The late 1980s was a great time for hair bands and parachute pants. For much of the decade, it was also great for stock markets around the world.The 19 biggest markets globally averaged a return of 296% from August 1982 to August 1987, according to government data. The Dow Jones Industrial Average
exploded from 776 to 2,722 in those years, including a 44% surge through the first eight months of 1987 alone. But, on October 19, 1987, it got ugly in a hurry.
Feels like a ‘classic October crash’ is on the way, market strategist warns – MarketWatch
Thats Bill Blain, strategist at London-based Shard Capital, sharing his ominous take on the stock market on Thursday ahead of what he described as the most critical election in global history and as investors grapple with spiking coronavirus numbers.Winter lockdowns, fears about second and now third waves of infections, and tumbling stocks on the back of prospects for a crumbling economic recovery across Europe have put markets into full tumble mode, he wrote in a blog post. It might be the last…
6 Busted for Stealing $6M in Designer Goods in Series of JFK Airport Heists: DA – NBC New York
Six people, including two former airport workers, have been indicted for allegedly stealing more than $6 million worth of designer merchandise, including Chanel……
Six people, including two former airport workers, have been indicted for allegedly stealing more than $6 million worth of designer merchandise, including Chanel handbags and jewelry, using tractor-trailers in a series of complex heists at John F. Kennedy Airport this year, prosecutors in Queens announced Thursday.
The two primary defendants, identified as 33-year-old David Lacarriere and 43-year-old Gary McArthur, are both truckers who formerly worked at JFK and allegedly used their “inside knowledge”…
Budget airline shares jump on sunnier outlook for travel despite pandemic – CNBC
Sales came in ahead of estimates at both Spirit and Allegiant, and both discount airlines’ executives have touted an increase in demand recently.
As losses mount for the aviation industry, executives at budget airlines are growing more upbeat, despite recent increases in coronavirus cases, touting their leisure-focused networks and fares that appeal to the most price-sensitive consumers.
Spirit, Allegiant and Southwest, which all have a focus on the U.S. market in common, are the only U.S. airlines up this month.
Spirit’s shares were up 8% in afternoon trading Thursday after the company beat revenue estimates, reporting a smaller-than-expected…
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