President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
At Oracle's annual OpenWorld megaconference last month, top executives from the old enterprise software company were smack-talking Amazon's cloud business. They claimed a workload on Amazon could be nearly six times more expensive than on Oracle's cloud.
It was the latest chapter in what's become a war of words between a pair of unlikely adversaries. Who would've thought five years ago that a massive developer of databases and business software would be going head-to-head with an e-commerce giant?
Now it's Amazon's turn, again. Andy Jassy, CEO of Amazon Web Services, delivers his keynote address Wednesday morning at the re:Invent conference in Las Vegas.
Before taking the stage, Jassy told CNBC that Oracle was still far behind in the cloud.
"I think they're a long way away in the cloud," Jassy said.
According to Jassy, AWS has more than 100 services for customers. He was just getting started.
"If you look at the array of services that the respective companies have, there's really not much of a comparison," Jassy said. "AWS has a lot more functionality, by a large amount. We have a much larger partner ecosystem."
Oracle is just one of the companies trying to catch AWS, and there are several that have made more headway, including Google, IBM and Microsoft. Jassy said that AWS, which launched in 2006, has simply spent more time in the public cloud market than other providers. Oracle's comparable services hit the market in 2016.
Oracle declined to comment.
Even with its market dominance, AWS is still recording explosive growth. Revenue jumped 42 percent in the third quarter to $4.58 billion, and analysts project sales of almost $5 billion in the fourth quarter.
"You just can't learn certain lessons until you get to different elbows of the curve in scale," Jassy said. "With a business that most estimate is several times the size of the next nine providers combined, we've learned certain lessons that you just can't learn until you get to that level of scale. So they're pretty radically different platforms at this stage."
But Jassy did say that he could see more than one successful public cloud in the market. And he named both IBM and Oracle as companies that are working hard to compete. Jassy has said many times before that cloud infrastructure is too big for a single company to own.
"It's hard for me to tell who will end up being the successful ones at this point," he said. "There will be more than one, because if you look at the market segments that AWS touches -- infrastructure, software, hardware and data center services -- globally that's trillions of dollars."
But that doesn't mean that all the players who are investing to be relevant will succeed.
"I don't think there's going to be six to 10," he said. "This is a game of scale."