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Stock market volatility is back in a big way: The Dow is set for a big rally Friday after a two-day meltdown.Dow futures pointed to a 350-point jump at the open. The Dow lost 1,378 points over Wednesday and Thursday.The broader S&P 500 also looked like it would rally, with futures about 0.9% higher. The Nasdaq, which has taken the brunt of the recent stock market turbulence, was set to rise 1.5%.Why are markets suddenly bouncing back? News late Thursday that President Donald Trump would meet next month with Chinese leader Xi Jinping at the G-20 summit eased some of investors' fears about another trade war escalation. On Friday, China reported its exports rose nearly 15% in September, stronger than expected. That suggests China is weathering the first waves of new tariffs that the Trump administration imposed on billion of Chinese exports this summerEarnings season also kicked off Friday morning, with JPMorgan (JPM) and Citigroup (C) reporting their quarterly finances before the bell. Wall Street analysts expected banks to post another incredibly profitable quarter — and JPMorgan managed to beat their already lofty expectations.In times of market turbulence, there's nothing like soaring profits to calm investors' nerves.Tech stocks have come under fire because they are some of the riskiest and most expensive parts of the market. Investors fear that tech companies may not hold up well in a downturn, particularly as interest rates spike. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.But Big Tech on Friday looked to regain some of their losses. Facebook (FB) rose 1%, Amazon (AMZN) was up 3%, Apple (AAPL) rose 2%, Netflix (NFLX) was up 4% and Google (GOOGL) bounced back 2%.Asian and European markets also came back Friday. The Hang Seng soared 2.2%. Stocks in Shanghai rose 0.9% and the Nikkei rose 0.5%. Stocks in London, Germany and France all rose about a half percentage point.Stocks had turned sharply south over the past week because investors are concerned about rising interest rates. As the Federal Reserve raises rates to keep the economy from overheating, investors have been getting out of bonds, driving down their price and driving up their yields. Suddenly, the return on bonds has become competitive with some stocks — particularly risky tech stocks.Rising interest rates also increase borrowing costs for households and businesses, eating into corporate profits.The VIX volatility index touched its highest level since February.The-CNN-Wire 2531

The auction house says it didn't know anything about it. The artist famously doesn't like to show his face. The buyer is a mystery. So, for that matter, is the seller.In the case of the "self-destructing Banksy", nothing adds up.The startling stunt at Sotheby's in London has set the art world aflame. The image of a girl reaching out for a red, heart-shaped balloon had just sold, for .4 million.Moments later, a shredder hidden inside the picture frame began to whirr, the canvas slid down, and at least part of it ended up in strips.Sotheby's claimed it had been "Banksy'd."The British street artist, famous for being faceless, is certainly well known for his stunts. In 2006 he secretly erected a life-size replica of a hooded Guantanamo Bay detainee inside a ride in the California Disneyland theme park. In 2013 he set up a stall selling his original artwork for in a New York market and filmed people passing by, convinced that because of the price, the works were fake. 991

STEAMBOAT SPRINGS, Colo. – Hig Roberts, a decorated Alpine skier, has come out as gay.The two-time U.S. national champion joins a small group of LGBTQ skiers who have come out publicly in a sport that The New York Times describes as “closed and clubby.” That includes freestyle skier Gus Kenworthy, who revealed he is gay on ESPN in 2015.This makes the 29-year-old the first current or former male Alpine skier of his caliber to come out publicly in Alpine skiing, The Times reports.In an interview with The Times, Roberts said Alpine skiing has a hyper-masculine vibe and he was pressured to conform. He said that eventually, not being able to be openly gay as a professional athlete was hindering his performance.Roberts, who grew up in Steamboat Springs, Colorado, retired from skiing in March 2019 and moved to Norway to work in finance, but has since moved back to the U.S.He told The Times that he decided to come out in part to inspire young skiers and to let them know they can compete at the highest levels no matter their sexuality.Throughout his career, Roberts made 31 World Cup starts, competed for the U.S. Ski team and won two national titles. He never got the opportunity to compete in the Olympics, but he was the first alternate in the 2018 Pyeongchang, according to Out Magazine.Still, Roberts told the magazine that he hopes to get involved with Olympic athletes in the future to foster spaces where athletes are comfortable to be themselves, while still working to be the best in their sports. 1522

The attorney for the limousine company whose vehicle crashed in upstate New York on Saturday disputed statements from officials that the stretched Ford Excursion should have never been on the road.Prestige Limousine & Chauffer Service attorney Lee Kindlon said the state Department of Transportation conducted a periodic inspection last week and discovered "minor safety infractions" including inoperative or defective windshield wipers and a broken latch on a window.Both issues were fixed and, "as recently as last week they were told by the Department of Transportation that they could, that this vehicle was roadworthy and they could drive it," Kindlon said. "I am disputing that any recent failures of minor safety defects contributed to this crash," he said.State officials charged back, saying the vehicle was not allowed to be in service."The assertion that the limousine was cleared to be on the road following the September inspection is categorically false," said Joseph Morrissey, spokesman for the New York State Department of Transportation, in a statement. "The vehicle was subject to inspections and the owner was warned not to operate the vehicle; the vehicle was placed out of service."For reasons still unknown, the limo plowed through a stop sign in Schoharie and crashed into a parked SUV. The crash left 20 people dead, including the 17 passengers who rented the limo for a birthday party, two pedestrians and the driver.Federal, state and local investigators have flooded Schoharie to try to understand what caused the deadliest U.S. transportation accident in almost a decade. The wreck has placed Prestige Limousine Chauffeur Service and its owner, Shahed Hussain, under scrutiny. 1717

The Arctic is experiencing a multi-year stretch of unparalleled warmth "that is unlike any period on record," according to the 2018 Arctic Report Card, a peer-reviewed report released Tuesday morning from the National Oceanic and Atmospheric Administration, an agency within the United States Department of Commerce.The report states that human-caused climate change is transforming the Arctic, both physically through the reduction of sea ice, and biologically through reductions in wildlife populations and introduction of marine toxins and algae.The report is yet another study from part of the US government indicating that climate change is real and having a profound impact, despite denials from the President and senior members of his Administration.Temperatures in the Arctic are warming more than twice as fast as the overall planet's average temperature, with temperatures this year in the highest latitudes (above 60 degrees north) coming in 1.7 degrees Celsius (3.1 degrees Fahrenheit) above the 1981-2010 average. These were the second warmest (behind 2016) air temperatures ever recorded during the Arctic year, which runs from October through September to avoid splitting the winter season.The five years since 2014 have been warmer than any other years in the historical record, which goes back to 1900. Although Arctic temperatures have been subject to wild swings back and forth through the decades due to natural variability, they have been consistently warmer than average since 2000 and at or near record since 2014, the report states."The changes we are witnessing in the Arctic are sufficiently rapid that they cannot be explained without considering our impacts on the chemistry of the atmosphere," Thomas Mote, a research scientist at the University of Georgia who authored part of the report, told CNN in an email.Mote expressed than any natural cycle or mechanism that would lead to the amount of warming and ice loss that has been observed would take much longer than the few years over which we have seen these drastic changes. 2074