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Apr 29

News:

Tweet, Tweet…

On Tuesday, Twitter (TWTR) delivered its weakest quarterly revenue growth as a publicly traded company. Twitter’s disappointing earnings report has cast a shadow on its shrinking advertising business, which, until now, has been its bright spot. To make matters worse for the company, its earnings results were leaked on to social media an hour before their expected release, thereby sending both the company and its stock into a downward spiral. A small New Jersey firm that crawls the Web for financial data found a link to Twitter’s new release and began tweeting the company’s results. This disclosure prompted the company to halt trading of its shares on the New York Stock Exchange. Once trading resumed, the stock was down nearly 20%. Twitter’s revenue growth of 74% from a year earlier fell short of its own projections and analysts’ expectations. The company also lowered its forecast for the current quarter as a result of the disappointment. Twitter shares closed down $9.39 at $42.27.

Sharing is Caring

AOL and NBCUniversal announced they have signed a licensing and distribution agreement that will allow the two companies to share content and develop joint programming. The partnership give AOL access to NBCUniversal’s portfolio of broadcast networks, cable channels and networks, including NBC, CNBC, and Telemundo. The two companies are also in talk to create programming that could appear on both of their platforms. The new partnership gives advertisers a one-stop shop for reaching customers across mobile devices and TV. The move comes as media companies are trying to adapt to the changing viewing habits of consumers. The shift in viewing habits also has advertisers struggling to adjust to so much content on so many different screens.  Shares of AOL closed down $0.29 on Tuesday.

Markets:

Asia:

Asian markets closed lower on Wednesday, as investors wait for words of wisdoms from the Fed’s policy meeting.

Europe:

European shares closed down on Tuesday. Investors took a breather and cautiously looked ahead to Wednesday’s fed policy announcement.

U.S:

U.S. stocks closed mixed after a choppy trading session, as investors digested disappointing corporate earnings, anxiety over Wednesday’s fed meeting, and lower than expected durable goods orders.  DJIA: +72.17 18.110.14 S&P: +5.84 2,114.76 NASDAQ: -4.82 5,055.42

Word of the Day:

Joint Venture (JV)

An agreement between two or more parties who agree to pool their resources for the purpose of accomplishing a specific business activity, like a project. In a joint venture, each of the parties is responsible for profits, losses, and costs associated with the business activity. However, the venture is its entity, separate from the participant’s other business interests.

Dinner or Drinks:

Handy Bird

Ingredients:

1.25 Pierre Ferrand Cognac (1840)

.75 Rittenhouse Rye

.5 Dry Curaçao

2 dashes Hair of the Dog Bitters

Lemon Twist

Absinthe (Rinse)

Instructions:

Add the Cognac, Rittenhouse Rye (or other 100 proof rye), Dry Curaçao and bitters to a chilled mixing glass. Add ice and stir until well chilled. Rinse a chilled cocktail glass with absinthe and then strain the drink into the glass. Garnish with a lemon twist.

Like our drink today, click here for more.

 

Apr 28

News:

You’ve Been Served

On Monday, Walt Disney Co.’s ESPN filed a lawsuit against Verizon Communication (VZ). ESPN alleges that the telecom company’s new “skinny” package breaches its distribution contract by unbundling the sports channel from the main programming line-up of Verizon’s FiOS TV. ESPN is fighting Verizon’s discounted “Custom TV” package because it gives subscribers the option of bypassing the sports channel in their programming selections; this violates pay-tv requirements, which stipulate that ESPN be included in the main bundle of programming. The legal showdown could set a new standard for how other pay-tv programs are packaged in the future and comes just as cable and satellite service providers are scrambling to keep customers. Verizon shares closed up $0.05 on Monday.

Free At Last

Chipotle (CMG) announced it will completely phase out genetically modified ingredients from its menu, making it the first national fast-food chain to do so. The chain has already been mostly non-GMO ingredients for a while however, it has been working on making final changes to its tortillas. To rid its menu of GMO ingredients, Chipotle has found suppliers who plant non-GMO corn varieties for is tortillas and has started using  new oils, which are made from crops which do not contain any genetically modified varieties. According to the company the changes have not resulted in higher costs and it will not be raising prices.

