Kroger (KR) is tapping in-store beer stations in its latest push to drive customer traffic. Starting this fall, customers at select Kroger stores in Cincinnati will be able to bring in their own growlers to fill with craft beers fresh from in-store taps. The Cincinnati stores join beer stations in Arizona, Ohio, and Georgia. Kroger will sell and fill 32-ounce and 64-ounce growlers for most beers and will offer 32-ounce fills for some harder to find beers. Pints and flights for tasting are also available in the store for purchase. Kroger’s beer taps have helped elevate the chain and put it front and center on discerning customer’s radar for quality offering.
We Own You…
On Friday, Warren Buffett’s Berkshire Hathaway Inc. (BRKa) disclosed it has bought a $4.48 billion stake in oil refiner Phillips 66 (PSX), rebuilding a bet the company made in the energy industry before oil prices started to fall. Berkshire once held a large stake in the Houston-based company, but shed nearly two –thirds of its shares when it swapped $1.35 billion shares for a chemical business that it folded into its Lubrizol unit. This is not Buffet’s first rodeo in the energy sector as he amassed a $3.45 billion stake in Exxon Mobil Cop which he sold in last year’s fourth quarter.
Asia: Asian equites closed mostly lower on Monday amid talk that Beijing will halt its controversial market intervention.
Europe: European markets closed flat on Friday as investors took a break after a week of volatility.
U.S: U.S markets closed flat on Friday as investors were undecided on how to interpret comments from Federal Reserve officials. DJIA: -11.83 16642.94 NASDAQ: +15.62 4828.33 S&P: +1.83 1988.85
Word of The Day:
The collection of stocks, bonds, cash, mutual funds, ETFs, and other investments that an investor owns.
Dinner or Drink:
2 oz vodka
12 oz. Carlsberg® Special Brew lager
2 dashes Tabasco® sauce
1 pinch celery salt
Add freezer chilled vodka to frosted glass, add tabasco and celery salt, top up with very cold very strong lager.