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A third teenager has been arrested in connection with a foiled attack on now-canceled Taylor Swift concerts in Vienna. The foiled attack was planned for Thursday or Friday, according to Austria’s interior minister, Gerhard Karner. Taylor Swift fans gather in Vienna. Authorities display a photo of a man arrested in connection with a plot to attack Taylor Swift's Eras Tour in Vienna, Austria. The U.S. State Department and the broader U.S. government have been in contact with Austrian officials about the alleged plot, State Department spokesperson Matthew Miller said.

Persons: Taylor Swift, Gerhard Karner, Karner, Ernst Happel, Thomas Kronsteiner, Karl Nehammer, “, ” Nehammer, it’s, ” Swift, Sadiq Khan, We’re, ” Khan, Swift, ’, Southport , England Peter Powell, ”, Omar Haijawi, Franz Ruf, Taylor, Roland Schlager, Pirchner, Matthew Miller, “ Taylor, Pedro Gomes, TAS24, Elle, Magnus Ranstorp Organizations: Austrian, Authorities, Islamic State, Investigators, Ernst, London’s Wembley, London, Manchester Arena, Getty, Islamic, of State Security, Intelligence, Ministry of, Interior, CIA, U.S . State Department, State, ” Barracuda, Barracuda Music, Estadio da Luz, Las, Strip, Swedish Defense University, Associated Press Locations: Vienna, al Qaeda, Europe, Gelsenkirchen, Austria, Ariana Grande, Manchester, England, Southport , England, AFP, Ternitz, Austrian, Lisbon, Portugal, United Kingdom, Stockholm

☆ I moved to Tokyo to open a bar last year. I'd already lived in a few cities across Asia, but moving was harder in my 30s.
▼ + stars: | 2024-08-09 | by ( Holly Graham | ) www.businessinsider.com time to read: +6 min

My next home was in Seoul, for two years, followed by a decade in Hong Kong — the one place I truly felt at home. AdvertisementI later moved on to become the managing editor of DRiNK Magazine Asia, while I was simultaneously bartending at The Old Man Hong Kong. The book caught my now-business partner's attention and recently led me to Japan to help open a bar, Tokyo Confidential, in the capital. The language barrier is different when you're living here and not just fumbling along as a tourist. The local and global reception to Tokyo Confidential, our craft cocktail bar, has been amazing, too, especially after so many people told me it wouldn't work.

Persons: —, hadn't, Hong Kong's, bartending I'd, wouldn't, they'd, Holly Graham, I'd, Graham, It's Organizations: Service, Business, Magazine, Tokyo, Tokyo Confidential Locations: Thailand, London, Seoul, Hong Kong, bartending, Magazine Asia, Asia, Japan, Tokyo, South Korea

☆ Paris Olympics refugee breaker Manizha Talash disqualified for ‘free Afghan women’ cape
▼ + stars: | 2024-08-09 | by ( Tara John | Ben Church | ) edition.cnn.com time to read: +3 min

CNN —Refugee athlete Manizha Talash was disqualified from the B-Girl breaking competition at the Olympics for wearing a cape with the words “Free Afghan Women” during her breaking battle on Friday. The 21-year-old, who fled Afghanistan after the Taliban began seizing control in 2021, now lives in Spain and represents the Refugee Team at the games as B-girl Talash. As she made her debut during the pre-qualifier battle, Talash revealed a baby blue cape under her jumper emblazoned with the words calling for Afghan women’s emancipation. Results have been updated accordingly.”“I didn’t leave Afghanistan because I’m afraid of the Taliban or because I can’t live in Afghanistan,” Talash said before action got underway. The breaker became one of 37 athletes representing the Refugee Olympic Team in Paris, and is proud to do so.

Persons: Manizha Talash, ”, Talash, “, ” Talash, Nadira Organizations: CNN —, DanceSport Federation, United Nations, UN, Refugee Olympic, Slate Locations: Afghanistan, Spain, Paris, New York

☆ My husband and I had opposite upbringings. We now clash on how to spend money on our kids.
▼ + stars: | 2024-08-09 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

It's caused tension in our marriage because my spouse and I clash over our expenditure on our kids. However, now that I'm married with kids, mocking my frugal upbringing has become a bit of a family joke. We constantly clash over how much we spend on the kids. Left to his own devices, my husband could easily spend between $500 and $700 on each child. In an ideal world, kids wouldn't bully each other for not wearing the "right" label.

