Dining out is always a great date option, but why not go one better and throw some art viewing into the mix? Several of Los Angeles’ best museums also have very good restaurants on the premises, or just a short stroll away. Not long ago, museum restaurants catered to captive audiences desperate for, well, almost anything. Happily, times have changed and quality cuisine is becoming easier to find at (or near) L.A.’s cultural institutions. With that in mind I’m going to use to this list to zero in on (in my humble opinion) the finest museum-dining combos in the city. Hopefully you can find something below to inspire you on your next adventure! Urban Lights. Photo Credit: Brian Champlin / We Like L.A. Ray’s and Stark Bar at LACMAA quintessentially Los Angeles eatery, Ray’s and Stark Bar offers the most extensive water menu in the entire United States. Located next to LACMA behind one of L.A.’s most iconic photo sites/artworks —- Chris Burden’s Urban Light installation — this culinary hotspot was named for Hollywood hotshot Ray Stark, whose producing credits include West Side Story, Steel Magnolias, and Stanley Kubrick’s Lolita. Well-situated, its large outdoor bar and glassed-in space ideal for people watching, Ray’s decor is cool and mid-century inspired. The well-curated cocktail menu includes such gems as A Gentleman’s Breakfast (cognac, cold-brew coffee, maple syrup, black walnut bitters and cream) and a Coconut Pineapple Margarita. The wood-fired pizzas are a menu highlight — one is topped with prosciutto, fontina, arugula and figs, while the Di Mare Pizza is laden with sea urchin, clams, bottarga, and burrata. Munch on those, or other notable dishes like the crispy chicken wings with tograshi and shishito peppers; pork cheeks with spaghetti squash, caramelized apples and pumpkin seeds; or the American Kobe beef cheeseburger decadently loaded with bacon, gouda, hollandaise sauce, avocado, red onions, and tomato, and you’ll see why both Travel + Leisure and Afar anointed Ray’s one of the best museum Restaurants in America and the world, respectively. LACMA’s current must-see show is Picasso & Rivera, while essentials from the permanent collection include Rene Magritte’s surrealistic masterpiece The Persistence of Time, David Hockney’s Mulholland Drive, Robert Graham’s Retrospective Column and Diego Rivera’s Flower Day. Drago at the Petersen Automotive MuseumThe four Drago brothers, who hail from Sicily, have created some of L.A.’s best Italian restaurants, including Drago Centro in DTLA. The new Drago, just opened in December inside the Petersen Automotive Museum, is no exception. It’s a superior Italian eatery offering locally grown produce, delicious house-made pastas, and refined signature dishes. Image via Petersen Automotive Museum on Facebook
This newly built space works well with the museum, with modern decor intended to evoke the streamlined curves and fluid lines of classic autos. Standout dishes include house-made cavatelli coated in venison ragu and porcini mushrooms; soft polenta topped with sautéed jumbo scallops, artichokes and morel mushrooms; and creamy risotto with butternut squash, crispy zucchini flowers and roasted hazelnut. The delightfully unpredictable dessert menu includes semifreddo al cocco (coconut semifreddo, braised pineapple, huckleberry compote and almond spongecake) and an apple-rosemary tart with redcurrant mousse. While you’re at the Petersen, you might want to check out the 1933 Deusenberg, a 1952 Hudson Wasp, a 1939 Bugatti, and The Unconventional Canvases of Keith Haring. Otium at The BroadThe Broad just opened in late 2015 but it’s already one of LA’s most beloved museums, thanks to daily free admission and an amazing permanent collection of contemporary works accumulated over decades by the Broad family. Remarkable architecture both without and within, the Infinity Mirrored Room and special exhibitions like last year’s Cindy Sherman show add to the appeal, as does their restaurant, Otium. Otium’s chef, Timothy Hollingsworth, is very much a product of California — he spent 13 years in the Napa Valley and is currently a resident of Downtown L.A. The menu is a well-curated assortment of dishes with influences from across the U.S., Mexico, Asia, northern Africa and beyond. Standouts include the oxtail tart with duxelles, mizithra and crispy shallots; butternut squash with coffee, ricotta, pepitas and sorrel; and monkfish with heirloom bean cassoulet and tomato confit. While you’re at The Broad, don’t miss Michael Jackson and Bubbles by Jeff Koons, the still-timely Your Body is a Battleground by Barbara Kruger, 13 works by Jean-Michel Basquiat and the largest Warhol collection on the West Coast. Grammy Museum and WP24The Grammy Museum, located Downtown in L.A. LIVE, pays homage to the history of the Grammy Awards and to music in general. New exhibits pop up numerous times a year and its tiny Clive Davis Theater, with just 200 seats, often hosts intimate concerts and conversations with top artists. Barbra Streisand, Weezer, Taylor Swift and Sting all made appearances at the Clive Davis over the last few months. The Grammy Museum doesn’t have a restaurant on the premises but if you’re visiting and would like a meal before or after, L.A. Live has a few choices and the best one might be WP24 at the Ritz Carlton Hotel. Wolfgang Puck’s fine-dining Chinese restaurant has amazing views due to its 24th-floor location, and offerings such as dumplings stuffed with Alaskan king crab, shrimp and Kurobuta pork; Assam curry seafood hotpot, and whole Peking duck. The Grammy Museum’s current must-see show is Hey! Ho! Let’s Go! Ramones and the Birth of Punk. Up through February 28, it features artifacts like Joey’s Ramones’ high-school report card, diaries, setlists, the band’s clothing and instruments and a slew of original photos. Jazz fans should check out the Count Basie exhibit. Jim Marshall’s 1967 is a collection of 60 photos taken by the notable rock photographer of icons such as Jimi Hendrix taken during that pivotal year in rock history. MOCA at Pacific Design Center and red | sevenThe small offshoot of MOCA in DTLA focuses on exhibits related to design and architecture. Located at West Hollywood’s Pacific Design Center, it’s also home to red | seven, a Wolfgang Peck eatery inside the Green PDC building. This airy spot, open only at lunch, offers dishes like a turkey croque monsieur on cranberrry walnut brioche, prosciutto flatbread with walnut kale pesto and burrata, and an Angus beef breakfast burger topped with bacon, fried egg, arugula, and tarragon aioli. Past MOCA at PDC shows have focused on avant-garde ‘60s fashion designer Rudi Gernreich and the homoerotic art of Tom of Finland. MOCA at PDC’s current show, Rick Owens: Furniture, focuses on the iconoclastic designer’s brutalist-inspired home designs made of materials including concrete, leather, marble, and bronze. Manuela at Hauser, Wirth & SchimmelThough officially a gallery and not a museum, Hauser, Wirth & Schimmel comes close. This huge Downtown L.A. space offers