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Reasons Stocks Are Tumbling Worldwide On ‘Black Monday’

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Wall Street woke up to, if not a Black Monday, at least a Blackish Monday. 

Markets around the world tumbled toward historic losses amid a toxic cocktail of financial volatility. As the global sell-off hacksawed European and Asian markets, U.S. traders braced for the worst. The New York Stock Exchange invoked the rarely used Rule 48, allowing stocks to open without any price indications.

But don’t panic. The market is already correcting the reverse.

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!!!!!BN2015-8-24WORLDWIDE FREEFALL1Image: Breaking News and Opinion on The Huffington Post

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Click link below for article and charts:

http://www.huffingtonpost.com/entry/5-reasons-stocks-black-monday_55db1438e4b04ae4970394b4?2cp4lsor

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Israel’s Mobileye starts road show for $500 million NYSE IPO

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~~~~Reuters1
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Mobileye N.V., which makes software and cameras that help cars avoid accidents, said on Monday it has launched a road show for its U.S. initial public offering of around $500 million.

The Israeli based company will sell 27.75 million shares – 8.325 million by Mobileye itself and another 19.425 million by the selling shareholders.

Mobileye said it expects the IPO on the New York Stock Exchange to price at $17 to $19 a share and list under the symbol MBLY. That would bring in proceeds of $472 million to $527 million.

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A device, part of the Mobileye driving assist system, is seen on the dashboard of a vehicle during a demonstration for the media in Jerusalem October 24, 2012. Mobileye, which makes technology to help drivers, expects sales to more than double every year for the next few years as car manufacturers look to offer more safety features and self-drive cars gain in popularity.
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