KFC Introduces Bitcoin Bucket: LIVE MARKETS BLOG

 | Jan 12, 2018 | 3:08 PM EST
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KFC Introduces Bitcoin Bucket in Canada

Bitcoin users who love fried chicken rejoice, KFC introduced a bucket that can only be purchased using bitcoin. 

The limited time offer is only available in Canada and the first wave already sold out. $20 worth of bitcoin gets you 10 original recipe tenders, waffle fries, a medium side, gravy and 2 dipping sauces. 

KFC said that it would even deliver the goods to your door. 

KFC Canada presents The #Bitcoin Bucket. Sure, we don't know exactly what Bitcoins are, or how they work, but that shouldn't come between you and some finger lickin' good chicken. https://t.co/2OKuCHk5Hb pic.twitter.com/UwaduB8toi

— KFC Canada (@kfc_canada) January 11, 2018

AMD Stock Continues to Suffer From Spectre Vulnerability

Spectre's latest victim is Advanced Micro Devices Inc.'s (AMD) stock price.

After rising 20% during the first week of trading this year, AMD's stock price has taken a hit during the second week after the company revealed that the cybersecurity threat affected the company's chips.

The company's stock fell 4% after hours Thursday after CEO Lisa Su told Yahoo finance "To clarify, for Meltdown, AMD is not susceptible. We don't have a susceptibility to that variant. But with Spectre, AMD is susceptible."

Spectre is a vulnerability with implementations of branch prediction that affects modern microprocessors with speculative execution and was discovered January 3, and affects microprocessors and exposes private data to hackers.


NASA Delays Use of Private Spacecraft Amid Security Concerns

NASA is raising alarm bells about the safety of using private spacecraft from companies like Elon Musk's SpaceX and Boeing (BA) to ferry astronauts to and from space, according to the Wall Street Journal

The potential issues include unconventional rocket fuel systems and anticipated bombardment in orbit by tiny meteor fragments. 

NASA has stipulated a limit of no more than one fatal accident per 270 flights, a threshold that neither SpaceX or Boeing is likely to meet, according to a report the government agency released. 


Dow Approaches 26,000 as Markets Continue to Outperform

The bulls are running on Wall Street Friday as the three major indices push to new record highs. 

The Dow Jones Industrial Average was leading the way Friday morning, rising 0.79%, or more than 200 points, to 25,766. The Nasdaq gained 0.5%, or 36 points, to 7,248.14 and the S&P 500 gained 0.45%, or 13 points, to 2,780. 

Friday was the beginning of the fourth quarter earnings season, with banking giants JPMorgan Chase (JPM) and Wells Fargo (WFC) releasing their quarterly results before the market opened. 


47 Royal Caribbean Passengers Report Stomach Bug

A Royal Caribbean (RCL) cruise ship will be returning to port late after 47 passengers reported contracting a gastrointestinal bug aboard the ship which left Baltimore on January 2. 

The ship will now return home on January 12 instead of its scheduled January 10 date. 

"We're taking steps like intensive sanitary procedures to minimize the risk of any further issues. The ship will undergo special cleaning procedures before it departs Saturday for her next cruise," a spokesperson told Fox News. 


Jeff Bezos Donates $33 Million to Dreamer Scholarship Fund

Amazon (AMZN) CEO Jeff Bezos, a frequent target of President Donald Trump, announced that he is donating $33 million to a scholarship fund for "dreamers," immigrants brought to the United States illegally as children. 

Trump has been vocal about his opposition to the Obama-era law that gave amnesty to the children and has announced plans to phase out the Deferred Action for Childhood Arrivals program in March unless Congress replaces it. 

"My dad came to the U.S. when he was 16 as part of Operation Pedro Pan," said Jeff Bezos in a statement. "He landed in this country alone and unable to speak English. With a lot of grit and determination - and the help of some remarkable organizations in Delaware - my dad became an outstanding citizen, and he continues to give back to the country that he feels blessed him in so many ways. MacKenzie and I are honored to be able to help today's Dreamers by funding these scholarships."


Consumer Prices Inch Up in December

U.S. consumer prices rose 0.1% in December after rising 0.4% in November, according to the U.S. Labor Department. Overall inflation was up 2.1% over the past 12 months. 

Energy prices fell 1.2% in the month after jumping 3.9% in November. The decline was attributed to a 2.7% decline in the price of gasoline, which rose 7.3% in November.


Holiday Sales Rise Year Over Year

The U.S. Commerce Department released figures showing that holiday spending rose 0.4% in December, building off of a strong November were sales surged 0.9%. 

Retail sales rose 4.2% overall in 2017, the biggest gain in three years. 

Online retailers reported a 1.2% increase in sales while brick and mortar department retailers reported gains of just 0.1%. 

Restaurant and bars saw an increase of 0.7% and home and garden store sales rose 1.2% in the period. 


Fiat Chrysler to Move Ram Truck Production to Detroit

Fiat Chrysler (FCAU) announced plans to invest more than $1 billion to modernize its Warren Truck plant in Michigan and move production of its Ram Heavy Duty trucks to the plant from Mexico.

The change is expected to be completed in 2020. 

Joining a chorus of companies celebrating the fact that they will be paying lower taxes, Chrysler also announced $2,000 bonuses that will be paid in the second quarter of this year to 60,000 hourly salaried employees in the U.S. 


Premarket

U.S. futures contracts were trading in positive territory Friday as markets look to build on the record highs that were reached in Thursday's session. 

S&P futures were rising 0.17%, Nasdaq contracts gained 0.12% and Dow futures climbed 0.34% ahead of the opening bell.

In China, the Hang Seng had a strong session, rising 0.94%, while the Shanghai Composite rose 0.1%. The Nikkei declined 0.24% Friday. 

Major European markets rose across the board. The CAC 40 in France was up 0.2% with about four hours of trading left. 

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