museum-quality exhibits, internal outdoor spaces, a bookstore and a restaurant, Manuela. Manuela’s chef, Wes Whitsell, hails from rural Texas, and his background is reflected in his culinary influences, with fermenting, pickling, preserving and in-house smoking dominating the menu at this art-dominated space. Cocktails are concocted with house-made bitters and tonics, while menu standouts include grilled quail with labne and pomegranate, pulled-pork sliders with fermented jalapeño, and bacon-wrapped elk loin with maitake and fermented radicchio. While you’re there, be sure to check out Jason Rhoades: Installations 1994-2006. FIDM Museum and Faith & FlowerThe FIDM Museum is a true L.A. treasure. This small but beautifully edited space within the Fashion Institute of Design and Merchandising offers free exhibitions of costume and vintage clothing that are musts for dedicated lovers of fashion. The 25th Annual Art of Motion Picture Design, featuring costumes from Oscar-nominated fashion designers, is currently on display and a yearly tradition. Another annual show dedicated to TV costume design appears every summer. After looking at gorgeous clothing you deserve a cocktail or bite in a spot brimming with style, and Faith & Flower easily fits the bill. A short walk from the FIDM Museum, Faith & Flower is a gorgeous space that harkens back to the 1920s while retaining a modern vibe. Notable dishes include the oxtail agnolotti with bone marrow butter and beef tendon chicharrones, deviled jidori eggs with kimchee, and eggs benedict pizza. During a recent cocktail tasting here, two standouts were the Spark of Madness (mezcal, pisco, caramelized pineapple gomme, L’Orgeat almond liqueur and lime) and the Dusty Fedora (Eagle Rare Bourbon, Wild Turkey 101 Rye, Hamilton’s Pimento Dram, maple syrup and both Decanter and chocolate bitters). Annenberg Space for Photography and Hinoki & the BirdSince its opening in 2009, Century City’s Annenberg Space for Photography has featured some of the most exciting photographic exhibitions in Los Angeles, including Beauty Culture, Who Shot Rock and Roll and Helmut Newton White Women/Sleepless Nights/Big Nudes. Take a short walk and you’ll find Hinoki & the Bird, a rustic yet sophisticated indoor/outdoor restaurant inspired by travels along the Silk Road. Merging French technique with Japanese cuisine, Hinoki & the Bird’s signature dishes include crispy sucking pig, butter lobster ramen and wild boar ribs. Admission is always free at the Annenberg Space for Photography, which is currently exhibiting Identity, an exploration of race, gender, class and sexuality; and #girlgaze, featuring work from young female photographers from around the world. Hammer Museum and Ammo at the HammerThe Hammer Museum is a vibrant cultural center located in Westwood that offers 20 exhibits and 300 events a year, in addition to its impressive permanent art collection of Europeand and American art and the Billy Wilder Theater. This home to UCLA’s Film and Television Archives’ public programming regularly screens movies all the way from the silent era to current times. Adjoining The Hammer’s large, peaceful courtyard is AMMO at the Hammer, a cafe offering brunch, lunch and light fare till 7:30 p.m. Here you’ll find simple, tasty dishes like a salmon bowl with brown rice and veggies, a grilled cheese and braised kale sandwich, and a board laden with prosciutto, pears, parmigiana reggiano and almonds. Go to The Hammer for the Mindful Awareness class every Thursday at 12:30 p.m., to view Barbara Kruger’s 13-minute video installation The Globe Shrinks, or to see John Singer Sargent’s 1881 portrait Dr. Pozzi at Home. Huntington Library and Freshwater Dumpling & Noodle HouseLocated in San Marino, the Huntington Library and Botanical Gardens is one of the world’s greatest research and cultural centers. Over a century old, it’s the onetime estate of Henry Huntington, a railroad magnate and collector of rare books.120 acres of gardens feature rare plants from around the world, while the Beaux Arts mansion referred to as the library houses some of the world’s rarest books, dating back as far as the 15th century, along with art, photos and more. A recent addition to the Huntington is Freshwater Dumpling & Noodle House, from one of L.A.’s most iconic chefs, Susan Feniger. Located in the Chinese Garden, Freshwater offers noodle dishes and dumplings from many areas of China, with additional influences from Nepal and Mongolia. Try the pork congee or the tek tek peanut noodles. 1919, another Feniger venture at the Huntington, features Mexican cuisine from the Border Grill taqueria, a sushi bar and global small plates, along with beer, wine and craft cocktails. While at the Huntington, you won’t want to miss Thomas Gainsborough’s The Blue Boy, painted in 1779, and the Gutenberg Bible dating back to 1455 The Getty Center and Restaurant at the Getty CenterPerched high above the 405 in Brentwood, the Getty Center is one of the city’s top tourist attractions, due to its modern design courtesy of architect Richard Meier, sweeping city views, breathtaking gardens and impressive permanent collection and exhibits. The best place to eat here is the Restaurant at the Getty Center. Offering impressive views of the surrounding Santa Monica Mountains, the Restaurant is a great place for brunch (try the chilaquiles, the Venetian pork panini or the baby artichoke salad), lunch or dinner (with offerings that include duck breast confit and cioppino). Current shows at the Getty focus on pastel fashion drawings of the 18th century, Degas, and a photography and video exhibition called Breaking News: Turning the Lens on Mass Media. While you’re there, you won’t want to miss the Center for Photographs, along with masterpieces like Van Gogh’s Irises and Monet’s Portal of Rouen Cathedral. Article by We Like LA.
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Stock market indexes reach new record highs – The Dow and S&P closed at record highs on Friday. They both gained about 1% for the week. Stocks rallied on Thursday and Friday following an announcement that a tax reduction plan would be announced in the next few weeks, and an outline of a plan drafted by the chairman of the House Committee of Financial Services, which would remove many regulations in The Dodd Frank Financial Reform Bill passed in 2010. Investors are becoming more optimistic that lower taxes, less regulation, and higher infrastructure spending could fuel faster economic growth. 2016 fourth quarter corporate profits beat estimates by most companies reporting, which provided further optimism. Energy stocks were boosted as well because investors were encouraged to see that OPEC is following through on its commitment to decrease production of oil to increase oil prices. The Dow Jones Industrial Average closed the week at 20,296.37, up from last week’s close of 20,071.46. The S&P 500 ended the week at 2,316.10, up from its close of 2,297.42 last week. The NASDAQ closed the week at 5,734.13, up from last week’s close of 5,666.77.
