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
Wall Street wasn't pleased with Red Hat's second-quarter revenue miss on Wednesday, but the software company's outlook is much brighter than this quarter made it seem, Red Hat President and CEO Jim Whitehurst told CNBC on Friday.
An open-source software provider that helps enterprises get onto the cloud, Red Hat gets much of its business from its Enterprise Linux operating system, which helps run companies' applications via private and public clouds.
But the Enterprise Linux division's modest second-quarter growth of 8 percent didn't mean business was slowing permanently, Whitehurst told "Mad Money" host in an exclusive interview.
"Two and a half years ago, we started down a path of trying to get our customers in three-year agreements. By getting them in three-year agreements on Linux, it gives us time to go then sell them new products," he said.
"The problem with that is those three-year agreements are typically fixed, and so they don't go up in value every year, so the bulk of our Linux business and these three-year deals isn't growing at all," Whitehurst continued.
As the three-year deals come closer to their renewal dates, however, the Linux business should turn up, the CEO said.
"We did say we expect this is the bottom and it should re-accelerate from here. We have good visibility and our total backlog grew 20 percent this quarter, so we have a pretty good sense that it'll accelerate from here," he told Cramer. "Next year, with a lot more renewals from those, you should see more growth."
Investors were also concerned by what Red Hat called a "larger competitive loss" to a legacy on-premise software provider in the second quarter. The company chalked the loss up to price competition.
Whitehurst came back at the criticism by noting that of the 300 deals Red Hat has made in the last three years, only two clients left for competing offers and didn't return.
"We've only had one other customer beyond this one which went away and didn't then later come back," he told Cramer. "If you went all 300 out of 300, it probably means you're underpricing. So I'm OK losing one every now and then. Let the customer try something else and then realize the value of what we do."
Disclosure: Cramer's charitable trust owns shares of Microsoft.