Markets:

Asia:

Asian shares closed mixed on Tuesday, as investors digested a slew of corporate earnings while wondering what clues the Federal Reserve meeting this week will bring.

Europe:

European markets rose Monday after reports claim Greece is making progress in its debt negotiations.

U.S:

U.S. stocks closed lower on Monday. Investors took profits from last week’s gains while turning slightly cautious ahead of this week’s Federal Reserve policy meeting. DJIA: 42.17 18,037.97 S&P: -8.76 2,108.93 NASDAQ -31.84 5,060.25

Word of the Day:

Credit Risk

The risk investors could lose their principal or financial reward when a borrower fails to repay a loan or otherwise meet a contractual obligation. Investors are compensated for assuming credit risk by higher interest payments from the borrower or issuer of a debt obligation.

Dinner or Drink:

Fresh Watermelon Margarita

1 Watermelon (sliced)

.25 oz. Agave syrup (1 part agave nectar, 1 part water)

1.5 oz. Don Julio Blanco Tequila

.5 oz. Lime juice

Garnish:  1 Watermelon slice

Glass: Martini
In a shaker, muddle the watermelon and agave syrup

Add the remaining ingredients and fill with ice

Shake well and double strain into a chilled Martini glass

Garnish with a watermelon slice

 


 

Apr 27

News:

Party On Us…

On Friday night, Starbucks (SBUX) suffered a computer outage that affected its sales registers. The outage affected 8,000 company-operated Starbucks stores in the United States and Canada, forcing many of them to either close early or give their customers free coffee. In a statement on its website, the company said the outage was caused by a failure in its daily computer system refresh and that it was “actively working to resolve the outage.” All stores were able to open on Saturday as normal.

Good Riddance

On Friday, PepsiCo announced it would remove the sweetener aspartame from Diet Pepsi and replace it with Sucralose, a less controversial artificial sweetener. The move is the boldest change to a major company’s cola recipe, since Coke tried to launch New Coke. PepsiCo said the move is in response to consumer surveys showing aspartame was the No. 1 reason Americans are avoiding diet colas. The move is a risky one, as it will change the taste of Diet Pepsi at a time when customers are running away from sodas in general, instead preferring to consume natural foods and beverages. Shares of Pepsi closed down on Friday.

Markets:

Asia:

Asian markets closed mix on Monday as investors shrugged off week Chinese industrial-profit focusing instead on reports HSBC is planning a possible spin-off of its U.K retail bank.

Europe:

European markets finished out the week higher as a slew of corporate earnings news put investors in a buying mood.

U.S:

U.S. stocks closed higher on Friday, sending both the NASDAQ and S&P 500 to new all-time highs. Better-than-expected earnings put investors into a spending mood however, investor conviction remained low throughout the trading session. DJIA: +21.45 18,080.14 NASDAQ: +36.02 5,092.08 S&P: +4.77 2,117.70

Word Of The Day:

Treasury Bond/T-Bond

A fixed-interest, tradable U.S government debt security with a maturity of more than 10 years. Treasury bonds pay semi-annual interest payments and the income received is taxed only at the federal level.

Dinner or Drink:

Tropical Pepsi Float

2 oz. triple sec
2 Oz Parrot Bay coconut rum
1/2 oz. sweet and sour mix
top off with Pepsi® cola

 

Served in the Collins glass (14oz), fill glass 3/4 with ice, then add the triple sec, then add the coconut rum, then the sweet and sour. Float the Pepsi right on top. Serve with a straw and garnish with a thin slice of orange peel. Let the drinker enjoy the color separation and mix with the straw.


 

Apr 23

News:

Hello Moto…

Google (GOOGL) launched its new wireless service across much of the United States on Wednesday. The new service, called Project Fi, will cost $20 a month for talk and texts, including Wi-Fi hookups and international coverage in more than 120 countries. Users can add gigabytes of data for an extra $10 per month. If users do not use all their data in a given month, their account will be credited and the service will automatically default to free Wi-Fi airwaves when available. Google’s move into the wireless arena could prove tricky since it now will rely on its “competitors” to promote and distribute phones that are compatible with the Android operating system and Google apps. Google, however, see its entry into the wireless domain as a way of expanding its access  to the Internet and making it more affordable to consumers everywhere.