U.S. Treasury Bond yields lower this week – The 10-year U.S. Treasury Bond closed the week yielding 2.41%, down from 2.49% last Friday. The 30-year Treasury Bond yield closed the week at 3.01%, down from 3.11% last week. Mortgage rates follow bond yields, so we watch treasury bonds closely. Mortgage rates hold steady – The Freddie Mac Primary Mortgage Survey released on February 9, 2017 revealed that average mortgage rates from lenders surveyed for the most popular mortgage products were as follows: The 30-year fixed rate average was 4.17%. The 15-year fixed average rate was 3.39%. The 5/1 ARM average rate was 3.21%. Home sales and prices spike in the fourth quarter of 2016 – The number of homes sold in the fourth quarter of 2016 was 7.1%higher than the fourth quarter of 2015, according to The National Association of Realtors. It was the highest quarterly sales pace of the year and pushed available housing supply to record lows in the final quarter of 2016. Home prices increased at a quicker pace in the final quarter of 2016, up 5.7% from the same quarter one year earlier, which was attributed to more competition for fewer homes. The number of homes for sale nationally in the fourth quarter was down 6.3% from the number of homes for sale in the same quarter of 2015. It marked the fewest number of homes for sale since NAR began tracking available listings. Nationally, there was a 3.9 month supply of homes for sale in the fourth quarter of 2016, down from a 4.6 month supply in the same quarter a year ago. California had a 2.6 month supply in December, according to The California Association of Realtors. California fourth quarter housing affordability unchanged from 3rd quarter – The California Association of Realtors reported that 31% of California households could afford to purchase a median price home in the fourth quarter, unchanged from the third quarter and up from 30% in the fourth quarter of 2015. A minimum income of 100,800 was needed to purchase median priced home of $511,360 according to CAR. 40% of households were able to purchase a condominium or town home, which had a median price of $413,700 and needed an annual income of $81,550. They attributed the slight year over year increase in affordability to increases incomes. Author Syd Leibovitch Strong company earnings put investors in a buying mood Thursday, lifting the major U.S. stock indexes to record highs.
Banks and other financial companies led the rally as bond yields rose. Energy also notched big gains as crude oil prices rose. Utilities and materials lagged behind the broader market. Traders have been focused in recent weeks on companies reporting their quarterly results as they size up corporate America’s prospects for growth. They’re also keeping an eye on Washington to gauge whether the Trump administration will deliver on expectations of business-friendly policies that helped drive a market rally last fall. “You’re definitely seeing a kind of risk-on [trade] right now, with the fear of missing out overshadowing the fear of a policy mistake,” said Chris Zaccarelli, chief investment officer for Cornerstone Financial. “You’re seeing a recovery in corporate profits, and that’s definitely giving investors some extra confidence.” The Dow Jones industrial average rose 118.06 points, or 0.6%, to 20,172.40. The Standard & Poor’s 500 index gained 13.20 points, or 0.6%, to 2,307.87. The Nasdaq composite index advanced 32.73 points, or 0.6%, to 5,715.18. The Nasdaq has now set a record high three times this week, in addition to last Friday. The Russell 2000 index of small-company stocks outpaced the rest of the market. It climbed 19.79 points, or 1.5%, to 1,378.53. About 61% of the companies in the S&P 500 had reported earnings as of Wednesday. Going by those results, company earnings in the October-through-December quarter are up 6.7% from a year earlier, according to S&P Global Market Intelligence. “The earnings season is turning out to be pretty good,” said Phil Blancato, chief executive of Ladenburg Thalmann Asset Management. “We’re starting to see some real earnings growth.” Investors bid up shares in companies that turned in better earnings or outlooks than Wall Street was expecting, including Gannett, Kellogg and Dunkin’ Brands. Gannett, publisher of USA Today and other newspapers, advanced 4% to $9.05. Kellogg rose 4% to $76.44. Dunkin’ Brands climbed 4.2% to $54.13.Traders also welcomed Viacom’s latest quarterly results and the media giant’s plans to turn its business around. The owner of BET, Comedy Central, MTV, Nickelodeon and the Paramount film studio rose 4.3% to $43.89. Yum Brands got a lift thanks to stronger U.S. sales at its KFC and Taco Bell chains, which offset weakness at the company’s Pizza Hut restaurants. Its shares went up 1.2% to $67.39. Results from several companies failed to impress investors.Twitter slumped 12.3% to $16.41 after the social media company’s latest quarterly earnings, which topped analyst expectations, were overshadowed by a weak profit forecast. Coca-Cola traded sank 1.8% to $41.25 after it reported that its profit fell 55% in the most recent quarter. Dun & Bradstreet tumbled 16.8% to $101.88 after the business information provider said it expects less revenue from a partnership with Salesforce this year. The stock was the biggest loser in the S&P 500. Benchmark U.S. crude rose 66 cents, or 1.3%, to $53 a barrel. Brent crude, the benchmark for international oil prices, rose 51 cents, or about 1%, to $55.63 a barrel. Wholesale gasoline advanced 2 cents to $1.57 a gallon. Heating oil rose 1 cent to $1.64 a gallon. Natural gas futures rose 2 cents to $3.14 per 1,000 cubic feet. The dollar rose to 113.33 yen from 112.05 yen. The euro fell to $1.0658 from $1.0687. Bond prices fell. The 10-year Treasury yield rose to 2.39% from 2.34%. Gold fell $2.70 to $1,236.80 an ounce. Silver rose 4 cents to $17.74 an ounce. Copper slid 1 cent to $2.65 a pound. The major stock indexes in Europe also notched gains Thursday. Germany’s DAX rose 0.9%, France’s CAC 40 gained 1.3% and Britain’s FTSE 100 advanced 0.6%. In Asia, Japan’s Nikkei 225 stock index slid 0.5% ahead of meetings Friday between Prime Minister Shinzo Abe and President Trump. Most other regional benchmarks notched gains. Hong Kong’s Hang Seng index gained 0.2%, while the Kospi in South Korea was almost flat. Australia’s S&P ASX/200 rose 0.2%. Article by Associated Press. Los Angeles provides no limit of things to do, some awesome and some not so awesome. Since time is precious in this fast paced city, we decided to curate a list of things to do in Los Angeles every week end that’ll help you decide how you want to spend your limited supply of attention (not to mention dollars!). This weekend (Feb. 10 to Feb. 12) includes pre-Valentine’s Day Quiet Clubbing, a tea festival at Descanso Gardens, Cupid’s Undie Run, a Roaring Twenties speakeasy party, the Chinatown Firecracker Run, Time Out LA’s Grilled Cheese Metldown, and LOTS more to choose from. Enjoy! Overcast morning at Vista Hermosa Park. Photo by Brian Champlin / We Like L.A>
