Wife of man killed in cargo plane crash speaks out
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,
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
It's a good thing Popeyes Louisiana Kitchen (PLKI) was bought by Restaurant Brands International (QSR) on Tuesday because its 2016 fourth quarter earnings were far from savory. After Wednesday's market close, Popeyes reported fourth quarter earnings of 44 cents a share, lower than the 47 cents a share analysts expected. Shares of Popeyes fell slightly in after-hours trading to $78.85. Popeyes did post revenue of $61 million for the three-month period ended Dec. 25, compared to Wall Street's expectations of $59.9 million. For the full year, the company posted earnings of $1.98 a share and revenue of $268.9 million. Analysts were anticipating Popeyes to report earnings of $2.11 a share on $267.8
At a time when President Donald Trump is signaling an American withdrawal from a leadership role in global affairs, Chinese President XI Jinping is increasingly willing to pick up the slack. The Chinese state media, in recent days, has been stressing what it characterizes as a major shift in Beijing’s posture toward the rest of the world. Last month, speaking at the World Economic Forum in Davos, Switzerland, Xi mounted a strong defense of global trade at the same time that the Trump administration was promising to withdraw from a major trade deal among Pacific nations that notably excluded China.
As rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters—and landlords. Last year, 37 percent of homes sold were acquired by buyers who didn’t live in them, according to tax-assessment data compiled in a new report published by Attom Data Solutions and ClearCapital.com Inc. That number may include second homes, or properties acquired by investors who seek to fix up old homes and resell them at a profit. But it’s also a strong indication that landlords are playing a larger role in the U.S. housing market. In the years following the foreclosure crisis, Wall Street drove a rise in the share of
IRAs let you invest for retirement in a tax-favored way, and like many tax breaks, IRAs are great vehicles for the wealthy to shelter their income from taxes. In particular, rich taxpayers can use two strategies that will help them build up their IRA balances during their lifetimes and then ensure that anything that goes to the IRS does so as slowly as possible. Below, we'll look at both of these key strategies and how the rich use them with their IRAs to boost their wealth. Betting on a big payday The power of compounding can help any saver produce impressive retirement nest eggs even from modest regular contributions. But the windfalls that some rich investors have earned in their IRAs dwarf
Amazon is so pleased with its performance in a new ranking of corporate reputations that it is giving customers a discount on Wednesday to celebrate its top-place finish. The online retail giant is offering an $8.62 discount on purchases of $50 or more
Staff cuts at Lowe’s are hitting the home improvement retailer’s headquarters in North Carolina. The company announced it was laying off 430 people from its headquarters in Mooresville. will also cut an additional 70 support positions in its Wilkesboro
Who said retail stinks? Tell that to the richest family in America, who got multi-richer Tuesday after shares of Walmart (WMT) rose 3% following a better-than-expected fourth quarter. Shares have trekked slightly higher on Wednesday to $71.89. That jump deepens the pockets even more of Sam Walton's three surviving children—Rob, Jim and Alice. On Wednesday, Rob's shares were worth $240 million, Jim's, $755 million, and Alice's, $501 million, according to data compiled by TheStreet. Rob is on the retailer's board and its retired chairman. He has a net worth of $35.8 billion, the 15th highest in the world, according to Bloomberg data. Jim, whose net worth clocks in at $35.4 billion (17th wealthiest
When Grant of Millennial Money looked at his bank balance after graduating from college, he knew he had to buckle down. With $2.26 to his name, he moved back in with his parents, landed a digital marketing job and started building websites on the side to complement his $50,000 salary. Within a year, Grant was making more money from his side gig than his full-time job. "I was hooked and turned my side hustle into a digital agency that I still run today," the now 31-year-old, who goes by his first name exclusively, tells CNBC. "I've generated millions and millions of dollars in revenue growth across my clients." Five years after taking a screenshot of his $2.26 balance, Grant hit seven figures.
By Venus Wu HONG KONG (Reuters) - Former Hong Kong leader Donald Tsang was jailed for 20 months on Wednesday for misconduct in public office, making him the most senior city official to serve time behind bars in a ruling some said reaffirmed the financial hub's vaunted rule of law. The sentence brings an ignominious end to what had been a long and stellar career for Tsang before and after the 1997 handover to Chinese control, service that saw him knighted by the outgoing British colonial rulers. "Never in my judicial career have I seen a man falling from such a height," said High Court justice Andrew Chan in passing sentence.
Hacking is a fact of life for business and consumers alike. Often, leaked data surfaces and is sold to miscreants—hackers, shady government organizations, and other bad actors—on the Dark Web. The Dark Web—or darknet, backweb, onionweb—is frequently misunderstood. The network is used by legitimate actors like law enforcement organizations, cryptologists, and journalists as often as by malefactors and criminals. TechRepublic's smart person's guide is a routinely updated "living" precis about how the Dark Web works, the content that populates the encrypted internet, and the encryption tools needed to safely navigate the network. Executive summary What is the Dark Web? Much like the internet—or
A unanimous Supreme Court said on Wednesday that the parents of a girl born with cerebral palsy can sue for damages after public school officials barred her service dog from her classroom. In the case of Fry v. Napoleon Community Schools, the Napoleon Community school district in Michigan said that it had already provided a one-on-one support person to help the child at school, and the dog wasn’t needed. The family then sued on the child’s behalf in federal court to recover damages for the period when the dog was barred from the school, on the theory the child suffered emotional and social harm. A district court dismissed the lawsuit, saying that the family needed to find an administrative solution with the school under another act, the Individuals with Disabilities Education Act (or IDEA).
