Fries with that….?
Chipotle (CMG), announced Thursday it will launch a new burger chain called Tasty Made. The company still struggling to win back customers after its E-coli scare, will open its first Tasty Made location this fall in Lancaster Ohio. The menu will be limited to burgers, fries, and milkshakes. The restraint chain, known for its burrito’s, has already launched an Asian food concept called ShopHouse, which currently has 15 locations and a pizza concept called, Pizzeria Local, which lists five locations. On top of launching its new burger chain, Chipotle also plans on opening between 220 and 235 new restaurants this year.
Know Your Alphabet…
Alphabet Inc., parent company of Google, announced quarterly profits for the second quarter soared 24%. Continued growth in sales revenue as companies bought more ads on its search engine and other produces, while users in turn increased their clinks on ads. Revenue for the company rose 21% to $21.5 billion in the second quarter, beating analyst estimates of $20.76 a share. The rise in smartphones has made pocket size internet available to more than a billion people world-wide, leading to a surge in internet use and a higher demand for mobile advertising. As consumers use companies such as Google or Facebook’s popular free services more, both companies have increased ads sales to companies trying to reach users.
Asia: Asian stocks close the week lower after investors were disappointed by the Bank of Japan’s stimulus program.
Europe: European markets closed lower on Thursday as the banking sector continued to take a hit.
U.S: U.S. markets closed mostly flat as investors seem to be taking a break. DJIA: -15.82 18,456.35 NASDAQ: +15.17 5,154.98 S&P+3.48 2,170.06
Word of The Day:
A trading strategy based on quantitative analysis, which relies on mathematical computations and number crunching to identify trading opportunities. Generally used by financial institutions and hedge funds where the transactions are usually large in size involving the sale of hundreds of thousands of shares.
Dinner or Drink:
- 1 part Midori® Melon Liqueur
- 1 part Pinnacle® Original Vodka
- 1 part Cranberry Juice
- 3 – 4 Strawberries
- 1 Cucumber
Muddle a few strawberries and two thick round slices of cucumber well, add the remaining ingredients and shake with ice. Double strain into a chilled cocktail glass and garnish with a strawberry and cucumber wheel.
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Have a safe and wonderful weekend, Ya’ll!