So Happy Together…

Thursday, Citigroup (CITI) and AT&T plan to announce their new co-branded loyalty credit card that will offer users a free smartphone and three rewards points for each dollar spent on online purchases at retail and travel websites. The new card, called AT&T Access More, will join AT&T and Citi’s existing co-brand card, AT&T Universal, which has fallen behind competitors in recent years. Lenders, such as Citigroup, prefer to co-brand with top brands because they are considered less likely to rack up defaults and delinquencies than plain Jane cards. The new card aims to revitalize the 17 year relationship between the two giants.

Markets:

Asia:

Asian markets closed mostly higher on Thursday, despite news China’s manufacturing activity hit a one-year low.

Europe:

European markets closed mixed on Wednesday, as investors tried to digest a slew of earnings from European companies.

U.S:

U.S. stocks closed higher on Wednesday. Shares of Visa led the rally after China announced it will open its markets up to clear domestic bank card transactions. DJIA: +88.68 18,038.27 S&P: +10.67 2,107.96 NASDAQ: +21.07 5,035.17

Word of the Day:

Exchange Traded Funds (ETF)

A security that tracks an index, a commodity or a basket of assets like an index fund, however it trades like a stock on an exchange. ETFs experience price changes throughout the day as they are bought and sold just like their BFF, stocks.

Dinner or Drink:

3 Cowboys Robbing A Bank

1 part of Jack Daniel’s® Tennessee whiskey

1 part of Jim Beam® bourbon whiskey

1 part of Johnnie Walker® Scotch whisky
1 part of Goldschlager® cinnamon schnapps

 

Start with Jack Daniels, Jim bean, Johnny walker, and top it off with Goldschlager.

 

 

 


 

Apr 22

News:

In A Flash…

On Tuesday, the Department of Juctice had a U.K man arrested on charges he contributed to the May 2010 flash crash, during which the Dow Jones plunged 600 points within minutes in a single trading session. Navinder Sarao is now in the custody of U.K authorities and faces fraud, manipulation, and “spoofing” charges.  Sarao also faced charges from the U.S. Commodity Futures Trading Commission (CFTC), who claims he played an integral role in contributing to the flash crash on May 6, 2010. The CFTC, in its complaint said Saro over a period of five years engage in a massive effort to manipulate the price of stock market futures contacts by utilizing a variety of exceptionally large, aggressive, and persistent spoofing tactics. Spoofing techniques involve placing and quickly cancelling large orders with no intention of the orders ever resulting in a transaction. According to the CFTC Sarao’s conduct continued until as recently as April 6, 2015.

Rigged…

On Wednesday, the European Union (EU) formally charged Russian energy giant OAO Gazprom (OGZPY) with abusing its dominance in European natural gas markets, a move which may widen its rift with Moscow. The EU claims the company unfair pricing might have resulted in higher gas prices, hindering competition in the gas supply markets in eight EU countries- Bulgaria, the Czech Republic, Estonia, Hungry, Latvia, Lithuania, Poland, and Slovakia. In these countries Gazprom is suspected of charging wholesalers prices which were significantly higher compare to the company’s costs or benchmark prices. The company has 12 weeks to respond to the EU’s concerns and can request an oral hearing.

Markets:

Asia:

Asian stocks traded higher on Wednesday, with markets in Japan and Shanghai closing at new multi-year highs, as investor ride the QE wave.

Europe:

European markets closed higher on Tuesday after positive earnings rallied markets.

U.S:

U.S. shares closed mixed on Tuesday as investors reacted to the continued trend of earnings beats and revenue misses. DJIA: -85.34 17,949.55 S&P 500: -3.1 2,097.29 NASDAQ: +19.50 5014.10

Word of the Day:

European Union (EU)

The European Union is an economic & political union of 28 member states that are primarily located in Europe.   Its de facto capital is Brussels, and its goal is to develop a single market system of standardized laws and currency that will be applied to all member states.

