The economy is expected to have added 200,000 jobs in December, less than November, but still strong enough to keep the Fed aggressively fighting inflation.

Cramer said that while consumer spending power needs to come down for the Fed to beat inflation, such an outcome will also hurt portfolios.

Out-of-warranty iPhone owners will soon have to spend more to replace their batteries at an Apple store, Apple said this week.

There is a political angle, country analysts say: Turkey’s general election is due to be held in June 2023.

It was a tale of two halves this week, with stocks rising at the start of the week before reversing course on hawkish sentiment from the Federal Reserve.

A new price increase of $4,000 means Ford has upped the entry-level pricing of the F-150 Lightning electric pickup by 40% since the vehicle’s launch.

The central bank’s Monetary Policy Committee voted 6-3 in favor of the half-percentage point hike.

The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its key rate from 1.5% to 2%.

The Fed’s policy tightening and a strengthening dollar are having a knock-on effect on African nations’ balance sheets and public debt burdens.

“We need to see the unemployment rate go higher, while wages remain stable and we get meaningful layoffs in some industries,” Cramer said.

The Federal Reserve on Wednesday released minutes from its Nov. 1-2 meeting.