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Activision, United rally on S&P 500 inclusion
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GameStop tops expectations; shares rise
Bank of New York Mellon tech woes hit prices
Wall Street’s missing a closed-end bargain

The happiest — and most miserable — countries on earth
This is the happiest country on earth


What should China do to fix its economy?
What should China do to fix its economy?
Analysts dismiss fears of a China hard landing
‘Loch Ness monster’ and a mysterious rally
China fears trigger emerging market outflows

Apple closes in on Fitbit as world's biggest wearables company
Apple closes in on Fitbit in wearables

Apple to host Sept. 9 product event

How momentum investing could go out of style
Momentum investing could be going out of style

These are the best jobs for millennials
These are the best jobs for millennials


Wal-Mart explains decision to stop selling some guns

One billion people logged onto Facebook Monday in new company milestone
1 billion people used Facebook in one day


Poll shows Biden running stronger than Clinton
Republican wants more than the sequester

Donald Trump says he’s OK with raising taxes on himself
Trump: I’m OK with raising taxes on myself

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10 fall beers with absolutely no pumpkin in them
10 fall beers with absolutely no pumpkin in them

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Star-studded content up Netflix’s sleeve
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Jim Rogers: Don’t rule out a commodity bull run
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How the media just can’t spot economic crisis

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4 things you didn’t know could be hacked
How vulnerable are U.S. markets to hackers?


How to throw a  birthday party for under $100
Only half of Americans with kids have wills

Millennials are clueless about cellphone etiquette
Millennials realize growing up is hard to do

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1105
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Price Chg %Chg 1 Day
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/quotes/zigman/627449/realtime 16,655 +369 2.27%
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/quotes/zigman/12633936/realtime 4,813 +115 2.45%
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/quotes/zigman/3870025/realtime 1,988 +47 2.43%
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/quotes/zigman/629063/realtime 2,372 +11 0.47%
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/quotes/zigman/662444/delayed 1,127 +4 0.36%
Oil
/quotes/zigman/2331095/delayed 42.55 -0.01 0.02%
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/quotes/zigman/3173262/delayed 6,192 +213 3.56%
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/quotes/zigman/2380246/delayed 10,316 +318 3.18%
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/quotes/zigman/3173214/delayed 4,658 +157 3.49%
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/quotes/zigman/2380150/delayed 362 +12 3.46%
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/quotes/zigman/6959860/realtime 2,801 +48 1.75%
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/quotes/zigman/5986735/delayed 19,042 +468 2.52%
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/quotes/zigman/2622475/delayed 21,839 +758 3.60%
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/quotes/zigman/1859015/delayed 3,084 +156 5.34%
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/quotes/zigman/1652085/delayed 26,231 +517 2.01%
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/quotes/zigman/1709939/delayed 2,985 +40 1.36%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.01%
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/quotes/zigman/16008150/realtime/sampled 121.19 +0.16 0.13%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 +0.00 0.12%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 +0.00 0.47%
DXY Index
/quotes/zigman/1652083/delayed 95.79 +0.02 0.02%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.25 -0.02 0.02%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 +0.00 0.05%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.04 5.49%
Italy 10yr
/quotes/zigman/15866497/realtime 1.93 -0.05 2.73%
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/quotes/zigman/15866444/realtime 2.06 -0.03 1.54%
U.K. 10yr
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Japan 10yr
/quotes/zigman/15866525/realtime 0.39 0.00 0.77%
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/quotes/zigman/2331095/delayed 43 0 0.02%
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/quotes/zigman/662444/delayed 1,127 +4 0.36%
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/quotes/zigman/7599553/delayed 378 +3 0.73%
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Symbol Price Change % Change
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BAC /quotes/zigman/190927/composite 16.44 0.38 2.37%
C /quotes/zigman/5065548/composite 53.44 1.16 2.22%
F /quotes/zigman/264304/composite 13.56 0.35 2.65%
T /quotes/zigman/398198/composite 33.44 0.75 2.29%
BP /quotes/zigman/247026/composite 33.03 1.93 6.21%
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5 yr CD
1.5%
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0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Bon Jovi’s Priceless Restaurant Could Go Platinum

istockphoto

Jon Bon Jovi’s new pay-what-you-can community restaurant, Soul Kitchen, could also end up taking in more cash than you might expect. In fact, when consumers are allowed to choose their own price, they often end up paying more, experts say.