Persons: —, Dunkin, Uber, I'm, I'd, I've Organizations: Service, Business Locations: Europe

☆ A Google Cloud architect shares the résumé that helped her land the job — and how she prepared for its tough interviews
▼ + stars: | 2024-08-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

That experience with a cloud migration project Sadhwani worked on during her first internship helped her land her first job as a DevOps engineer at Brightspot. After gaining experience in the field for a year and a half, she landed a cloud engineer role at Amazon Web Services (AWS), which she described as a "pivotal moment" in her career. After two years at AWS, a Google Cloud recruiter contacted Sadhwani, who then embarked on its comprehensive interview process. Define your goals and personal brandThe Big Tech job market is competitive, and building a personal brand is important. For Sadhwani, exploring Google Cloud led her to find the perfect role.

Persons: —, Sadhwani, She'd, she's Organizations: Service, University of Maryland, Business, Amazon Web Services, Google, Big Tech

☆ My grandmother just turned 95, and she's still thriving. Here are her 3 secrets to longevity.
▼ + stars: | 2024-08-09 | by ( Kate Oczypok | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMy maternal grandmother, Theresa "Terry" Grady, just celebrated her 95th birthday in June. When my four younger siblings and I were younger, we always thought our grandmother was a "cool" grandma. Looking back on her wonderful life, it's easy to see what has helped her thrive well into her 90s. If there is one thing my grandma taught me over the years, it's the importance of family.

Persons: —, Theresa, Terry, Grady, I've, G, Ed Grady, Grandma, It's, we're Organizations: Service, Business, Facebook, Catholic

☆ I'm not paying for my kids' college tuition unless they want to be doctors or lawyers. Money isn't the issue — the ROI has to be worth it.
▼ + stars: | 2024-08-09 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

I have six children between the ages of 5 and 11, and I've told them I won't pay for college except in very limited circumstances. I'm actively encouraging my kids to consider other options and how much ROI they'll get from college. One of the most interesting responses I've gotten from my kids is asking how they can make money now. Not paying for college might force them to be more financially responsible, but only if they choose — or try — to pay for college themselves. I want them to learn to be financially responsible and viable by earning money, with or without college.

Persons: —, Bobby Kittleberger, I've, I'm, they've, They're, it's, I'd, We've, We'll, Lauryn Haas Organizations: Service, Business, Colleges, YouTube Locations: Staunton , Virginia, Virginia, lhaas@businessinsider.com

Menno van Gorp competes during the World Breaking Championships in Leuven, Belgium, in 2023. Geert Vanden Wijngaert/AP/FileTo the tune of a Miles Davis trumpet solo, Menno van Gorp is stepping up his training ahead of this year’s Paris Olympics. “I love to practice on jazz,” van Gorp tells CNN Sport. “We’re under the flag of sports now, but to me, it’s still also an art,” says van Gorp, who calls himself an “artlete” on social media. It was in winning the UK championships in 2007 that van Gorp says he “exploded onto the scene” and started to compete more regularly.

Persons: Menno van Gorp, Geert Vanden Wijngaert, Miles Davis, van Gorp’s, ” van Gorp, Menno, “, it’s, ”, van Gorp, aren’t, ” Van Gorp, Gorp Organizations: Paris Olympics, CNN Sport, Tilburg, Red Bull, South Locations: Leuven, Belgium, Paris, Netherlands, New York, South Korean

☆ How JPMorgan's crackdown on private-equity recruiting could play out for junior bankers, PE firms, and more
▼ + stars: | 2024-08-09 | by ( Emmalyse Brownstein | Reed Alexander | ) www.businessinsider.com time to read: +9 min

JPMorgan's message has become the talk of Wall Street as everyone from recruiters to junior bankers tries to figure out what it might mean for them. Here are 4 ways JPMorgan's missive could impact Wall Street, from private-equity recruiting to junior bankers who fear of losing their jobs and more. But JPMorgan's warning that coming forward could get one fired leaves junior bankers in a damned-if-you-do-damned-if-you-don't scenario. Advertisement"I think probably the biggest impact is going to be on current bankers and prospective bankers," he said. Do you work on Wall Street?

