Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread 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
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US 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
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread 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
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread 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
A bet on Amazon at the stock market's exact bottom of the financial crisis nine years ago Friday would have made brave investors a lots of money.
Investors who put $10,000 in Amazon on March 9, 2009 — when the S&P 500 hit its closing low during the financial crisis — would have $250,000 today. Amazon, which closed at $60.49 per share on that date, has risen more than 2,000 percent since then. On Thursday, the stock closed at $1,551.86.
The bull market began nine years ago on Friday. The date marked the "Haines Bottom." Before the open on March 10, 2009, CNBC anchor Mark Haines called the bottom of the financial crisis on air.
Of course for the rest of us, calling the market bottom and buying Amazon at those exact levels would have been nearly impossible. Still, it's a useful exercise to look at these returns to illustrate how sometimes the best time to buy is when others are most fearful.
Investing in popular tech name Nvidia would have yielded even bigger returns. Investors who bet $10,000 on the chipmaker back then would have more than $300,000 today. Between the market bottom and now, Nvidia rose more than 2,700 percent.