Business News

Markets at New Highs

The Dow and the S&P 500 finished the past week at new highs, amid expectations economic data will continue to support gains, interest rates won't move much higher, and earnings will continue to improve. Retail sales Friday is the most important piece of new US data in the coming week. (CNBC)

In a move that does not bode well for future retirement, the typical millennial investor holds more than half of their portfolio's assets in cash. In fact, the millennials' fear of stocks more closely mirrors that of the World War II generation than it does either Generation X or baby boomers. About 4 in 10 young investors said that cash is their preferred way to invest.  (CNBC)

Pizza Hut is recharging its domestic business, the Yum Brands unit, is undertaking a massive menu expansion and a revamped digital experience. Consumers are looking for new flavors, wanting more customization and mashups of flavors, akin to what's available on the trendy food truck scene. The consumer is also expressing interest in lower-calorie pizza. The Chain has seen sales fall 2% this year. (CNBC)

A growing number of Americans is delaying their golden years. American workers, most notably men, are entering the workforce later and staying on the job longer. In 2013, nearly a quarter of men over age 65, were in the workforce. This compares with 17% in 1990. Among women, the labor force participation rate of those over 65 in 2013 was 15%, up from the 9% in 1990. (LifeHealthPro)

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