Cramer's love for stocks

Mad Money host Jim Cramer shares the story of how he came to love stocks and says the stock market's a long-term contest and the earlier you get in the more you can win.

  • Hiker's dramatic video of two snakes fighting reveals rare sight
    Science
    CNET

    Hiker's dramatic video of two snakes fighting reveals rare sight

    Most hikers would hightail it upon spotting two snakes fighting on a path. Arkansas hiker Dawn Kelly decided to record the snakes on her smartphone instead, creating the kind of video most of us would rather watch from a safe distance. The unusual thing about this snake battle royale, however, isn't that Kelly managed to record it unscathed, but that the two snakes, a copperhead and a cottonmouth, shouldn't have been fighting at all. According to Alabama Auburn University herpetologist David Steen, male snakes often fight in something called a "combat dance" over female snakes. But until now, no one has recorded evidence of two different species of male snakes fighting, according to the BBC.

  • Business
    U.S.News & World Report

    8 Ways to Tell If You're in the Middle Class

    Are you considered part of the middle class? Here are eight tests to determine if you're still middle class. If your family of three earns between $41,869 and $125,609 a year, you're in the middle class, according to a 2015 Pew Research Center analysis.

  • How new technology could replace millions of call center jobs in the Philippines
    Business
    Newsweek

    How new technology could replace millions of call center jobs in the Philippines

    You need help with your bank account or advice about your mortgage. You call the help line. And then, after a lengthy wait, tapping more information into your phone and being transferred to the right department, you reach a call center worker, an actual human being. By that point, however, you might not be feeling warm and patient. Usually, the person absorbing your frustration is in the Philippines—the call center capital of the world. (For years, India had more call center workers than any other nation, but more recently U.S. companies began relocating to the Philippines, where people speak American English, rather than the British variety.) The country is 12 or 13 hours ahead of Eastern Standard

  • Behind the life and death of a star money manager accused of insider trading
    News
    Business Insider

    Behind the life and death of a star money manager accused of insider trading

    About a year before Sanjay Valvani's wife found him dead inside his Brooklyn Heights home, the star money manager learned he was under investigation for insider trading. Valvani drove profits at Visium Asset Management, an $8 billion New York hedge fund that had been on the rise.

  • In Lawsuit, More Young Women Accuse Trump of Being a Sexist Pig
    Sports
    The Fiscal Times

    In Lawsuit, More Young Women Accuse Trump of Being a Sexist Pig

    Donald Trump’s tactically dubious decision to continue his attacks on a former Miss Universe over her weight gain following a disastrous performance in the first presidential debate have caused the question of his treatment of women to flare up yet again. The latest flare-up apparently prompted the Los Angeles Times to go digging through depositions filed as part of a class action lawsuit against a Trump golf club in California in 2012, where reporters unearthed multiple examples of former Trump employees testifying that Trump had, both personally and through the atmosphere he created at his property, engaged in extremely sexist behavior toward women, some of them quite young, who worked for him. The lawsuit, Messerschmidt v. Trump National Golf Club, was not actually about sexual discrimination or mistreatment, but about work hours.

  • A looming sears bankruptcy could obliterate its landlord seritage
    Business
    The Street

    A looming sears bankruptcy could obliterate its landlord seritage

    Prospects that Sears Holdings (SHLD) could be bankrupt within two years soon could send investors in real estate investment trust (REIT) Seritage Growth Properties (SRG) running for the exit. Shares in Seritage are up about 28% this year even amid signs that the REIT, spun off from Sears last year to raise about $2.7 billion in cash, could face serious cash-flow problems if Sears goes under. The latest questions about Sears' viability arrived on Wednesday, when Fitch Ratings said the company posed "significant default risk" within the next 12 to 24 months due to years of weak store traffic and high levels of debt. At issue for Sears, which is battling declining cash flow amid a prolonged stretch of losses, is repaying some $2.8 billion in high yield bonds and institutional term loans coming due in the next few years.

