In The News:
You’ve Been Compromised…
Russian hackers have apparently struck again. This time, it was an attack on the U.S. financial system. In mid-August Russian hackers infiltrated and stole data from JPMorgan Chase & Co. (JPM) and at least four other bank. The incident is currently being investigating by the FBI as a possible retaliation for government-sponsored sanctions. Authorities are investigating whether recent infiltrations of major European banks using a similar vulnerability are also linked to the attack.
Hackers may have used a software flaw known as a zero-day vulnerability in one of the banks’ websites. The hackers then plow through layers of elaborate security to steal the data, a feat security experts said appeared far beyond the capability of ordinary criminal hackers.
Our Leader Has Returned….
In a statement Wednesday Market Basket, the New England supermarket chain who has been in turmoil for weeks after their former CEO had been fired announced former CEO Arthur T. Demoulas would be returning to the company. In June, Arthur T. Demoulas was ousted by a board of directors controlled by his cousin, Arthur S. Demoulas, causing workers to stage protests. Hundreds of warehouse workers and drivers refused to deliver food to the chain’s stores in Massachusetts, New Hampshire and Maine, leading to empty shelves and tens of millions in lost revenue. Arthur T. Demoulas has reportedly made a $1.5 billion offer to buy out the part of the company by his cousin, paving the way for his return to the supermarket chain. All associates will be welcomed back to work with Arthur T. and his former management team. The company is hoping to restore daily operations soon.
In The Markets:
Asian closed lower on Thursday despite a positive hand off from Wall Street.
European stocks took a pause from a two day rally closing lower on Wednesday. Investors continued to weigh weak economic data against hopes the ECB will introduce new stimulus measures.
US market closed slightly higher on Wednesday as investors juggled earnings and geopolitical events. DJIA: +15.31 17122.01 NASDAQ: -1.02 4569.62 S&P: +0.10 2000.12
In Word Of The Day:
REIT (Real Estate Investment Trust):
A type of security which can sell like a stock on the major exchanges and invests in real estate directly. REIT’s receive special tax considers and typically offer investors higher yields.
In Dinner Or Drink:
1 oz. white rum
3/4 oz. Southern Comfort® peach liqueur
1/3 oz. triple sec
4 Oz sparkling bitter lemon soda
Pour into an ice-filled highball glass, garnish with fruit, and serve.