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The Dow Jones Industrial Average Index will add Salesforce, Amgen, and Honeywell in a major shakeup to one of America’s oldest indices, replacing Raytheon, Exxon Mobil, and Pfizer. Why Dow Jones is changing its components The changes to the 30-stock benchmark index are designed to offset Apple’s 4-to-1 stock split, which goes into effect August…
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Airline stocks opened higher on Monday morning following the latest coronavirus treatment news, despite a Bank of America report saying corporate travel demand has evaporated. As the holiday season comes to an end in the US, airlines would normally rely on corporate demand to produce some revenue through the winter. But the US bank said:…
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Global dividends are expected to fall as much as $400bn in 2020 as scores of companies slash or suspended dividends amid the pandemic. But Technology companies, many of which have soared to record highs, have managed to dodge the trend. Dividends around the world fell 22% year over year in the second quarter, according to…
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US strategists predict a victory for Democratic Presidential candidate Joe Biden – but are split on what this means for the money markets. According to a CNBC survey of 20 strategists, 14 expect the Delaware Senator to be the next US president, with only six forecasting Donald Trump will retain the presidency. Ten strategists expect…
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It took Apple 42 years to reach $1trn in value, but after just two more, the Big Tech giant hit $2trn on Wednesday when its stock climbed 1.4% to $468.65 in midday trading. Five seasoned market experts discuss whether the Cupertino-based powerhouse, led by chief executive Tim Cook (pictured) has further to rise, or is…
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Gold fell and the dollar pulled itself out of a more than two-year slump, after US central bankers worried that the pandemic will “weigh heavily on economic activity, employment and inflation in the near term and was posing considerable risks to the economic outlook over the medium term”. The Federal Open Market Committee (FOMC) July…
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A combination of uncertainty and expansionary monetary policies from central banks around the world has triggered fears of inflation, causing investors to flock to Bitcoin and gold as hedges against rising prices. Advocates on either side of the argument push these two assets as the best hedge against inflation, which has prompted investors to look…
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Bill Ackman of Pershing Square has made several major stock moves in the second-quarter, including raising stakes in Lowe’s and Burger King-parent Restaurant Brands, while completing his exit of Warren Buffett’s Berkshire Hathaway. Chief executive Ackman is having a terrific year at the New York-based hedge fund. The billionaire bet against the economy and eventually…
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Hedge funds have turned bearish on the US dollar for the first time since May 2018, as the value of the US currency tumbles under America’s weighty pandemic stimulus package. Net futures and options positions held on the greenback grew to negative 7,881 contracts last week, according to data from the Commodity Futures Trading Commission…
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US stock markets have been the best performing major stock market this year, but some traders are advising clients to invest in overseas markets as they expect them to outperform in the second half of 2020. Despite being the worst affected country from the coronavirus pandemic, US stock markets are outperforming global markets. While most…
