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CNBC
11 minutes ago
- CNBC
Jim Cramer tells investors to 'stay the course' even when it feels tough. Here's why
CNBC's Jim Cramer reviewed Tuesday's stock market action and advised investors to stay in the market despite the geopolitical environment. Otherwise, he said, they might miss out on winning sessions. "People just can't seem to process the most important three words in the investing lexicon: 'stay the course.' Nobody wants to stand pat when they think they can get out and then jump right back in. That's incredibly difficult." Tuesday 's session saw the S&P 500 and the Nasdaq Composite close at record highs as investors celebrated a weaker-than-expected inflation report that could allow the Federal Reserve to cut interest rates. According to Cramer, some investors didn't profit from Tuesday's market moves because they were too pessimistic about certain problems. He said issues that cause investors to sell usually aren't remedied until after stocks have already rallied, so it's hard to re-enter the market. Cramer looked back at recent events that concerned some on Wall Street, including the promise of sweeping tariffs and President Donald Trump's firing of the head of the Bureau of Labor Statistics hours after the agency shared a weak employment report. Cramer said he doesn't necessarily agree with the White House's decisions. However, he suggested that a move by Trump that seems "outrageous" to some is not a reason to sell stocks — especially after the gains banked on Tuesday. He said he thinks most of Trump's actions can be undone if they become problematic, adding that the CEOs of Nvidia and Apple have managed to make make deals with president. "More important, I just can't relate most of this stuff to the companies themselves and the profits they make. They're making tons of money, more than ever," he said. "They're giving you a tremendous return. They've figured out how to change their supply chains, how to deal with a mercurial president — thank you, Jensen Huang and Tim Cook — and they do what's necessary to help you make money." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Yahoo
an hour ago
- Yahoo
Trump Administration Extends China Tariff Pause for 90 Days
President Donald Trump has extended the tariff ceasefire with China by another 90 days. Hours before the trade truce between the nations was due to expire, a White House official told CNBC that the president had signed an executive order renewing the terms of a May deal brokered by trade officials in Geneva for three more months. More from Sourcing Journal Tariffs to Push US-Bound Ocean Cargo Down 5% in 2025, NRF Says Tariff Ticker: Clock Winds Down on China-US Tariff Truce Trade Tensions Dent Lenzing's Recovery Plans The agreement established 30-percent tariffs on China-originating imports into the United States and 10-percent duties on U.S. exports to the country, replacing much higher, triple-digit bilateral duties threatened by both Beijing and Washington in April. Earlier in the day, the president played coy about the status of the deal, telling reporters, 'We'll see what happens.' Trump characterized his relationship with Chinese President Xi Jinping as 'very good.' China's Foreign Ministry likewise expressed optimism about a deal on Monday morning. Spokesperson Lin Jian told reporters that a recent talk between the heads of state had gone well. 'We hope the U.S. will work with China to implement the important common understandings reached by the two presidents during the phone call, make good use of the economic and trade consultation mechanism, and work for positive outcomes on the basis of equality, respect, and mutual benefit,' he said. Separately, chipmakers Nvidia and AMD agreed to pay the American government 15 percent of their revenues from sales to China as a means of securing export licenses for Nvidia's H20 chip and AMD's MI308 chip. The president said previously that sales of the chips to China should be blocked due to national security concerns. Sign in to access your portfolio
CNBC
2 hours ago
- CNBC
CNBC Markets Now: August 12, 2025
CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.
