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CNBC’s Jim Cramer Supports Trump Tariffs: “I am Pro-Tariff”

Jim Cramer, the host of CNBC’s Mad Money, has shared his backing of US President Donald Trump’s Tariff plan. Speaking on CNBC’s Squawk on the Street program, Cramer said, “I am pro-tariff, absolutely. I hate free trade…” The CNBC analyst went on to add, “I think it’s been an embarrassment for our country. It’s cost us fortunes. Everybody picks on us. There’s just no end to it.” Trump has announced several tariffs to be imposed on foreign countries, including Mexico, Canada, and China. Most recently, Trump imposed 25% tariffs on all imported vehicles and foreign-made auto parts. Next week, he is also expected to introduce additional tariffs, labeled as “reciprocal tariffs,” which are expected to be somewhat milder than previously anticipated. Cramer has long voiced skepticism about free trade, openly supporting Trump’s earlier tariff policies. In late 2019, Cramer said, “If we’re going to trade jobs for cheap stuff, at the very least, we should get a g...

Solana jumps 20% as Cathie Wood lauds its speed and cost over Ethereum

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Solana has drastically outperformed other major crypto assets, gaining nearly 200% in the last month. Solana (SOL) has reached new yearly highs, gaining more than 17% the day after ARK Invest CEO Cathie Wood lauded the network for its efficiency and cost-effectiveness. In a Nov. 15 CNBC interview, Wood described the Solana network as a major infrastructure player in the wider blockchain ecosystem and added it had been doing a “really good job” in the recent market conditions. Wood praised the Solana network for being faster and more efficient than the Ethereum network. “Ether was faster and cheaper than Bitcoin in the day — that’s how we got Ether. Solana is even faster and cost-effective than Ether” Wood spoke of Ethereum and Solana as important additions to the blockchain ecosystem, describing them as crucial infrastructure layers — capable of more real-world applications than Bitcoin. While the broader crypto market is on an uptrend, Solana’s gains have significantly outpaced thos...