WASHINGTON— Harsh winter weather left U.S. consumers feeling a bit less confident this month, the University of Michigan says. The University of Michigan says its index of consumer sentiment slid to 95.4 in February from an 11- year high of 98.1 in January. "Consumers remain sensitive to any hint of decreased spending power," Terry Sheehan, senior analyst at Stone...» Read More
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.
U.S. consumers, hobbled by debt and high unemployment, have been deleveraging, a process that will take another 3 to 5 years, Stephen Roach, Morgan Stanley’s non-executive chairman and the author of The Next Asia told CNBC on Tuesday.
Worries about the economy pose a serious threat to President Obama’s re-election chances, according to a new NBC News/Wall Street Journal poll.
The United States lacks a "fundamental strategy" for being the "most innovative, the most productive, the most competitive country on Earth," former General Electric chairman Jack Welch told CNBC Monday.
Diamonds are, apparently, forever, and they are fetching record prices in the rough.
The market had been expecting Friday’s US jobs data to be weak but the scale of the drop in employment growth in May still took many by surprise.
The auto industry has continued to hire even though the manufacturing sector lost 5,000 jobs in May. Analysis of the future of the auto industry, with William Ford, Ford executive chairman, and CNBC's Phil LeBeau.
The economic data in the US is heading south and investors are beginning to question whether the Federal Reserve will extend its asset-buying program beyond the end of the month.