CNBC's Tyler Mathisen looks back at the week's top business and financial stories. The bull market continues, in spite of bad winter weather and the situation in Ukraine. Auto sales were mixed, while Radio Shack & Staples announced they would be closing a number of stores. And the SAT made changes this week, going back to a total 1600 score and making the essay portion optional.» Read More
Stocks closed lower as fears that inflation was hampering holiday gift-buying combined with wider concerns about the state of the economy.
I haven't leafed through a catalog all year. In fact, catalogs go straight from my mailbox to the recycle trash bin. Take away the catalogs and the other junk mail I ignore, and I'd blissfully have nearly no mail at all.
Major European stock markets closed firmly lower Monday, as investors fretted about the anything that could derail the interest-rate easing plan in the U.S.
Swedish fashion chain Hennes & Mauritz said sales rose 14 percent in November, year-on-year, lower than expected by analysts and the latest in a series of signs that European consumers were getting wary of inflation and debt.
Swedish fashion chain Hennes & Mauritz said on Monday its sales rose 14 percent in November year-on-year, lower than expected by analysts, but aided by a collection from Italian designer Roberto Cavalli.
As we enter the final stretch of 2007, the stock market may temporarily lose some of its violent mood swings and secure gains for the month and the year.
If I hear or read another headline that calls November's retail sales results "surprising," I may scream. I am also hereby banning use of the word 'cautious.' Today the Commerce Department reconfirmed what retailers told us all last week. November sales were sweeter than expected. The consumer is still buying cold weather apparel and Christmas presents.
Holiday 2007 hasn't even happened yet but buyers and retailers are beginning to stock the shelves and clothing racks for 2008. With that in mind, I put together a list of some of the biggest questions that the retail industry is mulling over right now that will affect 2008.
Consumer inflation data is big on Friday's agenda after Thursday's producer prices showed wholesale level inflation surging at the fastest rate in 34 years.
Except for car buying, the consumer didn't show signs of holding back in November even with a big pickup in energy prices that is beginning to hit at the wholesale level. That is what today's data shows with a 1.2 percent pickup in retail sales for November, double expectations, and a big 3.2 percent in jump in producer prices, the biggest increase in that number since 1973.
It's that time of year again. That time of year to tell you what's going to happen next year in the sports business.
LIBOR rates are down today, admittedly only slightly; but it's a start. Asian markets closed down about 2 percent; Europe also down about 2 percent. Retail sales and jobless claims good, but Producer Price Index indicates wholesale inflation stronger than expected.
Lehman Bros.' fourth-quarter earnings report, producer price inflation data and November retail sales will be factors setting direction for Thursday's markets.
At this time of year, it's predictions, predictions, predictions. So as part of CNBC's Outlook for '08, here are mine for the media world and all that's in it--with a personal look as well! (see number 7). Here I go!!
Spain's Inditex, the world's No. 2 clothing retailer, reported lower-than-expected nine-month sales on Wednesday, dragging its shares lower despite net profit coming in above analysts' forecasts.
Come tomorrow, we get the next salvo fired in the HD DVD vs. Blu-ray saga when Universal Studios Home Entertainment lets loose the last leg of the Jason Bourne trilogy, "The Bourne Ultimatum" on HD DVD. We'll also get the new boxed Jason Bourne Collection.
So the good news is that I'm not alone. I have only made one Christmas gift purchase so far this season. Yes, budgeting is always a big factor in when purchases are made but honestly, I can't say that I'm waiting to get a better deal. My new retail shopping theory involves a demographic argument: unless you have a kid or tons of little young nieces, nephews, cousins, godchildren, etc., shopping early isn't such a high priority.
Despite evidence that shoppers are cutting back this holiday season, retailers are expected to report strong improvement in November sales after a weak fall.
Head on over to West 14th and 9th Ave. in New York's meat-packing district, and you'll see something big and bright from the fruits and veggies set: A 3-story retail bonanza courtesy of Apple Inc. It's the company's second largest store in the nation, behind its flagship store here in nearby San Francisco.
The slightly better-than-expected increase in November non-farm jobs gave some support to stock prices, but has done little to change the debate about what the Fed will do when it meets on Tuesday. The Street has been in hot debate about whether the Fed will trim the target 4.50 percent Fed funds rate target by a quarter or a half point.