Pay-what-you-can models work a lot better than classic economic theory suggests they should, says Ayelet Gneezy, an assistant professor of marketing at the UC San Diego Rady School of Management, who has studied the concept. “Almost all pay-what-you-want experiments that I’ve heard of, people pay even when they don’t have to, which is amazing,” Gneezy says. Traditional economic theory holds that people are “selfish, rational agents” who seek to maximize their own best interests — yet people tend not to take advantage of what to calculating eyes would look like an opportunity to get something for nothing. “That suggests people really care about fairness, they want to do the right thing,” she says.

When the money’s going to charity, as it is at the Soul Kitchen, people tend to pay more. Gneezy and colleagues ran an experiment at an amusement park where people could pay anything they wanted for a souvenir photo of themselves riding a roller-coaster. When they were told half of the money was going to charity, fewer people bought the photo, but they paid more than six times as much for it. Basically, when people know the money’s for charity, they don’t want to look like cheapskates, so they either skip it entirely or they give generously, Gneezy says.

Anything that disrupts that feel-good atmosphere, however, reduces the amount people feel like they want to pay. In another experiment, Gneezy found that people paid more at a pay-what-you-want restaurant when they put the money in a donation box than they did when the owner took the money directly. Putting the money in a box anonymously seems to feel more like a gift or a show of appreciation, whereas having someone observe the payment makes it feel more like a business transaction, she says. Suggested prices can also make an exchange feel more businesslike, making people less generous, she says.

Here’s how the Soul Kitchen will work: The restaurant serves three-course meals, made with local, organic ingredients whenever possible. There’s a suggested donation of $10 to cover costs, but there are no prices on the menu — diners are simply asked to pay whatever they can. Those who can’t pay are asked to volunteer behind the scenes, cooking, washing dishes, or waiting tables. The Soul Kitchen is part of the Jon Bon Jovi Soul Foundation’s larger mission to fight poverty and homelessness.

The Jon Bon Jovi Soul Foundation didn’t respond to requests for comment.

Located in Red Bank, N.J., Soul Kitchen has limited hours: It’s open Thursday/Friday/Saturday 5:00 to 7:00, and Sunday 12:00 to 3:00. Reservations are recommended. Click here for more information.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 5)

View all Comments »
    • Before I heard about the soul kitchen i was looking into doing the same with a salon here in San Antonio. In the air!!!

    • Thankyou Mr.Bon Jovi for what you are doing to better us all.Maybe this will catch on throughout the rest of the U.S.and into other businesses.

    • @George you really don’t get the idea of the Soul Kitchen. They don’t really give away food for free. If you don’t have money, you are supposed to volunteer.
      I think this is a great idea. There should be more restaurants like this all around the world.
      All the best for the Soul Kitchen & the JBJSoulFoundation :-)

    • George, what have you done to help the hungry and homeless? Instead of sitting behind a computer get up and do something. Help the hungry and homeless as Mr. Bon Jovi is doing. This is a great concept a win for everyone involved. Those that can pay are helping those that don’t have enough $$ for food. It’s all about helping thy neighbor. I hope this concept works and hungry families can have decent meals and feel like they earned it by volunteering and not just givin the meal. We need more people that are willing to help!!!!!

    • Hogwash! Anyone who would pay a red cent is a complete fool! If you’re fool enough to offer free food to anyone then you’re fool enough to bleed cash until you can’t do it no more! But I definitely don’t underestimate Mr. Bon Jovi. In the circles he runs in there are so many dang fools that he could sustain such an enterprise for a very long time. Should I ever visit his establishment I will be sure to tip waiters 20% of the bill…

About Pay Dirt

  • Pay Dirt examines the millions of consumer decisions Americans make every day: What to buy, how much to pay, whether to rave or complain. Lead written by Quentin Fottrell, the blog examines these interactions, providing readers with news, insight and tips on shopping, spending, customer service, and companies that do right – and wrong – by their customers. Send items, questions and comments to quentin.fottrell@dowjones.com or tweet @SMPayDirt.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Tokyo Markets Close in:

need to know
Activision, United rally on S&P 500 inclusion
Amgen gets FDA OK for cholesterol treatment
Icahn discloses stake in Freeport McMoRan
Autodesk beats earnings expectations
GameStop tops expectations; shares rise
Bank of New York Mellon tech woes hit prices
Wall Street’s missing a closed-end bargain

The happiest — and most miserable — countries on earth
This is the happiest country on earth


What should China do to fix its economy?
What should China do to fix its economy?
Analysts dismiss fears of a China hard landing
‘Loch Ness monster’ and a mysterious rally
China fears trigger emerging market outflows

Apple closes in on Fitbit as world's biggest wearables company
Apple closes in on Fitbit in wearables

Apple to host Sept. 9 product event

How momentum investing could go out of style
Momentum investing could be going out of style

