*Consumer spending rises 0.3 percent in July. WASHINGTON, Aug 28- U.S. consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year. The Commerce Department said consumer spending, which accounts for more than...» Read More
Discussing what's behind today's market rebound, with Jack Caffrey, J.P. Morgan Private Bank; Oscar Carboni, Omni Trading Academy, and John Silvia, Wells Fargo.
The volatility index is impacting the individual investor. Insight with Fredric Tomczyk, TD Ameritrade CEO.
The slump in stock markets this week offers investors an opportunity to make money on good companies dragged down by negative sentiment, an analyst told CNBC on Wednesday.
Investors woke up Monday to a world in which America is seen as a greater credit risk than anytime in recent history, and they didn't like what they saw. The conversation around why we were downgraded can get as wonky as we want, but let’s not get caught up in the weeds. We are where we are because the problem is simple: Our country spends far more than it takes in—trillions more.
Goldman Sachs, in a bearish forecast, expects 2 percent growth in the U.S. for the next few quarters and a "significant risk, one in three, that we will go back into recession," senior economist Jan Hatzius told CNBC Friday.
Americans often check their receipts to make sure they've bought everything they need, and probably to see if what they paid this time is any different from the last trip. The government does the same with the Consumer Price Index. Here are the details.
Research In Motion on Wednesday unveiled five new BlackBerry phones with touchscreens, as it hopes to revive the line's dwindling appeal in the face of competition from the iPhone and Android smartphones.
The current low rate of GDP (gross domestic product) growth in the United States indicates that the world's largest economy is headed for another recession, according to Anthony Doyle, Director of Investment Specialists M&G Investments.
German retail group Metro saw sales grow only marginally in the second quarter, led by its emerging markets business, as weak consumer spending in Western Europe weighed on its results.
Don't look to the Federal Reserve to offset the damage if the debt ceiling isn't raised by Aug. 2, two regional Fed presidents told CNBC Friday. However, they say the Fed may have options down the road to offset any damage to the U.S. economy.
French retail and luxury group PPR page90PPR-FRfalsefalse43pricetruefalsefalsefalse0QuotefalsetrueChartfalsetrueNewsfalsetrueProfilefalsetrueAdd to Watchlistfalsetruetruehttp://api-cdn.cnbc.com/api/chart/chart.aspGE4true3 on Friday posted forecast-beating first-half sales and profits, pulled by the strong growth of its luxury brands in major markets such as China.
CNBC's Melissa Francis looks at the week's top business news and investing advice, including sovereign debt plays and tech stocks.
Gold is likely to hit $1,650 an ounce by the end of the year and could even hit $1,700, according to one analyst.
Wealthy Americans, who are expected to increase their spending on luxury items by 8 percent to $359 billion this year, are no longer embarassed at flaunting their wealth despite an economic slowdown which has caused hardship on many who have lost their jobs, David Arnold, publisher of luxury magazine the Robb Report told CNBC.
France's Casino warned archrival Carrefour on Monday that a merger of its Brazil unit and the country's biggest retailer, Grupo Pao de Acucar, could not go ahead without its consent.
The week's top business news and investment advice, including end of QE2 plays, European equities, financial favorites and more.
Despite high unemployment, debt ceiling fears, riots in Greece, earthquakes in Japan and a host of other negative headlines, most of the American consumer related stocks are doing pretty darn well lately.
Why aren’t businesses hiring? There is a lot of analysis about this, but, to get a better understanding, it may be best to work in reverse by looking at the past and figuring out what the relative strength or weakness of conditions are today and then examine which policies, if any, might work.
Gasoline prices should drop more quickly now that governments are stepping in to pump up world oil supplies, but drivers are still unlikely to see last summer's levels below $3 a gallon.