  • American Airlines' new uniforms causing hives, headaches
    Business
    Chicago Business Journal

    American Airlines' new uniforms causing hives, headaches

    With great fanfare, American Airlines introduced new uniforms on Sept. 20. Now the outfits are giving the world's largest carrier and hundreds of its employees real headaches. Really. Sources report that more than 400 AA flight attendants have informed their union and company management that they have broken out in hives and begun to experience itching and headaches since they first slipped into the new uniforms — the first new designs for many in the airline's employee ranks in decades. An AA spokeswoman confirmed that the company has received complaints about the new uniforms, which the company, at this juncture, believes may be related to a wool allergy among some affected employees The spokeswoman

  • Boeing nears wide-body jet sale to Qatar Airways: sources
    Business
    Reuters

    Boeing nears wide-body jet sale to Qatar Airways: sources

    Qatar Airways is in the process of firming up the order, which it was due to have placed at July's Farnborough airshow, but which was delayed by the Qatari government in an effort to speed up U.S. approval for the fighter contract, one of the sources said. Bloomberg reported that the deal was for at least 30 Boeing 777 and 787 jets, valued at about $6.7 billion at list prices. Boeing declined to comment and Qatar Airways was not immediately available to comment.

  • 'I interviewed over 100 people at Goldman Sachs, and this was the biggest mistake job candidates made'
    Business
    Business Insider

    'I interviewed over 100 people at Goldman Sachs, and this was the biggest mistake job candidates made'

    Before cofounding Solemates, a brand of women's shoe-care products, in 2009, Becca Brown worked at Goldman Sachs for almost six years. Brown, who has a bachelor's from Harvard University and an MBA from Columbia, spent a lot of time interviewing job candidates at Goldman, where she held various roles, including analyst, wealth adviser, and chief of staff. "I interviewed anywhere from 20 to 30 job candidates a year.

  • News
    Associated Press Videos

    Witness: Train Engineer Slumped Over

    An eyewitness to the commuter train crash in Hoboken Thursday morning says he saw the train's engineer slouched over the engine cab. (Sept. 29)

  • TM
    Reuters

    Toyota drops diesel from new model, signals likely phase-out

    By Laurence Frost PARIS (Reuters) - Toyota has decided to drop diesel engines from its new C-HR compact in the wake of Volkswagen's emissions scandal and will probably do the same for future model renewals, the carmaker's second-ranking global executive said on Thursday. The Japanese automaker decided "within the last six to 12 months" not to offer a diesel version of the car, unveiled at the Paris auto show, because demand for the powertrain technology is falling sharply, Executive Vice President Didier Leroy told Reuters in an interview. If faced with a renewal decision today for other models up to and including the larger Auris compact, a Toyota staple, "we would probably do the same thing", Leroy added.

  • Sephora Is Launching Their Most Beautiful Class Yet
    Business
    InStyle

    Sephora Is Launching Their Most Beautiful Class Yet

    As if we didn't already have enough reasons to love Sephora (seriously, we could never name them all), the beauty retailer is doing something really incredible for women who are embarking on a major life transition. Putting a philanthropic spin on the beauty education they've been serving up in stores across the country, Sephora will launch what they are calling Classes for Confidence.

  • Vanguard PRIMECAP Fund: An Active Fund Endorsed by an Index Fund King -- The Motley Fool
    Business
    The Motley Fool

    Vanguard PRIMECAP Fund: An Active Fund Endorsed by an Index Fund King -- The Motley Fool

    In 1984, Vanguard's founder, John Bogle, seeded the Vanguard PRIMECAP Fund with $100,000 of his own money. Over the following three decades, the actively managed Vanguard PRIMECAP Fund would turn his original investment into more than $5.5 million, or twice what it would have become if it were invested in the S&P 500. Its record of topping the market's return has persisted to this day. The Vanguard PRIMECAP Fund beat the S&P 500 by an average of three percentage points per year over the last 15 years with its stockpickers' simple strategy of buying out-of-favor growth companies and holding them for a decade, if not longer.  The recipe is simple: PRIMECAP hopes to identify companies that have