Current EU member states:

Austria Belgium Bulgaria
Croatia Cyprus Czech Republic
Denmark Estonia Finland
France Germany Greece
Hungary Ireland Italy
Latvia Lithuania Luxembourg
Malta Netherlands Poland
Portugal Romania Slovakia
Slovenia Spain Sweden
United Kingdom

Dinner or Drink:

Rush Hour Russian

6 oz. coffee

1/4 oz. Vincent Van Gogh® Espresso vodka

1/2 oz. Kahlua® coffee liqueur
1/2 oz. Bailey’s® Irish cream

Fill glass overflowing with ice add 3/4 full with coffee. If coffee was hot add more ice to fill after coffee is added. Add to top of coffee: 1/4 oz. Van Gogh Espresso Vodka, 1/2 oz. Kahlua and 1/2 oz. Bailey’s Irish Crème. With Bailey’s last it gives a nice creamy effect.

Like our drink, click here for more.

 

Apr 21

News:

Not Your Mom’s Mac n’ Cheese…

Kraft (KRFT) pledged Monday to remove artificial preservatives and dyes from its Mac & Cheese, replacing them with naturally sourced coloring ingredients like turmeric, paprika, and annatto. The move comes after consumer demand for healthy, simple ingredients has become a powerful force in shaping the food industry. Kraft had been facing increasing pressure from consumers and outspoken food activists like Vani Hari, aka the Food Babe. Hari’s change.org petition demanding Kraft remove yellow dye 5 and yellow dye 6 from its Mac & Cheese gathered over 365,000 signatures. Earlier this year, the company re-launched its Macaroni and Cheese Box Shapes, popular with the little ones, without any synthetic dyes or artificial preservatives and flavors. Shares of Kraft closed higher on Monday.

On Track…

Comcast Corp (CMSA) and Time Warner (TWC) are sitting down with the Department of Justice (DOJ) for the first time, as they try to keep their merger alive and on track. All the parties haven’t met face to face to hash out the possible concessions, and the two companies will have to make nice with the DOJ to get their blessing. The  DOJ and Federal Communication Commission (FCC) are concerned the combined company will wield too much power in the broadband Internet market and give it an unfair competition advantage against TV channel owners and companies who offer video content. The DOJ, which evaluates antitrust concerns, and the FCC must decide if the merger is in the public’s best interest. The meeting has made many on Wall Street nervous, as they speculate the two companies many not be willing to agree with enough of the concessions to get the deal done.

Markets:

Asia:

Asian stocks rallied on Tuesday, drawing support from yesterday’s global rally induced by China’s move over the weekend to stimulate its cooling economy.

Europe:

European stocks rallied on Monday, recovering from last week’s selloff, after China cut its reserve rates for banks in hopes more money will be pushed into its slowing economy.

U.S:

U.S. markets rallied on Monday, with the Dow Jones adding triple digits, as China’s stimulus overshadowed Greece’s debt issues. DJIA: +208.63 18,034.93 S&P: +19.22 2,100.40 NASDAQ: +62.79 4,994.60

Word of the Day:

Bond Default

A Bond default occurs anytime a debtor is unable to meet the legal obligation of repayment.

Dinner or Drink:

Sassy Mac and Cheese

1 egg

2 cups milk

¼ cup GREY POUPON Harvest Coarse Ground Mustard

1 pkg.   (16 oz.) Penne pasta, cooked, drained

1 cup KRAFT Shredded Sharp Cheddar Cheese

1 cup KRAFT Shredded Mozzarella Cheese

20 RITZ Crackers, crushed

2 Tbsp.  Butter, melted

 

PREHEAT oven to 350ºF. Beat egg, milk and mustard in large bowl. Add pasta and cheeses; mix lightly.

SPOON into casserole dish sprayed with cooking spray. Mix cracker crumbs and butter; sprinkle over pasta mixture.

