As consumers have become more cautious with their spending, domestic diva Martha Stewart notes that they are buying less extravagant items and instead focusing on their homes, food, children and pets.
Monthly sales reports due out from more than 50 retailers for March should show signs of stabilization in the sector. Dana Telsey, Telsey Advisory Group chief research officer, talks about what to expect from retailers in the latest batch of sales reports.
Economists differed on whether the stimulus package being debated on Capitol Hill will reverse US economic fortunes, with one market-watcher telling CNBC on Friday that it's still too early to make that call—and another declaring outright that the package won't work in its current form.
Eli Lilly Chief Executive John Lechleiter said a big merger with another pharmaceutical company like the one announced earlier this week between Pfizer and Wyeth isn't necessarily the right approach for his company.