The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Having missed out on Apple's meteoric gains for several years, investors in the Dow's ETF and various mutual funds may be cheering the news of the tech company's long-awaited inclusion in the famous blue-chip index.
For many years, despite being the largest company by market cap, Apple's lofty share price made it prohibitive for it to be added to the price-weighted Dow. With its shares priced at well over $600 last spring, Apple would have had an extremely disproportionate impact on the Dow, which gives higher-priced stocks more influence on the index's performance.
That all changed last June, when Apple executed its 7-for-1 stock split, bringing its price much more in line with other Dow components.
The absence of Apple's high-flying stock in the Dow has caused it to significantly underperform the other major benchmarks, including the S&P 500 and , both of which have contained Apple's stock.
In fact, if Apple had replaced AT&T in the Dow when its stock split last June, Reuters data show that the Dow would have been about 200 points higher than its current levels.
However, while Dow investors may be embracing the addition of Apple in the index, the tech giant's shareholders will certainly hope that Apple doesn't suffer a similar fate as the other three Nasdaq-listed Dow stocks Microsoft and Intel (both added in November 1999, and Cisco Systems (added in June 2009). All three of those tech stocks declined in the three years after their inclusion in the Dow, all severely underperforming the index.