 

Apr 17

News:

Slim TV…

Verizon Communication (VZ) announced its FiOS service will offer new TV packages aimed at giving customers flexibility to purchase only certain groups of channels they want to watch. Starting April 19, consumers will be able to sign up for a slim package of channels that includes ABC, Fox, CNN, AMC and others. Customers can also add “channel packs” for sports, kids, pop culture, and lifestyle. The cheapest plan will cost $55 a month and includes two channel packs.  [Continue reading...]

Apr 16

News:

Charged…

European antitrust regulators plan to file formal charges against Google (GOOGL ) for violating antitrust laws. The charges will focus on complaints that the company uses its Internet search engine to favor its own services over those of its rivals. The rivals of the company claim that Google search results in areas such as travel, shopping, and maps favor Google’s own offerings rather than links to similar services run by its rivals. The European Commission highlighted four main areas of concern in its investigation: bias in Google search results, scarping of  content from rival websites, agreements with advertisers that may exclude rival search-advertising services, and contracts that limit marketers from using other platforms. The charges open Google up to over $6 billion in fines. Shares of the company closed down nearly $10.00 as a result of the news.

For Sale

Avon Products (AVP) is exploring options to sell itself, or at least its struggling North American business. The door-to-door beauty company has tried for years to repair its weak financial results and stem the mass exodus from its ranks of sales representatives. Chief Executive Sherilyn McCoy was slated to outline her latest turnaround plans at a long-scheduled investor presentation next month; however, this week, the company made a surprise decision to postpone it until the fall after concluding that more far-reaching changes are needed. Currently, there is no deal on the table; however, the company is open to any and all offers. Shares of the cosmetic company rallied upon news of the sale.

The Book

On Wednesday, the Federal Reserve released its beige book, which is an anecdotal roundup of business conditions in the 12 Fed districts. The beige book, which comes out every six weeks, showed that the economy grew at a stubbornly slow pace in the late winter, with layoffs in the oil patch being a significant drag. In February and March, the economy improved “modestly” or “moderately” across most of the 12 districts, although Atlanta and Kansas City simply held steady. On the bright side, lower gas prices fueled consumer sales in most of the districts, and the real estate markets stayed tight in most districts as well.

Markets:

Asia:

Asian markets joined the global party closing higher on Thursday after a positive hand off from the U.S.

Europe:

European stocks closed higher on Wednesday, as European Central Bank chief Mario Draghi said the bank’s massive bond-buying program is rolling smoothly and conditions in the Eurozone are showing signs of improvement.

U.S.:

U.S. markets closed higher on Wednesday, as better-than-expected earnings and a jump in oil prices invigorated the bulls. DJIA: +75.91 18,112.61 S&P 500: +10.79 2,106.63 NASDAQ: +33.73 5,011.02

Word Of The Day:

Beige Book

An actual book released by the Federal Reserve eight times a year. The book has 13 section in total; 12 regional reports from each of the member Fed districts bank and one national summary drawn from the individual reports. The book gives a holistic view of just how the US overall economic is doing since it uses actual data from all 12 regions.

Dinner Or Drink:

Jasper Rose

Ingredients

  • 50ml Gordon’s gin
  • 15ml rose liqueur
  • 30ml lychee juice
  • Dot of Peychaud bitters

Method

  1. Shake all of the ingredients together in a cocktail shaker and double strain into a coupe.
  2. Garnish with a rose petal.

 

Apr 14

News:

Buy,Buy,Buy…

Telecommunications equipment maker, Nokia Corp. (NOK), is in advanced talk to by rival Alcatel-Lucent SA (AL). The deal, if successful, would create a new global networking behemoth to rival networking giant Ericsson. The deal, currently on the table, would allow Nokia to make a public offer for Alcatel-Lucent stock. It isn’t clear if the parties have agreed on a price or a valuation on Alcatel-Lucent.  [Continue reading...]