Verizon, apparently not content with introducing one disruptive data plan, introduced another this week. On Monday, the U.S.’s largest carrier announced a new postpaid option that starts at $40 a month — a full $10 cheaper than the lowest-priced plan it previously sold. Customers, who pay upfront, get unlimited texting, calling, and 2GB of data per month, down slightly from the 5GB offered on its $50 prepaid plan.
Malaysian police said that they had identified two more suspects in the killing of Kim Jong Nam and that the two women who claimed they thought they were shooting a prank video were trained for the crime. Photo: Kyodo/AP
Waze, the navigation app owned by Alphabet's (GOOGL) Google unit, is quietly transforming into a ride-sharing service that could eventually rival the likes of Uber and Lyft. The Wall Street Journal reports that the internet giant plans to make Waze's carpool service available in several U.S. cities and Latin America in the coming months, marking a massive expansion of the app that uses crowdsourced data to give real-time traffic and navigation information. It's unclear which cities the carpool service will be launched in. "We look forward to potentially bringing Carpool to additional cities in the future," said Josh Fried, Waze Carpool's head of business development, in a statement. Fried
The coffee giant's consumer perception levels have fallen by two-thirds since late January, according to YouGov BrandIndex. "We are living in an unprecedented time, one in which we are witness to the conscience of our country, and the promise of the American Dream, being called into question," CEO Howard Schultz wrote in a letter to Starbucks employees about the plan.
Many Americans cross their fingers at tax time, hoping for a huge refund from the federal government. At the very least, they want to break even. The vast majority of filers — more than 70 percent — do get money back from the government, with the average
Surprise new costs for the long-troubled Airbus A400M military jet sent the European plane maker's profits plunging last year and will weigh on the company's financial prospects through next year, even as it forecast a rise in aircraft deliveries and demand. Airbus CEO Tom Enders acknowledged that "the jury is still out on the long-term success" of the A400M, but insisted "it's absolutely necessary" to maintain it as long as European militaries depend on it. Airbus' commercial plane forecast was more upbeat, after a year that saw a rise in deliveries but a drop in orders.
Polarizing right-wing writer Milo Yiannopoulos was by turns apologetic for comments he made about sexual relationships between boys and men and adamant he had been the subject of "a cynical media witch hunt" on Tuesday as he spoke after resigning as an editor at Breitbart News. Yiannopoulos opened his remarks to reporters by saying two men, including a priest, had touched him inappropriately when he was between the ages of 13 and 16. The apology followed days of criticism from fellow conservatives after the release of video clips in which Yiannopoulos appeared to defend sexual relationships between men and boys as young as 13.
"The company has provided notice to Wells Fargo that it may seek indemnification under the MyTerm distribution agreement," Prudential said in a Feb. 17 regulatory filing. It was unclear how much in costs Prudential may seek. A push by the Newark, New Jersey-based insurer for Wells to cover its costs could become another headache for the San Francisco-based bank, whose sales practices have been under a spotlight.
The National Association of Realtors' report on Wednesday came as the labor market nears full employment and investors wait for the Trump administration to act on its promises to cut taxes, increase infrastructure spending and reduce regulations. "Existing home sales continue to shine and this bodes well for consumer spending which helps the economy go. Team Trump is trying to boost economic growth and today's existing home sales will make the job a little easier," said Chris Rupkey, chief economist at MUFG Union Bank in New York.
You don't get rewarded much by the market for being a good saver. Sure, roughly 52 percent of Americans have more in their rainy day fund than they have in credit-card debt, according to a new survey from Bankrate. (That figure is based on an annual survey of 1,000 adults and has remained basically unchanged since 2011.) But is that money working well in an emergency fund? The average savings account yields just 0.11 percent, which is far less than the rate of U.S. inflation. Most financial advisors recommend you keep three to six months of expenses in an emergency fund. However, putting that substantial amount of cash in a traditional savings account is "losing money safely," said Nick Holeman,
The 30 companies that make up the Dow Jones Industrial Average are household names. Their sheer size and dominance of their respective fields make them not only well known but also good bets in bad markets. All 30 pay dividends, too, and that steady income can beef up total returns during markets both good and bad. Any stock carries risk, of course, but it's fair to say that as a group Dow stocks are among the more reliable names that investors can buy. There are eight stocks in the Dow that have taken the concept of reliability to a whole new level when it comes to dividends. Known as Dividend Aristocrats, these stocks have seen their payouts to investors increase every year for at least 25