Marine Strauss and Wei Lu, Bloomberg Published 8:27 am PDT, Friday, September 28, 2018 Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., tours the shopping floor ahead of the Berkshire Hathaway annual meeting in Omaha, Nebraska, on May 5, 2018. Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., tours the shopping floor ahead of the Berkshire Hathaway annual meeting in Omaha, Nebraska, on May 5, 2018. Photo: Bloomberg Photo By David Williams. Photo: Bloomberg Photo By David Williams. Image 1 of / 1 Caption Close Image 1 of 1 Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., tours the shopping floor ahead of the Berkshire Hathaway annual meeting in Omaha, Nebraska, on May 5, 2018. Warren Buffett, chairman and chief executive … [Read more...] about Majority of CEOs around the world aren’t recession-tested
Stock markets today around the world
Madame Tussauds San Francisco announced Wednesday that the internet sensation Grumpy Cat will be the museum's first cat wax figure. Her figure will be animatronic, with five different movements, and will be unveiled later this year. After the unveiling in San Francisco, the wax figure will then go on to tour at the other five Madame Tussauds' museums in the United States. Grumpy Cat is so honored, she hates it. Two woman lie in a puddle of squashed tomatoes during the annual "tomatina" tomato fight fiesta, in the village of Bunol, Spain, Wednesday. The streets of an eastern Spanish town are awash with red pulp as thousands of people pelt each other with tomatoes in the annual "Tomatina" battle that has become a major tourist attraction. At the annual fiesta in Bunol on Wednesday, trucks dumped 150 tons of ripe tomatoes for some 22,000 participants, many from abroad to throw during the hour-long morning festivities. Sound The gallery will resume inseconds A currency … [Read more...] about Today’s news in photos: Factory fire, tomato festival and more photos from around the world
Markets are clearly worried. Lagarde After stocks rebounded from a brief stint in correction territory (technically a 10 percent decline from the most recent highs), they are actively retesting the February market lows. They are also on the verge of re-entering correction mode, with the S&P off 9.91 percent as of the close on March 23. The extreme calm of late 2016 and 2017 that investors became accustomed to seems so very distant now, given the current market environment of increasing volatility or growing price fluctuations. Not only have price swings become more pronounced in 2018, particularly since the February sell-off, but measures of implied volatility (or forward looking expectations of market volatility/risk) are also climbing. The VIX index measures the 30-day expected volatility of the S&P 500. A higher VIX indicates elevated market uncertainty (risk) while lower VIX readings indicate market complacency toward risk. Keep in mind that the VIX registered an … [Read more...] about Op-Ed: Walking the tightrope of stock market concerns
BERLIN — For cities looking to adopt a hard line on Airbnb and other short-term home rentals, Germany’s capital has been a model of resolve. In 2016, Berlin implemented some of the world’s strictest laws for vacation rentals. With few exceptions, the city made short-term rentals on platforms such as Airbnb and Wimdu illegal, with fines of up to 100,000 euros ($124,000) for hosts who violate the law. But two years later, Berlin is loosening restrictions on homesharers — a shift Airbnb is celebrating and other urban tourist destinations may be watching with concern. As Berlin has learned, cracking down on private home rentals is a massive task, and the courts aren’t necessarily on your side. “Cities have to let go of the dream that they have control over these platforms, because that’s not the world we live in anymore,” said Arun Sundararajan, a business professor at New York University. Berlin has claimed some success since it banned most … [Read more...] about Berlin had some of the world’s most restrictive rules for Airbnb rentals. Now it’s loosening up.
Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest Dow rebounds by 669 points, its best day since 2008, as trade war fears ease in stock market Signs of negotiations between China and U.S. calm worries over major tariff fight. Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. 10 Join the Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Adam Shell, USA TODAY Published 10:25 a.m. ET March 26, 2018 | Updated 4:46 p.m. ET March 26, 2018 CLOSE So what’s a bull market anyway? It’s when the stock market rises 20 percent from a prior low. Despite some recent scares in the market, Wall Street will celebrate the bull market’s ninth birthday Friday. Josmar Taveras CONNECT TWEET LINKEDIN 10 COMMENT EMAIL … [Read more...] about Dow rebounds by 669 points, its best day since 2008, as trade war fears ease in stock market