Friday February 10th, 20171. The Great Horror Movie Nights at the Old Zoo in Griffith Park kickoff for 2017 this Friday with a screening of Carrie (1976). The event will feature plenty of pre-show entertainment including games, prizes, and roaming scare-actors. Discount tickets are available via Goldstar while supplies last. DISCOUNTED (via Goldstar) 2. Arts Brookfield at FIGat7th is hosting a psychedelic pre Valentine’s Day quiet clubbing party with three DJs, and graphics from the Signs of Life art exhibit. FREE 3. The Street Art House pop-up gallery heads to The Hangar from Feb. 4 through 10. Attendees will get a chance to view and purchase street artists’ original works from around the globe. Participating artists include WRDSMTH, Skyler Grey, Hagop, and more. FREE 4. Thrones!, a hilarious musical parody of Game of Thrones is playing at The Hudson Theatre in Hollywood all weekend. DISCOUNTED (via Goldstar) 5. Creamistry will open in Alhambra this Friday, February 10 ready to serve free made-to-order liquid nitrogen ice cream, prizes. Oh, and did we mention free ice cream? Get some from 4 to 6 p.m. FREE 6. The Groundlings: The Completely Different Late Show is a hilarious improv show by the cast of the Groundlings’ Main Company. Audience shout suggestions throughout the night for improvisational scenes performed by some of the best in the business. It’s also a testing ground for brand new material for the Groundlings’ main show. DISCOUNTED (via Goldstar) 7. The Inspiration LA Vintage Show returns to The Reef in DTLA (Feb. 10-11) for two days of vintage-oriented exhibits with one-of-a-kind merchandise from the 1900s to 1980s sold by vintage sellers from all over the country and from Japan! 8. Lady & The Tramp is back on the big screen at the El Capitan Theatre (Feb. 10-19) Moviegoers can enjoy this classic love story of two pups falling in love while sharing a delicious plate of spaghetti and meatballs for a limited time only! Check for discounted tickets on Goldstar while supplies last. DISCOUNTED (via Goldstar) 9. One Love Cali Reggae Fest docks at the Queen Mary in Long Beach (Feb. 10-12) for three days of dancing to your favorite reggae music on a Los Angeles’ historic cruise ship. 10. Every Friday in February Greenbar Distillery in Downtown Los Angeles will host cocktail classesfeaturing seasonal and themed drinks. This weeks theme is Prohibition Era Cocktails. 11. Santa Monica’s Aero Theatre presents a screening of The Man Who Fell To Earth. DISCOUNTED (via Goldstar) 12. The Virus: An Immersive Escape Room Experience happening all weekend. DISCOUNTED (via Goldstar) 13. Every Friday in February, the Norton Science Museum in Pasadena will host “Unexpected Romance” a film series centered around romance. This week the 1941 film Ball of Fire will be screened. 14. Want to stay thrifty while supporting a great local cause? The St. Vincent de Paul Los Angeles thrift store is offering 50% off all men’s/women’s short-sleeve shirts through Valentine’s day. 15. The Alchemist’s Lab is an escape room experience putting you right in the shoes of a junior detective at Scotland Yard in the 19th century. Do you have what it takes to uncover the devious plans of the alchemist? Happening all weekend. DISCOUNTED (via Goldstar) 16. The Pan African Film & Arts Festival (Feb. 9-20) will showcase over 150 new films, along with special programs aimed towards students and the community. 17. Free admission days this Friday for: Long Beach Museum of Art (3 – 8 p.m.) FREE Saturday February 11th, 201718. On February 11 and 12, guests can enjoy blossoming camellias, guided walks, tea samples from Chado Tea, art activities, and interactive performances during the Camellia & Tea Festival. 19. Cinespia screens Lost in Translation at The Palace Theatre this Saturday. 20. Take your pants off and run around for charity. Literally. Cupid’s Undie Run comes to Santa Monica this Saturday for a “brief” sprint for a great cause. Proceeds for this fun run benefits the Children’s Tumor Foundation. 21. The 8th Annual Edwardian Ball comes to the Globe Theatre in the Broadway Downtown Theatre District on Saturday February 11 for a soirée of art, music, theatre, fashion, technology, circus that honors the creations of author and illustrator Edward Gorey. Check for Discount tickets on Goldstar before making your purchase. DISCOUNTED (via Goldstar) 22. Celebrate true love and head to the Million Dollar Theatre in DTLA for a screening of The Princess Bride. Put on by the folks at Street Food Cinema the event will feature a free photo booth and a DJ. Folks are encouraged to come in Medieval attire and grab some food at near by food hall GCM. DISCOUNTED (via Goldstar) 23. Theres a Roaring Twenties speakeasy party held at the historic LA River Studios this Saturday. This all immersive event will feature retro entertainment, Prohibition era-inspired cocktails, a reenactment of the St. Valentine’s Day Massacre and to top off the night, one epic pie fight to end the party. DISCOUNTED (via Goldstar) 24. The historic Chinatown Firecracker Run/Walk and Bike Ride is back for the 39th year in a row. On February 11 and 12, participants and attendees will scour the streets and hills of Chinatown and Elysian Park while celebrating the Year of the Rooster. 25. Experience the food, culture and history of Downtown Los Angeles through a three hour foodie tour this Saturday. DISCOUNTED (via Goldstar) 26. Esotouric Celebrates 10th Anniversary by hosting “Two Days in South LA: The 1974 SLA Shootout,” a special bus tour focusing on the Patty Hearst kidnapping. 27. The Original Vintage Fashion Expo at The Reef in DTLA (Feb. 11-12) invites collectors, aficionados and the label-obsessed to check out a wide exhibit of vintage couture and period pieces from the late 18th century to the 20th century for sale. 28. L.A. based burlesque troupe The Dollface Dames take over the Magicopolis stage for a night of tease, balloon popping, belly dance and even clogging. Lets just say they do a lot in their 80 minute show. But the fun doesn’t end there the Magicopolis bartenders double as magicians! DISCOUNTED(via Goldstar) 29. Masters of the American West returns to Griffith Park’s Autry Museum of the American West. This annual show, is open to the public, but if you purchase a special opening-day ticket you’ll gain access to an early-bird preview, listen to presentations from artists and enjoy a BBQ lunch buffet, with prime seating in the plaza, during the 2017 Artists Awards presentation. 30. Wanderlust in Hollywood is home to Mortified’s Doomed Valentine’s Show. Watch a bevy of brave adults read from their most embarrassing amour-inspired diaries, love letters, lyrics and poems from their teen years. 31. The traveling Hello Kitty Cafe Truck is having a pop-up in Glendale Galleria this Saturday, from 10 a.m. to 8 p.m. Expect Hello Kitty inspired treats, branded macaron box sets, cookies, doughnuts, mugs, and shirts… basically everything you’d ever need to fulfill your Hello Kitty cravings. 32. Join Paw2ThePeople for a fundraising community fest at HM157 this Saturday. Paw2ThePeople focuses on homing homeless animals and providing food and jobs to homeless people, they could really use our help so come out and enjoy some vegan food, drinks, and do some shopping, there will be plenty of vendors as well as great music and art. 33. The 9th Annual MojaMoja Brunch & Benefit Concert comes to Bardot at Avalon Hollywood this Saturday for an afternoon celebrating the life and musical legacy of Prince. 34. The Wallis presents 946: The Amazing Story of Adolphus Tips a heartfelt story based around World War II and how the human spirit prevails even in a time of destruction and death. Check for discounted tickets on Goldstar while supplies last. DISCOUNTED (via Goldstar) 35. “A comatose man recreates his identity by delving deeply into his memories, while a panoply of family members and loved ones form scheming camps over grave neurological decisions” in Plasticity, a new one-man show now playing at the Hudson Theatres. Performances take place Saturday, Sunday, and Monday evenings. 