CategoryEconomy

Wall Street 'fear gauge' shares off Trump threat to 'totally destroy' N. Korea

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A measure of volatility and fear on Wall Street late-morning Tuesday was little changed, even as President Donald Trump threatened to destroy North Korea if provoked The CBOE Volatility Index VIX, -118% known as Wall Street's fear gauge, was down 15% at 10, hovering around its lowest levels in its history, and far below its historic average of 20 The index, which measures options bets on the S&P...

S&P 500 retreats from record level as Tuesday gain vanishes

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Open 2,50629 Day Range 2,50351 - 2,50720 52 Week Range 2,08379 - 2,50832 MarketWatch Other Dow Jones Other News Key USLastChgChg % Dow Jones Industrial Average 22,346121477007% NASDAQ Composite Index 6,45219-245-004% S&P 500 Index 2,50460073003% Russell 2000 Index 1,44010-099-007%Other USLastChgChg % Dow Jones Transportation Average 9,532881824019% Dow Jones Utility Average Index 73765-106-014%...

U.S. current-account deficit climbs 8.5% in second quarter

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The increase stemmed mostly from lower secondary income The federal government collected fewer fines and penalties from foreign sources The deficit in the first quarter, meanwhile, was revised down to $1135 billion from $1168 billion The current account reveals if a country is a net lender or debtor The current account deficit was 26% of GDP in the third quarter That's up from 24% in the first...

Ryanair’s mass cancellations are a problem of its own making

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The shortfall has forced Ryanair to cancel some 2,100 flights starting on September 16th and continuing through October Previously, Ryanair counted holidays in the year from April And Ryanair was slow to release a detailed schedule of cancellations Until it did so on Monday, passengers who had booked flights during the affected period were unsure if they would have to change their travel plans...

The Ryanair cancellations

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However, pilots who ferry tourists to holiday destinations need vacations too This shortfall has forced the low-cost airline to cancel around 2,100 flights beginning on September 16th and continuing through October Previously, Ryanair staff took their vacations over an operational year from April to March That left it with too few working pilots to cover peak times without cancelling some autumn...

AutoZone's stock shoots higher premarket after profit and sales top expectations

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Shares of AutoZone Inc AZO, -114% ran up 47% in light premarket trade Tuesday, after the auto parts retailer reported fiscal fourth-quarter profit and sales that rose above expectations Net income for the quarter to Aug 26 rose to $4339 million, or $1527 a share, from $4268 million, or $1430 a share, in the same period a year ago Excluding non-recurring items, such as a gain from the adoption of...

Toys 'R' Us files for chapter 11 bankruptcy protection

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In a statement, the retailer said it intends to use bankruptcy proceedings “to restructure its outstanding debt and establish a sustainable capital structure that will enable it to invest in long-term growth” The retailer has been hurt by shrinking sales and increased online competition, and has still not recovered from a massive debt load from a leveraged buyout more than a decade ago “Today...

Sisters Launch Way For Women to Buy Car Tires and Auto Services Without Getting Ripped Off

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Twin sisters launch service to help empower women with auto repair and maintenance The twin sisters recently pitched their product on Steve Harvey’s Funderdome Brandon Andrews of Values Partnerships sat down with both for an exclusive interview about their business and appearance on the show (ABC/Lisa Rose)) Brandon Andrews: Pink Rubber Tires will provide automotive services in a space crafted...

Brother-and-Sister Entrepreneurs Create Unique Laundry Basket

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Najma and Yusuf Jamaludeen are siblings that collaborated to create an innovative laundry product, BasketMate Yusuf: It was developed by my big sis to help with the laundry responsibilities of her three little girls My sister and I have differences of opinions on how we decided to get into business together I mean he was a single man living alone with laundry for only one person We did a couple...

This Entrepreneur’s Mobile Recording Studio Can Save Emerging Artists Big Money

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What tips do you have for entrepreneurs that want to create an app and product Our job is just to simplify the software in order to make it easy for anyone to use while giving great quality One of my most important preparations was in my dressing room right before I went out and pitched I’d been working my ass off to the point where some people even stopped believing in me You can check that...

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