iStock/Thinkstock(NEW YORK) -- After switching between gains and losses during the day, the major indexes closed slightly lower on Tuesday as oil prices and global stocks tumbled.
The Dow Jones Industrial Average dropped 12.06 to close at 16,014.99.
The Nasdaq fell 14.99 to end the session at 4,268.76. The tech-heavy index could be headed to a "bear market" if it drops 20 percent from its last record high (currently it's down nearly 18 percent from its high in July).
The S&P 500 closed at 1,852.21, down 1.23 from its open.
Crude oil was hit hard, sinking over 4 percent as prices fell to $28 per barrel.
Global stocks didn't end much better. Japan's Nikkei 225 dropped over 5 percent, so far the worst repercussion almost two weeks after the Bank of Japan decided in January to introduce a negative interest rate that would charge commercial banks for some deposits. European markets dropped about 1 percent at the close. Markets in China were closed for the New Year holiday.
LinkedIn shares flopped over 8 percent as the business social-networking site continued to feel investors' concerns with its weak outlook reported last week. In its fourth-quarter report, LinkedIn said that revenue in quarter one would hit the $820 million mark, lower than the Wall Street-anticipated $867 million.
Federal Reserve Chair Janet Yellen will give a two-day testimony to Congress starting Wednesday for her first public appearance since interest rates were raised at the end of last year. Investors will be listening closely if she mentions any concern about another possible recession.
Goodwill Manasota(SARASOTA, Fla.) -- A Florida branch of Goodwill is offering the broken-hearted a chance to start fresh and do a good deed for Valentine’s Day.
Goodwill stores in the Sarasota, Florida, area are hosting what they categorize as an anti-Valentine’s Day campaign called “Donate Your Ex’s Stuff.”
The idea is single folks can get rid of the physical baggage of a past relationship by donating their ex's belongings to Goodwill instead of throwing them away.
“We’re telling people they can turn the hate into donate and they’ll feel great in the process,” Kelly Davis Strausbaugh, marketing and public relations coordinator for Goodwill Manasota, told ABC News.
The campaign’s announcement Monday night at a local radio station featured pizza and Taylor Swift songs, according to Davis Strausbaugh.
The actual campaign launches the day after Valentine’s Day, Monday, Feb. 15, giving the broken-hearted time to gather their ex’s belongings or respond to a brutal Valentine’s Day break-up.
“Instead of throwing items away, they can donate to Goodwill and help turn them into jobs,” said Davis Strausbaugh. “We don’t like break-ups but this is a way to make it a little more fun and tongue-in-cheek.”
The Goodwill "Donate Your Ex's Stuff" campaign was started in 2010 by the Goodwill Keystone Area, in Harrisburg, Penn., a Goodwill Industries International spokeswoman told ABC News.
In addition to the Sarasota-area chapter, the Goodwill of Southern Nevada, in Las Vegas, is also hosting the campaign this year, the spokeswoman said.
iStock Editorial/Thinkstock(NEW YORK) -- One Maryland man found out what it’s like to stand between a Chipotle customer and a free burrito.
After mandatory employee meetings temporarily closed more than 2,000 Chipotle restaurants for a few hours on Monday, Chipotle ran a promotion to make it up to their customers. The fast food Mexican chain offered a free burrito to customers who texted “RAINCHECK” to 888-222.
In Maryland, customers who mistakenly added an extra “2” to that number had their messages redirected to Hank Levine.
Levine told ABC News that the first text came in at around 9 a.m. and never stopped. By the end of Monday, he’d received over 200 texts.
When Levine replied to the first text with a question mark, he said the customer responded, “I want my burrito,” clearly unaware of the mix-up.
Levine had to explain that the customer had the wrong number. The customer alerted Levine to the promotion.
“The first thing I did was do it, so now I have a coupon for a free burrito. The second thing I said was, ‘This is going to be a problem,’” said Levine.
Levine reached out to Chipotle through the company's website and heard back from a customer service representative who told him that she was looking into similar situations elsewhere. The representative offered Levine some coupons for free entrees.
Despite the deluge of texts, Levine has been a good sport about the whole mix-up. He said that as word of his situation spread on social media, he only encountered nasty responses late at night “when college kids went out to get a drink.”