  • This OPEC deal shows that Saudi Arabia's oil strategy has 'backfired on them'
    Business
    CNBC.com

    This OPEC deal shows that Saudi Arabia's oil strategy has 'backfired on them'

    "The big takeaway is how into a corner the Saudis have backed themselves. This whole plan has backfired on them. They're going to be bearing most of the cutback if they pull it off, and they've had to really kowtow to the Iranians in this whole thing," Kilduff told CNBC's "Power Lunch." In April, OPEC members and Russia met in Doha, Qatar, to hammer out a deal to freeze production at January levels. But Saudi Arabia scuttled that plan when its regional rival, Iran, refused to participate. Ahead of the meeting in Agiers, Saudi Arabia softened its stance, reportedly offering to cut its own production if Iran agreed to freeze its current output at roughly 3.6 million barrels a day. On Tuesday, the

  • Report: DirecTV parent AT&T to phase out satellites in 3 to 5 years
    Technology
    Denver Business Journal

    Report: DirecTV parent AT&T to phase out satellites in 3 to 5 years

    AT&T Inc. – which is expected to premier its streaming service DirecTV Now later this year – reportedly will work to make streaming its primary TV platform by 2020. AT&T last year acquired satellite-TV service DirecTV, which has a large Colorado footprint. Under the timeline, as reported by Bloomberg, DirecTV set-top boxes and satellite dishes could be obsolete in three to five years. Bloomberg cites people familiar with the plans. Dallas-based AT&T (NYSE: T) has claimed no allegiance to satellite TV technology from day one of its $48.5 billion acquisition of DirecTV, but it hasn’t publicly provided any definitive answers or a timeline on a migration of its 25 million video subscribers toward

  • Cramer: The negative effect that Deutsche Bank will have on your money
    Business
    CNBC.com

    Cramer: The negative effect that Deutsche Bank will have on your money

    The first scenario that Cramer said could happen is that Deutsche Bank's credit lines could get pulled, causing it to fall, and take down other banks with it. Many banks lend money to one another, and the presumption will be that money should not be lent to Deutsche Bank right now. The collapses of banks in the recent financial crisis were not caused by depositors pulling out cash, but by credit getting cut off, Cramer said. That is what happened on Thursday. This is the systematic risk that many fear. If this happened, Cramer expects a multi-day decline in markets around the world. Cramer thinks the German government will likely not allow this to happen. "However, until we know that for sure

  • What Donald Trump Doesn’t Seem to Understand About US Nuclear Weapons
    Politics
    The Fiscal Times

    What Donald Trump Doesn’t Seem to Understand About US Nuclear Weapons

    Donald Trump and Hillary Clinton didn’t agree on much during their acerbic debate faceoff earlier this week, but one of the topics on which they found common ground was nuclear weapons. Then he went on to criticize America’s nuclear capabilities compared to those of Russia. What Trump saw “the other night” might have been a 60 Minutes report last Sunday that suggested the risk of nuclear conflict was rising as Vladimir Putin’s Russia looks west, sees weakness and thinks that in a conflict with NATO, a nuclear strike might shock the alliance into submission.

  • COST
    CNBC Videos

    Costco to open 9 stores before end of 2016

    Earnings are out for Costco. CNBC's Seema Mody reports the details. CNBC senior markets commentator Mike Santoli and Stephanie Link, TIAA Global Asset Management, weigh in.

  • Robert Shiller: There's ‘always reason to worry’ about a coming collapse in housing
    Business
    Seana Smith

    Robert Shiller: There's ‘always reason to worry’ about a coming collapse in housing

    US home price gains slowed slighting in July, as many on Wall Street are speculating that the Federal Reserve will raise rates before the end of the year. The recent surge in real estate demand has pushed home prices near their pre-crisis peak in 2006, which is making it increasingly difficult for new home buyers to enter the market. Home sales fell 0.9% in August from the previous month, according to the National Association of Realtors.

