European stocks rose on the last trading day of the month, fueled by better-than-expected results and after big gains from top US tech companies. That joy helped investors sideline, for now, the signs of increasing global economic problems due to the pandemic. The Stoxx Europe 600 SXXP Index, + 0.57% …
Read More »Apple’s stock split may not be good for the Dow
(Reuters) – Apple (AAPL.O) announced a stock split on Thursday and may not bode well for future earnings on the Dow Jones Industrial Average .DJI. FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple Store on 5th Avenue in Manhattan, New York, USA, October …
Read More »Gold has no role in wealth client portfolio, says Goldman’s manager
Do not believe the exaggeration. That’s the message from Sharmin Mossavar-Rahmani, director of private wealth management investments at Goldman Sachs, who thinks gold is too expensive and doesn’t have a clear role in the portfolios of his private clients. Our view is that gold is only appropriate if you have …
Read More »How Apple’s stock split will change hierarchical order in the 124-year-old Dow
Apple Inc. is planning a 4-for-1 stock split and has major implications for the Dow Jones Industrial Average, of which it is a key component. The iPhone maker announced Thursday that its board approved the stock split. The division will affect registered owners beginning August 24 and Apple AAPL shares, …
Read More »Ford sales halved in Q2
Ford Motor Co. reported a narrower-than-expected adjusted loss in the second quarter on Thursday night, with sales halved compared to the previous year, but in line with Wall Street forecasts. Ford F, -2.60% He said he made $ 1.1 billion, or 28 cents a share, in the quarter, including a …
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