The world of bubbly water is about to get a bit more crowded. Coca-Cola North America announced it will debut AHA in March. The sparkling water brand will mix flavors like strawberry and cucumber and even a little caffeine in two of the line’s flavor combinations. AHA beverages will not contain sodium or have calories. But its citrus and green tea, and black cherry and coffee flavor combinations will contain 30 mg of caffeine. Flavors will include orange and grapefruit, blueberry and pomegranate, and peach and honey. The flavored seltzer’s will be available in packs of 12-ounce cans, or in single cans of 16 ounces. AHA is Coca-Cola North America’s first significant brand debut since its Gold Peak tea launched in 2006.
Gap Inc. shares tumbled in extended trading Thursday after the company announced CEO Art Peck will be stepping down immediately, and be replaced by the founders’ son temporarily. Gap, which has been struggling to revive its sales, also slashed its forecast for the year, citing a “challenging quarter.”
Robert Fisher, currently the company’s non-executive chairman, will serve as CEO on an interim basis. He previously served as interim CEO in 2007. Peck had served as CEO since 2015 and worked at Gap for almost 15 years. In February, Peck announced plans to split the retailer into two publicly traded companies in 2020. The clothing retailer said third-quarter company-wide same-store sales fell 4%, compared with flat growth a year ago. Sales at the Gap brand were down 7% during the latest quarter, they dropped 3% at Banana Republic and declined 4% at Old Navy.
Asia: Stocks in Asia were mostly lower on Friday as investors digested recent developments on the U.S.-China trade front.
Europe: European shares traded higher Thursday after China said the world’s two largest economies had agreed to cancel additional tariffs imposed in their months-long trade war.
U.S: U.S. markets closed higher on Thursday after reports indicated the U.S and China might rollback tariffs. DJIA: +182.24 27,674.80 NASDAQ: +23.89 8,434.52 S&P: +8.40 3,065.18
Word Of The Day:
A negative reverse moment of at least 10% in a stock, bond, commodity or index to adjust for overvaluation. Corrections are generally temporary price declines which interrupt an uptrend in the market or an asset. The duration of a correction is shorter than a bear market or recession however, they can be precursor to either.
Dinner or Drink:
Apple Cider Float
1/2-part Sour Apple Schnapps
1 part Bourbon
2 parts Apple Cider
Dashes of Cinnamon, Ground
1 scoop Vanilla Ice Cream
Add ice cream to a glass. Combine other ingredients in an ice filled shaker. Shake and strain into glass. Garnish with a cinnamon stick and a dried apple slice.
Have a safe and wonderful weekend, Ya’ll!