Even though the promotion ended Monday, Levine said he’s still getting texts, though only half of them seem to be from people looking for a free burrito.
Red Lobster(NEW YORK) -- Beyoncé’s latest song “Formation” is racking up both views on YouTube and sales at Red Lobster.
The music video posted Saturday features lyrics about enjoying seafood at Red Lobster restaurants. As a result, weekend sales skyrocketed for the restaurant chain.
“We are absolutely delighted with what we saw over the weekend, particularly the consumer sentiment that we saw expressed,” Kim Lopdrup, CEO of Red Lobster, told CNBC. “It’s clear that Beyoncé has helped create some Red Lobster fans, and we are very grateful to her for that.”
The company calls this sudden spike in sales the “Beyoncé Bounce,” and some employees have already started renaming some menu items after the pop star.
Red Lobster also saw a boost in social media, trending on Twitter for the first time in the brand’s history.
iStock/Thinkstock(CHICAGO) -- Sears is speeding up its closing of 50 stores after poor sales during the holiday season.
Sears Holding Corp. said in its fourth quarter financial update released Tuesday: “We will accelerate the closing of unprofitable stores, including, but not limited to, roughly 50 stores that we recently announced would be closing in the next few months.”
According to the financial report, sales were down around 7 percent in the fourth quarter of 2015 at both Sears and K-Mart. Sears domestic sales were down 11 percent for 2015.
The holiday sales mostly dropped off in the apparel department.
"The holiday selling season proved to be challenging, with historically warm weather and intense competition pressuring margins and driving comparable store sales declines," Sears Holding Corp. stated in the report.
Like other retailers, the company plans to put more focus on its digital market, using less physical space, and acquiring a membership model.
iStock/Thinkstock(NEW YORK) -- Marriage equality means tax payment equality.
New York tax accountant Janice Hayman says there's no disparity between traditional marriages and same-sex marriages in the eyes of the Internal Revenue Service.
"We really don't have any major differences anymore," she notes.
The question is whether couples choose to file jointly or as individuals.
"The combined income will subject them to a whole slew of tax issues that married couples have been dealing with over the years. They will have to look to see if it does make sense to file jointly or separately," Hayman explains.
She says newlyweds may want to carefully research their options.
"Their witholding during the year may have been fine for their income, but the combined income has them in a higher bracket and they fall short, ending up owing in many instances," she says.
On the plus side, same-sex parents are entitled to the same dependent care and child tax credits as everyone else.
iStock Editorial/Thinkstock(NEW YORK) – Instagram has officially created a quick and easy way to switch between multiple accounts.
Starting this week, users can go to their profile settings to add another account. Once the additional account is added, users can tap their usernames at the top of their profiles to switch between accounts.
Once multiple accounts are created, their respective profile photos will appear in places throughout the app so users can always tell which account they’re using at the moment.
This account switching feature will be available for the Instagram version 7.15 for iOS and Android.
iStock/Thinkstock(NEW YORK) -- Stocks sink amid falling oil prices and fears of an economic slowdown around the world.
The Dow Jones Industrial Average dropped 177.92 (over 1 percent) to close at 16,027.05, despite sinking 400 points during the day.
The NASDAQ fell 79.39 (nearly 2 percent) to end the session at 4,283.75, while the S&P 500 closed at 1,853.44 down 26.61 (over 1 percent) from its open.
Crude oil sunk nearly 3 percent as prices fell just below $30 per barrel, causing energy stocks to take a hit. Chesapeake Energy Corporation tumbled over 33 percent at the close and shares in Williams Companies Inc fell nearly 35 percent. Billionaire investor Carl Icahn, Chesapeake's largest shareholder, lost nearly $80 million on Monday according to MarketWatch.
Despite the stock slump, gold prices boasted huge gains as investors continue to worry about economic growth. Gold futures hit nearly $1,200 an ounce for its biggest one-day gain since December 2014.
Chipotle Mexican Grill fell over 3 percent at the close as the food chain tries to earn back customers' trust after its two E. coli outbreaks. On Monday, Chipotle held a company-wide staff meeting and closed all of its locations to discuss a new food safety program with its employees. Earlier this month, the Centers for Disease Control and Prevention declared Chipotle's E. coli crisis officially over despite not discovering the source of the outbreaks.
