Fmr. Treasury Secretary Mnuchin: I expect Fed will lower rates 75 to 100 basis pts over next year
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FedEx Corporation (FDX) Has A Warehouse With No People, Says Jim Cramer
We recently published . FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer recently discussed. FedEx Corporation (NYSE:FDX) is one of the largest courier and transportation companies in the world. Its shares have lost 17% year-to-date as weak earnings reports, coupled with trade and tariff uncertainties, have affected them. FedEx Corporation (NYSE:FDX) has also suffered due to the Trump administration's decision to revoke the de minimis exemptions, which meant that the volume of shipments sent to the US dropped significantly. In his previous remarks about FedEx Corporation (NYSE:FDX), Cramer has praised the firm's CEO. This time, he commented on the firm's warehouse operations: 'So I think that, there isn't anything in my mind that says that, you take warehouses being up, that employing people in warehousing and then you look at FedEx, which has got a gigantic warehouse in the Boston area with no people.' Previously, the CNBC TV host was full of praise for FedEx Corporation (NYSE:FDX)'s CEO Raj Subramaniam: 'UPS, look, one of the things that I've got to hand, FedEx, Raj Subramaniam was in there. Man, he's giving you numbers. And Subramaniam's a hitter, okay. We have a lot of hitters today. Kelly Ortberg, hitter. Who's a misser?' While we acknowledge the potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
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Ralph Lauren Corporation (RL)'s Isn't 'As Analogous' To Tapestry As You Think, Says Jim Cramer
We recently published . Ralph Lauren Corporation (NYSE:RL) is one of the stocks Jim Cramer recently discussed. Ralph Lauren Corporation (NYSE:RL)'s shares dipped by 3.9% in August after peer firm Tapestry warned that it would have to take a $160 million hit to its income statement due to tariffs. Like Tapestry, Ralph Lauren Corporation (NYSE:RL) is also a luxury apparel retailer, and investors were worried that business similarities between the two could also affect the firm's operations. Cramer's previous comments about Ralph Lauren Corporation (NYSE:RL) have praised the firm's latest earnings call but warned that investors were in no mood for stocks with tariff exposure. Here are his latest thoughts: 'Ralph Lauren getting hit for 12 off of Tapestry. And not really as analogous as you think. Here is what Cramer said about Ralph Lauren Corporation (NYSE:RL) after its latest earnings report: 'Today, something happened on the Ralph Lauren conference call that was a harsh reminder not to expect that this market cares at all about what's already happened. It only cares about what's going to happen next… I gotta tell you, I loved it. Patrice Louvet is an amazing CEO, and Ralph Lauren's been a terrific performer, a real standout in apparel. The actual quarterly results were phenomenal… Louvet was effusive about the business… which is what made me say this one could be a real winner today on Squawk on the Street. Copyright: nd3000 / 123RF Stock Photo I can't blame anyone, particularly the management of Ralph Lauren, for being cautious. So I buy the weakness in Ralph Lauren, but you have to recognize that this market is rushing headlong toward the stocks of companies with no tariff exposure and away from companies like Ralph Lauren.' While we acknowledge the potential of RL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Bessent Backtracks on Bitcoin: Treasury Committed to 'Budget-Neutral' BTC Buys
After saying earlier Thursday that the United States would not purchase Bitcoin for its planned strategic reserve, Treasury Secretary Scott Bessent apparently had a change of heart, again leaving the door open for potential purchases. "Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order," he wrote on X. "In addition, Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President's promise to make the United States the 'Bitcoin superpower of the world.'" Bessent said on Fox Business earlier Thursday that "we're not going to be buying that," in reference to Bitcoin for a strategic U.S. reserve. The comments contradicted previous statements from officials in the Trump administration. Established via executive order in March, Bessent said earlier on Thursday that the U.S. held between $15 billion and $20 billion worth of Bitcoin in its strategic reserve, and the government wouldn't be buying Bitcoin to pad out that stash—rather only holding on to seized funds. The comments sparked outrage among some industry onlookers, with one viral X post claiming that 'the Washington crypto lobby lied' about the initiative that represented one of President Donald Trump's biggest overtures to the crypto industry. Bitcoin hardly budged following Bessent's revised remarks, changing hands around $118,000 on Thursday afternoon, according to crypto data provider CoinGecko. Over the past 24 hours, its price has fallen 3.9%, from an all-time above $124,000 the day before. The Trump administration has shifted direction on crypto initiatives before. On the campaign trail, Trump initially floated a Bitcoin stockpile, but the initiative was later expanded to include other cryptocurrencies, including Ethereum, Solana, XRP, Cardano. Bitcoin, Ethereum Fall as PPI Shock Squashes Hopes for Jumbo Rate Cut Ultimately, Trump's executive orders created a strategic Bitcoin reserve that is separate from a digital asset stockpile containing other cryptocurrencies. White House Crypto Czar David Sacks told Decrypt in March that it was up to Bessent and U.S. Commerce Secretary to Howard Lutnick to 'determine if there are budget-neutral ways of adding to our Bitcoin reserve,' but so far, neither have given specifics. Editor's note: This story was updated after publication with additional details.
