U.S. stocks were higher on Monday after the technology sector surged on the back of gains in Apple shares, helping Wall Street’s major indexes recoup most of their losses from the previous session.
It was a landmark week for U.S. cannabis!
Back in March, the Secure and Fair Enforcement (SAFE) Banking Act made history by passing the House Financial Services Committee. It was the first cannabis reform legislation to ever do so!
And, as I wrote last week, House Majority Leader Steny Hoyer (D-Md.) told legislators to prepare for a floor vote on the cannabis banking reform bill. That made it the first piece of marijuana reform legislation to earn that distinction.
More importantly, though, the SAFE Banking Act got the two-thirds majority it needed to pass in the House!
There were 321 “ayes” to a mere …read more […]
Forever 21 Inc on Sunday became the latest U.S. retailer to file for bankruptcy, succumbing to the twin challenges of changing consumer tastes and a relentless shift to online shopping.
Saudi Aramco has restored full oil capacity to the level before the Sept. 14 attacks on its oil facilities, the chief executive officer of its trading arm Ibrahim Al-Buainain said on Monday.
Fast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers like Amazon.com Inc and the changing fashion trends dictated by millennial shoppers.
Gains in technology stocks led by Apple lifted Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from U.S. stock exchanges.
WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup removed founder Adam Neumann as its chief executive officer.
U.S. digital money transfer platform PayPal Holdings Inc has obtained Beijing’s approval to buy a controlling stake in a domestic payments firm, which would make PayPal the first foreign firm to enter China’s payment services market.
Many people shy away from investing because they don’t understand how the stock market works and are afraid of its volatility.
Today, Alexander Green shares why owning stocks is the single best way to build wealth and how asset allocation reduces your risk – and fears.
Over the last few columns, I’ve discussed the many advantages of equity ownership.
Not only are stocks easy to buy and inexpensive to trade, but no other asset class – not cash, bonds, real estate or gold – has generated long-term returns that come close.
So why do fewer Americans own stocks now than before the Great Recession?
One …read more […]
WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed firm removed founder Adam Neumann as its chief executive officer.
A rise in U.S. technology stocks and better-than-expected economic data in China pushed global equity markets higher Monday, despite reports that Washington was considering escalating its trade war with China by delisting Chinese companies from U.S. exchanges.
Fast-fashion retailer Forever 21 Inc filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have succumbed to the onslaught of online sellers such as Amazon.com Inc and ever-changing fashion trends.
Oil slipped on Monday as China’s economic outlook remained weak even as manufacturing data improved, with the continuing trade war with the United States weighing on demand growth for the world’s largest crude importer.
Technology stocks led by Apple lifted Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from U.S. stock exchanges.
Wall Street is pessimistic on Apple stock (NASDAQ: AAPL), by and large. And there are good reasons to be fearful about the tech stock giant.
One, of course, is the signature trade war with China instituted by President Trump. But this is hardly a problem unique to Apple.
Many companies, some listed on the Dow Jones, and many components of the S&P 500, are affected by the much-criticized American economic policy.
Apple Stock (Nasdaq AAPL) – Not So Shiny
Meanwhile, the average selling price of the iPhone, Apple Inc.’s signature product, may very well see a decline in fiscal year 2020. That’s because …read more […]
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