Corey Ribotsky Update

For coffee lovers, coffee traders and professional fund managers like Corey Ribotsky, the latest news on coffee futures is certainly of interest.  At the moment, coffee futures remain close to a 13 year high.

These rising prices have actually forced U.S. roasters J.M. Smucker Co and Kraft Foods Inc. to raise prices by 9% and 10%.  Starbucks Corp has reported, for now, that they will absorb the four cents a share increase.

As the article explains, “Coffee stocks in ICE-approved warehouses have shrunk 35% since the beginning of the year, and global exports were down 14% in June to 7.8 million of 132-pound bags. A year earlier, exports totaled 18.5 million, according to the London-based International Coffee Organization.”

This article from the Wall Street Journal examines why, when stock-market volatility fell recently, the overall market’s implied correlation didn’t fall as one would expect it would.  It’s an interesting analysis and a worthwhile read for investors like Corey Ribotsky, hedge managers and others.

The Leukemia & Lymphoma Society is constantly creating ingenious fundraising ideas.  Their most recent project is the Light The Night Walk and their offer of relief at the pump this summer with it.  As a fundraiser for the Light the Night Walk, you can early $50 worth of free gas for every $500 that you raise during July and August.  If you raise $250 online, you’ll earn a $15 gas card while supplies last.

As the chief marketing and revenue officer for LLS explains, “Light The Night Walk, LLS’s annual evening fundraising walk, is the nation’s opportunity to pay tribute and commemorate lives touched by blood cancer. The goal of finding cures is already a great motivator, and LLS’s ‘Save at the Pump’ promotion is just an extra way to thank participants for bringing hope to patients battling cancer.”

Along with their generous support from so many donors, including Corey Ribotsky of the NIR Group, these fundraisers really make a difference in the fight against cancer.

In recent news for the Leukemia & Lymphoma Society, where Corey Ribotsky is a supporter, the Society recently partnered with The John Theurer Cancer Center to host a panel discussion with leading blood cancer experts.  The two hosted Partners in Progress, an expert panel discussion on advancing therapies for blood cancers.  The program, which took place on Tuesday, June 22 in Hackensack, NJ was free and open to patients, caregivers and healthcare providers.

It featured leading leukemia experts, clinical trial participants and MDS survivors.  The program was supported by an educational grant from Genentech/Biogen Idec and an educational donation from Amgen.

This is a fascinating analysis of the American economy, based on the profits reflected with the retailer Dollar General.  It’s very interesting to see how one company’s sales can be a barometer for the national economy, or so this article seems to explain.