36. Top comics will be doing stand-up at L.A.’s legendary Comedy Store on the Sunset Strip. DISCOUNTED (via Goldstar) 37. Bailey44 will host a yoga class with renowned yoga instructor Aerial Lynn at their Santa Monica pop-up store this Saturday. The complimentary class will celebrate the fashion lines resort collection and the first 15 to RSVP will receive a special gift. Bring your own mat and RSVP to RSVP@Bailey44.com. Sunday February 12th, 201738. On Sunday, Angel City Brewery will host an anti-Valentine’s Day bash. Themed the Broken Hearts Circus, Ringmaster Dan will kick off the event with comedic clowns, stilt walkers, acrobats, dancers, and live music, along with a roaming magician performing card tricks. FREE 39. Spend the day taking a bite out of some of best grilled cheeses in Los Angeles at Time Out Los Angeles’ Grilled Cheese Meltdown happening at The Majestic in Downtown L.A. 40. Dance Sundays with Debbie Allen & Friends returns to The Wallis with a special FREE Flamenco Dance session led by Briseyda Zárate. The class welcomes all ages and levels. Just remember to wear shoes with a hard sole FREE 41. The American Youth Symphony’s FREE annual family concert returns to Royce Hall this Sunday. Families can expect an interactive performance, and activities for kids of all ages. FREE 42. Carrie That Tune celebrates great songs written by good writers but unfortunately appeared on Broadway musicals that flopped. Watch a talented group of performers revive the songs at Bar Fedora this Sunday! DISCOUNTED (via Goldstar) 43. Vintage Malibu and Malibu Country Mart will host their fourth annual Scavenger Hunt event this Sunday to celebrate Valentines Day early. Couples will have the chance to win a $4,000 18k white gold diamond necklace, pricey gift cards and other fabulous prizes. 44. Free admission days this Sunday for: Museum of Latin American Art and Craft and Folk Art Museum (pay what you can) Article by We Like LA. Richard Drew / Associated Press
U.S. stock indexes edged lower in early trading Monday as investors weighed the latest batch of company earnings news. Real estate and healthcare stocks were among the biggest decliners. Energy companies also fell as the price of crude oil headed lower. The Dow Jones industrial average fell 1 point to 20,070 as of 10:07 a.m. EST. The Standard & Poor’s 500 index slid 3 points, or 0.2%, to 2,293. The Nasdaq composite index lost 6 points, or 0.1%, to 5,660. On Friday the Nasdaq closed at a record high and the S&P 500 came within a point of its own all-time high. MALL WOES: Newell Brands tumbled 5.8% to $44.15 after the maker of Rubbermaid, Sharpie, Elmer’s Glue and other products reported disappointing sales and issued a full-year sales forecast that fell far short of analysts’ estimates. The company said the strong dollar and fewer people shopping at malls hurt sales of some key products. The stock fell the most in the S&P 500. MIXED RESULTS: Sysco slid 3% to $50.99 after the food company reported better earnings, but its revenue was weaker than expected. EXECUTIVE SHUFFLE: Tiffany & Co. fell 1.9% to $78.99 a day after the jewelry company’s chief executive stepped down amid concerns about the company’s financial performance. Tiffany has begun to search for a successor to Frederic Cumenal, who was named CEO in April 2015. Michael Kowalski, chairman of the board of directors and previous CEO of Tiffany, was tapped to serve as interim CEO. PLAYTIME: Hasbro vaulted 16.1% to $95.90 after the toymaker’s fourth-quarter profit and sales beat Wall Street’s estimates. The company reported better sales of toys marketed to girls, including Disney Princess and “Frozen” products. The stock led all the gainers in the S&P 500. KEEPING SCORE: In Europe, Germany’s DAX and France’s CAC 40 were down 0.9%. Britain’s FTSE 100 fell 0.2%. Japan’s benchmark Nikkei 225 advanced 0.3%, while Hong Kong’s Hang Seng rose 1%. Australia’s S&P/ASX 200 edged down 0.1%. South Korea’s Kospi gained 0.2%. Benchmarks were also higher in Taiwan and Singapore. ENERGY: Benchmark U.S. crude was down 10 cents to $52.73 a barrel in New York. Brent crude, used to price international oils, was down 14 cents to $56.67 a barrel in London. TREASURY YIELDS: Bond prices rose. The 10-year Treasury yield fell to 2.45% from late Friday’s 2.47%. CURRENCIES: The euro fell to $1.0721 from Friday’s $1.0765. The dollar slipped to 112.45 yen from 112.96 yen. Article by Associated Press. Every week in Los Angeles there are tons of great things to do (even before the weekend gets started) that we think you ought to have on your radar. With that in mind, we put together a list every Monday morning to keep you in the know about what’s happening in the city you love (or maybe just like). This week, from Monday, Feb. 6 to Friday, Feb. 10, features Free Yogurtland, a Skybar Night Market, a Great Horror Movie Night at the Old LA Zoo, The DTLA Art Walk, Citizen Science + Suds, and LOTS more. Hope you find the rundown useful and, as always, enjoy your week! Image via Skybar at Mondrian on Facebook
Monday February 6th, 20171. “Show up, dive in, stay at it”: Post-Election Community Gathering, organized by The Hammer Museum is a forum focused on learning, organizing, and how to taking action under the new administration. The panel discussion will be moderated by Jessica Yelin, former chief White House correspondent for CNN. FREE 2. Yogurtland will celebrate International Frozen Yogurt Day with free yogurt and toppings for all! Available at all stores from 4 to 7 p.m. BTW Yogurtland partnered up with Hershey’s for a peanut butter cup flavor and guests will receive a special Hershey’s spoon with their free treat. FREE 3. The Street Art House pop-up gallery heads to The Hangar from Feb. 4 through 10. Attendees will get a chance to view and purchase street artists’ original works from around the globe. Participating artists include WRDSMTH, Skyler Grey, Hagop, and more. FREE 4. Catch L.A.’s longest running weekly burlesque show Monday Night Tease at Three Clubs in Hollywood on Mondays. DISCOUNTED (via Goldstar) 5. “A comatose man recreates his identity by delving deeply into his memories, while a panoply of family members and loved ones form scheming camps over grave neurological decisions” in Plasticity, a new one-man show now playing at the Hudson Theatres. Performances take place Saturday, Sunday, and Monday evenings. 6. The Alchemist’s Lab is an escape room experience putting you right in the shoes of a junior detective at Scotland Yard in the 19th century. Do you have what it takes to uncover the devious plans of the alchemist? Happening all week. DISCOUNTED (via Goldstar) 7. The Business LA is a free comedy show at Little Joy featuring Erin Lennox, Dave Stone, Jamie Loftus, Dan St. Germain with hosts Sean Keane, Megan Koester, Anna Seregina and Bucky Sinister. FREE Tuesday February 7th, 20178. The Standard, Hollywood and The Cinefamily presents All About Almodóvar a month long of free Almodóvar screenings starting with Women on the Verge of a Nervous Breakdown. FREE 9. Hollywood’s Franklin & Company is launching a new weekly Free Movie Night. Every Tuesday the gastropub will play a movie over their TVs and offer a different specialty cocktail, themed to the film for just $6. This week it’s Sunset Boulevard. 