A military helicopter on a rural training exercise in western Russia mistakenly fired rockets at a group of parked vehicles, knocking at least one person to the ground, footage posted by Russian news sites and on social media showed. A video clip published on Tuesday by the independent news site Fontana showed a helicopter firing a salvo of rockets at a military truck covered in camouflage netting in open countryside, with three vehicles with no military markings visible, parked a few meters away. Russia is currently staging the "Zapad 2017" war games in the area, major exercises on NATO's eastern flank that were inspected on Monday by Russian President Vladimir Putin.
There's a trend in place that is scaring the heck out of active investment managers, and it has been in force for years: The stock market, as measured by the S&P 500, (INDEX: .SPX) is being led by a handful of mega-cap tech stocks. Putting it in context: The Vanguard Mega Cap Growth Index (NYSE Arca: MGK) tracking ETF was up more than 20 percent year-to-date, through Sept. 15. The Vanguard Mega Cap Value Index (NASDAQ: VMVLX) tracking ETF was up only 5.8 percent.
Toys 'R' Us, the big box toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season — and says its stores will remain open for business as usual. The company said the proceedings are a way for Toys 'R' Us to work with its creditors on restructuring the debt beleaguering it. Filing for bankruptcy protection "will provide us with greater financial flexibility to invest in our business ... and strengthen our competitive position in an increasingly challenging and rapidly changing retail marketplace worldwide," Chairman and CEO Dave Brandon said in the announcement.
No one could argue that the challenges faced by mothers in the workplace are the impetus behind calls for more and better, flexible jobs – and I should know. For, when it comes to the issue of flexible working, for too long it has been viewed as a concession - given to those who somehow can’t work in a ‘normal’ way. Firstly, flexible working is not just good for mothers.
The latest version of Apple's iPhone and iPad operating system iOS 11 will be available for users to download from today. Apple is adding a highly anticipated feature to Apple Pay, its payments system, that allows users to pay one another within iMessage. The peer-to-peer payments can be made and verified through biometric security, such as Touch ID or Face ID. Apple is refreshing its iPhone Control Centre in iOS 11.
Amazon.com (AMZN) kicked off its Whole Foods takeover on Aug. 28 by slashing the prices of avocados, kale and other items at the "Whole Paycheck" grocery chain by as much as 43%. Who could argue with that? Consumer welfare has been the foremost concern of U.S. antitrust law since the 1980s, with price hikes seen as the surest sign of monopoly power. Yet a growing chorus of critics complain that Amazon and fellow internet giants Facebook (FB) and Google-parent Alphabet (GOOGL) are becoming too dominant, snuffing out competition, innovation and even freedom of expression. Wall Street is starting to ponder a trillion-dollar question: Could the Whole Foods buyout mark a turning point that leads to
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on September 14. Index (PMI) data, output in the Consumer Services sector is rising.
Stanislav Petrov, the former Soviet military officer credited with singlehandedly averting a possible nuclear disaster during the Cold War, has died age 77. Petrov was the commanding officer on duty at a nuclear early warning facility in the early hours of Sept. 26, 1983, when his computers falsely identified several U.S. missiles headed toward Moscow, the BBC reports. Having only 20 minutes to act, Petrov decided to regard the warnings as a false alarm.
Here are some of the special deals that you can find for National Cheeseburger Day 2017. McDonald’s Corporation (NYSE:MCD) — Use the My Macca app to order a free cheeseburger. Johnny Rocket’s — Customers can get a free cheeseburger by signing up for the chain’s eClub.
Scottie Nell Hughes, a political commentator who often appeared on cable news channels, including Fox News, has filed a complaint against 21st Century Fox, Fox News and Charles Payne alleging that Fox Business host Payne raped her in 2013 and that the network retaliated against her after she came forward with her claims earlier this year. The charges listed are gender motivated violence, gender discrimination, retaliation and defamation. “We intend to aggressively litigate Ms. Hughes’s claims and hold Fox accountable to the fullest extent under the law,” said Doug Wigdor, Hughes’ attorney, in a statement. Wigdor represents many plaintiffs involved in lawsuits against Fox News. Payne, the host
Apple has launched two new smartphones, the iPhone 8 and iPhone 8 Plus, at a major event in California, which also saw the release of the premium iPhone X handset. The iPhone 8 and 8 Plus are upgrades to Apple's current iPhone 7 and 7 Plus range, updating some of the main features found on Apple's current products. Initially, most pundits thought the iPhone 8 would be Apple's main new phone - however it instead released three smartphones as part of the 10th anniversary of the original iPhone.
