More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Huawei CEO Ren Zhengfei tells CNBC the company's business is still strong in China.Technologyread more
Here are the biggest calls on Wall Street on WednesdayInvestingread more
The pilots union for Southwest Airlines says it will ask Boeing for compensation to cover legal costs and lost income for pilots due to the 737 Max grounding.Airlinesread more
Amazon announced an all-new Kindle Oasis on Wednesday morning with a feature that lets you adjust the screen to warmer tones for easier reading at night.Technologyread more
But BlackRock's global fixed income chief also says he doesn't think the Fed will announce a rate cut until July.Market Insiderread more
Panera Bread has been testing a menu specifically for dinner and plans to expand the pilot to a new market next month.Restaurantsread more
Beyond Meat's plant-based protein story holds appeal to the youngest generation of investors. But its shares, BYND, have done so well in such a short time that it may lead...Invest in You: Ready. Set. Grow.read more
Yelp has announced a $287.5 million deal with GrubHub to sell its food-ordering business to Seamless' parent company, and Jim Cramer sees heaps of potential in the pairing.
"To me, it seems like a match made in heaven," the "Mad Money " host said. "In fact, the only thing I don't understand is why the two companies didn't merge."
Shares of Yelp rallied some 27 percent after it announced the tie-up in its second-quarter earnings report, which beat analyst estimates. GrubHub's shares lifted 9 percent on the news.
"I think this partnership has the potential to give both companies a major shot in the earnings arm," Cramer said.
Each company does have its challenges. Yelp, a website for honest, crowd-sourced reviews has had trouble getting restaurants to sign up in the past for fear of bad reviews from customers.
With GrubHub in the mix, restaurants will have more reason to advertise on Yelp and gain access to other services like reservation booking, advance ordering and coupons.
GrubHub will also pay Yelp a fee for every order sent to them through the review site, making Yelp less reliant on advertising. With Yelp on board, GrubHub will get plenty of exposure, too.
"Put it all together and it's no surprise the stocks shot up into the stratosphere on the news, or that the analyst community was universally positive about the deal," Cramer said. "And that's without really even knowing the financial terms of the transaction."
And on a broader scale, the deal could stretch beyond just food delivery, the "Mad Money" host said.
Alphabet's review feature on Google is a challenger to Yelp, for one. Amazon's acquisition of Whole Foods could put the e-commerce giant in the food delivery ring for good. And Uber has UberEats, a delivery app of its own.
"This partnership helps to make Yelp and GrubHub the undisputed kings of the online food space," Cramer said.
But the "Mad Money" host acknowledged that any of those three tech giants could still outspend Yelp or GrubHub by far if they decided to get serious about this business.
"Here's the bottom line: Yelp and GrubHub were already improving before the news of this fantastic partnership broke nearly two weeks ago, and it shook the world in this sector. But I think this tie-up could power these two abandoned tech names to even higher territory," Cramer said. "That's why I believe both stocks are worth owning here even after these runs, and especially on any market-wide pullback like we had back on Thursday."