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A report out this week from the Ethical Corporation has found that sustainability is being taken seriously by top management.
Based on the responses of nearly 1,500 sustainability and CSR professionals from all over the globe; 71% of respondents said their CEO was convinced of the value of sustainability. 89% of the survey’s corporate respondents said that sustainability is becoming an increasingly important part of their business strategy.
The findings chime with other surveys, which have identified the increasing boardroom acceptance of the importance of sustainability. For example, McKinsey in 2014 found that sustainability was a top three priority for 49% of CEOs, up from 34% in 2010.


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Howard Schultz apparently used Starbucks' new corporate jet to spend the holidays in Hawaii with his family. The Seattle company bought...
Howard Schultz apparently used Starbucks’ new corporate jet to spend the holidays in Hawaii with his family. The Seattle company bought a new Gulfstream 550 in mid-December that cost about $45 million.
A spokeswoman said Starbucks ordered the plane three years ago and that canceling delivery would have been too expensive.
She declined to say who took it to Hawaii for two weeks in late December, but said it was a combined personal and business trip.
Lance Armstrong wrote on his Twitter account that he dined with Starbucks CEO Schultz and his family in Hawaii on Dec. 30. “Great man who’s committed to health care for all,” Armstrong wrote.
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Most Read Stories
Starbucks policy requires employees to reimburse the company for personal use of corporate planes. That policy was instituted in fiscal 2007, when Schultz reimbursed Starbucks $400,919 for flights.
Melissa Allison: 206-464-3312 or email@example.com

domain: news


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Beers sorted by letter:
Beers starting with the letter Z:
Diets are obsessing the modern male - and the weight loss industry is rubbing its hands in glee
Chris Hill doesn't eat bread, biscuits, crisps or chocolate. When he drinks alcohol, which is rarely, he orders vodka, lime and soda, never beer. Cakes and pastries are... read more
Reject Shop names new chief
Discount variety retailer The Reject Shop has appointed a former beer and grocery industry executive, Ross Sudano, as chief executive.
Well: Alcohol Remains a Leading Killer
Excessive alcohol consumption, including binge drinking, is responsible for 10 percent of deaths among working age adults in the United States, according to a new report.
Best beers for a barbecue: Drink of Fulham selects its 12 favourite bottles
Wheat pale/wheat/wit beers
Step away from the noodles: the best food and drink to take to festivals
For most campers, dry noodles, warm beer, and sausage rolls are festival staples. But there are some great ways to make your snacks and meals taste good, even if they are... read more


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Shops warned about selling baked beans to youths due to TikTok trend
Shopkeepers have been urged by police not to sell cans of baked beans to children due to a new TikTok trend.
Clips are being posted on the social media platform with the hashtag #beanbandits which shows young people smearing the juice from the breakfast food onto driveways, doorsteps and even cars.
West Yorkshire Police have now urged local shop workers to be aware of youths purchasing large quantities of baked beans as they may be performing the act of 'beaning'.
PCSO Michelle Owens said: "It has come to the attention of the police that a new trend has started by groups of youths called 'beaning'.
"This involves youths throwing the contents of a can of beans over properties, very similar to the trend of throwing eggs at properties.
"If you work in a shop, please can you be aware of youths buying large quantities of cans of beans, if you have children living at home, please be mindful if you see them removing cans of beans from the family home."


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The German manufacturer has revised its electricity sales targets upwards, while increasingly stringent European CO2 emissions standards are forcing the entire sector to retrain.
Over the next ten years, BMW wants to sell ten million 100% electric models, against more than 4 million previously announced. A pioneer in battery-powered cars with the i3, the high-end brand has since fallen behind, especially with American competitor Tesla.
In addition to offering a purely electric option for each model in its range, BMW announced in March that the Mini brand would completely turn its back on combustion engines in ten years.
The manufacturer will invest 400 million euros to launch a new electric production line in its historic factory in Munich instead of the manufacture of heat engines.
The German group intends to achieve an electric share in its European sales of 60% by 2030 and 50% in total, without announcing a date for the end of combustion engines. He wants to sell a million electric cars in 2021 and will invest 46 billion euros in five years in his turn towards this technology.
The group’s VW brand wants to stop selling combustion-engine cars in Europe between 2033 and 2035 and switch to electric vehicles, giving itself more time in other markets, notably China. Its subsidiary Audi has announced that it will focus on new electric models from 2026, and stop producing cars with traditional combustion engines by 2033.
Porsche, a luxury subsidiary, has not announced an end to diesel or gasoline, but is aiming for CO2 neutrality by 2030. It will launch into the production of battery cells, as part of a joint venture with the specialist German company Customcells, in which it is investing nearly 100 million euros.
Lamborghini, Italian sports car manufacturer which also belongs to the German giant, unveiled in May “its roadmap towards electrification” of its models, an ambitious plan which involves an investment of more than 1.5 billion euros over four years. In 2023, Lamborghini will launch its first hybrid series model, and “by the end of 2024, the entire range will be electrified”.
Car manufacturers PSA (Peugeot-Citroën-Opel) and FCA (Fiat-Chrysler) want to play a leading role in the ongoing electrification of the automotive market and they will no longer invest in the development of combustion engines. Stellantis wants to sell 70% of hybrid and electric vehicles by 2030, against 14% expected in 2021.
Renault will install at the beginning of 2022 in Hauts-de-France the heart of its production of electric vehicles, with an “ElectriCity” pole based on three existing factories, which will manufacture among others the new electric R5, and on a new factory of batteries. The group has “the ambition to make the Renault factories in Hauts-de-France the largest and most competitive of electric vehicle production units in Europe”. The development of this division is part of the “Renaulution” plan presented in early 2020, with which Renault intends to turn resolutely towards electricity.
A subsidiary of the Chinese group Geely, the brand plans to withdraw from its catalog by 2030 all its combustion models, including hybrids, the same date as Bentley, or Ford for Europe.
“By 2025, half of our cars will be electric” announced in March in an interview with AFP Håkan Samuelsson, CEO of Volvo Cars.
The American General Motors intends to stop building cars with polluting emissions by 2035, although it has not openly committed to offering only electric vehicles in 2035. “We are taking action to achieve it, ”said a spokesperson in January. “It will require collaboration from the rest of the industry, governments and customers. “
The pioneer of hybrid cars plans to achieve 10% of its sales in electric and hydrogen in Europe by 2025, alongside 70% of hybrids, 10% of plug-in hybrids and 10% of gasoline-powered cars, he said. indicated in April.
The group will continue to “accelerate” in the electric sector and intends to double sales of electrified cars (including hybrids) in 2021 over one year. By 2025, 25% of cars sold should be electrified, before reaching a share of 50% in 2030, the group said in April.
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Former President Donald Trump made headlines during a rally in Michigan, where he criticized electric vehicles (EVs) and voiced concerns over the future of the U.S. auto industry. Trump urged members of the United Auto Workers (UAW) to push their union leaders to endorse him, while mocking President Joe Biden and his policies promoting EVs.
In his speech, Trump promised to safeguard the U.S. automotive industry from potential collapse, which he attributed to Democratic policies, including the push for EVs. While expressing his lack of opposition towards EVs, Trump emphasized the importance of consumer choice, stating that individuals should also have the option to purchase traditional gasoline and diesel models.
One of Trump’s main criticisms was aimed at Biden’s goal of having 50% of new vehicles sold in the U.S. be EVs by 2030. Trump argued that such a measure would hurt the auto industry and increase its reliance on China for batteries and components, a subject he has previously highlighted as a national security concern.
Trump’s visit coincided with ongoing strikes by the UAW against major automakers such as General Motors, Ford Motor, and Stellantis. As negotiations between the union and automakers failed to reach agreements, approximately 18,300 UAW members have gone on strike. Trump acknowledged the striking union workers during his rally and emphasized that their negotiations would become inconsequential if the auto industry were to collapse.
Following the event, a UAW spokesman declined to comment on Trump’s remarks. However, Trump’s remarks and his focus on the auto industry’s future underscore the significant challenges facing the sector as it navigates a rapidly changing landscape shaped by both technological advancements and political decisions.
“Travel aficionado. Incurable bacon specialist. Tv evangelist. Wannabe internet enthusiast. Typical creator.”


