Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
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
In falling markets, stock prices not only go down in price — they also go back in time, dropping to values first reached on the way up.
The stock market setback of 2016 has traveled farther back in time than most declines of similar magnitude. With the S&P 500's trip to and below 1,900 for much of January, it was knocking around levels first reached in early 2014. At the worst of the sell-off on Jan. 20 – when the index sank to 1,812, 15 percent below its 2015 high — the S&P reached a level first touched in December 2013.
This retreat has generated plenty of largely semantic front-porch arguments about whether it's still a bull market if no net progress has been made in nearly two years. But fewer are asking the more practical question: How would an investor have done over time by buying the market when it sat at the same level of nearly two years earlier?
Michael Batnick, director of research at Ritholtz Wealth Management, obliged my request to run the numbers on all prior instances when the S&P 500 was within 2 percent of its level from 21 months earlier, which is where it is now. There were only 44 prior instances since 1928 when this was the case, out of more than 1,000 rolling 21-month periods.