In case there was any doubt, the Trump administration sees the stock market as a good barometer of how the economy is doing. In an interview with CNBC on Thursday morning, Treasury Secretary Steven Mnuchin said “absolutely” in response to a question about whether the stock marketRead More »
It looks like people didn't eat up enough Papa John's (PZZA) pizzas during football season as Wall Street bankers had hoped. Shares of the pizza giant plunged 8% to $78.83 Wednesday after fourth quarter sales fell short of Wall Street's estimates. Papa John's fourth quarter adjusted earnings came in at 88 cents a share, higher than the 66 cents expected by analysts. But, the company posted weak revenue of $439.6 million, missing Wall Street's estimates of $447 million. System-wide same-store sales in North America rose 3.8%, falling short of estimates for a gain of 5.9%. It's not hard to blame Wall Street for the harsh reaction: shares of Papa John's have surged about 38% over the past year,
Vanguard is the biggest fund company in the land, with more than $3 trillion in assets. Thirty-four Vanguard funds appear on a list of the 105 most popular mutual funds in employer-sponsored retirement savings plans. No other fund company comes close.
When it comes to savings, Americans are falling short. Nearly 70% of adults have less than $1,000 in their savings accounts . Retirement funds are looking equally bleak. In fact, about half of US families have zero retirement account savings . "Particularly