Day: September 1, 2020

Honeywell Stock Is Going Back in the Dow Jones Industrial Average

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Honeywell

is going back in the

Dow Jones Industrial Average.

It makes perfect sense. And it is good news for the stock, but not in the way investors might initially assume.


S&P Global

(ticker: SPGI) announced the changes Monday evening. The industrial giant is going back in the Dow—after a 10-year hiatus—beginning August 31, along with

Salesforce.com

(CRM) and

Amgen

(AMGN). Leaving the Dow are

Raytheon Technologies

(RTX),

Pfizer

(PFE), and

Exxon Mobil

(XOM). The Dow is price-weighted, which means stock positions are created based on which ones have the highest prices.

Back in 2008, Honeywell (HON) and

Altria

(MO) were replaced by

Bank of America

(BAC) and

Chevron

(CVX), making the Dow Industrial a bit less industrial.

It’s difficult to say which company replaced what in that switch. This time, though, it seems easier to line up the changes: Honeywell appears to be

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South Africa’s Ramaphosa reprimands finance minister over tweets on Zambia

JOHANNESBURG, Aug 24 (Reuters)South Africa’s President Cyril Ramaphosa has “strongly reprimanded” Finance Minister Tito Mboweni over comments he made on social media about the dismissal of Zambia’s central bank governor, the presidency said on Monday.

Zambian President Edgar Lungu fired central bank governor Denny Kalyalya on Saturday without explanation.

Mboweni, a former South African Reserve Bank governor, called on Lungu in now-deleted tweets to explain the dismissal.

It is unusual for officials in one country to comment openly about appointments and dismissals in another country.

“In one of his tweets, Minister Mboweni is promising to mobilise if not given reasons why the Central (bank) Governor has been fired by President Lungu,” the presidency statement read.

“President Ramaphosa wishes to assure the government and people of the Republic of Zambia that the unfortunate remarks do not reflect the views of the South African Government and its people.”

Mboweni said

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A New Article Explains Where to Get the Best Car Insurance Quotes Online

http://compare-autoinsurance.org/) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website released an online guide that presents the best places to get online car insurance quotes and compare prices.” data-reactid=”12″LOS ANGELES, CA / ACCESSWIRE / August 29, 2020 / Compare-autoinsurance.org (http://compare-autoinsurance.org/) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website released an online guide that presents the best places to get online car insurance quotes and compare prices.

Online insurance quotes helped many drivers to make a wise decision when choosing a car insurance policy. Drivers are not required to go to the well-known insurance companies and accept any offer that is thrown at them. Comparing online quotes can

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