While 94 percent of the companies in the Standard & Poor's 500 Index have already reported quarterly earnings, this week remains a key week for the retail industry with 24 retailers reporting earnings—12 of which are S&P 500 components.
While 94 percent of the companies in the Standard & Poor's 500 Index have already reported quarterly earnings, this week remains a key week for the retail industry with 24 retailers reporting earnings—12 of which are S&P 500 components.
JC Penney CEO Mike Ullman told shareholders: "I have an enduring affection for J.C. Penney." They appeared to return the favor, at the company's shareholder meeting.
Stocks are coming off their worst day in two weeks, with the FMHR team. Meanwhile CNBC's Steve Liesman helps break through the Fed noise. And Mike Santoli, Yahoo! Finance, says Google is not the next Apple.
J.C. Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the retailer "back on a path to profitable growth."
Kohl's said on Thursday it expects sales to rebound in the current quarter after bad weather in early spring hurt business at the department store chain.
Wal-Mart Stores's quarterly profit just missed Wall Street expectations on Thursday, with sales down 1.4 percent at its Walmart U.S. stores open at least a year.
Is the market too "frothy?" The Fast Money traders weigh in. And Citigroup's Glen Yeung says Apple's fall may be linked to consumers losing interest in smartphones.
Thanks to more efficient operations and compelling product, both consumers and investors are falling back into the Gap, reports CNBC's Courtney Reagan.