Another Day of Losses for Stocks (FDX, JACK)

Markets continue trend of suffering losses to finish this Wednesday. Federal Reserve Chairman Ben Bernanke announced, as anticipated, the end of QE2, and that there will be no QE3 measures at the moment. In corporate news, FedEx (FDX) saw an increase in profits despite rising fuel costs. And fast food company Jack in the Box (JACK) has made an extreme jump against marketing toward’s children by removing toys from their kids meals.

Word on the Street

• Markets fall after the Federal Reserve announcement.
• Federal Reserve Chairman Ben Bernanke says QE2 will cease, there will be no new round of easing.
• Online video distributor Hulu is considering an unsolicited takeover bid from an unknown company, possibly Yahoo (YHOO).
• FedEx (FDX) profits rise despite an increase in fuel costs.
• Jack in the Box (JACK) removes toys from it’s kid meals to avoid marketing unhealthy food to children.
• Soaring food prices fare well for Agrium (AGU).

Interesting Tidbits

• Lessons to be learn from the NBA draft when evaluating employee talent.
• An insightful, easy to remember list of the correlation between money and life success.

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