Christina Cheddar Berk is assistant managing editor of Enterprise coverage at CNBC Digital. Before joining CNBC, she was a special writer at Dow Jones Newswires and a guest columnist for the Wall Street Journal. Cheddar Berk was part of a team of reporters who received a Society of American Business Editors and Writers award for breaking news coverage. She also has worked as an associate editor for "The World Almanac" and an assistant editor for "Funk & Wagnalls New Encyclopedia."
Balmy temperatures meant a few more weeks of summer, but the warm weather likely put a chill on retail sales.
Third-quarter profits are expected to be the weakest in five years, but much of the slowdown may be confined to the financial sector.
As earnings season kicks off Tuesday with Alcoa's results, analysts have been lowering their already bearish forecasts.
Industry leaders Philip Morris USA and R.J. Reynolds Tobacco have begun test marketing Swedish-style “snus” products using the names of their leading cigarette brands Marlboro and Camel. Snus, the Swedish word for snuff, is made up of finely shredded tobacco leaves encased in a tea bag-like pouch about the size of a Chiclet.
Third-quarter corporate earnings are expected to show the weakest growth in five years, but a rebound is likely in the fourth quarter.