Persons: —, Chase, it's, JPMorgan, It's, Anthony Keizner, who's, Keizner, Goldman Sachs, Morgan Stanley, I'd, Emmalyse, Reed Alexander Organizations: Service, Business, JPMorgan, Wall, Search, Bankers, BI, Citigroup, Bank of America, Deutsche Bank, Barclays Locations: Instagram, New York

I didn't, and managing my money manually has been a major learning experience. For the last six years, focusing on my personal finances has been one of my main goals. However, some of the advice I received wasn't the right advice to follow, and I'm glad I didn't — especially the advice that came from a friend of mine who was on a mission to become a millionaire by age 40. Consider a financial advisor. Finding a financial advisor doesn't have to be hard.

Persons: —, doesn't Organizations: Service

☆ Ariana Ramsey: Team USA medalist becomes free healthcare advocate
▼ + stars: | 2024-08-09 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

Take Team USA’s rugby sevens bronze medalist Ariana Ramsey, for example. What she didn’t know, though, was that free healthcare was available to all athletes. Ramsey said her videos displaying her incredulity at the free healthcare were picked up by media in France and that she has received positive feedback from workers. “So when I was going into my eye doctors appointment – my free eye doctor’s appointment in the Olympic Village – my eye doctor recognized me. Free healthcare in America.

Persons: Ariana Ramsey, Ramsey, ’, ” Ramsey, Universal Free Healthcare Advocate ” Organizations: CNN, USA’s, Universal Free Healthcare Advocate Locations: Paris, France, America, American

☆ I've been to 30 tropical islands. From Bora Bora to Barbados, here are the top 5 I'd visit again.
▼ + stars: | 2024-08-09 | by ( Kelly Magyarics | ) www.businessinsider.com time to read: +1 min

I loved the luxurious vibes in St. Barts. When I wasn't window shopping or out on the water, I was lounging on the beach in St. Barts. But you don't have to be a multimillionaire to soak in the island's beguiling swankiness. During my visit, I spent an afternoon on a catamaran ride and did some window shopping at the home-design store Maison Pélican. If you're a Francophile who adores fabulous food and an upscale feel, I highly recommend St. Barts.

Persons: Barts, Kelly Magyarics, Nikki Beach, Mariah Carey Locations: St, Barts, Gustavia, Gouverneur Beach

michelle goldbergI mean, I’m a huge Walz fan, and I was worried. ross douthatSo, yeah, I mean, I’m having made the case that this pick makes sense in vibes terms. michelle goldbergYeah, I don’t think that he necessarily overperforms among conservative voters strictly defined. You don’t think that there’s a part of the country that just finds joy like a really refreshing change? I’m going there.

Persons: ross douthat I’ve, Bon Iver, Taylor Swift, I’ve, michelle cottle Oh, ross douthat, michelle goldberg, michelle cottle, Vance, I’m Michelle Cottle, Ross Douthat, Ross, Michelle Goldberg, Michelle, Harris, Kamala — Kamala — michelle goldberg Kamala, nomenon, Kamala, Chappell Roan, I’m, Frenchman, we’ll, Kamala Harris, Tim Walz, Josh Shapiro, it’s, Donald, JD Vance, Donald Trump, Biden, Walz, Sarah Longwell, Shapiro, Trump, ross douthat Let’s, It’s, that’s, John Fetterman, we’ve, Michelle Cottle, relatability, Jared Golden, Joe Manchin, Mary Peltola, —, Bernie, you’ve, who’s, Josh Shapiro doesn’t, don’t, you’re, Shapiro wasn’t, JB Pritzker, The New York Times ”, here’s Shapiro, Netanyahu, Donald Trump’s, John Kerry, — ross douthat, “, we’re, Bone, michelle goldberg Ross, George Floyd’s, there’s, George Floyd, That’s, It’s Trump, michelle cottle Ross, Joe Biden, Hillary Clinton, ross, hadn’t, “ Trump, MAGA, michelle cottle It’s, he’s, she’s, Tucker Carlson, — michelle cottle, ross douthat —, doesn’t, chameleons, He’s, McKay Coppins, it’s Kamala, Sarah Palin’s, John McCain, Mike Pence, Dick Cheney, George W, ”, michelle cottle “ Sunny, ” ross douthat, Rashida Jones, — ross, ” michelle goldberg, michelle cottle Juicy, “ Severance, michelle cottle Nice Organizations: “ New York, Minnesota, Twitter, Republican, Trump, Democratic, America, Democratic Party, Dartmouth, Biden, The New York Times, Bone Spurs, Vance, Republicans, Air Force, Atlantic, Democrat Locations: Tay, “, Pennsylvania, Brooklyn , New York, Wisconsin, San Francisco, relatability, America, Maine, Alaska, California, Israel, Palestine, Minnesota, Italy, Minneapolis, Afghanistan, Ukraine, Trump, United States, Michelle, Kyoto, Japan

