The U.S. Defense Department gave Microsoft “the best possible validation they could get” in awarding a multibillion-dollar defense deal to the company’s cloud platform over Amazon, CNBC’s Jim Cramer said Monday. Under the Joint Enterprise Defense Infrastructure deal, aka JEDI, the company will build an enterprise cloud infrastructure that will support the Defense Department’s business and mission operations. As for Amazon, AWS is still the top cloud infrastructure provider, though it may not hav

Jim Cramer breaks down what’s driving the stock market’s rally toward all-time highs”Without strong demand, the averages never would have made it this far,” “Mad Money” host Jim Cramer says.

Juul Labs plans to cut about 500 jobs by the end of the year as part of a broader reorganization plan aimed at repairing the company’s relationship with regulators. The e-cigarette giant will also cut its marketing budget and invest in ways to limit underage vaping. Juul suspended sales of all fruity flavors earlier this month, ahead of the Trump administration’s expected removal of all flavored e-cigarettes from the market. Health and Human Services Secretary Alex Azar told CNBC that the halt w

Art aficionados will flock to Florida next month as the country’s premier art fair, Art Basel Miami Beach, once again opens its doors to visitors. What is Art BaselArt Basel is an international art fair hosted annually in Basel, Switzerland; Miami Beach, and Hong Kong. Visitor looking at “The Bond 2016” by Patricia Piccinini at the Art Basel Hong Kong in Hong Kong Convention and Exhibition Centre (Hong Kong Convention and Exhibition Centre (HKCEC)) in Wan Chai. What’s new this year at Miami Beac

A new look at the upcoming live-action Star Wars show, The Mandalorian, dives into the mythos of the far reaches of the galaxy. Revealed during Monday Night Football, the trailer comes right ahead of Disney Plus’ Nov. 12 launch. While the first trailer was more atmospheric in tone, showing flashes of this new and unexplored part of the Star Wars universe, this latest one has Werner Herzog’s mysterious character narrate, setting up Pedro Pascal’s lone Mandalorian. The Mandalorian will be availabl

WASHINGTON — The Pentagon emphasized Monday that U.S. troops will secure oil fields in northeast Syria in the wake of ISIS leader Abu Bakr al-Baghdadi’s death. “At the height of Baghdadi’s reign, these oil fields provided ISIS with the bulk of financial resources used to fund its terror,” Secretary of Defense Mark Esper said Monday at the Pentagon. “The fundamental purpose of securing those oil fields is to deny those oil fields access to ISIS in order to prevent ISIS from resurgence,” Chairman

Samuel Corum | Getty Images News | Getty ImagesMedicare beneficiaries would get dental, vision and hearing coverage if several bills now before Congress pass. 4665: Would add routine eye exams to coverage through Part B, with beneficiaries generally paying 20% of the cost. 4618: Would provide coverage under Part B for hearing exams and hearing aids, with beneficiaries contributing 20%. While some Advantage plans have no premium, the average is expected to be $23 in 2020, according to the Kaiser

Boeing CEO Dennis Muilenburg plans to tell lawmakers Tuesday that the manufacturer made mistakes with its 737 Max, its best-selling plane that is grounded worldwide after two fatal crashes that killed 346 people. “We know we made mistakes and got some things wrong,” Muilenburg said in written testimony ahead of two congressional hearings about the design and marketing of the planes. The hearings will be Muilenburg’s first hearings on Capitol Hill since the crashes. Boeing has developed software

(Photo by Brian Bahr/Getty Images)The NFL Players Association announced Monday that it will collaborate with the National College Players Association to explore how college athletes could receive compensation for the use of their name, image and likeness. Under the new collaboration, the NFL players and college group will ensure licensing representation is available to college athletes in states that allow them to sign endorsement deals. In September, California became the first state to pass a

Allbirds is planning to continue its brick-and-mortar expansion with 20 stores next year, the company’s co-founder and co-CEO Tim Brown said Monday. “We’ve got nearly 15 stores at the moment — 14 soon to be 15,” Brown said. “We’ll add 20 stores next year. The stores have helped create even more buzz about the wool sneakers, which the company touts as a environmentally sustainable approach to footwear. Amazon was recently accused of copying one of Allbirds’ popular shoes, but Brown does not think

