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 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
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
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
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
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread 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
Tesla sales in China should hit around 6,400 vehicles this quarter, but the Shanghai factory won't be able to manufacture Model 3s in volume until mid-2020, according to JL...Technologyread more
Don't expect exchange-traded funds to go anywhere, Invesco's head of ETFs said Monday.
"We went through the dotcom bubble bursting, the credit crisis and other extreme periods of time, and ETFs have continued to grow," Dan Draper told CNBC's Bob Pisani.
Critics of ETFs say they can lead to increased volatility. Jack Bogle, the late founder of The Vanguard Group, said most of the trading in ETFs was done by "financial institutions that use them to hedge or equitize cash reserves."
Draper maintains, however, investors are now "looking at things like quality and low volatility," particularly when investing in the Invesco QQQ Trust.
Draper made his comments on the day the QQQ ETF, a widely followed exchange-traded fund, turned 20 years old. The ETF, which is commonly referred to as "the Qs," was launched in 1999 during the height of the dotcom bubble.
In that time, the Qs are up more than 200 percent, outperforming the SPDR S&P 500 ETF Trust — which tracks the broad index — by more than 100 percentage points.
QQQ vs SPY in past 20 years
The Qs were quickly adopted as a proxy for big tech given its exposure to large-cap stocks in the space. The fund's largest holdings by weight are Microsoft, Alphabet, Apple, Amazon and Facebook. Those five stocks alone make up more than 40 percent of the Qs in terms of weight.
But Draper said it can be used for more than tracking tech. "It is a proxy for growth in the U.S. in particular. It's not just technology, but consumer areas as well as biotechs," he said.
—CNBC's Kirsten Chang contributed to this report.