☆ Opinion | Nancy Pelosi: ‘It Didn’t Sound Like Joe Biden to Me’
▼ + stars: | 2024-08-09 | by ( Ezra Klein | ) www.nytimes.com time to read: +55 min

And they know you’re going to act so they won’t mess with you. Put it in somebody else’s mouth because it was AI mean, it didn’t sound like Joe Biden to me. I think you’re I think you’re underselling this a little bit. And if they don’t, I’m going to keep my promise and send them 100 powdered wigs because they’re just living in a different era. All these other politicians, these career politicians didn’t know how to make a good deal.

Persons: Nancy Pelosi, Harris, Tim Walz, Al Gore, They’re, he’s, Joe Biden, Obama, Walz, Donald Trump, it’s, Trump, Said, JD Vance, Kamala Harris, Gavin Newsom, Ro Khanna, Scott Wiener, haven’t, Liam McCarthy, Willie Brown, George Moscone, Leo, Dianne Feinstein, It’s, Kamala, she’s, let’s, Suzan, You’ll, That’s, you’ll, I’m, that’s, We’re, I’ve, He’s, what’s, Bob Dole, George Bush, Svetlana, they’re, Scott Brown, Ted Kennedy’s, Ted Kennedy, Scott Brown’s, We’ve, you’re, Bill, Harry, Harry Reid, Pelosi, John Boehner, you’ve, Weaver, that’s O.K, Kevin McCarthy, kaka, Bernie Sanders, Sanders, Ted Cruz, Let’s, Barney Frank, Bill I, Steny Hoyer, don’t, You’re, John Dingell, Roe, Ira, Biden, McCarthy, o’clock, Wade, Kathy Manning of, Kathy Manning, didn’t, America’s, Republicans can’t, You’ve, Mary Barra, Steph Curry, Elton John Bono, Bill Gates, ain’t, Abraham, Little, Hillary, Norman Lear, Umberto, Gabriel Garcia Marquez’s, I’ll, Darwin, Lincoln Organizations: Democratic Party, Democratic, Republican, Veterans Affairs, Trump, Republicans, Democrat, San, Cal Stanford, University of San, Morning, NATO, Affordable, Senate, White House, California Democratic Party, Technology Committee, North, Global, Abraham Accords, Rogue, Republican Party Locations: America, Minnesota, San Francisco, University of San Francisco, United States, It’s, Belarus, Massachusetts, California, Iraq, Idaho, Italian, Kathy Manning of North Carolina, China, Sudan, Michigan, Arizona, David, South, Baltimore

See how we rate credit cards to write unbiased product reviews. I grew up in poverty, but as I started my financial journey, I benefited from cash-back credit cards. While travel rewards cards may offer better overall rewards, cash-back cards make small splurges easy. Many cash-back cards come with a sign-up bonus as well — often up to $200 extra. Business Insider's pick for the best cash-back credit card for everyday use is the Chase Freedom Unlimited®.

Persons: —, I've Organizations: Service, Chase Locations: U.S, I'm

☆ I lived in 2 big cities before moving back to my hometown. I can finally afford a home — and I got paid $5,000 to do it.
▼ + stars: | 2024-08-09 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

The Move to Columbus program was sent to me by probably three family members and four friends. I was born and raised in Columbus, Georgia. Before I moved back, I lived in Nashville for seven years and spent two years in Tucker, Georgia, just outside of Atlanta. Bishop's home in Columbus, Georgia. AdvertisementA waterfront in Columbus, Georgia.