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Filtering by content type: Press Release
A Florida man charged with helping telemarketers in India defraud cash-strapped American consumers will be banned from aiding any telemarketers in a settlement with the Federal Trade Commission.
GC Services, a large debt collector charged with using unlawful tactics to collect on federal student loans and other debts, will pay a $700,000 civil penalty under a settlement with the Federal Trade Commission.
During the past year, the Federal Trade Commission has continued its efforts to stop unlawful debt collection practices, including vigorous law enforcement, education and public outreach, and research and policy initiatives.
The operators of two online “high schools” have agreed to settle Federal Trade Commission charges that they falsely claimed to be accredited schools but actually were little more than diploma mills that sold worthless pieces of paper.
The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau with an annual summary of its activities enforcing the Equal Credit Opportunity Act (ECOA).
Federal Trade Commission Acting Chairman Maureen K. Ohlhausen announced today that she has appointed Thomas Pahl, a partner at the Washington, D.C. law firm of Arnall Golden Gregory LLP, to be the Acting Director of the FTC’s Bureau of Consumer Protection.
The Federal Trade Commission is mailing refunds that total $2.59 million to more than 1,300 people who bought Mercola indoor tanning systems. These refunds are the result of a 2016 settlement between the FTC and Dr. Joseph Mercola and his companies.
Federal Trade Commission Acting Chairman Maureen K. Ohlhausen announced today that Jessica Rich, Director of the Bureau of Consumer Protection, is leaving the agency on February 17 after 26 years of service.
“We are grateful to Jessica for her many years of service to the FTC and the public,” said...
VIZIO, one of the world’s largest manufacturers and sellers of internet-connected “smart” televisions, has agreed to settle charges that it installed software on its TVs to collect viewing data on consumer TVs without consumers’ knowledge or consent.
Bajo los términos de un acuerdo resolutorio con la Comisión Federal de Comercio (FTC, por su sigla en inglés) Stratford Career Institute ha aceptado dejar de efectuar declaraciones presuntamente engañosas sobre programas educativos.
Stratford Career Institute has agreed to stop making allegedly deceptive claims about educational programs under a settlement with the Federal Trade Commission.
The Federal Trade Commission announced a settlement today that requires Volkswagen Group of America to fully compensate consumers who purchased 3.0-liter TDI diesel vehicles through a combination of repairs, additional monetary compensation, and buybacks for certain models.
The Federal Trade Commission is mailing refund checks totaling nearly $20 million to more than 617,000 T-Mobile customers who had third-party charges added to their mobile bills. These refunds are the result of a 2014 settlement with T-Mobile, which also involved all 50 states and the District of...
President Donald J. Trump has designated Maureen K. Ohlhausen as Acting Chairman of the Federal Trade Commission by a White House order.
The Federal Trade Commission will mark Tax Identity Theft Week, January 30 - February 3, with a series of events to alert consumers and businesses to ways they can minimize their risk of tax identity theft, and recover if it happens.
What is tax identity theft? It’s when a scammer files a...
Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business.
The Federal Trade Commission has released Cross-Device Tracking: An FTC Staff Report that describes the technology used to track consumers across multiple Internet-connected devices, the benefits and challenges associated with it, and industry efforts to address those challenges. The report...
The marketers of two app-supported smartphone accessories, marketed to accurately measure consumers’ blood alcohol content (BAC), have agreed to settle Federal Trade Commission charges that they lacked scientific evidence to back up their advertising claims.
Uber Technologies, the San Francisco-based ride-hailing company, has agreed to pay $20 million to resolve Federal Trade Commission charges that it misled prospective drivers with exaggerated earning claims and claims about financing through its Vehicle Solutions Program. The $20 million will be...
The Western Union Company (Western Union), a global money services business headquartered in Englewood, Colorado, has agreed to forfeit $586 million and enter into agreements with the Federal Trade Commission, the Justice Department, and the U.S. Attorneys’ Offices of the Middle District of...


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Located near the state Route 615 and Interstate 90 interchange, this development on 380 acres in the City of Mentor will feature more than 600 single-family homes and condominiums. The unique residential and commercial development will also consist of 170,000 square feet of office space, including the new headquarters for Avery Dennison’s Roll Materials Worldwide and Fasson Roll North America divisions, and 220,000 square feet of retail space. More than 50 percent of the entire development will be undeveloped green space. Actual development at this site could span over eight years, and it would be the largest single development ever in Lake County. Fully built, the project would be valued at an estimated $250 million.
Source: Lake County’s 2003 auditor report


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According to a report from AndroidAuthority, this new alliance created by Epic Games and Spotify will include a group of developers and groups that will form the Coalition for App Fairness (CAF). The CAF will push for “enforcement and reforms” to help in the growth of healthy competition and choice in app stores through government policy rather than legal actions. At the moment, a few notable members include app makers like Match Group, Deezer, Tile, and Pro tonMail, European Publishers Council, and News Media Europe.
The Coalition is primarily focusing on Apple currently, which has recently faced allegations regarding its approach to App Store policies that apparently have been “unfair.” Many developers have noted that its regulations have blocked innovative companies and raised app prices as well. According to the members of the Coalition, the Cupertino based giant exerts a monopoly behavior with, “the basic freedoms of developers are under attack,” said Tim Sweeney, CEO of Epic Games.
This group even published a list of 10 ‘app store principles’ that include ‘non exclusive app distribution, equal levels of developer access and promotion, transparent store policy, and the ability to offer third-party app stores on a given platform.’ In simpler terms, Epic Games and Spotify aim to break down the unfair App Store policies that have led to the many complaints from developers.
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Exciting news for all cereal lovers as Kellogg’s will be launching an organic vegan range of cereals in the UK.
Kellogg’s have fortunately realised that they need to catch up and meet the growing demand for plant-based foods in the UK.
The American company behind Kellogg’s Coco Pops, All Bran and Frosties will be bringing out a vegan range of cereals consisting of five products, including three that are granola based – two of which will have no added sugar.
You can expect to see the new cereals in UK stores in January 2018 and they will be sold under the new sub-brand W.K. Kellogg.
Emma Birks, Brand Manager for W.K. Kellogg, said: “We’re committed to creating foods which suit changing consumer diets and with people increasingly seeking more plant-based foods, the W.K. Kellogg range is crucial to our portfolio.”
What brand of vegan cereal do you currently buy? Please leave a comment


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Apple customers could always count on one thing. After buying a new iPhone or iPad, they'd have about a year before a new model was released. This made it relatively easy to keep up with the company's latest-and-greatest. Apple, however, turned that on its head with this month's iPad 4. Was that just the beginning?
Read the full article: iPhone 5S, iPad mini with Retina Display in early 2013?


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Each Regional RoundTable will be characterized by two focussed activities -a Panel Discussion featuring key stakeholders in the startup ecosystem and an Open House where entrepreneurs, for the first time, will be given the opportunity to ask any question to any panelist and engage in meaningful discussions and not just be a spectator.
The idea is to have an absolutely open interaction over the topic of discussion, which will be – ‘Out of the Garage, Into the Market.’ Most product technology companies face a lot of teething problems with respect to their go-to-market strategies. There are no ‘one-size-fits-all’ solutions and hence, it’s an area where entrepreneurs need all the help that they can get and much more. Through the collective might of a panel full of ‘rockstars’, the TechSparks Regional RoundTable intends to support startups by helping them kickstart their product’s journey. In short, the RoundTable intends to help startups get their products ‘out of the garage and into the market.’
1 pm to 1.50 pm – Registration opens over Coffee
1.50 to 2.05 pm – Introductions
2.05 to 2.30 pm – Keynote by Vikas Jain,Co-Founder and Business Director, Micromax
2.30 to 3.30 pm – Panel Discussion on “Go to Market for Tech Startups”
3..30 to 4.15pm – Open House with Questions from Entrepreneurs addressed by Investors
4.15 to 5.30 – Networking and Closing Remarks
KEYNOTE SPEAKER : Vikas Jain,Co-Founder and Business Director, Micromax
We’re pleased to announce that Vikas Jain, Co-founder and Business Director, Micromax will be the keynote speaker for the TechSparks 2011 Regional RoundTable (RRT) to be held at IIT Delhi on the 7th of May, 2011. His talk, titled ‘Out of the Garage & Into the Market with Vikas Jain’, will focus on the difficulties faced by product tech companies while formulating and executing go-to-market strategies. Vikas is expected to share interesting instances from the Micromax journey and also, throw light upon how they surmounted teething problems to emerge the giant-killer that Micromax has turned out to be today.
The TechSparks Delhi RRT, where Vikas will be speaking, comprises a Panel Discussion featuring key stakeholders in the startup ecosystem and an Open House where entrepreneurs, for the first time, will be given the opportunity to ask any question to any panelist and engage in meaningful discussions and not just be a spectator. The TechSparks Delhi RRT is an by-invitation-only event that is designed to be a platform for product tech startups registered for TechSparks 2011 to engage with VCs and corporates.
TechSparks 2011 is a pan-India hunt for product tech startups that have the potential to scale and grow and those that hold promise and may need a push. It is a multi-city series of events put together by YourStory in association with Sequoia Capital and CNBC TV18 Young Turks. The tech startups identified through this program would be provided national recognition, genuine support and meaningful networking opportunities.
PANELISTS : Vijay Shekhar Sharma, Founder and MD, One 97
Contact : firstname.lastname@example.org or contact Melvin John at email@example.com
Story Behind TechSparks
YourStory has been in existence for about two and a half years now and one of the questions that we get to hear all the time is – where is India’s Google? That India doesn’t have too many successes in the product tech space is true. You could probably count them on the fingers of one hand. Some of you might not even get started with that count.
But there are a number of product tech startups doing some fantastic work here in India.
“If that’s the case, how come we never hear about them?” is the retort, usually.
Product tech startups are a brave bunch. Apart from the teething problems that most startups undergo, they face the vicious circle of requiring funding to create the product and being asked to create the product to procure funding. And even if they manage to make the prototype and get on board a few paying customers, they’re seldom able to scale. So, what are the factors that stop Indian product tech startups from realizing their potential?
Well, from our interaction with the 6000+ tech ventures in our reach, we’ve noticed that access to funding, market linkages and visibility within the ecosystem are the biggest challenges.
We at YourStory believe that TechSparks 2011, as a platform bringing together VCs, angel investors, CXO-level corporates from the technology sector and the mainstream media, can serve as a launchpad for Indian product tech startups. The idea is to get them access to genuine support, create an amicable atmosphere for substantive networking and eventually, enable nation-wide recognition.
TechSparks 2011 is committed to helping startups with their go-to-market strategies and setting the stage for startup stardom. So, what are you waiting for? Let us lead you to the limelight that matters. Register for TechSparks 2011.


