Cramer sees biotech stocks as a refuge in the coronavirus-driven market plunge
"I look at these drug companies and I think, 'Wouldn't that be a great place to go if the market really falls apart?'" CNBC's Jim Cramer said.
"I look at these drug companies and I think, 'Wouldn't that be a great place to go if the market really falls apart?'" CNBC's Jim Cramer said.
The Dow Jones Industrials fell more than 800 points within minutes of the market open on Monday as investors scurried to safer assets after a surge in coronavirus cases outside China stoked fears of a bigger impact to global growth.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Monday called the coronavirus outbreak "scary stuff" but said that it was no time to sell stocks despite the threat of a pandemic.
The U.S. Supreme Court on Monday refused to hear Apple Inc's bid to avoid paying about $440 million in damages for using patent licensing firm VirnetX Inc's internet security technology without permission in features such as FaceTime video calling.
The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a fired former Florida employee of the pharmacy chain who asked not to work on Saturdays for religious reasons as a member of the Seventh-day Adventist Church.
Several sectors of Germany's manufacturing sector are expecting a shortness of supplies from the Far East region in the coming weeks due to the outbreak of the coronavirus in China, business association BDI said on Monday.
Half of the states in the U.S. have passed laws to tax subscriptions to digital streaming services like Netflix and Spotify to raise revenue, and more are likely to follow.
U.S. stock index futures tumbled on Monday as investors scurried to perceived safe-haven assets after a surge in coronavirus cases outside China stoked fears of a bigger impact to global economic growth.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Monday called the coronavirus outbreak "scary stuff" but said stocks remain a good long-term investment and that he won't sell stocks despite the threat of a pandemic.
Oil prices slumped by 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the impact on demand for crude.
Berkshire Hathaway chief Warren Buffett called out bank stocks as one of his favorite equity holdings in the U.S. market.
Oil prices fell 4% on Monday, as the rapid spread of the coronavirus in countries outside China added to investor concerns about the impact on demand.
Juul Labs Inc is halting sales in Indonesia, citing concerns that it can't stop retailers from selling its high-nicotine e-cigarettes to young people in a largely unregulated tobacco market.
Insiders note an "eerie" calm at Boeing Co's 737 MAX factory, formerly a bustling hub that has helped fuel the aviation industry's record growth over the last two decades.
Warren Buffett said on Monday that negative headlines, including on the coronavirus outbreak, do not dampen his view that stocks are a good place for many people to invest for the long-term.