The Volatility Index (VIX) measures whether or not there’s too much fear or optimism in the markets. Robert Whaley, father of the VIX, says at the “beginning of the week it was about at a level of 12, at the end of the week it was at 28. That was the biggest percentage increase the VIX has ever had in its entire history.”
Currently, the VIX is around 34 percent. But what exactly does that mean? “It’s a measure of the volatility you expect over the next 30 days,” Whaley says. He adds that the VIX is usually around 20 percent.
ByKai Ryssdal, Rob Schmitz and Hayley Hershman•Aug 26, 2015
The Yuan devaluation and China’s market crash has caused global chaos. But Rob Schmitz, Marketplace’s China correspondent in Shanghai, says people on the street in China really aren’t that worried. A Sichuan restaurant owner told Schmitz “that business is really good.”
“Most importantly [China’s] got a growing economy," Schmitz says. "We've seen the headlines this week about China’s market crash ... [but] China’s economy is continuing to grow at around 6 or 7 percent, faster than nearly every other economy in the world.”
When the market goes wild, people say the economy is like a roller coaster. And, frankly, I am sick and tired of this disgusting comparison. Someone has got to stick up for the inventor of roller coasters, my grandfather, Dr. Johann T. Rollercoaster.
And yes, laugh at his name if you must. It was changed at Ellis Island from the original Rollercoasterstein.
Stocks are rallying early in the day, but after yesterday's last-minute drop, we try and figure out what we're in for. Then: all the recent volatility is exposing some issues with the way the markets are handling exchange traded funds. Finally: we look at the winners and losers in Corinthian College's bankruptcy plan.
Abercrombie & Fitch is reporting second quarter earnings just a week after its stock hit a more than six-year low, and the retailer announced it is restructuring its front office by bringing in a batch of new designers and executives to reinvent the brand.
Stephen Dubner admits that he and the team behind Freakonomics Radio sometimes explore ideas most sane people would leave untouched. This time, Dubner decided to look at the economics of end-of-life health care.
It’s certainly a touchy subject, but also one that most families will have to face at some time in their lives.
U.S. financial markets rallied through most of the Tuesday, then fell back in the final hour of trading to close with another day of solid losses.
The Dow Jones industrial average fell 204 points, 1.3 percent, to close at 15,666. The Standard & Poor's 500 index dropped 25 points, 1.3 percent, to close at 1867. The Nasdaq fell 19 points, 0.44 percent, to close at 4506. The yield on the benchmark 10-year Treasury bond rose to 2.07 percent.
That's the amount of time it takes to make parts for an award-winning robotic hand on a 3-D printer, the BBC reports. Joel Gibbard of Open Bionics says he can use a sensor on his tablet to size an amputee in minutes, print the parts in about 40 hours and fit them together in two hours. The prototype earned Gibbard the James Dyson engineering award, which carries a $3,500 prize and the chance to win the $45,000 international title.
Second Ward Councilman and co-chair for the Mayor’s Task Force on Community Violence Michael Trapp hopes that $150,000 approved by the Columbia City Council for the 2016 fiscal year budget will go towards the creation of a violence interruption program for the city.
One of the Missouri House's budget writers is warning Gov. Jay Nixon to change his stance on pursuing funding for a new NFL stadium without a vote of the people.
Rep. Scott Fitzpatrick, R-Shell Knob, is vice chair of the House select committee on the state budget. In a letter to Nixon, a Democrat, he said he won't support any budget bill next year that includes funding for debt service on bonds issued for a new NFL stadium in St. Louis.
A key asset class for many American households that is not suffering from a crisis of investor confidence and wild volatility is the U.S. housing market.
After the recession, housing was the missing leg of the recovery, beset by depressed prices, extremely tight credit, millions of homeowners underwater and a large percentage of properties in default, foreclosure or bank-owned. Home construction ground to a halt.
Airing on Tuesday, August 25, 2015: The latest on China's move to cut interest rates to quell the market plunge. As stocks tumble, there is one number that’s going up — the price of your home. Plus, with Best Buy's earnings report, we look at its turnaround campaign, which includes moving to private-label electronics.
Airing on Tuesday, August 25, 2015: On today's show, how swings in the stock market impact startups and investors. Also, a look at how Windows 95 compares to Windows 10 on the day of the operating system's 20th birthday.
You've heard by now that the stock market took a pretty steep downturn, but not everyone is concerned. Click below to hear our survey of listeners from across the country to see how they're feeling about all the chaos:
When the self-titled internet comedian the Fat Jewish, aka Josh Ostrovsky, got picked up by a talent agency, people took note.
“This guy basically built a career around aggregating/stealing, depending on how you want to call it, other people’s content … often without attribution,” says Marketplace's Adriene Hill. "The news that he got picked up by CAA sort of made everybody’s head explode a little bit.”
The larger issue around this is whether or not jokes fall under copyright law.
OK, let's just step back a minute and break this all down. We've got China correspondent Rob Schmitz explaining the Shanghai meltdown; Scott Tong fills us in on the end of the commodities producers' party; and Sabri Ben-Achour tells us how vulnerable the U.S. really is.
The burrito maker is pitching the jobs as the commencement of an entire career, instead of a short-term gig. Chipotle needs to make those jobs sound attractive because a tight labor market means there’s a lot of competition for restaurant workers right now.
In early July, Chicago police officers arrested four men for taking over 14 vacant foreclosed homes — living in some and renting out the rest — mostly in prosperous neighborhoods. Seven years after the housing market crashed, there are still enough vacant homes to provide opportunities for this kind of creativity.
The collapse of global oil prices is helping to show stock markets the way down. Over the last year, the industry that's taken the biggest hit is energy. Every company in the energy sector of Standard & Poor's 500 index is now at least 10 percent below its peak, and some much more.
The drop has been hard on the people working for those companies, too. The way to deal with too much oil is to stop drilling for it, after all. A lot of those people are relative newcomers to North Dakota who moved there to work in the Bakken oil field.
Georgia was one of the first states to open a complicated regulatory loophole back in 2011, which allowed residents to buy into local businesses--just like buying shares on the stock market. It took a few more years before the promise of "equity-based crowd funding" took hold.
But in 2013 it did, and the concept is partly the reason you can now find a Bohemian guitar on the shelves of mass-market music retailers, or in the hands of big-name performers--drawn by the unique sound and look of a metal oil can, which makes up the guitar’s body.
Take a deep breath. We talk through the day of apocalyptic markets in our Weekly Wrap; there are some numbers on the rise — the average FICO score; and volunteers pitch in to fight the West's brutal wildfires.