Stocks are continuing to hit record highs with Burger King shares rallying as the company relocates for tax reasons.
Most of the stocks rally for the past two years has been on cheap debt, buybacks and tax avoidance but here’s a sign that some companies are actually putting money to work and hiring people.
Clothing retailer GAP announced today it was investing $96 million in an Upstate New York distribution center that will add up to 1,200 jobs over the next five years. It’s notable for how rare an announcement like this is but it could be the start of something good.