Chris Hondros/Getty Images(NEW YORK) -- Starbucks customers will fall in love with some new drinks this Valentine's Day.
On Monday, the coffee company introduced a trio of new Molten Chocolate drinks for February 14 that could warm any cold heart.
There's the Molen Chocolate Latte, what Starbucks describes as "chocolaty chips...melted into espresso, then topped with steamed milk combined with bittersweet mocha sauce. This latte is finished with mocha and espresso-infused whipped cream and an espresso mocha drizzle. It's available hot and iced."
If you're not a fan of coffee, you can try the Molten Hot Chocolate with "bittersweet mocha sauce and chocolaty chips melted into steamed milk for a smooth and creamy taste. Mocha and espresso-infused whipped cream and espresso mocha drizzle tops off the beverage."
And for the cold-hearted, there's the Molten Chocolate Frappuccino that's "coffee with rich mocha sauce and chocolaty chips blended with milk and ice. This beverage is finished with mocha and espresso-infused whipped cream and an espresso mocha drizzle."
Get them while they're still hot (or cold), the Molten Chocolate beverages are only available from now until February 14.
Justin Sullivan/Getty Images(MENLO PARK, Calif.) -- The Zuckerberg family released a video to wish everyone a Happy Chinese New Year...in Mandarin.
"Last night at Facebook, we hosted our annual Lunar New Year celebrations," Zuckerberg said in Mandarin in the video posted to Facebook Sunday. "This year, we have the honor of hosting famous chefs from China representing many different cuisines for everyone at Facebook to experience. My favorite was duck!"
The 31-year-old Facebook CEO and his wife Priscilla Chan also announced that their newborn daughter Max now has a Chinese name, Chen Mingyu.
In a message accompanying the video post, Zuckerberg wrote, "Happy Lunar New Year from Priscilla, Max and me! In the Year of the Monkey, I hope you and all your loved ones find happiness, health and good fortune."
Zuckerberg has been trying to warm relations with China since the social media site was blocked in the country. According to the Los Angeles Times, he's been studying Chinese since 2010 and a few months ago delivered a 20-minute speech in Mandarin at Tsinghua University in Beijing.
iStock Editorial/Thinkstock(NEW YORK) — Chipotle restaurants across the nation are temporarily closing Monday in an effort to educate 60,000 employees about the food-borne illnesses that have rocked the company in recent months. Food safety protocols will also be explained in the meeting.
The company will be live-tweeting the meeting and streaming it on Periscope. More than 2,000 of the company's restaurants will be closed until 3 p.m. local time.
Well be live-tweeting our national employee meeting today to discuss recent and future food safety. And well be on #Periscope at 12pm EST.
According to a company press release, the Mexican chain restaurant will be sharing "information as to what may have caused some customers to become ill in 2015."
E. coli outbreaks at several Chipotle locations caused dozens of customers to become sick and have prompted a federal investigation and several lawsuits.
During Monday's meeting, Chipotle executives are expected to discuss the enhanced food safety protocols that were put in place after the outbreaks. The protocols involve high-resolution testing of the ingredients, changing workflow to have certain ingredients (like tomatoes) handled at central kitchens and changing the schedule of meat marinating.
iStock/Thinkstock(NEW YORK) — It's safe to say Super Bowl Sunday was one of the busier nights for mobile payments app Venmo but we'll let you draw your own conclusions as to why.
After the Denver Broncos bested the Carolina Panthers to take home the Lombardi trophy, Venmo users reported difficulty sending money through the app. Venmo's team acknowledged the issues on Twitter, writing "Our payments are experiencing some slowness but we're working hard on a fix. Hang tight!#sb50"
Our payments are experiencing some slowness but we're working hard on a fix. Hang tight! #sb50
The app was back to normal about two hours after the big game, according to status updates on Venmo's website. While the timing could of course be a big coincidence, some Twitter users had their theories as to why Venmo may have been overloaded.