Persons: —, Will Bishop, it's, we'd, would've, they're, SeanPavonePhoto, we've, we're, Will Bishop We've, grandpa who's, It's Organizations: Service, Business, Will, Navy Locations: Columbus , Georgia, Columbus, Nashville, Tucker , Georgia, Atlanta . Columbus, Atlanta, Atlanta Real

☆ I landed a job in venture capital at 24 after changing my career path twice. Here's how I got the coveted job with a varied résumé.
▼ + stars: | 2024-08-09 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

My first job out of university was at a tech PR firm. I've always liked wearing different hats, and these threads led me to join Playfair, a generalist VC fund. I was so surprised at how relevant my PR experience wasI was so surprised at how relevant my PR experience was because so much of VC is investor relations. If your background is generalist and diverse, that kind of VC fund would likely suit you. But if you started your career with a technical background, you'd perhaps be suited to a deep tech fund.

Persons: Lucia Polverino, —, Piper Sandler, I've, I, Playfair, It's, it's, that's, grads Organizations: Service, Business, KKR, LexisNexis Locations: London, American

☆ Teenagers who turned $400 into a six-figure business share 4 strategies that helped them scale
▼ + stars: | 2024-08-08 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Read previewJacob Shaidle started cleaning barbecues in the summer of 2021 to fund his education. AdvertisementShaidle started cleaning barbecues in 2021 to pay for his university tuition. Over the past year, the teens, who are heading into their third year at the University of British Columbia, have grown Shaidle Cleaning to six figures in annual revenue. One is a small business called Strodes, a butcher shop deli that makes its own all-natural, chemical-free degreaser that Shaidle Cleaning buys in bulk. Go digitalDuring his first two summers in business, Shaidle acquired clients through door-knocking and word-of-mouth.

Persons: —, Jacob Shaidle, he'd, Shaidle, Aran Giffen, Lean, Giffen, it's, Aran, Jake, They'll, they're, you've Organizations: Service, Business, University of British, Insight, Hamilton Spectator Locations: Hamilton , Ontario, University of British Columbia, Ontario, We've

☆ When my family moved from the US to the UK, I enrolled my kids in an IB program. They're now better prepared for college.
▼ + stars: | 2024-08-08 | by ( Fabriene Prudencio | ) www.businessinsider.com time to read: +5 min

However, when we relocated to the UK, as an educator myself, I knew that I wanted an International Baccalaureate (IB) education for all of my children moving forward. Our twins, both now 18, have just completed their final year of the IB program and will attend university. In those middle years at school, children are supposed to be focussing on learning and developing key skills. The IB has prepared my children better for universityWhile my older twins have found the IB challenging, the program has also nurtured their passion for learning, encouraging their intellectual curiosity. This is because an IB school gets students involved in group projects, independent research, and advanced writing assignments throughout their education.

Persons: —, Egham Organizations: Service, Business, IB, Egham, Oxford Locations: Miami, Cambridge

☆ Brenda Wineapple Has Come Around on Historical Fiction
▼ + stars: | 2024-08-08 | by ( ) www.nytimes.com time to read: +1 min

Jan Morris’s “Trieste and the Meaning of Nowhere.” It’s about the city she first visited as a soldier after World War II — and about the weirdness of time and history. Also Fernanda Eberstadt’s nervy “Bite Your Friends,” stories of artists and activists who use their bodies to defy the status quo. Mine is an orderly disorder: I keep the books I’m reading and using for work near at hand, even if that means on the floor around my desk. Reading a novel in the wee hours of the morning, when the city is quiet. I curl up on the couch beneath my favorite bookcases, and often stay there until the sky is streaked with morning light.

Persons: Jan Morris’s “, Fernanda Eberstadt’s nervy, Jenny Erpenbeck’s “, ”, Brenda Starr, Dale Messick, alphabetizes Locations: Jan Morris’s “ Trieste

☆ My husband and I met while training for triathlons. Our marriage is stronger for it.
▼ + stars: | 2024-08-08 | by ( Lauren Gumpert | ) www.businessinsider.com time to read: +5 min

In a fitting end to my athletic career, my husband and I got married after competing together on the college triathlon team. As our family continues to grow and change, we maintain a team-oriented approach that strengthens our bond in several ways. We continue to practice and improveSince we're still pretty new to the parenting game, we don't have much training under our belts. But hard things become easier with practice, something that my husband and I understand after years of athletics. Back when we were competing, my husband and I devoted extra time to our mental and physical well-being.