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The Port of Virginia can breathe a little easier.
Cranes the port will import from China at the beginning of next year were removed this week from a long list of goods and commodities on which the Trump Administration will impose a new tariff.
The port avoided having to pay about $10 million more for the equipment. Each of the four cranes on order from Shanghai-based ZPMC costs roughly $14 million.
"By buying four cranes at that higher price, you'd be paying for five and only getting four," said Kurt Nagle, president and CEO of the American Association of Port Authorities, a trade association that represents 140 seaports .
The Office of the U.S. Trade Representative released a list Monday of approximately $200 billion worth of Chinese imports that will be subjected to the new tariffs.
That list included thousands of goods and commodities ranging from shampoos to suitcases.
Other items removed included smart watches, Bluetooth devices, bicycle helmets, car seats and playpens, the office said.
The reduction came after a lengthy comment and testimony period in which businesses and organizations pleaded to have certain items removed, including John Reinhart, Virginia Port Authority's CEO and executive director.
He mentioned that no one in the United States manufactures the ship-to-shore cranes that are a "critical" part of a $320 million expansion at Virginia International Gateway in its final stages.
Nagle said he worries the tariffs could reduce volume at the ports.
If the price of TVs imported from China goes up by 25 percent, for example, fewer consumers may want to buy that product.
Gordon Rago, 757-446-2601, firstname.lastname@example.org


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Who will unseat the Lakers? Will Doncic be the new NBA MVP? You think A new NBA season kicks off with little time to digest the title won by the Los Angeles Lakers last October. Just 72 days after LeBron James and Anthony Davis led the Angelenos to their seventeenth ring of champions (matching the […]
African fashion is on the rise says Naomi Campbell ‘And it’s about time!’ With high-street brands collapsing and the world wearing sweatpants, 2020 has not been a stellar year for fashion. But at Arise fashion week, in Lagos, Nigeria, which concluded on Saturday, there were green shoots of hope, said Naomi Campbell. “There’s definitely a […]


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- Church must help the poorest, not dissect theology, pope says
- United's Ferguson bows out on a high of sorts
- Hezbollah steps up Syria battle, Israel threatens more strikes
- Afghanistan's Karzai seeks Indian military aid amid tensions with Pakistan
- European roundup-Arsenal, Milan qualify for Champions League
Shop Direct hires Serco to run its customer services
LONDON (Reuters) - British retailer Shop Direct said it had handed outsourcing firm Serco (SRP.L) a 430 million pound contract to run its customer services, in a deal which could lead to job losses and work being sent offshore to South Africa and India.
Shop Direct, whose brands include Littlewoods, Very.com and Woolworths.co.uk, on Wednesday said it had hired Serco to increase efficiencies after a review highlighted declining call volumes to its contact centres, as shoppers choose to order online and get in touch via social media instead.
"The ways in which customers are shopping with us, contacting us and servicing their accounts have changed rapidly, driven by revolutionary advances in digital and interactive technology," Shop Direct Chief Executive Mark Newton-Jones said.
"Unfortunately, this will mean a need for far fewer people to be directly involved in customer contact in the future."
British firm Serco, which runs services from London's light rail to prisons and air traffic control centres around the world, will manage customer contact services and invest in technology across Shop Direct's brands over the next 10 years.
As part of the contract Serco proposes to close two of Shop Direct's four UK contact centres, with sites in Worcester and Preston - home to 1,000 staff in total - earmarked to go. The group said it was also proposing to deliver some of the work offshore to South Africa and India.
In a statement Shop Direct said its Worcester and Preston sites would stay open for at least another year and that more discussions must take place before a final decision is made on the proposals.
(Reporting by Neil Maidment; Editing by Rhys Jones)
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LONDON – Euromonitor unveiled today the WTM Global Trends Report 2015 identifying the top emerging travel trends:
The new American dream: work less, play hard
A growing number of American companies offer unlimited vacation time to create a happier, loyal and motivated staff, which will have an effect on travel bookings.
Smart technology drives travel to UK’s secondary cities
Digitalisation and hi-tech solutions are redefining the tourist offerings of UK urban centres to boost travel outside of London, currently the jewel in the crown of UK tourism.
‘Hipster Holidays’ revolutionise European city break
Young and hip travellers’ interest in alternative city areas opens new business opportunities and helps diversifying urban attractions in European cities struggling with excessive tourism.
Travel 3.0: the advent of smart travel
Smart technology is transforming the tourism industry with personalised services to create enjoyable experiences suited to a traveller’s individual preferences.
Iran: the next travel hotspot
The recent sanction lift sparked a scramble to open Iran to international visitors, attracted by its ancient Persian history, 17 World Heritage Sites, as well as natural attractions.
Technology Start-ups changing the face of Africa
With technology start-ups flourishing across the continent, Africa is entering a new era of innovation, which will help change the perception to international tourists.
Luxury hotels keeping in with the crowd
Luxury hotels are turning to crowdsourcing and crowdfunding to get their properties financed,
rather than relying on traditional sources of investment.
The sharing economy heads to China
After a shaky start, the sharing economy is taking off in China, with the rise of new local players in 2014, a trend boosted by the number of Chinese millennials.
Travel for the Indian unbanked
Travel firms are adopting ‘cash-on-delivery’ payments to cater to the half a billion Indians without a bank account.


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Day Traders Diary
2/26/13The S&P 500 ended today's session with a gain of 0.6% despite enduring some early weakness. The benchmark average started the day on a positive note with upbeat economic data proving insufficient in staving off the early selling pressure. However, markets staged a rebound in afternoon trade with the key indices climbing to fresh highs.
Consumer discretionary stocks were among today's top performers, largely due to upbeat February consumer confidence, which was reported at 69.0. In addition, January new home sales of 437,000 were reported well ahead of the Briefing.com consensus.
The strong housing data coupled with a healthy rise in December home prices provided support for homebuilders. DR Horton (DHI 22.25, +0.88) and Lennar (LEN 38.01, +1.35) both gained near 4.0%, and the broader SPDR S&P Homebuilders ETF (XHB 27.77, +0.80) advanced 3.0%.
Discretionary shares also received support after Home Depot (HD 67.56, +3.64) reported better-than-expected earnings and revenue. In addition, the company hiked its quarterly dividend by 34% to $0.39/share and authorized a $17 billion share repurchase program. The Dow component jumped 5.7%, contributing to the relative strength of the blue chip average.
While discretionary shares outperformed, consumer staples finished as one of the weakest sectors. Tyson Foods (TSN 22.40, -0.86) slipped 3.7% after saying margin compression has taken a bite out of its beef and pork segments. Meanwhile, United Natural Foods (UNFI 50.45, -2.55) slid 4.8% after guiding on the low end of analyst estimates, citing rising costs.
The materials sector has been one of the weakest performers dating back to last week, but the space led today's rebound. The SPDR Materials Select Sector ETF (XLB 37.75, +0.40) gained 1.1% amid outperformance from chemical and paper producers. Monsanto (MON 99.20, +1.11) advanced 1.1% and International Paper (IP 42.75, +0.96) climbed 2.3%.
Similar to materials, the financial sector has shown notable sensitivity to the market swings of recent days. With exposure to Italian and other sovereign debt, a rise in political uncertainty runs the risk of turning into financial instability. Today, bank stocks trailed behind the broader market and the SPDR Financial Select Sector ETF (XLF 17.35, +0.09) added 0.5%.
Floor volume at the New York Stock Exchange was slightly above average as 772 million shares changed hands. Notably, today's session saw thinner volume than yesterday's sell off with the Tuesday total also running behind high volume sessions of last week.
With the focus remaining on Italy, concerns over the country's near-term future were also brought up during today's Humphrey-Hawkins Testimony. Speaking before the Senate, Fed Chairman Ben Bernanke said that a need to write-down Italian debt would not inflict serious damage on U.S. financial institutions.
The rest of Mr. Bernanke's remarks at today's testimony have struck a now-familiar tone. The Chairman highlighted the perceived benefits of current monetary policy but also acknowledged very low interest rates could push portfolio managers into a "reach for yield," thus causing them to assume outsized risk.
Regarding the March 1 implementation of automatic spending cuts known as the "sequester," the Chairman does not expect to see an immediate impact, but foresees a build-up of effects over time.
In tomorrow's economic data, the weekly MBA Mortgage Index will be reported at 7:00 ET. At 8:30 January durable goods and durable goods ex-transportation will be released. The day's economic data will be topped off with the 10:00 ET release of January pending home sales.
Also at 10:00 ET, Fed Chairman Ben Bernanke will testify before the House Financial Services Committee, concluding the two-day event. On the earnings front, Joy Global (JOY 59.96, +0.26) and Target (TGT 64.05, +1.16) are scheduled to report their quarterly results before the opening bell.
The U.S. Treasury will auction off $29 billion in 7-yr notes.
All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.


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The S&P 500 fell more than 0.6%, the Dow Jones industry lost 0.6%, and the Nasdaq was down nearly 0.5% on the stock market today. The small caps tracked by the Russell 2000 fell 0.8%. The volume on both major exchanges was lower than on Thursday at the same time. For the week, the Nasdaq and S&P 500 are on their way to flat to moderate gains. However, the Dow is facing a 0.7% loss.
In 2020, technology stocks surged the Nasdaq to 43.6% – the fifth-best year ever. The S&P 500 rose 16.3% and the Dow 7.2% in 2020. After a strong start this year and a brief correction, the market has rallied near record highs. Read The Big Picture for a more detailed daily market analysis.
According to Worldometer, cumulative Covid-19 cases worldwide have exceeded 151 million, with more than 3 million deaths. In the US, cases have exceeded 33 million with over 589,000 deaths, although the number of new cases in the US has slowed dramatically in many states.
As countries rush to vaccinate their populations, Pfizer (PFE) partner BioNTech (BNTX) jumped 6% in heavy trade to a new high. The shares are now extended approximately 46% from a buy point of 131.10 of a consolidation. Apple (AAPL), which cut a larger previous loss to 0.4%, is on track for a fourth straight decline. The stock is slightly below a buy point of 135.63 a cup, the handle of which was briefly cleared on Thursday. Apple reported quarterly blowout results late Wednesday.
The European Commission has charged Apple with antitrust fees for spreading music streaming apps. This could result in fines of up to 10% iPhone Manufacturer’s annual sales and changes to the App Store rules. Oil and gas, solar and travel booking stocks led the downtrend among IBD’s 197 industry groups. Automakers, steel and utility companies were among the few groups that resisted the decline.
In the automaker group, Tesla (TSLA) gained nearly 4% to resume its 50-day line. Stocks build the right side of a new mug with a handle, offering a buy point of 780.89. But it’s a late-stage base. Amazon (AMZN) gained 2% on a massive scale to extend its winning streak to six. Amazon stock remains in the potential buy range from a buy point of a handle of 3,436.03. The buy zone is 3,607.83. A slightly higher entry is also waiting at 3,552.35, a cent above the left high.
AstraZeneca (AZN) saw sales grow nearly 5% and resumed its 200-day line for the first time since January. AstraZeneca stock remains roughly 17% below its 52-week high. The UK drugmaker’s Q1 results exceeded expectations thanks to strong sales of its anti-cancer drugs. The coronavirus vaccine also contributed $ 275 million to sales. However, the raised guidelines for 2021 exclude the vaccine’s impact. AstraZeneca sells its Covid vaccine outside of the United States