Despite its independence, the Federal Reserve may quietly want a bear market that takes down a president that loves tweeting about the stock market. Peter Schiff, CEO of Euro Pacific Capital, told TheStreet the "[Janet] Yellen put" in the markets could expire under President Trump. "I don't know if the Fed has much love for Trump," he said, adding that the Fed had the markets' back during the Obama Administration. "Maybe the Fed would be happy to see a bear market that could be blamed on Trump." Schiff thinks the markets could easily correct 20%. One black swan event Schiff sees is the notion of investors abandoning the euphoria over Trump's presidency, which helped fuel the stock market rally
By Abhishek Takle SINGAPORE (Reuters) - Sebastian Vettel may well come to rue the errant turn of the steering wheel that triggered the first-corner collision taking the German out of the Singapore Grand Prix and wrecking his hopes of regaining the overall championship lead. Starting from pole with title-rival Hamilton only fifth, the Ferrari driver was ideally placed to re-take the overall lead he had conceded to the Briton at the last race at Italy's Monza. Instead, he dropped to 28 points behind Mercedes' triple champion with six of the 20 races still to go.
Prime Minister Justin Trudeau said Monday his government could stop doing business with Boeing if the U.S. company doesn't drop a trade complaint against Canadian plane maker Bombardier. Canada had been in talks to purchase 18 Super Hornet fighter jets from U.S. aerospace giant Boeing, but those have been on hold because of the Bombardier dispute. Trudeau's comments are Canada's strongest yet.
Shares of Chipotle Mexican Grill sank more than 3 percent on Monday as customers on social media turned up their noses at the burrito seller's new "queso" cheese topping. Since the restaurant chain added queso to its menu across the United States last week, Twitter users have widely panned the product, which Chipotle describes as "complex and slightly spicy". "Chipotle queso is probably the most disappointing thing I've ever experienced in my life," tweeted Twitter user @arbythompson on Monday.
It comes just as Toys 'R' Us is gearing up for the holiday shopping season, which accounts for the bulk of its sales. "While today's decision does not necessarily mean it is game over for Toys 'R' Us, it brings to a close a turbulent chapter in the iconic company's history," said Neil Saunders, managing director of GlobalData Retail. Toys 'R' Us received a commitment for over $3 billion in debtor-in-possession financing from lenders including a JPMorgan-led bank syndicate and certain existing lenders, said the Wayne, New Jersey-based company, which also operates the Babies 'R' Us chain.
Tesla's highest closing price was set on June 23, when it closed at $383.45. The new high comes in the middle of the company's production ramp for the Model 3. Tesla has an estimated 500,000 backorders of its first mass-marketed vehicle and is increasing production to try and work through the glut.
Jim Hackett has been CEO of Ford for three months now, and Morgan Stanley is ready to see some changes. Morgan Stanley hopes that update is a partnership between Ford and Waymo, Alphabet’s self-driving arm. “Ford’s strategy towards exploring Auto 2.3 was through taking stakes in a wide range of start-ups to expose the company to new technologies and business models — a strategy not unusual compared to other global OEM’s,” analyst Adam Jonas said in a note Monday.
AT&T Inc. (NYSE:T) is in a world of hurt. The battle AT&T is fighting is one for subscribers. On one hand, the company’s DirecTV and U-Verse cable TV offerings continue to lose subscribers to cord-cutters.
Americans who are eligible for Social Security retirement benefits can choose to start collecting their monthly benefit at any time between ages 62 and 70, and "full retirement age" is 66 to 67 years old, depending on the year in which you were born. Although most Americans don't wait until age 70 to take Social Security benefits, there are certainly some good reasons for doing so. You don't have enough retirement savings yet, so you want to increase your eventual income stream and have more time to save.
Elon Musk, the billionaire entrepreneur who runs Tesla and SpaceX, is known for his late-night Twitter sessions, often giving his 12.8 million followers the scoop on his growing number of projects. On Friday night, Musk tackled a single customer tweet that quickly spun into a miniature masterclass on how to conduct customer service. It is common for followers to inundate Musk with questions, many unrelated, once he posts, knowing that he will occasionally answer a few.
Honda Motor Co Ltd said on Monday its has invested $267 million and will add 300 new jobs to support increased production of its revamped 2018 Accord sedan model at the Japanese automaker's plant in Marysville, Ohio. Honda unveiled the newest-generation Accord in July, one of four re-engineered midsize sedans that Asian automakers are betting on to win market share as Detroit rivals shift focus to SUVs, crossovers and pickup trucks. The new Accord, like rival Toyota Motor Corp's all-new Camry, offers more horsepower, safety technology like standard collision-avoiding braking and better fuel economy although Honda did not release figures.
More than 2 million Windows users may be at risk: Maintenance app CCleaner was hacked and used to deliver malware to unsuspecting computers and Android devices, according to a Monday report from Cisco Talos. CCleaner is an app from Piriform, a company which was recently purchased by Avast, that allows users to perform routine machine maintenance, cleaning temporary files and managing installed applications. It boasted over 2 billion total downloads at the end of 2016, and a growth rate of 5 million additional users per week. Both a free version and a business version of the app are available. In August, CCleaner version 5.33.6162 and CCleaner Cloud version 1.07.3191 were compromised, with an