WASHINGTON— U.S. consumers welcomed the new year with a surge in confidence. The Conference Board reported Tuesday that its consumer confidence index climbed this month to 102.9, highest level since August 2007— four months before the start of the Great Recession. "Consumers started the year in a buoyant mood," Andrew Hunter, an analyst at Capital Economics, wrote...» Read More
Lew Frankfort, Coach Chairman & CEO, discusses earnings and whether the consumer is showing strength.
Americans are cutting their debt faster than others and could already be halfway through the deleveraging process, setting the stage for the nation’s economic recovery, says a new report from McKinsey Global Institute.
Apple will report earnings after tomorrow's closing bell. Andy Hargreaves, Pacific Crest Securities sr. analyst, weighs in on Tim Cook: "He's not Steve Jobs, but nobody is."
According to a just-released poll, 40 percent of affluent Americans are now optimistic about the U.S. economy, the highest level of optimism in nearly six months. However, only three-in-ten think 2012 will be a good year for business.
Will passenger confidence and investor confidence in the cruise industry ever be the same? Joel Simkins, Credit Suisse analyst, discusses the recent downgrades for Carnival and the outlook for industry, in the wake of the Italian cruise ship disaster.
CNBC's Rick Santelli takes a look at the consumer confidence data from January, which reveal positive numbers.
Target plans to launch upscale shops within its stores. What does the high-end strategy mean for Target? Colin McGranahan, analyst at Sanford Bernstein, discusses.
With Tiffany cutting its yearly earnings guidance on a slowdown in sales, will there be a slowdown in the luxury sector? Insight with Edward Yruma, KeyBanc Capital Markets retail analyst.
We set out to reinvent the department store five years ago and we have had massive changes in our company, says Terry Lundgren, Macy's chairman/president/CEO, who adds that re-branding stores to the Macy's brand set the ball in motion, and re-organizing the company has helped Macy's growth in sales.
Mike Jackson, AutoNation chairman & CEO, weighs in on 2011 new vehicle sales, which were up 11% from the previous year. "The usual replacement rate is about 15% per year; this year it will move over 20%," he says.
As the book seller increased its loss estimates for fiscal year due to investments in its digital business led by the Nook e-reader, Barnes & Noble is considering separating the digital business from its core. Insight with William Lynch, Barnes and Noble CEO and CNBC's David Faber.
Insight on the American consumer this holiday season, and how you can make money of the retail sector, with CNBC's Courtney Reagan; David Abella, Rochdale Investment Management; and Betty Chen, Wedbush Securities.
A look at Macy's raising its full year guidance and Target lowering its earnings expectations, with Adrianne Shapira, Goldman Sachs analyst.
Traders are watching retail stocks ahead of tomorrow's same store sales data. Which stocks could get a boost from the event? JC O'Hara, Phoenix Partners Group, and Anthony Chukumba, BB&T Capital Markets, discuss.
Markets are usually positive in the fourth year of a presidential cycle. What can traders expect in 2012? Mark Lehmann, JMP Securities, and Bryan Piskorowski, Wells Fargo Advisors, discuss.
CNBC's Brian Sullivan takes a look at Street signs for what's ahead in the coming year.
As the weak economy has trudged on, they have leaned on credit cards to pay for holiday gifts, many bought at discounts. They are dipping into savings to cover spikes in gas, food and rent. They are substituting domestic vacations for international trips, squeezing more life out of their washing machines and refrigerators and switching to alternatives as meat prices have risen. The New York Times reports.
Faith in financial institutions like Social Security has eroded. Many people now wonder aloud if it will be around much longer. Should they claim Social Security early? Financial advisers agree on what course of action to take: Don’t do it.
The lack of a cold winter have hurt retailers trying to sell cold-weather apparel, reports CNBC's Courtney Reagan.
"We are cautious in the first six months of 2012 - we are concerned about Europe - but the last six months could be okay," says Tom Forester, Forester Value Fund portfolio manager. Forester adds, unless central banks kick in, financials are difficult the first half.