10. FIDM Museum’s newest exhibit, The 25th Annual Art of Motion Picture Design, opens to the public on Tuesday. This free show, in Downtown L.A., features creations nominated for the Academy Award for Best Costumes and more. FREE 11. As part of their Tuesday afternoon screening series, the Skirball Cultural Center is featuring Dear White People this Tuesday at 1:30 p.m. FREE 12. Motown the Musical returns to the Hollywood Pantages Theatre with smash hits from the heyday of the Motown era. Happening all week! DISCOUNTED (via Goldstar) 13. There’s a 90’s dance party hosted by Be Kind Rewind at The Virgil with a rad happy hour going till midnight, 90’s cocktails a DJ and more. FREE 14. Food Truck Night at The California Heritage Museum takes place every Tuesday with trucks vary from week to week. Guests are welcome to bring blankets and hang out on the lawn of the museum while they dine. 15. Free admission days this Tuesday for: Kidspace Children’s Museum (from 4 to 8 p.m.), Natural History Museum and Page Museum at La Brea Tarpits Wednesday February 8th, 201716. The Power of Our Presence an exhibition celebrating the 10 year anniversary of the Essence Black Women in Hollywood Awards opens to the public starting this Wednesday. FREE 17. In honor of Valentine’s Day, the Mayan Theater is hosting Lucha VaVOOM’s Twisted Valentine.Guests will enjoy over-the-top performances from wrestlers, performers and an epic match between Mexico City’s Relampago and mega-meanie Magno. 18. Every Wednesday night is Drag Queen Bingo at Hamburger Mary’s in West Hollywood. It’s a comedic event featuring transgender hosts, celebrity guests, and fabulous prizes. 19. Carrie That Tune celebrates great songs written by good writers but unfortunately appeared on Broadway musicals that flopped. Watch a talented group of performers revive the songs at Bar Fedora this Thursday! DISCOUNTED (via Goldstar) 20. Want to stay thrifty while supporting a great local cause? The St. Vincent de Paul Los Angeles thrift store is offering 50% off all men’s/women’s short-sleeve shirts through Valentine’s day. 21. Get your sun salutations on during Grand Park’s lunch time free yoga class stop by at 12:15 p.m. yoga runs till 1 p.m. FREE Thursday February 9th, 201722. Red Bull Sound Select Presents: Hanni El Khatib, Dude York, Pinky Pinky at the Teragram Ballroom. Tickets are just $3 when you rsvp. 23. Skybar Night Market at The Mondrian is a monthly shopping event featuring a rotating list of hand-selected brands ranging from apparel to accessories to gifts/trinkets and sweets. The event is free with an rsvp. FREE 24. NHMLA & Angel City Brewery Presents: Citizen Science + Suds an event held at the Natural History Museum to promote civic involvement through a creation of a communal beer! That’s just part of the focus of the new series, expect lively conversations about urban planning, marine conservation and civic science in the mix as well. Happening once a month through March. FREE 25. The Dirty Little Secrets presents Game of Thrones Burlesque. All of your favorite GOT characters will take the stage at Harvelle’s in Long Beach this Friday for a tantalizing performance. DISCOUNTED(via Goldstar) 26. The Pan African Film & Arts Festival (Feb. 9-20) will showcase over 150 new films, along with special programs aimed towards students and the community. 27. Tease, If You Please Burlesque Show staged at Globe Theatre spotlights acts from some of the most creative dancers in the business. DISCOUNTED (via Goldstar) 28. The Skirball Cultural Center will celebrate the Jewish tradition Tu B’Shevat by offering food tastings and discussing how the tree-honoring holiday fosters sustainable living. 29. The Wallis presents 946: The Amazing Story of Adolphus Tips a heartfelt story based around World War II and how the human spirit prevails even in a time of destruction and death. Check for discounted tickets on Goldstar while supplies last. DISCOUNTED (via Goldstar) 30. The Virus: An Immersive Escape Room Experience happening this Thursday and Friday. DISCOUNTED (via Goldstar) 31. Throwback Thursdays at NoHo cinema screens When Harry Met Sally this week. DISCOUNTED (via Goldstar) 32. The Downtown Art Walk brings art enthusiasts and locals together every second Thursday of each month to take part in gallery tours, shop the art mart and adjacent local businesses, sample nearby food trucks, and experience the overall flavor of the downtown Los Angeles Historic Core. 33. Celebrate Valentine’s Day early at the San Gabriel Mission District with a free Wine, Dine & Dance party between 7 to 9 p.m. in the Mission Playhouse Plaza. The event will include dance lessons, wine tasting, appetizers and music. FREE 34. The Standard Hollywood will host an opening reception for FLORA, a photo exhibit featuring vibrant photos of exotic plant life and an art installation with live models in a glass box lit up with real and artificial plant life. Art work is available for purchase and 25% of all the proceeds will go to the ACLU. There will be complimentary beer and wine. FREE 35. Free admission days this Thursday for: American National Museum (from 5 to 8 p.m.), MOCA Grand & MOCA Geffen (from 5 to 8 p.m.), Skirball Cultural Center and Long Beach Museum of Art (3 to 8 p.m.) Friday February 10th, 201736. The Great Horror Movie Nights at the Old Zoo in Griffith Park kickoff for 2017 this Friday with a screening of Carrie (1976). The event will feature plenty of pre-show entertainment including games, prizes, and roaming scare-actors. Discount tickets are available via Goldstar while supplies last. DISCOUNTED (via Goldstar) 37. Arts Brookfield at FIGat7th is hosting a psychedelic pre Valentine’s Day quiet clubbing party with three DJs, and graphics from the Signs of Life art exhibit. FREE 38. Thrones!, a hilarious musical parody of Game of Thrones is playing at The Hudson Theatre in Hollywood all weekend. DISCOUNTED (via Goldstar) 39. The Inspiration LA Vintage Show returns to The Reef in DTLA (Feb. 10-11) for two days of vintage-oriented exhibits with one-of-a-kind merchandise from the 1900s to 1980s sold by vintage sellers from all over the country and from Japan! 40. Lady & The Tramp is back on the big screen at the El Capitan Theatre (Feb. 10-19) Moviegoers can enjoy this classic love story of two pups falling in love while sharing a delicious plate of spaghetti and meatballs for a limited time only! Check for discounted tickets on Goldstar while supplies last. DISCOUNTED (via Goldstar) 41. One Love Cali Reggae Fest docks at the Queen Mary in Long Beach (Feb. 10-12) for three days of dancing to your favorite reggae music on a Los Angeles’ historic cruise ship. 42. Every Friday in February Greenbar Distillery in Downtown Los Angeles will host cocktail classes featuring seasonal and themed drinks. This weeks theme is Prohibition Era Cocktails. 43. Santa Monica’s Aero Theatre presents a screening of The Man Who Fell To Earth. DISCOUNTED(via Goldstar) 44. Every Friday in February, the Norton Science Museum in Pasadena will host “Unexpected Romance” a film series centered around romance. This week the 1941 film Ball of Fire will be screened. 45. Free admission days this Friday for: Long Beach Museum of Art (3 – 8 p.m.) FREE Article by We Like LA. U.S. Employers add 227,000 jobs in January – The Labor Department reported that 227,000 new jobs were added in January. It was the most workers added in four months. Experts had expected a gain of 180,000, so this was welcome news to investors and stocks rose making up losses earlier in the week. The unemployment rate was almost unchanged at 4.8%, as more workers entered the workplace. The labor participation rate, which shows the share of working-age people in the workplace, increased to a 4 month high of 62.9% from 62.7%. Historically, the participation rate has hovered for several years near a 30 year low, showing that many people have given up looking for a job. The labor force is growing and people are re entering the workforce. That doesn’t mean that 227,000 new jobs is not a strong number, it is, but it does explain why the unemployment rate is so low and we keep adding jobs. It also may explain why wage growth has been so stubborn. Usually, when the unemployment rate drops to full employment levels, we see strong wage growth. Not in this recovery. Wages in January grew just 2.7% from last January, according to the report.