ABC News(NEW YORK) -- The Doritos “Crash the Super Bowl” contest is in its 10th and final year and this year’s winner is Jacob Chase, a Los Angeles resident who walked away with $1 million for his Doritos commercial called “Doritos Dogs.”
“It was absolutely mind blowing,” Chase, who flew overnight to appear on ABC News' Good Morning America, explained of his surprise win. “Just seeing it air on TV was incredible alone, and then to get presented with this giant check was just absolutely amazing. I haven’t slept but I’m so grateful to be part of this experience.”
Chase’s 30-second ad features dogs trying to figure out how to get their favorite snack from a supermarket. The three dogs repeatedly try to get into the supermarket, only to be blocked by an employee. They then get the idea to stand one on top of the other and cover themselves with a coat and hat, and can be seen purchasing Doritos from a bewildered cashier.
He talked about his inspiration for the commercial, saying he and his girlfriend are dog lovers. Their dog, Misery, is one of the stars in the spot.
“My dog, Mis, she’s the little white dog in the commercial, she was a big inspiration,” he said. “We rescued her about three years ago and she’s been incredible to us and seeing her in a Super Bowl commercial in front of 100 million people is a dream come true.”
Chase, 29, was one of three finalists. He and the other two finalists were invited to the game, and he only found out he won when he saw his commercial air during the broadcast.
The winning ad was selected by fan votes at www.Doritos.com, the company said in a press release.
Not only does Chase win the money, he gets a chance to collaborate with director Zack Snyder while working with Warner Brothers Pictures and DC Entertainment, Doritos said in a press release.
He plans to use his prize money to pay off student loans and underwrite his dream of filming his own Hollywood movie.
“I’ll probably be responsible at first and pay off my student loans which would be awesome, but then I’d love to continue to try to make my dreams come true and put that toward making a movie or something,” he said. “I’ve got a couple ideas with my producing partner on this, Travis Brown. We’ve been writing a script together and are trying to make it happen.”
Chase is a writer for television and movies. The budget for his winning ad was $1,000, according to Doritos.
Chase’s ad was filmed at a neighborhood grocery store in the Los Angeles area. It was shot in one day.
“It was about a 12-hour shoot day, but it went really smoothly and I’m so proud of it,” he said. “$1,000 to $1 million dollars, what are the odds?
The other finalists were Peter Carstairs of Australia, whose ad was titled “Ultrasound.” That spot sent the brand trending when it aired. David Rudy’s commercial was titled “Swipe for Doritos.”
Carstairs and Rudy each won $100,000 in cash, plus a guaranteed creative project with Doritos, the company also said.
iStock/Thinkstock(NEW YORK) -- Tax season is here. And while you may have all of your documents ready, do you know who's doing your taxes?
If you have a tax preparer you trust and who's been able to save you money in the past, chances are you'll probably go back to that person. But what if you're looking someone new?
"You can find a list from the National Association of Enrolled Agents," says New York tax accountant Janice Hayman.
Once you're on the NAEA's website, you can use its search tools to narrow down your hunt for a tax preparer.
"It will list what they specialize in whether it's individuals, representations, small business, things of that nature," Hayman says.
You could also skip a preparer and opt to either file your own taxes, or do it yourself using one of the many tax software programs that are available. But Hayman recommends the personal approach.
"They will follow up with you if there are any notices that come up, any questions at all from any of the government agencies whether it's federal, state or local, you can contact that tax professional and they will work through the problem with you," she says.
TIMOTHY A. CLARY/AFP/Getty Images(SANTA CLARA, Calif.) — Peyton Manning must really love Budweiser.
Manning said twice during his post Super Bowl 50 interviews that he plannd to drink a lot of Budweiser Sunday night, but Budweiser's head of communications tweeted that the quarterback wasn't paid to mention the beer.
Mannings' comments came on the field and on the podium, both moments after his Super Bowl victory.
"I'm gonna drink a lot of Budweiser tonight, Tracy. I promise you that," Manning said first.
"I'm gonna drink a lot of beer tonight, Jim...Budweiser," he said later on the podium.
The Denver Broncos beat the Carolina Panthers 24-10 to win Super Bowl 50.
It’s the Broncos third Super Bowl Championship, and Manning, 39, is the oldest player to lead his team to a Super Bowl win.