J.C. Penney reported break-even results on Thursday, missing estimates for profit of 11 cents a share, while same-store-sales grew more than expected.» Read More
AIG's former CEO said the company has “more than enough” assets to cover the $85 billion loan it received from the U.S. government, while inflation numbers took an unexpected turn for the worse and retail sales slumped again in September. Following are today's top videos:
EBay reversed last year's loss and beat analysts' expectations, but a weak outlook disappointed investors.
Global credit markets continued to show signs of thawing, but worries about a world-wide recession loomed over markets.
Analysts say a lot of consumers have cut way back on spending -- and if the latest retail numbers are any indication, it's looking like a blue, blue Christmas for retailers. Tell us what you think.
A growing body of statistical and anecdotal evidence suggests that demand for televisions, computers, cameras and other electronics is falling sharply, say the New York Times.
Inflation took an unexpected turn for the worse, while retail sales slumped again in September, complicating the Fed's interest rate policy in the coming months.
Retailers may be dreaming of a green Christmas — as in, lots of greenbacks in the register — but at this rate, it's going to be a blue, blue Christmas.
Federal Reserve chairman Ben Bernanke comments on the government's plan to solve the financial crisis, while this year's economics Nobel Prize winner gives his insight on the economy. Following are today's top videos:
I've been trying to figure out how the economic downturn is affecting the sales of sports tickets. The problem is that the only league that is really operating at full strength right now is the NFL and most of those tickets are sold out.
Tired of being spooked by the economy? Well, you’re not alone and that could be good news for retailers.
Stocks closed lower after swinging wildly all day as a coordinated global rate cut failed to reassure investors.
When New England Patriots wide receiver Randy Moss takes the field against the San Diego Chargers this weekend, he will be stepping into shoes that I wore first. No need to check your eyes there. I didn't think I'd ever write that sentence either.
Due to the Yom Kippur holiday tomorrow, a number of retailers are reporting September same store sales a day early. In general, discounters (ex-Target) outperformed, so Wal-Mart, Costco BJ, and Fred's all did fairly well.
U.S. stock index futures turned positive after coordinated action to cut rates across the globe to fight the danger of the world economy being hit by a depression.
Halloween is not just for the tykes anymore. An estimated 51.8 million adults plan to sport some sort of costume for the big night.
I had a conversation with a high-profile owner and asked him what his greatest concern in these tough economic times was. He told me exactly what I thought I'd hear. With the lack of liquidity in the market, he said, how hard is it going to be to sell a team for the so-called appraised value?
Aikman has been among the smarter of the athlete businessmen out there, so I thought that with the economic downturn it would be a good time to talk with him.
Cowed by the financial crisis, American consumers are pulling back on their spending, all but guaranteeing that the economic situation will get worse before it gets better, the New York Times reported.
Every year, friends of mine head up to Hong Kong to go shopping. Not at the swanky boutiques in Central or the funky shops in Causeway Bay. Nope, they go to the warehouse outlets on the other side of Hong Kong Island. Why?