Apr 13

News:

Losing Ground…

In the contest that pits the world’s largest crude exporter—Saudi Arabia—against traditional allies in the U.S. and Persian Gulf, the linchpin of the world’s oil markets finds itself in unfamiliar losing territory. As the country struggles with the ramifications of its decision not to attempt to control the price of oil in November, it now has a new issue… less demand for its oil exports. The Saudi kingdom’s oil exports declined 5.7 percent in 2014 as compared to 2013. Shipments in the first two months of 2015 to its best customer, China, have dropped to their lowest level since 2011 due to depressed demand and competition from its Russian, Kuwaiti, and United Arab Emirates rivals. Sales to its second biggest customer, the United States, have also been cut in half as competition from domestic shale producers continues to increase. Saudi Arabia’s struggles come as the global oil market is oversupplied, according to analysts, by one to two million barrels of oil a day; however, Saudi officials continue to proclaim they can survive through this rough patch. The Saudis’ next really rough patch may come as soon as June, when OPEC is scheduled to have its next meeting. Traditionally, Saudi Arabia has been the group’s leader, but its close allies, Kuwait and the U.A.E, are now its biggest market competitors. Where is JR Ewing when you need him???

Home Delivery…

Home Delivery, the newest front in the wireless war. Sprint (S) announced it will start home delivery to eligible customers this month. The new service will certainly be an added bonus for customers who switch smartphones and find the process of setting up their new email and transferring data cumbersome. Initially, home delivery will be available for current subscribers in the Kansas City area, near the company’s headquarters, followed by rollouts later this months to Miami and Chicago. Eventually, all customers across the U.S. will be eligible. Under the program, customers eligible for upgrades or new phones will be notified via email or text they have delivery options. Phones will be delivered by 5,000 Sprint branded cars driven by contractors trained by Sprint. Customers can choose to either meet the Sprint contractor at their home or any other convenient location.

Markets:

Asia:

Asian markets closed mostly higher on Monday despite data released over the weekend showing China exports slowed more than expected.

Europe:

European stocks closed at record high on Friday aided by a much lower euro.

U.S:

U.S. markets closed higher on Friday, as investors seemed to be giddy over GE’s new game plan. DJIA: +98.92 18057.65 S&P: +10.88 2102.06 NASDAQ: +21.41 4995.98

Word Of The Day:

Organization of Petroleum Exporting Countries (OPEC)

An organization, founded in 1960, which consists of the world’s major oil-exporting nations. OPEC, as a cartel, aims to manage the supply of oil in an effort to set the price in the world market avoiding fluctuations which might affect the economies of both producing and purchasing countries.

Dinner or Drink:

Wild Turkey Punch

4 cup Water, divided

2 tbsp.  Sugar

4 Black tea bags

1 cup Fresh mint leaves

1.5 cup Wild Turkey Bourbon

Juice of half a lemon

Juice of half a lime

Garnish:  1 Mint sprig        Glass: Tall

In a large saucepan, boil 2 cups of water and the sugar.

Remove from the heat and add the tea bags.

Steep for 8 minutes and then discard the bags.

Add the remaining 2 cups of water.

Transfer to a pitcher and chill.

Add the mint and crush with a wooden spoon until fragrant.

Stir in the remaining ingredients.

Serve in tall glasses filled with ice.

Garnish each glass with a mint sprig.

 


 

Apr 10

News:

We’re Out…

In its effort to start shedding some extra weight, General Electric (GE) has decided they no longer want to be in the finance business. In the most significant strategy moves in years, GE will part ways with the bulk of GE Capital. The giant finance business has accounted for half the company’s profits but whose risk has rattled investors and weighed down GE’s overall stock price. [Continue reading...]

Apr 9

News:

Paid…

Greece has met its latest deadline for repayment. On, Thursday International Monetary Fund (IMF) announced the country made its €460 million ($494 million) installment payment on time to the fund.  Despite the good news, Greece’s debt dilemma continues as negotiations with their international creditors continues to progress slowly. The Greek government is hopeful to have an agreement in place during an informal meeting of the Eurozone finance minsters, scheduled for April 24. Time to hold your breath, again.