The Google parent fell more than 2% after the bell Monday after posting $10.12 in profit for the third quarter, $2.34 less than expected. The QQQ Nasdaq ETF has risen 1% in the past three months, a quarter of the gains seen in Alphabet stock. “I don’t see it losing any of its momentum,” Mark Tepper, president of Strategic Wealth Partners, said during the same segment. “They’re the number one player in digital advertising and companies continue to move away from traditional advertising towards di

Erik Nordstrom, Co-President and CEO of Nordstrom Inc, speaks during an interview on CNBC at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. Nordstrom shares dipped on Monday after the department store chain said in a filing with the Securities and Exchange Commission the Nordstrom family won’t increase its stake in the company. Nordstrom also said Monday that its board has had talks with co-presidents Pete and Erik Nordstrom “around succession planning and the continued

The U.S. has been in “an industrial recession for over a year now,” according to Bradley Jacobs, CEO of XPO Logistics, one of the largest global transportation and warehouse companies in the world. Industrial output has fallen, “that’s a direct result of the tariffs,” Jacobs told CNBC in an interview Monday as the company released its third-quarter earnings. It now expects revenue to fall somewhere between 2.5% and 4% for the last three months of the year. Its previous revenue forecast for the f

SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | ReutersTesla CEO Elon Musk knew at the time of the 2016 acquisition of SolarCity that the solar installer was facing a liquidity crunch, according to newly unearthed emails between Musk and ex-SolarCity finance chief Brad Buss. Investors were skeptical of the deal when Tesla proposed it in June 2016, with the stock plunging more than 10% on the announcement.

Strong stock performances in the high-end consumer discretionary space show the broader U.S. economy “may be in better shape” than investors are led to believe, CNBC’s Jim Cramer said Monday. Cramer, using the charts of technician Bob Lang, a colleague and publisher of ExplosiveOptions.net, looked at some of the top names in the consumer discretionary sector. Cramer said the charts show things are looking “very good” for some discretionary stocks, indicating that the consumer and the overall eco

Out of 17 patients enrolled in the Phase 1 trial of Mirati’s oral drug MRTX849, 12 have been evaluated, including six with lung cancer and four with colorectal cancer. Three of the lung cancer patients had a “partial response,” defined as a 30% or more reduction in tumor size. One of the evaluated colorectal cancer patients also had a partial response. Cancer was stabilized in the other evaluated patients, including two with cancer of the appendix, Janne said, although one trial patient’s cancer

Boeing raced to develop the 737 Max to keep up with Airbus, which debuted its fuel-efficient, single-aisle competitor, the A320neo, a year before Boeing’s version. The Boeing 737 Max has been grounded since mid-March after two nearly-new 737 Max planes crashed within five months of each other. The plane is a new model of Boeing’s 737, an aircraft that has been flying since the 1960s and is the best-selling of all time. Airbus’s newly re-engined A320s started flying more than a year before Boeing

She has also called for the breakup of Big Tech companies, arguing that the largest firms in the sector have too much power and harm competition. Warren’s campaign paid at least $2.9 million to Big Tech companies in the third quarter, according to data from the Federal Election Commission. CNBC’s analysis did reveal spend from Sanders with Amazon, Google and Apple, though all of Sanders’ listed Google spend is for “software.” Buttigieg said in April that he’d encourage the FTC to investigate Big

Beyond Meat on Monday reported its first quarterly profit and topped analysts’ expectations for its fiscal third-quarter earnings and revenue. Despite the beat, shares of the company tanked as much as 15% in extended trading, before recouping about half of those losses. Net sales rose 250% to $92 million, topping expectations of $82.2 million. Beyond, which reported $41.5 million in net sales for that side of the business, has continued to extend its restaurant partnerships. Despite increased co

And the strategy is more popular than ever, according to a recent report from the Morgan Stanley Institute for Sustainable Investing. Some 85% of individual investors, and 95% of millennials, are interested in sustainable options, per the report, which surveyed 1,000 active investors across the U.S. Previous reports have shown similar increases in interest and participation in impact investing, also known as socially-responsible investing. Corporate governance — for example, if a company has eth