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Can major league home runs and strikeouts really track the stock market?

Can major league home runs and strikeouts really track the stock market?

Finance
Why in the world would Major League Baseball home run statistics track the U.S. stock market?It's tempting to dismiss such a finding as a wild coincidence or a fluke, but as you can see in the chart, the relationship between the two has persisted for nearly 150 years. What's more, it gets even stronger if you add strikeouts into the mix. Most hitters and pitchers don't check stock tickers before swinging and flinging, and most stock investors don't check baseball stats before buying and selling. So what's the connection? The simplest explanation is that society's overall mood influences performance in both arenas.For example, on Friday, June 2 of this year, the Dow Jones Industrial Average set a new all-time high for the first time in three months. The next day, confidence wafted on the br...
Thousands on way home after Monarch collapse

Thousands on way home after Monarch collapse

Business
The repatriation of tens of thousands of Monarch customers has "started well", the chair of the Civil Aviation Authority (CAA) has said.Dame Deirdre Hutton told Sky News that 12,000 passengers had been brought home on Monday on the first day of the operation as the airline collapsed into administration.A further 12,000 were expected to come back to the UK on Tuesday, which will leave 86,000 still to return.The collapse of the airline on Monday morning left 110,000 holidaymakers who had planned to return on Monarch flights potentially stranded abroad.:: Why Monarch went under - and why more airlines could followBut the CAA has launched an operation to bring all of them home, including some who were not covered by the industry's ATOL guarantee scheme - reportedly at a cost of up to £60m to t
Supreme Court orders Unitech to pay litigation cost to home buyers

Supreme Court orders Unitech to pay litigation cost to home buyers

Finance
NEW DELHI: In a first of its kind order, the Supreme Court on Wednesday directed Unitech to pay litigation cost to home buyers who have succeeded before the grievance redressal commission in their lawsuit against the real estate major.A bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud directed the real estate major to pay Rs 80,000 each as litigation cost to 39 flat buyers in one of the developer's projects.The court directed Unitech to pay the amount of the litigation costs within four weeks to buyers who have succeeded before the National Consumer Disputes Redressal Commission (NCDRC) in getting their principal amount and interest.Let's block ads! (Why?) Personal Finance News-Wealth-The Economic Times
Irma: Eight dead at Florida nursing home left without power

Irma: Eight dead at Florida nursing home left without power

World
Media playback is unsupported on your deviceEight people at a Florida nursing home that was left without power for days after Hurricane Irma have died.Police evacuated 115 residents on Wednesday from the facility, whose air conditioning was cut by the storm.Broward County Mayor Barbara Sharief said three were found dead at the nursing home in the city of Hollywood. Five others died in hospital.Ten million people are still without power in Florida, Georgia and the Carolinas after Hurricane Irma.The storm - which has claimed more than two dozen lives in the US - struck southwestern Florida on Sunday morning as a category four hurricane before weakening to a tropical depression on Monday.Irma earlier left a trail of destruction in the Caribbean, where nearly 40 people were killed.Hollywood Po...
Apple removes home button on new £999 iPhone X

Apple removes home button on new £999 iPhone X

Technology
Apple has unveiled a new edge-to-edge display iPhone which will go on sale as the most expensive handset the tech giant has ever made.The iPhone X, pronounced 10, features wireless charging, an infrared camera and improved battery life, and will cost £999 when it is made available on 3 November.Unlike previous models it has no physical home button, and will include facial recognition software which replaces the fingerprint sensor used to unlock the phone.The Face ID technology can also be used to create Animoji - animated emoji controlled by the user's face.Image:The model also features wireless charging, an infrared camera and improved battery lifeAnnouncing the iPhone X at the company's new Steve Jobs Theatre in California, Apple chief executive Tim Cook described the model as "the bigge