And There Off…

Earning season has officially started. Yeehaw! Alcoa Inc. (AA) swung to a first-quarter profit thanks to a turnaround in its smelting division. On Wednesday, the world’s largest aluminum company based in New York, reported a profit of $195 million, or 14 cents a share, compared with a year-earlier loss of $178 million, or 16 cents a share. The company’s earnings, excluding restructuring costs, beat market expectations, however its revenue lagged analyst estimates sending shares down more than 3% in aftermarket trading. Some analyst have predicted this earning seasons will be a bumpy one as the higher dollar could wreak havoc on profits. Fasten your seat belts!

Divided…

Minutes of the Federal Reserve’s March 17-18 policy meeting, released Wednesday, showed official were divided whether they might raise interest rates in June, and the impact softer economic data has on making the all import rate decision. While “several” officials thought June would be the right time, others thought it would be better to wait, and some even think the Fed might need to wait until 2016. The division in opinions could present a challenge for Fed Head Yellin in the months ahead, as the tough decision when to raise rates continues. Most “thinking heads” are placing bets on the camp who wants to wait the longest, as more disappointing economic data has been released since the March meeting. It’s nice to know that even smart people can be indecisive at times.

Markets:

Asia:

Asian markets continued their climb on Thursday, after the minutes out of the Fed confirmed a rate hike is farther down the road.

Europe:

European stocks closed higher on Thursday. Oil stocks lead the rally after Royal Dutch Shell announced they are buying smaller natural gas rival BG Group.

U.S:

U.S shares closed in the green Thursday after the release of the Fed’s minutes made for a volatile trading session. DJIA:+27.09 17,902.51 S&P 500: +5.57 2,081.90 NASDAQ: +40.59 4,950.82

Word Of The Day:

Bad Bank

A separate bank which is set up to buy the bad loans of the bank. By transferring the bad assets of an institution to the bad bank, the banks clears their balance sheet of the toxic assets. Shareholders and bondholders stand to lose money from this solution, but not depositors. Banks which become insolvent as a result of the process can be recapitalized, nationalized or liquidated.

Dinner or Drink:

Lemon Sparklers

  • 1 can frozen lemonade concentrate
  • 3 tablespoons (about 2 shots) vodka
  • 1 can water (use the can from the concentrate)
  • 1 cup vanilla Greek yogurt
  • 1 tsp. vanilla extract
  • Ice, ice, ice!

Add all of the ingredients into a blender and fill with ice. Blend on high/ice.

 

Apr 8

In The News:

It’s On Us …

Starbucks has announced plans to fully cover the cost of an online degree for its U.S. employees who work at least 20 hours a week. The program expands the coffee giant’s partnership with Arizona State University (ASU), which began last year and which enabled workers to earn full tuition reimbursement for the last two years of an ASU online bachelor degree. Starbucks will now foot the entire bill for eligible employees, and there is no penalty for quitting, even if it’s the day after they graduate. The company stated that it expects to spend up to $250 million to help at least 25,000 employees graduate from college by 2025. The enhanced program is just one of many new efforts that companies are coming up with to retain employees as the job market seems to be tightening up.

So Many Jobs …

According to the Labor Department, U.S. job openings surged in February to a 14-year high, yet employers filled fewer of their own positions than in the previous month. According to the Labor Department report that was released on Tuesday, the number of available jobs in the U.S. rose by 3.4% in February to 5.1 million, which is the most since January 2001. These numbers could indicate that companies want to add staff and are no longer spooked into cutting jobs. Some economists, however, wonder if the problem could be centered on wage growth, saying that employers aren’t offering enough pay to fill their available jobs. A steady streak of rising job openings could force businesses to offer higher wages. Tuesday’s report may also have dropped the hint that the news out of Friday’s non-farm payrolls (NFP) report (aka March’s slower job numbers) could be temporary.

