New York City. The Times suggested that Freidman’s cooperation “could be used as leverage to pressure Cohen to work with the special counsel,” Robert…

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White House official: Not clear how much sensitive info GOP lawmakers will get from DoJ on FBI informant

White House official: Not clear how much sensitive info GOP lawmakers will get from DoJ on FBI informant

A meeting scheduled for Thursday will include negotiations over how much sensitive information GOP lawmakers will see regarding an FBI informant who reportedly spoke to members of the Trump campaign about possible Russian attempts to breach the campaign, according to a White House official. It is unclear how much information the lawmakers – House Intelligence Committee Chairman Devin Nunes and House Oversight Committee Chairman Trey Gowdy – will actually get access to at the meeting…

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Why JPMorgan CEO Jamie Dimon puts work ‘literally last’ on his priority list

Why JPMorgan CEO Jamie Dimon puts work ‘literally last’ on his priority list

JPMorgan Chase CEO Jamie Dimon is the chairperson of one of the world’s most valuable banks. But that doesn’t mean he focuses all of his time and attention on work. In fact, in a wide-ranging interview with CNBC‘s “Squawk Alley,” Dimon says his secret to a successful life is to prioritize his family. “I’ve always said family first, country second, JPMorgan literally last,” says the 62-year-old father of three. Though Dimon is quick to add…

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Trump’s demand that China cut its US trade deficit by $200 billion defies the laws of economics

Trump’s demand that China cut its US trade deficit by $200 billion defies the laws of economics

President Donald Trump‘s demand that China cut its trade deficit with the U.S. by $200 billion in two years is tall order politically. It also defies the laws of economics. On Tuesday, the president walked back comments over the weekend from Treasury Secretary Steven Mnuchin essentially calling a “truce” in the emerging trade war with China. The administration has threatened to impose steep tariffs on Chinese goods entering the U.S. unless Beijing engineers a $200…

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Consumer Reports will retest Model 3 if Tesla improves braking distance

Consumer Reports will retest Model 3 if Tesla improves braking distance

Consumer Reports will re-evaluate Tesla‘s Model 3 if the electric car maker improves the vehicle’s braking distance, the publication’s director of automotive testing told CNBC on Tuesday. Tweets from Tesla CEO Elon Musk on Tuesday morning appear to show the automaker may take some steps to address the issue within days. It was was one of the major factors that kept the publication from recommending the car, Jake Fisher, director of automotive testing at Consumer…

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SoFi will get crypto investing by 2019, says CEO Anthony Noto

SoFi will get crypto investing by 2019, says CEO Anthony Noto

SoFi CEO Anthony Noto says the “modern finance” company wants members to be able to invest in cryptocurrency as soon as 2019. “We want to accelerate our investment in some new products, one of which is our wealth products, and we want to add cryptocurrency to that,” Noto said on CNBC’s “Power Lunch.” SoFi, short for “Social Finance,” targets millennials with an array of modern banking products that Noto says help millennials “achieve financial independence…

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