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Clinverse CEO: New venture funding to drive expansion, create new jobs
Research Triangle Park, N.C. — Denis Connaghan, Clinverse's chief executive officer for a year now, has wasted no time in putting his own stamp on the company. The clinical trials technology company has raised $9.1 million in new venture capital, landed a new high-profile investor, and will be gunning for more business as it aims for profitability in 2015. WRAL TechWire Insiders go inside the latest developments at Clinverse in an exclusive two-part Q&A....
WRAL TechWire Publisher and Editor Rick Smith dishes out tidbits from the local technology sector. Read more articles…
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LeEco has previously announced that it would be buying Vizio in a deal which was worth $2 billion, the company has now announced that they have cancelled the deal.
The agreement between the two companies has been cancelled due to regulatory headwinds, you can seen an official statement from LeEco below.
LeEco Global Group Ltd. and VIZIO Inc. announced today that the merger agreement to acquire VIZIO will not proceed due to regulatory headwinds. We continue to believe that there is great synergy between the two companies, and are pleased to announce that LeEco and VIZIO have reached an agreement that is a win for both companies.
Under the new agreement, LeEco and VIZIO will continue to explore opportunities to incorporate the Le app and content within the VIZIO connected CE platform, and engage in a collaborative partnership to leverage LeEco’s EUI (Ecosystem User Interface) platform, along with the brand’s exclusive content and distribution channels, to bring VIZIO products to the China market.
The company had previously planned to purchase Vizio as it would have given them an easy way to expand their products in the US.
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Nielsen Report: Mobile Gaming Grows Stagnant
Classic custom arcade machines are no longer the top sellers in the gaming industry (though we think they should be). Today, mobile, PC and console games take the top spots. One of best reports to gain insight into the health of the gaming industry is Nielsen Holding’s annual Games 360 report. 2017 marks the eighth year Nielsen has been tracking gaming data through individual surveys, and as usual, the report delivered some surprising (and potentially sobering) news for developers. Mobile Gaming Levels Off but Revenue Grows Mobile game developers have enjoyed watching the steadily growing numbers of mobile gamers expand at an unbelievable rate the past few years. Between 2013 and 2016, the ratio of mobile gamers rose from 46 percent to 66 percent among console gamers. But from 2016 to 2017, mobile gaming declined by four percent! Developers will be happy about this news: even though the number of individual mobile gamers has slightly declined, the amount each individual spends in-game has grown. Annual spending per capita has increased from 60 to 77 U.S. dollars. Even though there are less players, those players are willing to spend more and has powered mobile’s growth from 37 percent of the global games market in 2016 to 42 percent in 2017. Digital Sales Occupy Larger Market Share The portion of the U.S. population that desires a physical copy of their new video game is slowly declining. It’s just easier to download games directly – it saves a trip to the store! Digital sales now represent 74 percent of the game sales market and projections show this will only grow in years to come. Gaming Is the Fourth Most Popular Leisure Activity TV and movies takes the top spot when it comes to the popularity of leisure activities in the U.S. at 24 percent, followed by internet and social media use at 22 use. Family, friends and social activities came in third at 15 percent, followed by video games at 12 percent. But to be fair, 67 percent of all gamers play in order to be social. Video games continue to present both an effective way to relax and de-stress alone, but also to connect with friends and family all over the globe.


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Zero no Kiseki Kai launches in Japan on April 23, Ao no Kiseki Kai on May 28
Nihon Falcom has revealed the release dates for The Legend of Heroes: Zero no Kiseki Kai and Ao no Kiseki Kai for PlayStation 4 in Japan. Zero no Kiseki Kai - the first game in the Crossbell series - will be released on April 23, while Ao no Kiseki Kai will follow later on May 28.
Other than the new features introduced earlier such as high-speed skips and 60fps frame rate, Falcom also confirmed that each save data from Zero and Ao will provide their own separate bonuses when booting up the upcoming Hajimari no Kiseki.
There is an even bigger reveal where Ao no Kiseki Kai will add appearances of characters from Trails of Cold Steel that are closely related to Crossbell like Juna Crawford, as Cold Steel I and II took place at the same time as Zero and Ao in the series' universe.
As of this writing, the English localization for these Crossbell games in The Legend of Heroes metaseries has still yet to be announced.


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Love music memorabilia? Would you like to own a guitar signed by Chuck Berry? Or by B.B. King, Jimmy Page, Les Paul, or Robby Krieger?
FOR A WEEKLY DOSE OF THE FRESH TOAST
Hand selected from our editors with all the latest news and entertainment with a side of cannabis.
What you drink in the mornings can have an impact on the rest of your day. Here's what nutritionists have to say on the kind of drinks you should consume and avoid.
ICYMI: Here are the headlines making news this week on The Fresh Toast.


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Here are some of the headline that grabbed the attention this week.
- Steve Jobs will be presenting the WWDC keynote on June 6th (Lion and iOS 5).
- Apple confirm iCloud to be shown at WWDC.
- Apple have signed the final large music label for iCloud.
- iWorks now universal for iOS
- Rumour: iOS 5 will bring Twitter integration, better voice recognition and improved notifications.
- Rumour: A T & T stocks of iPhone 4 running short.
- Rumour: Over the air sync from iTunes to iOS very likely
- Orange offer iPhone and iPad package
- Steve Jobs book (iSteve) will be published on the 6th March 2012.
- Netflix says for them Apple TV is better for them than the iPad
- Business and the Feds begin to drop Blackberry for iPhones.
- Foxconn reopen plant after explosion.
- Gameloft unveils March of Heroes – iPhone game using the Unreal engine.
- The press continue to believe that next gen iPhone will be announced at WWDC. (it will not be)
In other tech news:
- E3 starts on Monday 6th June
- HP Discover event 6th June (Touchpad announcement expected)
- Walt Mossberg told Adobe CEO flash sucks on Android
- ASUS unveils the “Padfone”


