• The market's 'fear index' has exploded upward as stocks around the world plummet

    7 days ago - By Chron

    Reuters
    The Cboe Volatility Index, or VIX, has more than doubled in the past week.
    The spike in volatility comes with fears of a major market correction at the forefront of investors' minds.
    The VIX has hit 24.38, its highest level since the market sell-offs in February and March.
    You can follow the VIX at Markets Insider.
    Volatility is returning to the stock market in a big way.
    The Cboe Volatility Index, or VIX, has more than doubled in the past week, and it added another 6% on Thursday as fears of a major market correction came to the forefront of investors' minds.
    The VIX reflects...
    Read more ...

     

  • Amazon tops up pay for longtime staff after disgruntled workers email Jeff Bezos directly

    7 days ago - By Chron

    Alex Wong / Getty Images
    Amazon announced that it would boost the pay of longtime workers to counter fears that a new minimum wage increase would actually leave them out of pocket.
    That's after Amazon last week said it would up its minimum wage to $15 an hour starting November 1, including for part-time and temp workers, but also said it would phase out monthly bonuses and stock options for its hourly employees.
    Amazon is giving workers that already make $15 an increase of $1.25, and announced it will be introducing a direct stock purchase plan in 2019.
    Amazon's minimum wage increase has...
    Read more ...

     

  • Amazon tops up pay for longtime staff after disgruntled workers email Jeff Bezos directly

    Amazon tops up pay for longtime staff after disgruntled workers email Jeff Bezos directly

    7 days ago - By Business Insider

    Amazon announced that it would boost the pay of longtime workers to counter fears that a new minimum wage increase would actually leave them out of pocket.
    That's after Amazon last week said it would up its minimum wage to $15 an hour starting November 1, including for part-time and temp workers, but also said it would phase out monthly bonuses and stock options for its hourly employees.
    Amazon is giving workers that already make $15 an increase of $1.25, and announced it will be introducing a direct stock purchase plan in 2019.
    Amazon's minimum wage increase has resulted in some...
    Read more ...

     

  • Amazon tops up pay for longtime staff after disgruntled workers email Jeff Bezos directly

    Amazon tops up pay for longtime staff after disgruntled workers email Jeff Bezos directly

    7 days ago - By Business Insider

    Amazon announced that it would boost the pay of longtime workers to counter fears that a new minimum wage increase would actually leave them out of pocket.
    That's after Amazon last week said it would up its minimum wage to $15 an hour starting November 1, including for part-time and temp workers, but also said it would phase out monthly bonuses and stock options for its hourly employees.
    Amazon is giving workers that already make $15 an increase of $1.25, and announced it will be introducing a direct stock purchase plan in 2019.
    Amazon's minimum wage increase has resulted in some...
    Read more ...

     

  • The market's 'fear index' just exploded upwards as stocks around the world plummet

    The market's 'fear index' just exploded upwards as stocks around the world plummet

    7 days ago - By Business Insider

    The Cboe Volatility Index, or VIX, has more than doubled in the last week.
    Spike in volatility comes as fears of a major market correction come to the forefront of investors minds.
    VIX hits 24.38, its highest level since the market sell-offs in February and March.
    You can follow the VIX at Markets Insider.
    Volatility is returning to the stock market in a big way.
    The Cboe Volatility Index - or VIX - has more than doubled in the last week, and added another 6% on Thursday, as fears of a major market correction come to the forefront of investors minds.
    The VIX reflects expectations for...
    Read more ...

     

  • Jeff Bezos' fortune plummeted $9.1 billion after Amazon was crushed in the stock market rout

    7 days ago - By Chron

    Cliff Owen/AP Images
    Jeff Bezos' fortune dived $9.1 billion after tech stocks were demolished in a big stock market selloff on Wednesday.
    Of the top five tech FAANG stocks, Amazon's was hit the hardest by the slump.
    As a consequence, Bezos' lost more than anyone else on the Bloomberg Billionaires Index.
    A huge stock market slump on Wednesday cost the world's richest man more than $9 billion.
    Jeff Bezos lost $9.1 billion on Wednesday, leaving him with a net worth of $145.2 billion. This sets Bezos back to his net worth in July, the same month the Amazon CEO became the world's richest man in...
    Read more ...

     

  • Italy's stocks are in bear market territory as the global market rout reignites budget crisis fears

    7 days ago - By Chron

    REUTERS/Jim Urquhart
    Italian stocks enter bear market as global sell-off adds to domestic economic pressures in the country.
    The benchmark FTSE MIB index was down 20.1% from its recent high on Thursday morning, marking bear territory.
    Italy's budget crisis has been a major driver of recent weakness, with the country's government clashing with the EU over proposed spending.
    You can follow Italian stocks at Markets Insider.
    Italian stocks briefly entered a bear market on Thursday as the sell-off gripping global markets adds to the country's already dire economic situation. (A bear market is...
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  • Jeff Bezos' fortune plummeted $9.1 billion after Amazon was crushed in the stock market rout

    Jeff Bezos' fortune plummeted $9.1 billion after Amazon was crushed in the stock market rout

    7 days ago - By Business Insider

    Jeff Bezos' fortune dived $9.1 billion after tech stocks were demolished in a big stock market selloff on Wednesday.
    Of the top five tech FAANG stocks, Amazon's was hit the hardest by the slump.
    As a consequence, Bezos' lost more than anyone else on the Bloomberg Billionaires Index.
    A huge stock market slump on Wednesday cost the world's richest man more than $9 billion.
    Jeff Bezos lost $9.1 billion on Wednesday, leaving him with a net worth of $145.2 billion. This sets Bezos back to his net worth in July, the same month the Amazon CEO became the world's richest man in modern history...
    Read more ...