CNBC's Mandy Drury looks back at the week's top business and financial stories. The Nasdaq hit a new high this week after tech giants reported earnings beats. Jobless claims were up and home sales were down.» Read More
Michael Phelps showed up to the Bud party here in Beijing last night wearing a Lacoste shirt and a Lacoste hat. How about it, readers -- Take my poll: Should he ONLY wear his sponsors' togs??
With the housing market in the doldrums and inflation running at a pace unseen in nearly two decades, consumers are not buying new homes. Instead they are fixing up the ones they have, a trend that is beginning to show up in the financial reports of retailers, the New York Times reported.
As people debate whether Michael Phelps will be a lasting icon, one company says its data shows that Phelps' legacy is bigger than the legacy of New York Yankees shortstop Derek Jeter.
Today, at a news conference announcing that Michael Phelps would be in London for the closing ceremony -- with a Visa handoff event to the 2012 games -- I had a chance to catch up with the swimming superstar.
Lowe's said Monday its second-quarter profit fell nearly 8 percent, but managed to top Wall Street expectations as the home improvement chain benefited from green thumbs repairing last year's drought-stricken gardens, tight expense controls and better-than-expected sales.
J.C. Penney said on Friday quarterly profit fell 36 percent and forecast earnings for the current quarter below Wall Street expectations, hurt by cutbacks in consumer spending.
Swedish fashion giant Hennes & Mauritz posted better-than-expected sales figures for July on Friday, defying an economic slowdown, as cost-conscious shoppers appeared to favor its moderately priced clothes.
Total sales at U.S. retailers edged down 0.1 percent in July on another big drop in auto sales, as consumers strain to keep up spending amid rising prices.
An August poll of fund managers showed a shift in favor of U.S. assets with a more positive attitude towards the dollar.
Best Buy will start selling the iPhone on Sept. 7, becoming first U.S. chain to do so outside of Apple's and AT&T's own stores.
Chinese shoppers turned in a gold-medal performance in July as annual growth in retail sales accelerated to a record 23.3 percent on the back of rising incomes.
Dell introduces their new line of laptops, designed to have the greatest security, the longest battery life and the most robust design, while Warnaco's Speedo is the most desired swimwear for Olympic swimmers. Following are today's top videos:
This invitation-only event provides a runway platform for designers' swimwear and resort collections with exposure to national and international media, style setters and fashionistas.
CEOs from McDonalds, Adidas and WPP Group looking to boost sales from the long-awaited Beijing Olympic games, talked about their various strategies to expand brand image, their views on the economy, and more on CNBC.
Following its years of rapid economic growth mostly in industrial and tech sectors, what's next for China? According to some analysts, including today's guest Zach Karabell, the Chinese consumer is key to the continuing growth of the Chinese economy -- and the Chinese economy is key to the continuing growth of the global economy.
Time for Fast & Furious -- you know the drill!
Will the Olympic games in Beijing (starting tonight on NBC) provide a boost to apparel companies Nike and Polo Ralph Lauren, which are both official sponsors?
Karen Finerman of the Fast Money team joins Dylan Ratigan for the last Final Call of the week, and their discussion revolves on how oil has "jerked around" retailers.
Here's your primer of everything that happened once Favre got traded from the Packers to the Jets.
Following are Thursday's biggest winners and losers. Even with today's rough market, there were a number of pops, such as an internet florist, a Canadian fast food chain and a certain star athlete making the move to the Big Apple.