We Deliver …

FedEx Corp. (FD) has agreed to purchase Dutch package-delivery company TNT Express (TNTEY) for $4.8 billion, positioning itself to capitalize on the growth of e-commerce in Europe and gain ground on its chief competitor United Parcel Service (UPS). The air express delivery company already has operations in Europe however, it lags behind in the region’s ground-delivery business. FedEx’s new acquisition will give the company an established door-to-door road network in Europe, connecting more than 40 countries. The all-cash deal still needs to receive approval from European Union regulators, who, in 2013, quashed a similar effort by UPS to acquire TNT. However, the executives of both companies are confident that the regulators will give the green light, saying during Tuesday’s conference call that things are different this time around. Shares of FedEx and TNT both closed higher on Tuesday.

In The Markets:

Asia:

Asian markets closed higher across the board on Wednesday, after the Bank of Japan kept their massive monetary stimulus intact as expected.

Europe:

European markets rallied on Tuesday after increased M&A activity and speculation rates won’t be moving anytime soon, gave investors a kick of confidence.

U.S.:

U.S. markets closed flat on Tuesday as investors wait to see what surprises may be in Wednesday’s Federal Reserve minutes release. DJIA: -5.43 17,875.42 S&P: -4.29 2,076.35 NASDAQ: – 7.08 4,910.23

In Word Of the Day:

Dollar Cost Averaging:

A technique used to buy a fixed dollar amount of a particular investment on a regular schedule, regardless of price. Theoretically, most shares are purchased when prices are low, and fewer shares are purchased when prices are high.

In Dinner or Drink:

Grand Coffee

1 oz. Grand Marnier, warmed

3 oz. Hot brewed coffee

.75 oz. Brown sugar syrup, if desired

Pour all the ingredients into a mug or heat-proof highball glass and stir.

Spoon about 2 tbsp. of whipped cream on top.

 


 

Apr 6

In The News:

Blame it on the weather…

On Friday, the Labor Department released its monthly jobs report. Chilled by wintery weather, employer’s added only 126,000 jobs in March, falling far short of the 250,000 forecasters had been expected. The report also revised downward the total number of jobs gained in January and February by 69,000. The unemployment rate did however, remain unchanged at 5.5%. [Continue reading...]

Apr 2

In The News:

Go Daddy, You’re a Rock Star

GoDaddy (GDDY) made its market debut on Wednesday. Shares of the technology provider to small businesses jumped 31% above its higher-than-expected initial public offering price. Overall, the Scottsdale, Arizona company offered 23 million shares and hoped to raise up to $460 million in the offering. According to GoDaddy, it’s the largest provider of Web domains and has around 13 million customers. Shares of the newest member of the publicly  traded club closed at $26.15.

Pay Raise

Starting July 1, McDonald’s (MCD) will  increase employees ’ pay by at least $1.00  an hour at roughly 1,500 restaurants, as wage pressure rise in the labor market. The increase will not apply to employees of franchisees, which operate nearly 90% of the 14,350 U.S. McDonald’s stores. McDonald’s is planning to lift the average hourly rate to $9.90 on July 1 and to more than $10.00 by the end of 2016. The increase will apply to some 90,000 workers at all levels of experience. Shares of McDonald’s closed down $1.15.

In The Markets:

Asia:

Asian shares closed higher on Thursday after higher crude prices boosted oil-related stocks.

Europe:

European stock markets closed higher on Wednesday. A solid round of manufacturing data helped stocks recover from Tuesday’s sharp losses.

U.S:

U.S markets closed lower on Wednesday as weaker-than-expected job data and manufacturing weighted on investor sentiment. DJIA:- 77.94 17,698.18 NASDAQ: -20.66 4,880.23 S&P: -8.20 2,059.

In Word Of The Day:

Home Country Bias

An investor’s natural tendency to be most attracted to investment in the domestic markets. Investors tend to focus more on companies and markets in the country they reside in because it is familiar.

In Drink Of The Day:

Vanilla Rum Spritzer

1.5 ounces Cruzan Vanilla Rum
1.5 ounces Sonoma Cutrer Chardonnay
1.5 ounces Tres Agaves Margarita Mix
4 ounces Canada Dry Club Soda

Directions: Combine the rum, wine, and Margarita mix in a wine glass. Swirl to mix or stir with a spoon. Add the club soda and serve.

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Have a wonderful and safe weekend! Happy Easter!


 

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