What You Need To Know (12/13/16): The Dow, BioPharmaX, Sin Stocks

New York in Winter

Here’s what you need to know for today:

  • The Dow Jones Industrial Average is on track to hit the milestone of 20,000 points, and keeps hitting record highs every day. If you don’t know what that means, read this.
  • BioPharmaX ($BPMX) will announce their earnings later tonight. Save for Thursday, when Adobe and Oracle announce their quarterly earnings, this week is fairly slow for quarterly earnings announcements.
  • Did you know you can invest in strip clubs, liquor, and cigarettes? Read our primer on “sin stocks” and learn how you (yes, you!) can invest in the so-called finer things in life.

Here’s what we’re reading this morning:

Donald Trump Says His Company Will Do ‘No New Deals’ During His Term” by Michael D. Shear and Eric Lipton, The New York Times
Trump is postponing his announcement to move away from his businesses until next month. Until then, he’s making smaller announcements about his potential conflicts of interest.

Amazon workers in Scotland are camping outside in the bitter cold to avoid travel costs” by Ananya Bhattacharya, Quartz
It is cheaper for laborers working for Amazon to sleep in sub-zero temperatures than pay the $12+ to get to work each day.

Fossil fuel divestment funds double to $5tn in a year” by Damian Carrington, The Guardian
Oil prices and stocks might be up, but more people are divesting from fossil fuels (including your humble editor).

Chipotle Cuts Back To Only One CEO” by Laura Northrup, Consumerist
You read that right. Chipotle had two CEOs. Now it has one, founder Steve Ells.