Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Competitors trying to take a bite out of GrubHub's market share haven't been having much luck, GrubHub CEO Matt Maloney told CNBC on Thursday.
Maloney said that competitors like Postmates and Uber Eats, along with their venture-capital backers, have "wasted" billions of dollars on promotions in fruitless attempts to steal diners from GrubHub, currently the largest online food delivery platform in the United States.
"They've thrown it away, and then they pull back from the markets because you know what? It's not about the promos," Maloney told "Mad Money" host Jim Cramer. "People want to connect with their restaurants. It's about the service. And the only thing we do is we connect diners to their restaurants."
With shares up 57 percent for the year after a strong quarterly earnings report, GrubHub has been expanding its footprint, now boasting over 75,000 restaurant partners and 9.8 million users across 1,300 cities.
Maloney told Cramer he was most excited about GrubHub's partnership with online review platform Yelp and its Eat24 food-delivery subsidiary.
"We have the deepest and the broadest network possible, and now with the Yelp partnership, they have over 100 million … people every month looking. And ... 70 percent of them are looking for restaurants," Maloney said. "People want to order. And so that's where we bring our orders in and that's where you're going to see increased conversion, increased performance on Yelp."
The CEO cited a statistic that in the United States, people collectively spend some $200 billion on take-out and delivery alone.
"We're on track to do around $4 billion. So, $200 billion, $4 billion," Maloney said, drawing a comparison. "We could 10x this company and it still wouldn't even barely touch [that]."
And with the volume of delivery orders steadily rising, Maloney told Cramer he sees plenty of opportunity going forward.
"We're by far the largest in the space," the CEO said. "So there's so much room. So much room to grow."