Wal-Mart made headlines when it announced its Made in the USA program, but it's still hard to say what impact the effort is having.» Read More
The value stocks will make a comeback as the economy and earnings improve, said Robert Doll, vice chairman and global CIO of equities at BlackRock.
After a century in the business, JC Penney finally made its move to Manhattan with the grand opening of a three story store in Herald Square today. While other big retailers like Macy's and Bloomingdales have been hit by the recession, Penney is relying on the struggling economy to generate its success.
Private equity firm Kohlberg Kravis Roberts, which operates KKR Financial Holdings, is preparing for an initial public offering of discount retailer Dollar General, according to the Wall Street Journal, which cited people familiar with the matter.
Amazon.com reported results that beat expectations on the profit side but came in light on the revenue side, and its shares tumbled in extended trading Thursday.
The notion of a jobless recovery is gaining traction among those who think the economy is finally getting back on its feet—but not enough to move the stock market.
Several economic reports were released Tuesday, and the actuality is far different from the headlines. The Producer Price Index came and registered an alarming increase of 1.8%. But if you factor out food and energy, the increase falls to +0.5%. Read further, and that increase is entirely due to a jump in the price of cars and other light vehicles. I
Warren Buffett spoke tonight (Thursday) on tape with CNBC's Julia Boorstin at Herb Allen's Sun Valley media conference. He remains pessimistic about the economy's short-term prospects, saying the latest number from his Berkshire Hathaway companies show that consumer spending remains very weak. This is a video clip and transcript of Julia's entire conversation with Buffett.
One recurring theme this week—while sales of luxury goods continue to struggle, consumers continue to shop for less expensive goods.
Warren Buffett tells CNBC that consumer sales by Berkshire Hathaway companies have remained "very, very soft" in recent weeks. In a taped interview with Julia Boorstin today (Thursday) at Herb Allen's Sun Valley media retreat, Buffett says he'll know when things pick up because he gets constant updates on sales from his companies.
While some call it a bid to get shoppers in a buying mood, it may very well be a sign of the times. Retailers are already rolling out the Christmas shops. With consumers preparing to cut back on spending once again this holiday season, expect the retail competition to be fierce.
Stock futures are up modestly on better-than-expected jobless claims data and Alcoa’s smaller-than-expected loss.
A late upturn pushed stocks higher Wednesday as investors rotated into defensive stocks like pharmaceuticals and Alcoa advanced ahead of earnings.
Stocks turned lower Wednesday as investors got defensive ahead of earnings season, rotating into pharmaceuticals and out of techs.
Consumers may be cutting back on clothes, electronics and fancy dinners this recession, but pyrophiles across America aren't skimping on Fourth of July fireworks.
Stocks rebounded Wednesday after a major selloff in the previous session as earnings season gets into gear.
Futures indicated a slightly higher open for Wall Street Wednesday on profit taking after the major selloff the previous day.
Wal-Mart is the latest in a line of traditionally Republican-leaning businesses to embrace key portions of President Barack Obama's bid to overhaul health care, a trend that could complicate opponents' efforts to build a united front when Congress ramps up its work on the issue this summer.
Sears said Tuesday that it plans to offer a buyer protection program for its home appliances to help consumers who lose their jobs during the recession.
Futures indicated a fairly flat open for Wall Street Tuesday, after the stock market saw its worst one-day loss in two months, as defensive stocks rose.
The stock market's losing streak continued Monday, with Wall Street suffering an across-the-board slump that had some worrying about a long summer for investors.