  • Alarm symptoms missed in bowel cancer emergency patients
    Health
    BBC News

    Alarm symptoms missed in bowel cancer emergency patients

    One in five bowel cancer patients diagnosed in an emergency had "red flag" symptoms that should have been picked up earlier, a study in the British Journal of Cancer suggests. And 16% of emergency bowel cancer patients had seen their GP three times or more with relevant symptoms. Overall, these symptoms were less common in patients diagnosed at an emergency stage rather than earlier on. The study looked at data on diagnoses in England from 2005 to 2006. The researchers, from University College London and the London School of Hygiene and Tropical Medicine, focused on what had happened to patients in the five years leading up to their cancer diagnosis. They analysed National Cancer Registry data

  • Why California’s New Retirement Savings Plan May Become a National Model
    Business
    Money

    Why California’s New Retirement Savings Plan May Become a National Model

    A new state retirement saving plan has just been launched in California, which could help millions of workers—both in the state and around the country. California Gov. Jerry Brown on Thursday will sign a bill that establishes a state retirement savings plan called Secure Choice. The launch of an auto-IRA by California, the largest state, adds major momentum to a burgeoning movement to improve retirement security for workers without 401(k)s or other employer plans.

  • Business
    Forbes

    No Bluffing: Amazon Is Shopping For A Logistics Partner

    In business as in poker, it can pay to be unpredictable. And make no mistake, bluffing works well in situations where the stakes are high and the bluffer has a better stack than opponents. That said, bluffing only works when your opponents don’t suspect you’re doing it, so the more analysts speculate about whether Amazon has the chips to bluff or bully companies the size of UPS and FedEx into making costly errors, the less it’s likely to happen. Amazon has been building out its logistics capacities at a scale indicative of a hedge strategy (it can sell its excess capacity by the piece or by the pound to whoever and whenever). Yet despite how fully hedged its bets may be, it remains vulnerable.

  • Patient Apple investors will be rewarded
    Business
    The Street

    Patient Apple investors will be rewarded

    Shares of Apple  ( AAPL) have been consolidating for the last two weeks. The stock's powerful rally off the Sept. 12 spike low ran out of steam after reaching the $116 area five days later. This healthy action will likely continue in the near term and with it will bring much lower entry opportunities for Apple bulls. Apple's surge off this month's low began with a gap lower open on Sept. 12. The stock dipped down to within pennies of its 200-day moving average. By the close, Apple was up 2.25% for the day, a rebound that carried quite bit of upside momentum with it. This surge drove shares past multiple layers of supply, including the August high and the initial 2016 peak set back in April. By

  • 10 Worst College Majors for Your Career
    Business
    Kiplinger.com

    10 Worst College Majors for Your Career

    Going to college promises the opportunity to further your education, meet new people and get a taste of independence. It does not guarantee a lucrative career after graduation. While it's true that a worker with a bachelor's degree typically earns 67.7% more than someone with just a high school diploma, according to the U.S. Bureau of Labor Statistics, what you study can be a better indicator of your future employability and earnings potential. We analyzed data for 215 popular college majors, looking at the typical starting and mid-career salaries expected from each. We also examined recent online job postings seeking candidates with those majors, as well as long-term growth expectations for

  • Ex-Fox anchor's doctor backs sexual harassment claims against Ailes
    Business
    Reuters

    Ex-Fox anchor's doctor backs sexual harassment claims against Ailes

    An ex-Fox News anchor told her therapist that former network chairman Roger Ailes sexually harassed her, two years before she went public with the allegations that the company said she made up, a document filed in court on Wednesday said. Lawyers for Andrea Tantaros filed a statement in New York state court in Manhattan from the therapist, who said Tantaros spoke to her about the harassment in 2014. Tantaros sued Ailes and Fox News, a unit of Twenty-First Century Fox Inc in August.