Persons: Thomas, it's, We've, he'll, we'll Organizations: Service Locations: LSU's

☆ The Endless Quest to Max Out on Happiness - The New York Times
▼ + stars: | 2024-08-08 | by ( Jessica Grose | ) www.nytimes.com time to read: +1 min

Three times a day my phone pings with a notification telling me that I have a new happiness survey to take. After I took 100 surveys over about a month, that’s not what my results told me. I reported the most happiness when I was eating and the least when I was working. Being reminded that most of my life is obligatory does not exactly spark joy. Rather than just walking one of my kids home from school and contentedly listening to her chatter about sedimentary rocks, I was thinking about the survey’s infernal happiness toggle and where this experience ranked relative to the other moments I had tracked.

Persons: that’s Locations: TrackYourHappiness.org

☆ I quit my job at 55 and moved to Italy for retirement. I lost my incredible pension, but I'm so much happier now.
▼ + stars: | 2024-08-08 | by ( Jane Ridley | ) www.businessinsider.com time to read: +6 min

I quit my government job in January 2022, two months after returning from a European vacation with my son, Ryan. I lost count of the people who said I'd lose a big chunk of my pension if I didn't retire at 65. Ryan qualified for Italian citizenship if he wanted to apply for it. AdvertisementSperoni and her son, Ryan, when they lived in Sacramento. He said I'd love the place.

Persons: —, Lisa Speroni, Ryan, I'd, isn't, I'm, Speroni, he'd, Medusa, — I'd, Italy Ryan, I've Organizations: Service, Business Locations: Italy, California, Italian, Sacramento, Florence, Salerno, Turin, Amalfi Coast, Rome

☆ Everyone from Starbucks to Chinese giants wants in on the boba tea craze. Meet the family who says they started it all.
▼ + stars: | 2024-08-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +11 min

Chun Shui Tang founder Liu Han-chieh and managing director Angela Liu at one of their company's teahouses in Taichung. Chun Shui Tang's executives appear unperturbed by the many shapes and forms boba tea takes these days — Heinz ketchup boba tea, anyone? AdvertisementIn 2008, Chun Shui Tang introduced a boba tea hot pot with a savory tea-infused broth. Huileng Tan/Business InsiderChun Shui Tang OG shop in Taichung is a tourist hotspotToday, Liu's OG Chun Shui Tang teahouse in Taichung is on many tourists' checklists. Chun Shui Tang founder Liu said he isn't worried about the competition, because the market is big enough for everyone.

Persons: —, Chui, Chui Shui Tang, Chun Shui Tang, Liu Han, Liu, It's, Lin Hsiu, Chun, Huileng Tan, Lin, Angela —, doesn't, he's, Tang, He's, boba, Tu, Liu's, Angela, Chun Shui, Angela Liu, Heinz, they've, Liu wasn't, Mark Anthony Villones, Villones, Filippino Mark Anthony Villones, Kayne Sy, China Chun Shui Tang, Jason Yu, Kantar, Aly Song, Yu, it's Organizations: Service, Business, Chun Shui, Starbucks, Purdue University, Chun Shui Tang, Liu's, BI Locations: Chui Shui, Taiwan, Taichung, Japan, Tainan, China, Huileng, —, Philippines, Central China, Hong Kong

☆ A guide to the wild week of trading, from Monday's 'flash crash' to the yen to the volatility spike
▼ + stars: | 2024-08-08 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

.VIX YTD mountain Cboe Volatility Index in 2024 That is literally what the VIX measures: expectations for volatility over the next 30 days. Was Monday a 'flash crash'? A "flash crash" is a sudden and severe price drop that lasts for a very short period, usually a few hours. "It appears that the sell-off of August 5th qualified as a flash crash, although it was rather modest by historical standards," he told me. During the 1987 flash crash, Higgins said an investor was trying to orchestrate trades on the phone while he was preparing to go to his relative's funeral.

Persons: Jamie Dimon, Alec Young, haven't, Mark Higgins, Higgins Organizations: Bank of Japan, Yen Trust, JPMorgan Chase, Fund, Dow Jones Locations: Japan, backwardation

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