CNBC's Mandy Drury looks back at the week's top business and financial stories. The Lumber Liquidator CEO resigns. LA agrees to raise its minimum wage, and egg prices have nearly tripled because of the bird flu.» Read More
Lighter is the theme again. Though you're going to remember the Zoom Kobe Cut, also endorsed by Bryant, because it's a low top.
In another sign of the grim holiday season, KB Toys filed for bankruptcy protection for the second time in four years on Thursday, joining fellow retailers Linens 'n Things and Steve & Barry's in seeking Chapter 11 protection amid the recession.
With American consumers frozen, Macy's is chasing shoppers overseas. The nation's largest department store is making its first entrance into the international market by opening two upscale Bloomingdales stores in Dubai.
Britain's biggest retailer, Tesco, announced price cuts of 50 percent. Former household favorite Woolworths began a closing-down sale. Music retailer HMV reported a sizable first-half net loss.
Further economic data out of China showed the country was at risk of falling into a deflationary period. Chinese consumer price inflation fell to a 22-month low of 2.4 percent in November, sparking a fresh commitment from the government to take steps to reinvigorate the economy. Experts tell CNBC the country still has attractive prospects.
A tentative deal has been reached between the White House and congressional Democrats regarding a $15 billion proposal for bailing out the U.S. automakers. But CNBC's experts are skeptical on the measures and reckon the markets' positive reaction to the news will be unsustainable.
Here's our Fast Money Final Trade. Our gang gives you Wednesday's best trades, right now!
The holidays are fast approaching, and we bet you've still going some spending to do.
Oil prices were steady Tuesday, following a 7 percent rally the previous day, on further economic fears as Japan slipped into a deeper recession. GDP data showed the country's economy contracted at an even faster pace than originally estimated during the third quarter. CNBC's experts weigh in on the economic woes.
The holidays are going to be our first real test of the recession. Let's make sure we pass.
The gift-card industry is surging. And the bigger it gets, the higher the number of crooks looking for a cut.
Global stocks surged Monday with investors taking heart from a likely rescue plan for U.S. automakers and more government stimulus packages to reverse an economic decline. But experts tell CNBC that the slowdown is far from over.
U.S. employers axed payrolls by a shocking 533,000 in November for the weakest performance in 34 years. Experts tell CNBC that the outlook for the economy is grim.
The Big Three CEOs returned to Washington to meet with the Senate Banking Committee today, as AT&T and other companies reported job cuts. Following are today's top videos:
November retail sales figures will be released later on Thursday. But as analysts revise their forecasts down on concerns of slowing consumer spending due to recessionary woes, experts predict further troubles for the retail sector.
What happens if you buy a gift card to a store that goes out of business?
As the economy tightens, the popularity of dollar stores expands. But there are some products you should never buy, no matter the price.
In this Web Extra find out how the traders are playing Thursday's market moving events including financial guidance from Merck, retail numbers and more.
If you think navigating the mall during the holidays is tough, just try trading the retailers.
On Saturday night, Oscar De La Hoya and Manny Pacquiao will fight in Las Vegas. And the biggest story line going is the HBO Pay-Per-View price. At $54.95, Bob Raissman of the Daily News has dubbed it "Boxing's (Last) Price Gouge."