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This post is brought to you by BlackBerry, sponsor of the Mashable Awards' "Best Social Media Customer Service" Category. RIM creates innovative wireless solutions, including the BlackBerry® wireless platform and the new BlackBerry PlayBook, coming soon. Learn more on the Inside BlackBerry Blog.
As social media usage becomes more mainstream among businesses, customer service is among the top five reasons businesses give for partaking in social media, according to eMarketer.
Acting on this essential business area in social media, we added the "Best Social Media Customer Service" category to this year's Mashable Awards, our annual contest highlighting the very best the web has to offer.
Mashable readers spoke loud and clear, nominating five finalists to the category: Aramex, Boingo, Eurail.com, Hewlett Packard and ZocDoc. We interviewed each of the finalists to get an inside look at why you, our readers, chose these companies as your top picks.
Check out the interviews below, share your thoughts in the comments, and most importantly, vote to help choose this year's "Best Social Media Customer Service" winner at the Mashable Awards.
It's advisable for brands interested in getting involved in social media to have a real reason to get started. That's why we admire companies like global logistics and transportation provider Aramex. When we asked Aramex's Online Conversationalist Feras Hilal what inspired the company to start using social media as a customer service tool, he answered logically:
"We identified where customers communicate and interact, and found that our customers were talking about us online. We went where our customers are, and social media is a channel that enables us to tune in to their issues, so we can provide them with solutions. As a customer-centric company, our approach is to listen to customers and adapt to their needs."
Simply put: go where your customers are. And when you get there, do it right. Hilal believes that Aramex's success is based on social media being a natural extension of the company's culture and values. Through social media, Aramex reaches customers in a timely and relevant way, helping it "research customer needs, improve our services and really know what our customers (and employees) need," said Hilal.
Aramex stands out from other nominees on the list, because it is notably the only one based in emerging markets. Hilal notes, "We were among the first adopters of social media as a powerful tool for customer engagement in the Middle East, Africa, India and Southeast Asia."
Gearing up for the new "Best Social Media Customer Service" category, Mashable's Meghan Peters recently outlined three examples of stellar social media customer service. One of the companies outlined was Boingo. Citing the Wi-Fi service's knack for technical support, customer engagement and community building, Peters deemed Boingo one of the top players in this area. Mashable readers agreed, nominating the company into the finalists.
We spoke with Boingo's PR and social media manager, Baochi Nguyen, to get the inside scoop about Boingo's social media strategies and philosophies. Nguyen was quick to clarify:
"We believe there’s a distinction between customer 'service' and customer 'care.' Customer service means you’re doing just that — servicing a customer. It’s old school. It’s doing the minimum. We like to think of ourselves as being in the customer care business. We want to create connections with folks. We want to foster meaningful relationships. We want people to know we’re grateful for their business and the opportunity to serve them."
Regardless of how customers are connecting with Boingo — whether that be via a "traditional" channel (phone/e-mail/chat) or a "new" channel (social media), Nguyen noted that great customer service is "all about being available to help, no matter where that conversation takes place."
So what makes Boingo stand out from the other nominees on the list? Nguyen pointed out two areas:
Being proactive. "We don’t wait until a complaint makes its way to us to address it," says Nguyen. "Instead, we are proactively scanning for comments and conversations to jump in and help. Because of the nature of our service — people using the Boingo Wi-Fi network are generally very pressed for time — we need to be helping 'real time.' It doesn’t help if someone tweets a complaint and we show up 30 minutes later to help, because by then their plane may be boarding or they have to leave the coffee shop. So we need to be extremely responsive."
Being authentic. "The other thing which may set us apart is our commitment to authenticity. We don’t hide behind our brand. We use our real names, give our real e-mail addresses and encourage our employees to engage with customers in ways that feel true to them and their style."
Nguyen concluded that great social media customer service is "authentic both to the brand it represents and to the person representing the brand. It’s incredibly responsive. And it goes way beyond just 'customer service.' It’s customer care."
Chantal Sukel, campaign manager for Eurail.Com, an e-commerce site for Eurail train passes, told Mashable that when the company began its endeavor into social media three years ago, it was focused on "interactions in general." Since founding a social media presence, however, the company has come to realize that customer service is one of its biggest reasons for staying involved in the social media space.
"Soon we noticed that customers knew where to find us to discuss travel plans, ask questions and get inspired by others’ experiences," said Sukel. "When the number of fans and interactions grew, I set up a small and dedicated team of travel professionals who since then assist our fans. Social media works faster and more effective than e-mail support, which is why this way of communicating has rapidly become an important part of our customer service."
Sukel believes that Eurail.Com benefits from the personal touch that its agents add to its social media presence:
"Eurail.Com is lucky enough to have extremely dedicated agents that strive to answer all questions within eight hours or sooner. Not only in English, but also Spanish and even Dutch or German! Our fans receive a personal reply, not a script. They talk to an actual human being who can give them anecdotes and tips from their own rail travel experiences."
When evaluating customer service, Sukel believes that personal assistance is key. "Respect, transparency and attention are among the most important things in life, so why not in customer service?"
Like Aramex, HP entered the social media space inspired by its customers. "Increasingly, our customers are using social media to get their needs met. If we’re not there, we’re not meeting our customers' needs," stated HP’s Lois Townsend, manager of global social media strategy.
Townsend noted that HP sets itself apart from others in the social media space by utilizing customer feedback about its products and emphasizing community engagement.
Product Feedback. "HP builds technology hardware and software," she said. "Through social media channels like Twitter, Facebook and our HP Support Forums, we are garnering valuable feedback from our customers about our products. HP provides that feedback to our product and content teams, which goes directly into the building of future technology."
Community Engagement. "We also put a big emphasis on community engagement and even hire folks to manage this — creating ways to provide value to our community, and to recognize folks who are actively assisting fellow community members."
Highlighting HP's community engagement efforts, Townsend noted its brand advocacy program: "We’ve recruited over 100 HP experts to serve as 'Ambassadors,' reaching out and helping our customers every day. For example, one of our Ambassadors reached a customer via Twitter to help them obtain English-speaking support while on holiday in Spain." She also pointed out that HP hosts online Expert Day events to provide free, 24-hour real-time access to large teams of experts on various topics of customer interest. "These online events attract hundreds of thousands of customers — think of it as the 'Super Bowl' of expert assistance," she said.
Townsend shared that HP's data shows that increasingly, online channels are a preferred method for its customers in finding answers to questions about HP products. The company plans on continued social media integration to support this need. Townsend imagined a future possibility: "Next steps include enhanced integration of social media channels so that, for instance, you can post a question in Facebook that can automatically tap into the experts out in our HP Support Forum." She also told us to keep an eye on a "revamped, very cool recognition program for our top community contributors."
When it comes down to it, Townsend believes that great social media customer service is about "Lively, quality, and active participation among the customers, and the host company." She thinks that it should be a forum for "honest conversation that allows for both 'good and bad' to be discussed, with a focus on getting to a constructive and timely resolution for any issues."
COO and founder Oliver Kharraz, MD, told us that social media was instinctive for free online doctor booking service ZocDoc. "The ZocDoc philosophy is that people should have faster, easier access to healthcare. It only made sense to us that our users should also have fast, easy access to us."
ZocDoc is in the business of making it easier to find and book appointments with local doctors, taking into account insurance considerations. By filling in four pieces of information, users are quickly on their ways to finding an available doctor. This focus on healthcare may be the most compelling reason to vote for ZocDoc for this Mashable Award category, said Kharraz:
"We work in the public interest. Every day we get hundreds of tweets, e-mails, and Facebook messages from people thanking us for helping them find a doctor when they needed one. From tourists on vacation to parents with sick children, ZocDoc has been the service to make people’s lives better.
People should vote for ZocDoc if they believe that healthcare is an industry worth improving. Our goal is to bring customer service to the doctor’s office, where it’s never been before."
Focusing once more on ZocDoc's customers, Kharraz explained that the success of a social media customer service program can be measured by "people's responses." He noted, "We get very excited when people choose to take the time to thank us or recommend us to their friends. They’re letting us know that we’re doing something right." While it may not be the most scientific measurement, we're always down for happy customers.
What are your thoughts on the finalists for The Mashable Awards' "Best Social Media Customer Service" category? Let us know in the comments below.
The Mashable Awards Gala at Cirque du Soleil Zumanity (Vegas)
In partnership with Cirque du Soleil, The Mashable Awards Gala event will bring together the winners and nominees, the Mashable community, partners, media, the marketing community, consumer electronics and technology brands and attendees from the 2011 International CES Convention to Las Vegas on Thursday, January 6, 2011. Together, we will celebrate the winners and the community of the Mashable Awards at the Cirque du Soleil Zumanity stage in the beautiful New York New York Hotel. The event will include acts and performances from our partner Cirque du Soleil Zumanity. In addition, there will be special guest presenters and appearances.
Date: Thursday, January 6th, 2011 (during International CES Convention week) Time: 7:00 – 10:00 pm PT Location: Cirque du Soleil Zumanity, New York New York Hotel, Las Vegas Agenda: Networking, Open Bars, Acts, Surprises and the Mashable Awards Gala presentations Socialize: Facebook, Foursquare, Meetup, Plancast, Twitter (Hashtag: #MashableAwards)
Mashable Awards Category Sponsor:
BlackBerry is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications including the BlackBerry® wireless platform and the new BlackBerry PlayBook. For the latest on the BlackBerry PlayBook visit the Inside BlackBerry Blog.


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American Trucking Associations (ATA)-sponsored National Drivers Appreciation Week is set next week from August 22 to 28. During the annual event motor carriers, state trucking associations, trucking industry manufacturers and suppliers honor drivers, according to ATA’s website, truckline.com.
In previous events drivers had been recognized in million-mile and safety awards, received gifts and cash bonuses, extra paid day offs, and company picnics, according to truckline.com.
For example, ABF Freight System recently announced it is readying special activities and awards in preparation for next week.
“With trucking delivering nearly 70% of the freight moved in this country, and with 80% of our communities depending solely on trucking to deliver their food, clothing, and other necessities-it is an important job and the men and women who do it deserve our thanks,” said ATA president & CEO Bill Graves.


