Volatility Is Back, But Can It Last?

  • HIGHLY VOLATILE: Following President Donald Trump's commentary on North Korea this week, the volatility index, VIX, soared. In other words, the measure of risk in the stock market was up 45% by market close Thursday. Investors are concerned about what the president's comments on the country could do to the markets, and many are putting their money into stable assets like gold.
  • FAMILY TIES: Ivanka Trump is opening up a store for her clothing line... in the Trump Tower.Anyone else a little concerned by this nepotism? 
  • INTERNET DARLINGS: Snapchat and Blue Apron - two majorly hyped internet brands that first listed themselves on the stock market this year - are struggling. Despite initial investor excitement, both are down 40% since they first went public. Yikes. 
  • BOXED DEAL: Makeup retailer Birchbox is in talks regarding an acquisition with several retailers, including Walmart. The mega retailer has scooped up Bonobos and ModCloth, both digital-first companies, so an acquisition of Birchbox makes sense. 
  • DEPARTMENT STORE WOES: Macy's and Kohl's stores are seeing a sales slump, which is bad news for investors. Macy's stock fell 10% Thursday, while Kohl's fell 5%. 
  • UBER PROBLEMS: As Uber struggles to find a female CEO, its former executive, Travis Kalanick, has been sued by one of its early investors, Benchmark Capital, for fraud. 
  • BEAUTIFUL STAFF: Tarang Amin, the CEO of E.L.F. Cosmetics, talked about his staff this past week. According to Amin, the makeup purveyor is successful because its staff is full of diverse men and women. 

- Alicia McElhaney / She Spends Issue #15