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Featured Advisor

Ed Meek
CEO/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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News for the Investor on March 23, 2015

Starbucks' ends one component of its "Race Together" initiative, Taylor belongs to Taylor Swift, and popular weedkiller is a "probably carcinogen." Read about these and more of the day's top business news stories.

“Insurgent” Falls Short of Original with $54 Million Opening

“The Divergent Series: Insurgent” topped the box office in its opening weekend with $54 million despite lackluster reviews. The first film in the franchise, “Divergent,” debuted last year with $54.6 million.  Disney’s well-received live-action “Cinderella” came in second with $34.5 million. “Run All Night” starring Liam Neeson came in third with $5.1 million in its second weekend.  In its opening weekend, “The Gunmen” earned only $5 million, but that was good enough for fourth place. “Kingsmen: The Secret Service” rounded out the top five, while the faith-based drama, “Do You Believe” came in sixth, earning $4 million.

U.S. Home Sales Rebound in February

The National Association of Retailers reports Monday that U.S. home sales picked up slightly last month. Sales of existing homes increased 1.2 percent in February to a seasonally adjusted annual rate of 4.88 million. The NAR cautioned that sales remain sluggish due to severe weather, affordability constraints and tight inventories. 

Starbucks Ends In-Store “Race Together” Campaign

Starbucks baristas will no longer write "Race Together" on customers' cups. This ends the most visible component of the company's diversity and racial inequality campaign that had sparked widespread condemnation rather than conversation in the week since it took effect, the Associated Press reports. A spokesperson said the company had always planned to end the cup messages on Sunday, March 22.  Starbucks will continue to hold forum discussions, co-produce special sections in USA TODAY and put more stores in minority communities as part of the Race Together initiative, according to a company memo from CEO Howard Schultz said.

Gas Down 4 Cents in Last Two Weeks

Industry analyst Trilby Lundberg said Sunday that the average national price of a regular gallon of gasoline has dropped 4 cents in the last two weeks to $2.50. The drop during the two-week period ended Friday comes despite labor strikes at some refineries, the Associated Press reports. Los Angeles had the most expensive gas among cities surveyed in the Lower 48 states at $3.29. Charleston, South Carolina, had the cheapest at $2.11.

Savvy Swift (as in Taylor) Buys Up Porn Domain Names So You Can’t

Social market-savvy Taylor Swift has purchased the domain names and to shake off Internet haters

The Internet Corporation for Assigned Names and Numbers has expanded its number of generic top-level domains beyond the usual .com, .net and .org to include .porn and .adult, according to CNN Money.  To combat the exploitation of their name, certain companies and people have been invited to register these domains before everyone else can June 1, USA TODAY reports.

Most Popular Weed-Killer Labeled Probable Carcinogen

Roundup, the most wisely used weed-killer in the United States, has been labeled a probable carcinogen by the France-based International Agency for Research on Cancer, a cancer research arm of the World Health Organization.  The IARC considered the status of five insect and weed killers including glyphosate, which is used globally in industrial farming, the Chicago Tribune reports. The U.S. Environmental Protection Agency, which makes its own determinations, said it would consider the French agency's evaluation. Monsanto and other producers of glyphosate-containing herbicides strongly disagreed with the decision. "All labeled uses of glyphosate are safe for human health," said Monsanto's Phil Miller, global head of regulatory and government affairs, in a statement.

Frontier Airlines Has a Brand New Bag (Fee)

Denver-based Frontier Airlines plans to raise fees starting May 1 for the first bag by $5 when passengers pay at the gate, pay during online check-in or use the airline’s call center, The Los Angeles Times reports. The $5 increase also applies to the second and third bag when paid for at the airport check-in. The bag fee goes up by $10 for any bag brought to the gate that exceeds the maximum carry-on dimensions.  Frontier was purchased in 2013 by Indigo Partners, the Phoenix-based private equity firm that helped finance Spirit Airlines, the carrier with the nation’s highest profit margin in the nation, for which gag fees played a big part.