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This story originally appeared on Zacks
Abercrombie & Fitch Company. The ANF released an update for its fourth quarter and fiscal year 2021 outlook, driven by the resurgence of COVID-19 cases due to the Omicron variant.
Despite the current health situation and ongoing turmoil, shares of Zacks #1 (strong buy) are up more than 5% in the after-hours trading session on January 10. This is expected to be the result of strong customer demand, which is likely to result in the highest annual operating income and margin in more than 10 years along with an accelerated sales trend after the holiday season.
Strong demand for the company’s winter and holiday collection, particularly jeans, dresses and sweaters, contributed to its sales during the Black Friday/Cyber Monday period. However, the company saw poor inventory in key categories due to port congestion and transportation delays.
As a result, it failed to keep up with customer demand, which led to a loss of sales during the peak holiday sales season. It is worth noting that the Hollister and Jelly Hicks brands are the most affected.
However, management expects sales for the fourth quarter of fiscal 2021 to be flat and decrease on a two-year basis compared to the previously mentioned increase of 3-5%. This can be attributed to unexpected delays in inventory as well as COVID-related impacts and limitations.
However, the metric is expected to grow 4-6% year over year to reach $1.122 billion. It is also likely to buy back $125 million of stock in the said quarter, of which $115 million has already been purchased in the previous quarter to date.
The company’s gross margin is expected to remain flat at the 2019 reported level of 58.2%. The offering includes a double-digit AUR improvement on an annual and two-year basis, driven by lower promotions and write-downs.
On the flip side, the negative impacts of shipping cost pressure of $75 million due to increased ocean and air prices as well as higher air deliveries remain worrisome. The company expects operating expenses, excluding other operating income, to rise in the low to mid single digits to the revised level of $565 million reported in 2019.
For fiscal year 2021, net sales are expected to increase 19-20% YoY and 2-3% YoY. A Zacks consensus estimate of ANF sales for the current fiscal year indicates a growth of 21.2%. Operating margin is estimated at 9-10%, while recording 1.7% and 2.3% in fiscal year 2020 and 2019 respectively. The company expects capital expenditures of $90 million to $95 million, down from $100 million previously.
Image source: Zacks Investment Research
Despite continued disruptions and delays in the supply chain, ANF is likely to get back on track in 2022 in terms of its efforts, including reduced square footage, expanded digital penetration, and increased shareholder value. Cost-cutting measures and strategic investments across marketing, technology, and fulfillment are also promising.
We note that the stock has increased by 39.1% over the year versus the industry’s decline of 23.3%. It is led by a VGM A score that sparks optimism in stocks.
Other balances to consider
We’ve highlighted three other highly rated companies in the retail-wholesale sector, namely target company. TGT, Capri Holdings CPRI and Costco wholesale company cost.
Target, a popular multi-channel retailer, currently boasts a Zacks rating of #1. TGT posted a surprise fourth-quarter profit of 19.7% on average. TGT stock is up 19.8% in the past year. you can see The full list of Zacks #1 stocks today is here.
Zacks’ consensus estimate of Target and EPS sales for the current fiscal year indicates growth of 13% and 40%, respectively, from last year’s levels. TGT has an expected EPS growth rate of 14.4% for three to five years.
Capri Holdings, which operates membership warehouses, currently holds a Zacks #2 (purchase) rating. The company posted a surprise fourth-quarter profit of 1024.9% on average. CPRI shares are up 35.8% in the past year.
Zacks’ consensus estimate of Capri Holdings’ sales and earnings per share for the current fiscal year both indicate growth of 33.2% and 181.1% each compared to figures for the same period last year. CPRI has an expected EPS growth rate of 32.2% for three to five years.
Costco Wholesale currently has a Zacks No. 2 rating. The company posted a surprise fourth-quarter profit of 8.3% on average. COST shares are up 48.4% in the past year.
A Zacks consensus estimate of Costco Wholesale and EPS sales for the current fiscal year indicates both growth of 10.8% and 13.9% compared to numbers for the same period last year. COST has a projected EPS growth rate of 8.8% for three to five years.
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To read this article on Zacks.com click here.
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JG Worldwide, the New York public relations and travel
company accused of bilking travelers, business partners and employees out of
millions of dollars, has filed for Chapter 7 bankruptcy.
In its initial filing on July 24 in the federal bankruptcy
court for the Southern District of New York, the company, which is the parent
to Heritage Tours and Revealed America among others, said it has up to $10 million in debts and no assets to pay creditors.
It lists about a half-dozen creditors whom it says it owes
more than $2 million, including the former owners of the Mercury advertising
agency it bought in Bozeman, Mont., last year. Mercury won a judgment against
JG Worldwide on the same day JG worldwide filed for Chapter 7 bankruptcy.
(Chapter 7 bankruptcy is a liquidation
of all of a company's nonexempt assets.) The former Mercury owners are now
among a half-dozen creditors listed in the bankruptcy filing.
Absent from the company's list of creditors, however, are
the many travelers and local tour operators around the world who say the
company and its subsidiaries owe them money. Among them are Morocco Private
Travel, which has sued, claiming Heritage owes it more than $1.2 million for
travel services and another $200,000 for lost revenue on hotel bookings, and
African tour operator Steve Turner of Origins Safaris of Kenya, who has filed
suit alleging that Heritage owes him more than $340,000.
Also not listed among creditors is traveler Sigmund Anderson of San Francisco,
who has filed a lawsuit against the company in Connecticut, where JG Worldwide principals Jena Gardner and
James Saleh live, over a $300,000 family safari he booked last fall with Heritage. He
said he made a $77,535 deposit in September, then paid the balance in March.
But a month before his planned June departure, he alleges in the suit, the
ground operator contacted him to say the trip had been canceled for nonpayment.
A half-dozen lawsuits have been filed against JG Worldwide
and Gardner and Saleh, alleging a pattern of fraud that has bilked
travelers and business partners around the globe.
Many more travelers,
travel advisors, former employees and suppliers around the world have told
Travel Weekly they are in the process of preparing lawsuits or formal
complaints with state attorneys general for unpaid travel, commissions,
expenses, medical insurance, retirement plans and various other debts.
Among them is Adel Mzil, managing director of All Morocco
Travel, who said he is owed a half-million dollars for travel services
contracted through Heritage Tours. Unable to reimburse his suppliers, Mzil
recently told Travel Weekly that he fears he will end up in jail.
"They ruined my life," he said of Gardner and
Mzil traveled to New York earlier this month to meet with
Saleh. But he said Saleh failed to show up, and he found Heritage Tours'
Manhattan offices closed.
"He sent me a quick text telling me, 'Sorry I couldn't
meet you. There are many things going on. Trying hard to resolve the situation.
I'm risking everything I have,'" Mzil said.
"It's pure lies," he added, recalling that he told
Saleh his suppliers were after him.
"They all want a piece of me," Mzil said of his
suppliers. "I told him, 'You ruined my business. You destroyed my life. I
am about to go back to Morocco without a penny in my pocket. ... I told him, 'You
put me in a situation where I am going to jail. I don't know how much time I
will be free in this country.'"
Also not listed among the creditors were the many travelers
who say they are owed refunds for trips that were paid in full but then
cancelled or never booked, the many travel agents who say they are owed tens of
thousands of dollars in commissions, former employees and a former business
partner who says he is owed nearly $1.5 million.
Numerous travelers and travel advisors have stepped forward
in recent weeks to relay tales of booking trips through JG Worldwide's luxury
tour operators, Heritage Tours and Reveal America. In some cases, clients have
shown up at destinations to find that their hotels and tours had never been paid
for. Others were contacted before their departures by local suppliers to say
their bookings had been canceled for nonpayment by Heritage or Reveal.
At the same time, several former JG Worldwide employees who
spoke on condition that they not be named said former workers are owed tens of
thousands of dollars in back pay and expenses. They also said the staff's
health insurance was canceled for nonpayment, even though premiums had been
deducted from paychecks, and that 401(k) deductions had not always been
deposited into retirement accounts.
They said Gardner previously ran a well-respected company
that promoted hotels and destinations to the travel trade and the media. Many
of the problems began when she brought in Saleh as CFO, the
former workers said. After that, expenses routinely went unpaid, with young
workers having to rack up thousands, sometimes tens of thousands of dollars in
debt on their credit cards. To be fully reimbursed, the employees usually had
to leave the company, creating a revolving-door atmosphere.
"There was a lot of smoke and mirrors," one former
The former owners of two companies purchased by JG Worldwide
are suing the company in New York Supreme Court, claiming that Gardner and
Saleh failed to make good on the purchase agreements.
In his suit, Marc Henry Borremans, who sold his tour
operator, Millennium Voyages, to JG Worldwide in 2017, alleges that the company
not only breached its purchase agreement but also fraudulently transferred
assets from Millennium Voyages to JG Worldwide while running up nearly a
half-million dollars in debt on company credit cards for which Borremans
Borremans said he is still owed almost $1 million for the
initial purchase as well as royalties and the balance, interest and fees on the
company credit cards that, according to the suit, Saleh had insisted Borremans
keep open under the initial purchase agreement.
Soon after taking over, and while Borremans was still
employed at the company he founded, Saleh maxed out the cards, the suit
According to the lawsuit, Saleh continued his profligate
spending "despite Borremans' numerous pleas that his hard-earned credit
score was plummeting and his financial security was being irreparably harmed.
Indeed, [Borremans] can no longer obtain a loan for any meaningful purchase."
Borremans further alleges that Saleh "mocked him in
response, telling Borremans to 'quit whining' and to 'put on his big boy
The suit alleges that Saleh transferred $1.2 million from Millennium's
bank accounts into JG Worldwide accounts, adding, "These transfers had no
legitimate business purpose other than to loot Millennium and prop up JG
Worldwide, which was struggling financially."
As a result, the suit charges, Millennium "quickly spiraled
into financial ruin."
Two other lawsuits were filed against JG Worldwide in New
York in the past year, one by two travelers in a dispute over whether they were
entitled to reimbursement for a canceled trip, the other by American Express
seeking more than $430,000 in unpaid balances on company credit cards.
Senior editor Christina Jelski contributed to this report.


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OK, maybe it doesn’t have a huge blower sticking out of the hood—or side pipes, or beefy BF Goodrich Radial T/As, or Mel Gibson’s faulty brain-to-mouth offensiveness filter.
Read This Article
Nissan announces the pricing for the 2014 Altima.
With electric cars, the fear of running out of battery power before you can recharge — known as "range anxiety" — looms on the minds of potential shoppers for these plug-in vehicles.
Nissan will begin production of electric motors for the all-electric Leaf at its Decherd, Tenn., manufacturing facility starting in early 2013.


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Using the publicity surrounding the national do-not-call list, con artists have developed a new pitch to gain victims' trust, personal information and money, in that order.
A Tamarac man has reported being targeted twice by the attempt at phone fraud -- and he kept his information, and his money, to himself. But he was concerned that other people, overcome by the promise of a financial windfall, might make the wrong decision.
"If they're working on me, I've got the answers for them. But I think there are people out there who might become victims, who might not know these are scams," said Angelo Lauricella.
Lauricella, 78 and a resident of the Kings Point community in Tamarac, said he got his first call in early February from a man who said he represented the do-not-call list. The man asked Lauricella if he was on the list, and when Lauricella answered he was, the caller said a telemarketing agency had called him, in violation of the list, and been fined, with Lauricella due a portion of the payment.
"He said, 'We have a check to send you for $40,'" Lauricella said. "I said go ahead and send it. Then they said, no, we need your account number and routing number to send it electronically. I said, you're not getting that, forget it."
It was about a month later when the phone rang again, this time with a woman saying she was from the do-not-call list. She said she was holding $300 for Lauricella, and like her predecessor she asked for account numbers. But just like a month before, Lauricella wasn't buying it.
"You ask for a name and a phone number and they hang up," he said.
Mitchell Katz, public affairs specialist for the Federal Trade Commission, said this was the first he had heard of this particular scheme. The commission operates the do-not-call list, which has more than 58 million phone numbers on it and went into effect in October. Katz said the FTC has yet to levy any fines for violations, which would be sought through the Justice Department. Even if fines were levied, he said, forwarding that money would be an administrative nightmare.
"There are just so many things wrong, things which should be red flags for anyone," Katz said. "But anytime you think you're going to get some money back, it perks up your interest."
The do-not-call list has already inspired some scams. The FTC in May said people claiming to represent either the FTC or a private agency began calling people, offering to add them to the do-not-call list. The callers then collected such personal information as credit card, Social Security and bank account numbers.
"They're calling Tamarac because of the elderly population, and because they're more trusting," said Fort Lauderdale Detective Sgt. Bob Farrell said. Phone-related fraud is always evolving, he said, and it seems there are always people willing to believe they're going to get something for nothing.
Kevin Smith can be reached at firstname.lastname@example.org or 954-572-2009.
When the phone rings, it's almost always a good idea to answer with skepticism. Fraud experts recommend keeping a few things in mind when doing business over the phone:
Never give a caller personal or financial information, such as Social Security, credit card or bank account numbers.
Beware of "recovery services" that promise to recover, for a fee, money lost in scams.
Before engaging in any kind of transaction, check out the company with the Better Business Bureau or a local consumer protection agency. Never do business with a company until you have a permanent address and phone number for the company. Legitimate businesses will be willing to wait until you're satisfied.
Don't believe anyone who says they are with a government agency and requests money. Government agencies are funded by tax dollars and shouldn't need any more money from you.
It's a good idea to occasionally run a credit check on yourself with one or all of the three major credit reporting agencies. Often, people are victims of identity theft without immediately being aware of it, but seeing new credit card or bank accounts can alert you if your personal information has been used without your knowledge.
To learn more about scams and avoiding them, you can go to such Web sites as www.ftc.gov, www.fraud.org and www.bbb.org. You also can call the Florida Attorney General's toll-free hotline at 866-966-7226.
SOURCES: The Broward Sheriff's Office, The National Consumer League, The Federal Trade Commission, The Florida Attorney General's Office and The Better Business Bureau.


