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Added on the 12/06/2015 10:29:33 - Copyright : Reuters EN
Hunting for sport is big business in South Africa pumping billions of rand into the country's economy. Sonia Legg reports on the controversial practice that draws both praise and criticism from conservationists.
The recent storming of the US Capitol seems to be hitting President Donald Trump not only politically, but financially as well. CNN reports a growing number of businesses suddenly want very little to do with Trump after he incited a mob of his supporters to attack the Capitol. Twitter and Facebook banned Trump indefinitely, and Stripe is no longer processing credit card payments for his campaign. Shopify stopped operating online stores for the Trump Organization and the campaign and the PGA is pulling a major golf tournament from a Trump resort. It's also unclear which, if any, banks will want to loan money to the Trump Organization.
New research suggests that Warren Buffett's Apple investment might not payoff over the next decade. Dimensional Fund Advisors tracked the largest 10 US stocks at the start of each decade since 1930. Business Insider reports that DFA found that on average, they underperformed the market by 1.1% over the next five years and 1.5% over 10 years. Apple is the most valuable US stock with a $2-Trillion market capitalization. Buffett's Berkshire Hathaway counts Apple as the biggest holding in its equity portfolio. The investor's company has more than tripled its money on Apple in less than five years. The company might not gain significantly more for a long time.
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