“The deflation trade resurfaced, which means money flows back to the insurers like AIG, MetLife, and Allstate will always do,” Cramer said. The stock of Incyte, another biotech, climbed higher even after reporting what Cramer called “a miserable quarter.” Consumer products stocks like Clorox, PepsiCo, and Kellogg also rallied after reporting earnings, though Cramer noted that Kellogg’s was nothing to write home about. “Don’t get too comfortable with this rotation, though, because tomorrow we get

Intel CEO Brian Krzanich says this is the best time in history to buy a PC 9 Hours Ago | 09:27As Intel has restructured its operations over the last several years, other areas have outshone the PC business, Krzanich added. “The products you’re going to see over the next couple of years are going to just wow you,” he told Cramer. Moreover, Krzanich said the company’s recently announced purchase of the Israeli-based autonomous car company Mobileye will give Intel a leg up in the fast-growing self-

Okay, so the highly flawed GOP Obamacare replacement bill has passed the House of Representatives. But as it stands now, it has virtually no chance to get a 51 vote majority in the Senate. It simply does not fix the growing problems with Obamacare and actually makes them worse by increasing its fiscal liabilities. The GOP bill does not eliminate these so-called “essential benefits” and instead allows individual states to apply for waivers to approve health plans that do not include them. Someone

However, the CBO found the GOP’s first bill would leave 24 million more Americans uninsured by 2026. And those left without coverage are still going to be sick, David pointed out. “Where’s the money going to come from?” That’s because those policies don’t necessarily mean better care, said Davis. “Cheaper policies will make people not have coverage for very important things like prevention, like mental illness,” he said.

HBO said that the writers will explore different time periods in Martin’s “Game of Thrones” universe. “There is no set timetable for these projects,” the company said. “We’ll take as much or as little time as the writers need and, as with all our development, we will evaluate what we have when the scripts are in.” Weiss and David Benioff will continue on as executive producers on all of the projects, but will be taking a break from writing about Westeros following the show’s eighth and final sea

OPEC is widely expected to extend production cuts that initially boosted oil futures above $50, but prices just keep falling. That announcement could boost prices by $2 or $3 a barrel, said John Kilduff, founding partner at energy hedge fund Again Capital. Thursday’s sell-off sent U.S. crude prices below $46 a barrel, while Brent futures slumped to under $49. U.S. West Texas Intermediate crude oil 3-day performanceEarly losses fueled by technical selling accelerated after OPEC sources told Reute

U.S. oil production has been surging, and that and the recent return of some Libyan oil to the global market has exasperated the still oversupplied market. Futures on Brent, the international benchmark fell through the psychological $50 per barrel mark, an important threshold for the global market. U.S. oil production has risen to 9.3 million barrels per day, according to the latest U.S. data. If it wasn’t for the reduction in supply coming in from the global producers, instead of $50 oil, you c

And that’s pretty problematic when people think they’re getting something that’s cheap with good value, but in reality they do not.” Money is pouring into funds with “value” in their names, including ETFs such as the Vanguard Value ETF (VTV) or the iShares Russell 2000 Value Index (IWN), a trend to which the authors turn a gimlet eye. “Determining the correct intrinsic value of a company is a complex exercise requiring a variety of information and skill. It could be argued, however, that “value

Democrats and interest groups vehemently condemned the Republican proposal to replace parts of Obamacare, after the bill passed the House on Thursday. Earlier, the GOP-sponsored bill passed the House by a vote of 217 to 213. Elizabeth Warren and Bernie Sanders lambasted the proposal, saying it was a health-care bill in name only. Warren said the amended proposal is even worse than the original bill and will “devastate Americans’ healthcare.” Sanders said the bill “has nothing to do with health c

After taking the first step to replace Obamacare on Thursday, top Republican congressmen aimed to cast their move as a victory for Americans. Dozens of House Republicans gathered at the White House Rose Garden with President Donald Trump to celebrate their health-care bill’s narrow approval by a 217 to 213 margin. As the bill got sent to the Senate – where it faces more skeptical Republicans and potentially major changes – House Republican leaders joined Trump for a victory lap. House Speaker Pa