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Salt River Project, Solar City Antitrust Lawsuit Heads To Supreme Court
The Supreme Court said Friday it will hear arguments in a legal fight between Salt River Project and Tesla Motors.
In a class-action lawsuit, Tesla (owner of SolarCity) said Salt River Project (SRP) is acting in a monopolistic manner by imposing unfair fees on potential solar power purchasers. Salt River responded that it can’t be sued in a class action – and that issue is what is headed to the Supreme Court.
In the original 2015 case, attorneys for Tesla said SRP’s new pricing plan approved amounts to a penalty on customers when demands exceed what solar systems can produce.
That penalty, according to Tesla lawyers, is about 65 percent over prior rate plans. That compares with an average 3.9 percent increase for residential customers who buy all their power from SRP.


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Topic: Hawaii appealing a federal judges decision on
A sports brand based in Aguadilla, Puerto Rico that builds flying toys has created an electric powered personal hydrofoil that can reach purchase generic pyrantel payment europe speeds of up to 25 mph (40 kph).
An 18-year-old Auckland girl has been chosen by space agency NASA to ride on-board their 747 jumbo jet aircraft during a special overnight mission. The 17-year-old boy from Wales was charged with obtaining buy mestinon online overnight delivery a knife and a hammer as he prepared to hijack a vehicle for a 'lone wolf' attack during a Justin Bieber concert in Cardiff last month. EXCLUSIVE The Shadow Foreign Secretary took to her bike as she left the House of Commons last night - order spironolactone reacoes but she appeared to breach a number of rules in the Highway Code. After childbirth, buy clozapine in the us Catherine Carver became convinced that her baby had been swapped and social workers were plotting to kill her. She recounts her terrifying journey into postpartum psychosis. Celebrating the country's 150th birthday? cash price of sibutramine Here are five stories to get you thinking about taking a trip there. In the lead-up to his mens spring show, the American price kaiser designer considers gender and removes a lot of color.
Asking rents outside London buy travatan in canada rose 2.8 per cent between April and June, even though the number of available homes was 7 per cent higher than the same period last year. The capsule brought supplies to cheap xeloda purchase payment europe the International Space Station and splashed down as planned in the Pacific Ocean on Monday.


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25 or more cars were Burglarized last night at Saxony Estates in Saxonburg. Police are looking for a Blue Dodge Intrepid or Chrysler Concord with a blue or black stripe. This car has been seen cruising the court and scoping out cars.
Nothing was stolen out of the cars but the usual money, small items and prescription Pills, Police ask residents in Saxonburg to keep their cars locked.
There has been a rash of break ins in the Saxonburg area as of late.


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“A positive outlook is an important part of overall health and wellness,” says DealWell President and Co-Founder Geoffrey Fischer.
Dallas, Texas (PRWEB) September 10, 2013
From well-known movie stars to the average Jane (and Joe), Botox is widely used to help maintain a youthful appearance. But Botox can actually be used to treat other conditions. In fact, Botox was first approved for treating two eye muscle disorders in 1989, 13 years before the drug was approved for cosmetic uses. And it has found global popularity. Botox is approved for nearly 30 different conditions in 88 countries. North Texas consumers interested in trying Botox can visit DealWell.com’s hub page to compare, bid and save on Botox and other injection treatments.
William Moore, clinical director at Advanced Skin Fitness, administers Botox. Advanced Skin Fitness typically performs facial injections for cosmetic results, but says it is known for other surprising uses – the first five garnering U.S. Food and Drug Administration approval:
- Muscle and eyelid spasms
- TMJ and neck pain
- Excessive sweating in the underarms, hands and feet
- Migraine headaches
- Overactive bladder
- Breast lifts
- Shaping smaller calves
- Reshaping the face
“Dallasites are spending hundreds of thousands of dollars every year on Botox,” says Moore, a DealWell provider. “Recapturing a youthful look drives most of that business, but there is a growing swell of people turning to Botox to find relief from painful or embarrassing medical conditions. Our facility typically performs injections for cosmetic results, but consumers who are fighting migraines, neck pain and excessive sweating should ask their doctor if Botox treatments are an option.”
For cosmetic Botox injections, providers sell the drug either by the unit or the area, such as the nose bridge, forehead and eyes. Typically, it takes an average of 20 units of Botox to relax a single area. The cost of those 20 units varies. Calls to DFW providers turned up an average of $15/unit, with $22.50/unit at the high point.
DealWell features Botox discounts as low as $7.95/unit, but as with all of the discount site’s offers, consumers can bid for even lower prices. Visitors to http://www.dealwell.com enter their ZIP Code, choose the Medical Spa/Day Spa category and then Botox as the service. DealWell negotiates discounts of up to 85 percent off the retail price for every service on the site.
“A positive outlook is an important part of overall health and wellness,” says DealWell President and Co-Founder Geoffrey Fischer. “And when you are confident with the way you look, that certainly affects your mental well being. DealWell is proud to offer deep discounts on treatments like Botox, hair removal, facials and massages, liposuction and tummy tucks, weight loss surgery, LASIK and Invisalign.”
The first website that allows consumers to compare, bid and save on health and wellness services, DealWell.com has more than 1000 offers from 200 providers across the Metroplex, in 10 major categories: chiropractic, cosmetic surgery, dental, eye exams and LASIK, hormone therapy, massage, medical imaging, medical spa and day spa, physicals and urgent care, and weight loss/management. DealWell negotiates discounts of up to 85 percent off retail price, and every offer has a “Buy Now” price and the ability to bid for even more savings. Unlike “daily deals” sites, offers on DealWell are available 24/7/365, and for every service consumers have a broad choice of providers. Purchases made on DealWell may be eligible for reimbursement from FSA/HSA plans or applicable to insurance deductibles, if the service is covered by the plan. Consumers are urged to check with their plan administrators for details.
Providers interested in featuring their services on DealWell may click here.
Consumers who are interested in DealWell’s weekly email may sign up by visiting http://www.DealWell.com.
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For more information, contact Karen Carrera, TrizCom, at karen(at)trizcom(dot)com, 972.207.1935 or on Twitter, @kjcarrera.


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S.K.A.M Artist founder, Sujit Kundu, kicked off his exclusive birthday celebration with a lavish private dinner at Avra Beverly Hills Estiatorio on Monday, August 19. The invite-only dinner brought out top music and entertainment industry notables such as Ashanti, Lil Jon, Too $hort, Larsa Pippen, Ryan Cabrerra, Tara Reid, Quincy, S.K.A.M. Artist DJ’s Justin Credible, Sour Milk, Caroline D’Amore, Tao Group owner Jason Strauss and more, along with top nightlife
Invite Only – Join Jim Moore and Quincy at Fred Segal LA to celebrate the launch of my tee shirt collaboration with Hiro Clark! Three limited edition designs to have signed and collect before they sell out.
Invite Only – Quincy Frequincy Meet+Greet and Listening Event.
International retailer, boohoo.com, celebrated the launch of their newest Spring Collection at an exclusive launch party in Los Angeles at The Dream Hollywood for media, influencers, and friends of the brand. Taking note from the product aesthetic, the event served as the ultimate 90s nostalgia trip with bright and bold décor from neon signs to giant boom boxes and life-size cassette tapes. Throughout the night, guests engaged in various activations