These are the best jobs for millennials
These are the best jobs for millennials


Wal-Mart explains decision to stop selling some guns

One billion people logged onto Facebook Monday in new company milestone
1 billion people used Facebook in one day


Poll shows Biden running stronger than Clinton
Republican wants more than the sequester

Donald Trump says he’s OK with raising taxes on himself
Trump: I’m OK with raising taxes on myself

Bezos is clear about what Amazon’s culture is

10 fall beers with absolutely no pumpkin in them
10 fall beers with absolutely no pumpkin in them

Sorry, Uber, but this is the end of the IPO party

Star-studded content up Netflix’s sleeve
'Mr. Robot' season finale postponed

Jim Rogers: Don’t rule out a commodity bull run
Commodities are ripe for a rebound

How the media just can’t spot economic crisis

6 ‘services’ that help hackers get rich

4 things you didn’t know could be hacked
How vulnerable are U.S. markets to hackers?


How to throw a  birthday party for under $100
Only half of Americans with kids have wills

Millennials are clueless about cellphone etiquette
Millennials realize growing up is hard to do

/conga/frontpage.html 353513

Markets »

171.98MDow Volume:
Avg Vol: 111.57M
Unchanged
150
Decliners
1105
Advancers
5358
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,655 +369 2.27%
Nasdaq
/quotes/zigman/12633936/realtime 4,813 +115 2.45%
S&P 500
/quotes/zigman/3870025/realtime 1,988 +47 2.43%
GlobalDow
/quotes/zigman/629063/realtime 2,372 +11 0.47%
Gold
/quotes/zigman/662444/delayed 1,127 +4 0.39%
Oil
/quotes/zigman/2331095/delayed 42.54 -0.02 0.05%
FTSE 100
/quotes/zigman/3173262/delayed 6,192 +213 3.56%
DAX
/quotes/zigman/2380246/delayed 10,316 +318 3.18%
CAC 40
/quotes/zigman/3173214/delayed 4,658 +157 3.49%
FTSE MIB
/quotes/zigman/1482176/delayed 22,201 +727 3.39%
IBEX 35
/quotes/zigman/2759620/delayed 10,290 +306 3.06%
Stoxx 600
/quotes/zigman/2380150/delayed 362 +12 3.46%
Asia Dow
/quotes/zigman/6959860/realtime 2,801 +48 1.76%
Nikkei 225
/quotes/zigman/5986735/delayed 19,048 +473 2.55%
Hang Seng
/quotes/zigman/2622475/delayed 21,839 +758 3.60%
Shanghai
/quotes/zigman/1859015/delayed 3,084 +156 5.34%
Sensex
/quotes/zigman/1652085/delayed 26,231 +517 2.01%
Singapore
/quotes/zigman/1709939/delayed 2,986 +41 1.38%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.03%
Yen
/quotes/zigman/16008150/realtime/sampled 121.19 +0.16 0.13%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 +0.00 0.12%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 +0.00 0.50%
DXY Index
/quotes/zigman/1652083/delayed 95.79 +0.02 0.02%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.25 -0.02 0.02%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 +0.00 0.05%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.04 5.49%
Italy 10yr
/quotes/zigman/15866497/realtime 1.93 -0.05 2.73%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 -0.03 1.54%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.87 +0.02 1.11%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 0.00 0.77%
Crude Oil
/quotes/zigman/2331095/delayed 43 0 0.05%
Gold
/quotes/zigman/662444/delayed 1,127 +4 0.39%
Corn
/quotes/zigman/7599553/delayed 378 +3 0.73%
DJIA F
/quotes/zigman/38649152/delayed 16,657 +7 0.04%
S&P F
/quotes/zigman/30356461/delayed 1,990 +0 0.01%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.64%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.73 2.54 2.91%
AAPL /quotes/zigman/68270/composite 112.92 3.23 2.94%
GOOG /quotes/zigman/30194416/composite 637.61 8.99 1.43%
BAC /quotes/zigman/190927/composite 16.44 0.38 2.37%
C /quotes/zigman/5065548/composite 53.44 1.16 2.22%
F /quotes/zigman/264304/composite 13.56 0.35 2.65%
T /quotes/zigman/398198/composite 33.44 0.75 2.29%
BP /quotes/zigman/247026/composite 33.03 1.93 6.21%
GE /quotes/zigman/227468/composite 25.01 1.00 4.16%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Trending Tickers
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  • /quotes/zigman/8669138/composite DWTI-28.79%
  • /quotes/zigman/107036/composite ULTA+1.39%
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