Investing

Warren Buffett's birthday and a new lineup for the Dow: What today's news means for your money

The Dow changed its 30-stock lineup, United announced it will scrap ticket change fees, and Warren Buffett celebrated his 90th birthday.

Bill Gates holding a birthday cake for Warren Buffett's 90th birthday.
Source: Bill Gates

The new Dow lineup and airline fees are making news today. Here's how the headlines could affect your money:

Market change-ups take effect

Monday's opening bell heralded a few changes investors have been watching:

  • Speaking of Apple, the tech company and Tesla began trading Monday at split-adjusted prices. Apple split 4-to-1, so traders who held one $499.23 share at Friday's close started Monday with four worth $127.74 each. Tesla split 5-for-1, converting one $2,213.40 share to five at $444.88 apiece.
VIDEO3:3503:35
How to read a stock ticker

Video by David Fang

Warren Buffett celebrates his 90th birthday

Warren Buffett celebrated his 90th birthday Sunday, and his friend Bill Gates honored him by making an Oreo cake with the legendary investor's likeness on it. 

The chairman of Berkshire Hathaway famously bought his first stock at the age of 11 and has become a champion of index funds and long-term investing. 

"I can come to a pretty firm conclusion that 20 or 30 years from now, American business ... will be far better than it is now," Buffett told CNBC in February.

Airlines scrap ticket-change fees

United Airlines announced Sunday that it will eliminate its $200 change fee on domestic flights. The hope: More flexible policies will draw in flyers nervous about booking travel during the pandemic. 

Delta Air Lines and American Airlines followed suit Monday. Before United's announcement, Southwest was the only big airline that didn't charge change fees. 

Extras like checked bags and picking a seat can add to your bill, so be sure to factor in fees when you're comparing airfare.

VIDEO2:0402:04
Farnoosh Torabi busts 4 common investing myths

Video by Courtney Stith

Words you've heard: Dow Jones Industrial Average

The Dow Jones Industrial Average, also called the Dow or DJIA, is one of the most widely followed stock market indexes. The Dow is composed of just 30 stocks, all of them blue-chip companies that are leaders in their various industries.

Although the daily news can have an impact on your wallet, remember to take a long-term outlook when it comes to decisions on spending, saving, and investing.

More from Grow:

acorns+cnbcacorns cnbc

Join Acorns

GET STARTED

About Us

Learn More

Follow Us

All investments involve risk, including loss of principal. The contents presented herein are provided for general investment education and informational purposes only and do not constitute an offer to sell or a solicitation to buy any specific securities or engage in any particular investment strategy. Acorns is not engaged in rendering any tax, legal, or accounting advice. Please consult with a qualified professional for this type of advice.

Any references to past performance, regarding financial markets or otherwise, do not indicate or guarantee future results. Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts. It is not possible to invest directly in an index.

Advisory services offered by Acorns Advisers, LLC (“Acorns Advisers”), an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Brokerage and custody services are provided to clients of Acorns Advisers by Acorns Securities, LLC (“Acorns Securities”), a broker-dealer registered with the SEC and a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Acorns Pay, LLC (“Acorns Pay”) manages Acorns’s demand deposit and other banking products in partnership with Lincoln Savings Bank, a bank chartered under the laws of Iowa and member FDIC. Acorns Advisers, Acorns Securities, and Acorns Pay are subsidiaries of Acorns Grow Incorporated (collectively “Acorns”). “Acorns,” the Acorns logo and “Invest the Change” are registered trademarks of Acorns Grow Incorporated. Copyright © 2019 Acorns and/or its affiliates.

NBCUniversal and Comcast Ventures are investors in Acorns Grow Incorporated.