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Today, that’s equivalent to $5.9 billion — more than the GDP of a small country and an astronomical amount that would make you the 108th-richest person in America. As far as missed investment opportunities go, Bitcoin is definitely near the top for a lot of people. With Elon Musk’s recent purchase of $1.5 billion worth of the cryptocurrency and announcement of Tesla’s plans to accept it as a form of payment, the currency has never been hotter. Cryptocurrency ETFs are an emerging investment product that offers investors exposure to growing demand for digital currencies such as bitcoin and ether. In September, Hut 8 received and installed 600 servers, which will result in daily earnings of 7.1 ethereum, equivalent to 0.5 bitcoin for a total of C$25,000. Digital asset miner Hut 8 Mining claims to have one of the highest installed capacity rates in the industry.
Nobody knows. Personally, I think that the BTC bull market cycle is over.
If BTC dictates everything else, then it’s a long grind down and sideways. If fundamentals matter at all, then ADA decouples from BTC price action. No better time for that than dapps and defi going live.
— 𓊽Chillzill₳𓊽🎴🦖 (@Chillzillaaa) November 24, 2021
The milestone encouraged new investors into the market, and over the next four months, bitcoin’s price continued to rise – peaking at over $30. Kenneth Rogoff, a professor of economics and public policy at Harvard University and a former IMF chief economist, has predicted that the technology behind cryptocurrencies will thrive, but the price of bitcoin will collapse. The current market price of Bitcoin is updated every 3 minutes and is automatically sourced in USD. Bitcoin prices in other currencies are based on their corresponding USD exchange rates. Below, you’ll also find popular converter value denominations in USD. For now, the entire crypto market has pulled back, with the total cryptocurrency space’s market cap going from a high of $2.56T to today’s $1.76T (a 30% decline).
Latest Bitcoin Price Newsletter
To be sure, only a minority of bitcoin miners and bitcoin exchanges have said they will support the new currency. But even for those who don’t discover using their own high-powered computers, anyone can buy and sell bitcoins at the bitcoin price they want, typically through online exchanges like Coinbase or LocalBitcoins. Cryptographically secured, the peer-to-peer electronic payment system was designed to be transparent and resistant to censorship. When Mt. Gox opened an American bank account with Wells Fargo, President and CEO Mark Karpelès answered “no” to the questions, “Do you deal in or exchange currency for your customer? ” and “Does your business accept funds from customers and send the funds based on customers’ instructions ? The U.S. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by the Winklevoss twins for the second time. The U.S. financial watchdog has yet to approve a cryptocurrency-based ETF and in the release highlights issues with security, market manipulation and investor protection issues. NYSE’s Intercontinental Exchange together with Starbucks, Microsoft and BCG, among others, announced they are working to launch a new company called Bakkt. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft’s cloud to create an open and regulated, digital asset ecosystem, ICE said.
In July 2011, the operator of Bitomat, the third-largest bitcoin exchange, announced that he had lost access to his wallet.dat file with about 17,000 bitcoins (roughly equivalent to US$220,000 at that time). He announced that he would sell the service for the missing amount, aiming to use funds from the sale to refund his customers. There are also faucets that dispense alternative cryptocurrencies. The first bitcoin faucet was called “The Bitcoin Faucet” and was developed ETH price by Gavin Andresen in 2010. As the market valuation of the total stock of bitcoins approached US$1 billion, some commentators called bitcoin prices a bubble. In early April 2013, the price per bitcoin dropped from $266 to around $50 and then rose to around $100. Over two weeks starting late June 2013 the price dropped steadily to $70. The price began to recover, peaking once again on 1 October at $140. The price quickly rebounded, returning to $200 several weeks later.
Bitcoin Price Chart, 2010
Investment firms need at least $5 million at the bank to qualify for the new stakes. When more people are looking to buy Bitcoin (i.e. there’s more demand), the price will rise since people are willing to pay more and conduct transactions for a higher price. Bitcoin runs on a proof-of-work blockchain, which is essentially a chain of consecutive blocks containing transaction activity. Bitcoin miners run specialized computer equipment that constantly searches for the answers to complex math puzzles. Often valued in a pair with USD, Bitcoin price has increased massively over the years.
The company said it purchased approximately 3,318 bitcoins, expanding on its October 2020 buy of 4,709. Square said it represents about 5% of the company’s total assets as of the end of 2020. Elon Musk, the chief executive of Tesla said that the company would accept Bitcoin as payment for cars in the United States, a move that is at odds with the company’s image as an environmentally friendly electric-car maker. Tesla will hold the digital currency, rather than convert payments to dollars, and handle the crypto transactions internally, Mr. Musk said.
A blockchain is a digital ledger recording cryptocurrency transactions, maintaining records referred to as ‘blocks’ in a linear, chronological order. Bitcoin Daily is delivered to your inbox each morning, we find the top 3 stories and offer our expert analysis & highlight current cryptocurrency prices. Others with potentially huge Bitcoin investments include Tim Draper and Chamath Palihapitiya. Draper allegedly bought 30,000 bitcoins in 2014, meaning his investment is worth $1.76 billion today.
The ETF allows investors to add and sell bitcoin with no digital wallet required. The story is different in the US where nearly a dozen crypto ETFs are awaiting approval from the US Securities Exchange Commission . The federal agency is seemingly dragging its feet on approving these applications because of a lack of regulatory framework to govern crypto exchanges, as well as a perceived need for greater investor protections. Cryptocurrency ETFs also protect investors from losing their cryptocurrencies by storing their holdings offline. The blockchain industry continues to mature, and has experienced more mainstream adoption in 2021. This has translated into higher share prices for the top Canadian blockchain stocks. Here’s a look at the top five risers and what may have moved their share prices. Butt told INN the investment landscape in Canada should be commended to the regulators who were able to stay “ahead of the curve” when it came to cryptocurrency funds.
In general, it is common for important breakthroughs to be perceived as being controversial before their benefits are well understood. The Internet is a good example among many others to illustrate this. Bitcoin is money, and money has always been used both for legal and illegal purposes. Cash, credit cards and current banking systems widely surpass Bitcoin in terms of their use to finance crime. Bitcoin can bring significant innovation in payment systems and the benefits of such innovation are often considered to be far beyond their potential drawbacks.
To celebrate Bitcoin’s 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. Bitcoin price jumped after China’s government threw its backing behind the digital coin’s underlying ledger technology. China’s President Xi Jinping said Beijing will increase investment in blockchain technology. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses. FCoin, a crypto exchange that adopted the controversial “trans-fee mining” model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. According to the SEC’s lawsuit, the duo ignored legal advice that the cryptocurrency could be considered an investment contract and therefore was a security. The value of bitcoin dropped on various exchanges between 11 and 20 percent following the regulation announcement, before rebounding upward again. Up until July 2017, bitcoin users maintained a common set of rules for the cryptocurrency.
- Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns as of January 1, 2021.
- Could the restrictions from the US landscape represent an untapped opportunity for Canadian or other international ETF providers with different guidelines who can offer non-futures cryptocurrency funds?
- Federal Bureau of Investigation manages to identify the alleged operator of the dark web marketplace, which saw most of its sales in illicit drugs.
- When negative, the current price is that much lower than the lowest price reported for the period.
- Satoshi Nakamoto, a pseudonymous person or group, published the Bitcoin white paper in 2008, laying out BTC’s concept.
To the best of our knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions severely restrict or ban foreign currencies. Other jurisdictions may limit the licensing of certain entities such as Bitcoin exchanges. Bitcoin is a growing space of innovation and there are business opportunities that also include risks. There is no guarantee that Bitcoin will continue to grow even though it has developed at a very fast rate so far. Investing time and resources on anything related to Bitcoin requires entrepreneurship. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses. All of these methods are competitive and there is no guarantee of profit. It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.
When negative, the current price is that much lower than the lowest price reported for the period. This widget shows the number of times this symbol reached a new low price for specific periods, from the past 5-Days to the past 20-Years. For each period, the “Percent From Last” column shows you where the current price is in relationship to the High price for that period. When negative, the current price is that much lower than the highest price reported for the period. When positive, the current price is that much higher than the highest price from that period. This widget shows the number of times this symbol reached a new high price for specific periods, from the past 5-Days to the past 20-Years. Barchart is committed to ensuring digital accessibility for individuals with disabilities.
There will never be more than ~21 million, and even contemporary estimations say more than 3 million BTC have been lost for good, making BTC considerably scarcer than many realize. Think about how when the price of oil surges, more companies begin producing oil, which then increases the supply and acutely deflates the price of oil accordingly. Bitcoin’s Logarithmic Growth Curve is a 2019 technical analysis model created by Cole Garner. Standard Bitcoin price charts display the logarithmic price against linear time on the x-axis.
Bitcoin price history tracking allows you to quickly and easily see how your investment has been performing. You can track the opening value, high, and close for Bitcoin over time, along with the trade volume. You can also see the daily change as a simple percentage at a glance, so you can very easily see which days saw the greatest change. On 19 December 2017, Yapian, a company that owns the Youbit cryptocurrency exchange in South Korea, filed for bankruptcy following a hack, the second in eight months. Because bitcoin transactions are irreversible and there are many faucets, they have become targets for hackers interested in stealing bitcoins. Faucets try to get traffic from users by offering free bitcoin as an incentive.
Germany’s DAX index was off around 1% after opening down nearly 3%. France’s CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain’s FTSE 100 dropped 0.3%. Japan’s Nikkei 225 plunged 5.4% while Hong Kong’s Hang Seng index lost 2.2%. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30 a.m. In a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Peso has plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. Satoshi, bitcoin’s smallest unit, is now added to Oxford English Dictionary.
Months before the filing, the popularity of Mt. Gox had waned as users experienced difficulties withdrawing funds. Bitcoin and other cryptocurrencies are like the email of the financial world. The currency doesn’t exist in a physical form, and the coin is transacted directly between the sender and the receiver without banking intermediaries to facilitate the transaction. Everything is done publicly through a transparent, immutable, distributed ledger technology called blockchain. Bitcoin’s collapse in May and June had little to do with fundamentals, though China’s regulatory crackdown on cryptocurrencies did exacerbate the price slide. That said, the ultimate level to which the price fell was nothing but pure speculation. Similarly, the cryptocurrency’s rebound over the last month is simply market volatility. Zooming out, not much has changed about the investment thesis in Bitcoin since its initial collapse in May. Bitcoin’s underlying value stems from its security, track record of fending off cyberattacks, global transferability, and independence from fiat currency. Read more about Introduction in Crypto Trading here. A capped supply of 21 million tokens, over 90% of which are already in circulation, means that the added supply from mining will soon become negligible.