Hillary Clinton is living up to her new role as “part of the resistance.” When the first Republican health-care plan failed, Clinton said it was a “victory for anyone who believes health care is a human right.” She cited a figure from the Congressional Budget Office, which estimated that 24 million people would become uninsured under the GOP plan. Trump invited House Republicans to the White House to celebrate, pledging that premiums and deductibles would come down. Watch: Hillary Clinton declar

Productivity, as measured in economic terms, is essentially a measure of how much product comes from labor and investment. For the first quarter, productivity in the U.S. declined 0.4 percent, according to government data issued Thursday. That translates into yearly improvement of just 1.1 percent — better than the flat growth seen over the past several years but still lagging. “While the data has been weak relative to expectations, it hasn’t necessarily been weak, so it’s not as though the econ

Marko Kolanovic shared his views on the market and quantitative investing strategies in an exclusive interview for CNBC PRO with Mike Santoli. On market volatility: “Short term we think volatility will probably drift higher,” Kolanovic said. If you look at the leverage or the equity positions in some of these systematic strategies, they are pretty high,” he said. The strategist also accurately predicted the S&P 500 would hit 2,300 on President Donald Trump’s election victory. He also discusses:Q

The bill provides up to about $15 billion a year in funding for the high-risk pool through 2026. Analysts at Avalere Health estimate that funding could cover about 600,000 people. The House bill would leave Obamacare credits tied to premium costs in place for next year. For healthier younger people in rural states with lower health costs, the new credits could be more generous. For lower-income, older enrollees in higher cost states, the new credits could mean a big cut in premium assistance.

One of the key provisions in the health care overhaul bill narrowly approved by House Republicans Thursday would grant broad powers to the states to decide how insurance coverage is managed and paid for. If the bill survives intact in the Senate, that means your future access to health care may depend heavily on where you live. After more than seven years of coverage under the Affordable Care Act, the GOP-controlled House voted to repeal parts of the law in a mostly party-line vote, 217 to 213.

But sometimes, a copy is just so well-made that the human eye can’t tell it from the original. It then employs the technique of deep learning to compare the images against a vast database that includes top luxury brands and if the bag is deemed authentic, users immediately get a Certificate of Authenticity. Other investors include New York University, deep learning pioneer Yann LeCun, and Japanese venture capital firm Accord Ventures. “We’re choosing to start with second-hand re-sellers initiall

Finance leaders of Japan, China and South Korea agreed to resist all forms of protectionism in a trilateral meeting on Friday, taking a stronger stand than G20 major economies against the protectionist policies advocated by U.S. President Donald Trump. “We will resist all forms of protectionism,” the communique said, keeping a line that was removed – under pressure from Washington – from a G20 communique in March when the group’s finance leaders met in Germany. China has positioned itself as a s

“Normally, ‘I could be totally delusional’ is not a phrase you want to hear from a CEO, but Musk has enough confidence to pull it off,” Cramer said. Or take Baird analyst Tyler Frank, who asked the CEO if he thought it was still achievable to produce 1 million cars by 2020. And then I think a million units is quite likely, combined, yeah, maybe more.” Cramer wondered why Musk stopped at “maybe more,” and not “definitely,” if he was speaking aspirationally. Mad Money Twitter – Jim Cramer Twitter

The U.S. Department of Justice has begun a criminal investigation into Uber Technologies Inc’s use of a software tool that helped its drivers evade local transportation regulators, two sources familiar with the situation said. The Times report triggered a barrage of negative publicity for the company. The criminal probe could become a significant problem facing the company that is already struggling with an array of recent business and legal issues. The nature of any potential federal criminal v

Under the agreement, Australia is to resettle refugees from three Central American countries. Trump and Turnbull were all smiles as they answered questions about the January phone call and the refugee deal during a picture-taking session. Turnbull added: “We can put the refugee deal behind you and move on.” Trump said the refugee deal had been “worked out for a long time” and that reporters had exaggerated the phone call. Trump vowed to visit Australia as president, calling it “one of the great,