Qualcomm Inc: “It was painful to do, but I had to cut it back [for the Charitable Trust.]”
Cisco Systems Inc: “I’m going to hold onto it for the Charitable Trust.”
Disclaimer: Cramer’s Charitable Trust owns shares of Qualcomm and Cisco.
Cramer’s lightning round: I’m sticking by Intuitive Surgical
Business
Gap stock falls as retailer misses sales expectations, driven by decline at Athleta
Gap’s fiscal second-quarter revenue came in lighter than expected on Thursday but sales at Banana Republic far exceeded expectations as the brand’s turnaround begins to show results. The specialty apparel company behind Old Navy, Athleta, Banana Republic and its namesake banner saw comparable sales rise 1% during the quarter, weaker than the 1.9% rise that […]
Read More
Business
Nike to lay off about 1% of corporate staff in its latest effort to refocus the business
A Nike store in Hanoi, Vietnam, on July 3, 2025. Nhac Nguyen | Afp | Getty Images Nike is planning another round of layoffs as part of CEO Elliott Hill’s efforts to realign the business and get it back to growth, CNBC has learned. The cuts will impact less than 1% of Nike’s corporate staff. […]
Read More
Business
Pending home sales tick lower in July as canceled contracts spike
Signed contracts to buy existing homes, known as pending sales, were weaker in July compared with June, and were canceled at the highest rate since at least 2017. The monthly pending home sales index from the National Association of Realtors dropped 0.4% in July from June, but was still 0.7% higher from July of last […]
Read More