Has the “curse of the Dow” finally caught up with Apple? The recent declines have wiped out nearly $100 billion of Apple’s market value – about as much as fellow Dow components Boeing and McDonald’s are worth in total. For CEO Tim Cook, it means his stake of 950,000 shares, worth more than $127 million in late April, is now worth around $109 million.
LONDON—The world’s biggest oil companies have vowed to bring down the costs of big projects in the face of slumping oil prices, but the unrelenting price weakness—with crude below $50 a barrel—suggests they could have to dig deeper still. In the past year, as oil prices plunged 60% from highs of $114 in 2014, U.K. energy giant BP PLC began testing new projects for profitability around $60 a barrel, down
Some economists have said a bunch of soft economic data – released in the last few days – could prompt the U.S. Federal Reserve to wait until December to increase interest rates for the first time in nearly a decade. The Fed has said it needs to see a sustained recovery before it raises rates for the first time in nearly a decade. Stock market investors are keeping a close
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Apple has only fallen to its current range seven times since 1990. Each of those instances was followed by a move higher.
Apple has only fallen to its current range seven times since 1990. Each of those instances was followed by a move higher.
For American investors, it looks all good: The Dow remains near 18,000, biotech stocks are hot and the Nasdaq is within a hair of its record high. GDP growth bounced back in the second quarter, advancing at a 2.3 percent annual clip as the job and housing markets continue to improve.
Some economists have said a bunch of soft economic data – released in the last few days – could prompt the U.S. Federal Reserve to wait until December to increase interest rates for the first time in nearly a decade. The Fed has said it needs to see a sustained recovery before it raises rates for the first time in nearly a decade. Stock market investors are keeping a close
Companies will have to provide investors with a ratio showing how the median pay of their workforce squares with their chief executive officers’ compensation, according to new rules slated for adoption by U.S. securities regulators on Wednesday. The SEC has been under mounting pressure by Democrats, like Massachusetts Senator Elizabeth Warren and unions, who support the rule and have lamented delays in its adoption. The measure was tucked into the
For American investors, it looks all good: The Dow remains near 18,000, biotech stocks are hot and the Nasdaq is within a hair of its record high. GDP growth bounced back in the second quarter, advancing at a 2.3 percent annual clip as the job and housing markets continue to improve.
