Southwest Airlines will stop overbooking its flights. Last year Southwest bumped 15,000 passengers off flights, more than any other U.S. airline. On Thursday, Southwest CEO Gary Kelly, said the airline had been contemplating ending overbooking after fewer and fewer passengers are no-shows for their flights. But recent events like the one on United pushed the issue to the forefront of the airline. Politicians in Washington have been calling or airlines to ban their practice of overbooking. Currently, Jet Blue is the only major U.S. airline with a stated policy of banning overbooking.
Purdue University announced it will buy for-profit Kaplan University for $1. Purdue plans to turn Kaplan into a new, nonprofit Indiana public university for “nontraditional adult learners”. Kaplan will continue to run the yet to be named university, collecting 12.5% of the new school’s revenue for 30 years. Currently Kaplan has 32,000 students, 3,000 employees, and 15 bricks-and-mortar campuses and learning centers. The deal will still have to be approve by the Department of Education.
Asia: Asian shares closed lower on Friday after comments from President Trump on an existing free trade pact with Seoul as payment for a sophisticated anti-missile system caught investors by surprise.
Europe: European markets fell on Thursday after the ECB kept it rates unchanged.
U.S: U.S. stocks closed slightly higher on Thursday as positive corporate earrings had investors feeling optimistic. DJIA: +6.24 20,981.33 NASDAQ: +23.71 6,048.94 S&P: +1.32 2,388.77
Word of The Day:
Dollar Cost Averaging:
A technique used to buy a fixed dollar amount of an 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.
Dinner or Drink:
1 1/2 oz. gin
1 dash olive juice
4 – 6 oz. tonic water
Put olives in glass and cover with a few small ice cubes. Add gin and olive juice, then fill with tonic water. Stir and serve.
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Have a safe and wonderful weekend, ya’ll!