One Dollar, Make You Hollar...
Dollar General Corp. (DG) announced it will build a new distribution center in Longview Texas. The state of the art facility is expected to create around 400 new jobs at the full capacity and will serve 1,000 retail locations in Texas and the southeast. In additional to the full-time jobs the facility is expected to create strong economic impact through hundreds of jobs need to construct the nearly 1 million square foot building. Constructions should begin in early 2018.
JPMorgan Chase & Co has agreed to pay $2.8 million to settle charges brought against it by Wall Street’s self-regulator, Financial Industry Regulatory Authority (FINRA). FINRA has charged the bank for failing to separate customers securities from the firm’s own assets due to a design flaws, coding, and data errors in the banks internal systems. By comingling clients shares with the firms, JPMorgan violated a rule designed to help investors recover their assets if a broker becomes insolvent. The conduct is question revolve around a legacy clearing system JPMorgan acquired form Bear Sterns, during the financial crisis. In settling the matter, JP Morgan neither admitted nor denied the charges, but did consent to the FINRA’s findings.
Asia: Asian markets closed higher on Thursday as oil and copper prices continue their rally.
Europe: European markets closed mixed on Wednesday as investors reacted to reports demand for the new Apple X iPhone, were weaker than expected.
U.S. U.S markets closed modestly higher in light holiday trading volume. DJIA: +28.09 24774.30 S&P: +2.12 2682.62 Nasdaq +3.09 6939.34
Word of The Day:
A measure of inflation that excludes certain items that could have temporary price which diverge from the overall trend in inflation and give a false measure of inflation.
Dinner or Drink:
- 1 1/2 parts Bourbon
- 1/2-part Creme de Cocoa White Liqueur
- 1/2-part Hazelnut Schnapps Liqueur
- Heavy Cream
- Garnish Chocolate Shavings
- Garnish Whipped Cream
Add Bourbon, Crème de Cocoa White Liqueur, Hazelnut Liqueur and heavy cream to taste. Shake and serve up or on the rocks. Garnish with whipped cream and chocolate shavings