Chipotle Mexican Grill, founder and chief executive, Steve Ellis, is stepping down after the fast-casual dining pioneer failed to retain customers amid rising competition and repeat food-safety scares. Mr. Ells was a pioneer of dining chains that marketed themselves as a step up from fast food but lack the table service of a sit-down restaurant. Ellis began selling Chipotle’s burritos in Denver 24 years ago, introduced freshly prepared and organic ingredients to a wider audience. Chipotle has had a tumultuous two years as it has dealt with repeated food-safety scares causing a decline in customers and the company’s stock price. Ells acknowledged he neglected customer service as he addressed the E. coli, salmonella, and norovirus outbreaks. In recent months, he vowed to improve operations however, customers have failed to return to the chain despite good giveaways and new advertising campaigns. Ellis will move into the role of executive chairman after a committee of the restaurant’s board members hire a new CEO.
Alexa will soon see you at work. Amazon is expected to announce on Thursday, it will roll out a business version of Alexa along with a set of initial partners that have developed “skills” or apps for business customers. The new technology would come in handy for connecting into teleconferences or adding data to enterprise-focused sales programs. Three years ago, Amazon debuted Alexa as the smart star inside it’s Echo speaker. Alexa understands what people say and then finds the best possible answer based on what it knows.
Asia: Asian markets closed lower on Thursday lead by a decline in technology stocks after the sector sold off in the U.S on Wednesday.
Europe: European markets closed mostly higher on Wednesday after Brexit sentiment boosted markets.
U.S: U.S. markets closed higher on Wednesday, as investors bet momentum in the U.S. economic will continued. DJIA: +103.97 23,940.68 NASDAQ: -87.97 6824.39 S&P: -0.97 2,626.07
Word of The Day:
An index created by Morgan Stanley Capital International made up of 21 major European indexes. The index serves as a benchmark of performance for major international equity markets. As the S&P 500 is used as the benchmark to gauge American stocks, EAFE is used to gauge International stocks.
Dinner or Drink:
Naughty List Hot Chocolate
- Beer, Wine & Liquor
- 1/2-part Peppermint Schnapps
- 1 part
- Original Vodka
- Hot Chocolate
- Baking & Spices:
- 1 Whipped Cream
- 1 Cherries
Rim mug with crushed candy canes. Pour ingredients into mug. Garnish with whipped cream and a cherry.