Stock markets gain nearly 1% on Friday to end the week unchanged – Stocks had a rocky week. They opened down as last Friday’s low fourth quarter GDP number sunk in, some investors were spooked by the travel executive order, and some corporate profits came in lower than expected. Friday’s release of January’s strong job growth and another executive order rolling back some financial regulation in The Dodd Frank Bill sparked a rally and markets increased almost a full percentage point, which made up for all their losses throughout the week. The DOW Jones Industrial Average closed the week at 20,071.46, down just slightly from last week’s close of 20,093.78. The S&P 500 ended the week at 2,297.42, up slightly from its close of 2,294.69 last week. The NASDAQ closed the week at 5,666.77, almost unchanged from last week’s close of 5,660.78. U.S. Treasury Bond yields – The 10-year U.S. Treasury Bond closed the week yielding 2.49%, unchanged from 2.49% last Friday. The 30-year Treasury Bond yield closed the week at 3.11%, up from 3.06% last week. Mortgage rates follow bond yields, so we watch treasury bonds closely. Mortgage rates – The Freddie Mac Primary Mortgage Survey released on February 2, 2017 revealed that average mortgage rates from lenders surveyed for the most popular mortgage products were as follows: The 30-year fixed rate average was 4.19%. The 15-year fixed average rate was 3.41% The 5/1 ARM average rate was 3.23%. Pending home sales show increase – The California Association of Realtors reported that contracts signed to purchase existing (re-sale) homes in California in December rose 1.9% statewide from the number of contracts signed last December. Southern California saw the largest increase, rising 7.8% from last December. Pending sales are an indication of what future closed sales will total. If pending sales pull through to closing we see strong numbers 30 to 60 days later. Author Syd Leibovitch Mark Lennihan / Associated Press
Stocks closed little changed on Wall Street on Thursday as investors looked over a big batch of earnings reports from U.S. companies. Ryder System, a truck leasing company, dropped 8% after reporting earnings that fell far short of what Wall Street analysts expected. Ralph Lauren plunged 12% after announcing that Stefan Larsson, who took over as CEO from the eponymous Ralph Lauren less than two years ago, is leaving the company. The Standard & Poor’s 500 index edged up 1 point, less than 0.1%, to 2,280. The Dow Jones industrial average fell 6 points, less than 0.1%, to 19,884. The Nasdaq composite fell 6 points, or 0.1%, to 5,636. Bond prices fell. The yield on the 10-year Treasury note rose to 2.48%. Article by Associated Press. Need stuff to do this month in Los Angeles? We looked ahead on our calendar to focus in on some of the best events happening in February around Los Angeles that you should probably have on your radar. After all, better to get your tickets now than wait till the last minute and find out your favorite event is sold out. February 2017 event highlights include the First Fridays at NHM, an Anti-Valentine’s Day Party at the Museum of Broken Relationships, Cupid’s Undie Run, the LA Cookie Con, and lots more. Enjoy! Inside the LA Convention Center for the 2016 LA Cookie Con
1. First Fridays at Natural History Museum (Feb. 3)First Fridays at the Natural History Museum are all about food this year, and more specifically, about the science behind food. The kickoff edition on Feb. 3 called “Your Plate is Your Gut” will feature a trio of expert panelists discussing the effects of the human diet on our body and digestion, from menus enjoyed by our paleolithic ancestors to the fast-food heavy treats prevalent in today’s culture. And of course as with all First Friday events you can count sets from resident KCRW DJs along with special museum tours throughout the evening(s). More information 2. Dumpling & Wonton Festival at Santa Anita Park (Feb. 4)Ready, set, go! The Dumpling and Wonton Festival comes to Santa Anita Park on February 4th for the most scrumptious display of Asian and Asian-inspired dumplings and wontons by the trackside this winter. More information | Discount tickets (via Goldstar) 3. A WordTheatre Tribute to Langston Hughes: Stories, Poems, Jazz & the Blues (Feb. 4)Watch the words the Harlem Renaissance come to life through song, poetry, music, and more as a A WordTheatre Tribute to Langston Hughes comes to Forest Lawn Memorial Park in the Hollywood Hills. More information 4. Pan African Film & Arts Festival (Feb. 9-20)This 12-day festival will showcase over 150 new films, along with special programs aimed towards students and the community. More information 5. The Original Vintage Fashion Expo at The Reef in DTLA (Feb. 11-12)Collectors, aficionados and the label-obsessed rejoice! Exhibitors will showcase their vintage couture and period pieces from the late 18th century to the 20th century. More information 6. Camellia & Tea Festival at Descanso Gardens (Feb. 11-12)Featuring tea samples, art activities, guided walks & interactive performances, Descanso Garden’s Camellia and Tea Festival is popular amongst locals & out-of-towners alike. More information 7. Cupid’s Undie Run at The Victorian in Santa Monica (Feb. 11)Take your pants off and run around for charity. Literally. Cupid’s Undie Run comes to Santa Monica on February 11th for a “brief” sprint for a great cause. Proceeds for this fun run benefits the Children’s Tumor Foundation. More information 8. 8th Annual Edwardian Ball at the Globe Theatre in DTLA (Feb. 11)The 8th Annual Edwardian Ball comes to the Globe Theatre in the Broadway Downtown Theatre District on Saturday February 11th at 8 p.m. for a soirée of art, music, theatre, fashion, technology, circus that honors the creations of author and illustrator Edward Gorey. More information | Discount tickets (via Goldstar) 9. 39th Annual L.A. Chinatown Firecracker 5/10K Run/Walk & Bike Ride (Feb. 11)Whether you’re a walker, runner or biker, participants will traverse the hills of Los Angeles while celebrating the Year of the Rooster during this epic event. More information 10. Anti-Valentine’s Day Party at the Museum of Broken Relationships (Feb. 14)The MOBR’s Anti-V-Day-Bash will offer guests evening access to all of MOBR’s exhibits plus a fantastic assortment of entertainment that’s sure to make you forget about this whole true love thing. The festivities will include a cash bar, DJ’d tunes, a free raffle, and a ‘wall o’ break-ups’ where visitors can offer testimonials of lost love. More information 11. Cinespia Valentine’s Day Screening of The Notebook at the Los Angeles Theatre (Feb. 14)We’ve got the perfect recipe for Valentine’s Day, but you may need to bring a few tissues. Cinespia is screening The Notebook at the Los Angeles Theatre in Downtown L.A. on February 14th to ring in Valentine’s Day with your favorite tear-jerker. More information 12. Chocolate and Art Show Los Angeles (Feb. 17-18)The Chocolate and Art Show comes to The Vortex in Downtown Los Angeles February 17-18 for two nights of fine art, tasteful music, and delicious chocolate. More information | Discount tickets (via Goldstar) 13. LA Cookie Con & Sweets Show (Feb. 18-19)After selling out for two years in a row, Cookie Con is returning as the West Coast’s largest baking and pastry expo. Guests will enjoy samples from over 275 local shops and brands, a kids’ zone, and the Decorators’ Showcase competition. Five stages and classrooms for workshops will focus on traditional baking, cake decorating, cookie decorating, and panels with celebrity guests. More information 14. Air + Style at Exposition Park (Feb. 18-19)Air + Style returns to Exposition Park in LA February 18 and 19 for two days of music and big air snowboarding competitions. More information 15. Los Angeles Travel & Adventure Show at the LA Convention Center (Feb. 18-19)If you’re planning a big trip for 2017 or simply need some inspiration, check out the Travel & Adventure Show for a taste of cultures around the world! More information | Discount tickets (via Goldstar) 16. ScotsFestival at the Queen Mary (Feb. 18-19)This two-day Scots Festival celebrates the cultural history of this epic ship with authentic athletics, competitions, dancing, cuisine and more! More information | Discount tickets (via Goldstar) 17. Long Beach Comic Expo at Long Beach Convention Center (Feb. 18-19)The Long Beach Comic Expo celebrates comic books and pop culture with notable guest appearances, meet and greets, various panels, and even a cosplay competition! More information | Discount tickets 18. 2nd Annual Santa Anita Chili Cook-Off (Feb. 18)Chili tastings, craft beer, wine and world-class live racing! Come taste samples from some of the best chili recipes in SoCal while enjoy the races. More information | Discount tickets (via Goldstar) 19. The 5th Annual LA Art Book Fair at The Geffen Contemporary at MOCA (Feb. 23-26)Come browse books, art catalogs, zines and more by local and national artists for over three and a half days. Admission is free and open to the public! More information 20. Bob Baker Days Returns to the Marionette Theater (Feb. 25-26)The historic puppet theater will honor their late founder with a two-day festival filled with puppet shows, art, crafts, music, comedy, films and more. More information 21. The San Pedro Craft Beer Festival (Feb. 25)Snag your tickets for the Craft Beer Festival in San Pedro, featuring local and regional breweries, unlimited tastings, food trucks and giant Jenga. More information Article by We Like LA. Mark Lennihan / Associated Press
Investors didn’t react much to a strong hiring survey or the Federal Reserve‘s decision to leave interest rates alone Wednesday, and U.S. stocks finished little changed. Apple shares soared after the company said iPhone sales improved in its latest quarter. Stocks jumped in morning trading after payroll provider ADP said hiring by private employers grew stronger in January. Bond prices climbed. But the market’s gains later thinned, partly because investors sold shares of companies that pay big dividends as bond yields rose. Stocks briefly turned higher after the Fed’s announcement, but that also faded. The only constant was the big gain for Apple. The Federal Reserve left its key interest rate unchanged, just as investors expected. The central bank noted that the job market is getting stronger and inflation is gradually rising, but said it wants more time to monitor the economy. That’s what investors expected. Kate Warne, an investment strategist for Edward Jones, noted that the central bank just raised rates in December and the Trump administration’s spending and fiscal plans still haven’t been spelled out. “They’ll wait until they actually know what’s going to happen,” she said of future interest rate moves by the Fed. The Dow Jones industrial average rose 26.85 points, or 0.1%, to 19,890.94. The Standard & Poor’s 500 inched up 0.68 of a point to 2,279.55. The Nasdaq composite, which has a high concentration of technology companies, climbed 27.86 points, or 0.5%, to 5,642.65. The Russell 2000 index of smaller-company stocks slipped 0.60 of a point to 1,361.23. Most stocks listed on the New York Stock Exchange fell. Apple jumped 6.1% to $128.79, its biggest one-day gain in six months, after it reported first-quarter profit and sales that were better than analysts expected. The company said consumers snapped up its new iPhone 7 and 7 Plus, ending the first-ever slump in iPhone sales. Apple was single-handedly responsible for the Dow gain. Investors haven’t focused on company earnings recently because of the flood of political news and other factors, but Warne said results like Apple’s will help the market. “The fact that we’re seeing solid earnings and they’re coming in better than expected will help sustain stocks over time,” she said. Chipmaker Advanced Micro Devices reported a profit when analysts expected a loss, and its sales were greater than expected. Its stock leaped 16.3% to $12.06.The ADP jobs survey was better than expected, and the construction, manufacturing, healthcare and shipping industries all added jobs at a solid pace. The U.S. government will release its own monthly jobs report Friday. Investors reacted to the hiring report by selling bonds, which are relatively safe investments that are in greater demand when the economy seems weaker. The yield on the 10-year Treasury note rose to 2.48% from 2.44%. Stocks that pay large dividends slid as bond yields rose. Dominion Resources, which released a weak quarterly report, dropped 5.8% to $71.85. U.S. crude climbed $1.07, or 2%, to close at $53.88 a barrel in New York. U.S. oil has stayed between roughly $52 and $55 a barrel for the last two months. Brent crude, the benchmark for international oil prices, rose $1.22, or 2.2%, to $56.80 a barrel in London. The S&P 500’s energy company index fell for the fifth day in a row. It’s down almost 3.5% over that time and has sunk 7% since Dec. 13. Arconic surged 11.2% to $25.28 after the lightweight aluminum products maker’s largest shareholder said the company needs new leadership. Elliott Management nominated five potential directors to Arconic’s board. The company said it stands by Chief Executive Klaus Kleinfeld and that Elliott’s moves are not in the best interest of all shareholders. Since Arconic split from Alcoa on Nov. 1, Arconic stock has been almost flat and Alcoa has jumped almost 70%. The dollar rose to 113.09 yen from 112.76 yen. The euro fell to $1.0744 from $1.0803. Wholesale gasoline rose 3 cents, or 1.9%, to $1.58 a gallon. Heating oil added 4 cents, or 2.6%, to $1.67 a gallon. Natural gas rose 5 cents, or 1.6%, to $3.17 per 1,000 cubic feet. Gold slipped $3.10 to $1,208.30 an ounce. Silver lost 9 cents to $17.45 an ounce. Copper fell 2 cents to $2.71 a pound. Stocks in Europe got a boost from the U.S. hiring survey and a report that said manufacturing in China grew in January at its fastest pace in two years. Heavy government spending and more lending by banks helped keep the economy steady. Germany’s DAX climbed 1.1% while the CAC 40 of France rose 1%. The FTSE 100 index in Britain ticked up 0.1%. Japan’s Nikkei 225 rose 0.6% after Tuesday’s skid. The Kospi in South Korea climbed 0.6%. Hong Kong’s Hang Seng fell 0.2%. Story by Associated Press. |
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