CNBC's Tyler Mathisen looks back at the week's top business and financial stories.» Read More
Stocks advanced Thursday, helped by an upgrade on the chip sector and increased forecasts from two Dow components.
Retail sales results were almost universally in the red in March--but--retail stock prices were trading in the green. Why? Many on Wall Street were prepared for the weakest sales results in 13 years and that is indeed what we got on Friday.
Retail analysts had been expecting weak sales in March, but an early Easter holiday, chilly weather and recession-wary consumers combined to deliver March sales that were even drearier than expected.
Stocks opened higher Thursday after a better-than-expected report on jobless claims, and raised outlooks from Dow components DuPont and Wal-Mart.
March retail same store sales were weak, outside of discounters. Remember companies and analysts have been aggressively taking down first quarter estimates for over a month (as well as same store sales), but companies like JC Penney, Target, Gap, Abercrombie, and Kohls were all notably below expectations on same store sales.
The dollar is weak again; Band of England lowered rates, but Europe has been weak right from the open and that weakness has spilled over into our futures. Elsewhere: 1) March retail sales were again fairly sluggish...
I was listening to the Circuit City conference call this morning and one headline really jumped out. Management said that the company is "assuming a recession in the first half of the year and a soft economy in the second half."
Plus, Intel drags down tech, breaking news from American Airlines and UPS and much more.
Is online retail the only avenue of real growth in this sector? Keep in mind that this part of the market still only represents 7 percent of overall sales. But online retail is bigger than ever. Internet sales are benefitting from the same headwinds that that are hurting sales at brick and mortars.
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Want to monitor the security cameras at headquarters while you're having dinner at home? Want to keep an eye on the kids while you're at your desk? Now you can. Richard Soloway, chairman and chief executive of Napco, explains his new service, i-See Video.
When you're stressed, do you hit the bar or hit the gym? Do you drink whiskey or wheatgrass? Lululemon Athletica's incoming CEO Christine Day says that one strategic advantage of the high-priced yoga wear line is that during an economic downturn, people choose things to relieve that stress--like working out.
Euro zone retail sales turned out much weaker than expected in February, contracting on the back of falls in Germany and Spain and reinforcing concerns about the outlook for economic growth.
Revenge is bittersweet for Lululemon Athletica. Short interest in the stock is at 21 percent of the float right now and today's rally may have something to do with short covering. That said, investors who subscribe to Credit Suisse analyst Paul Lejeuz's thinking (his rating is outperform) would say that this yoga wear company has earned the right to a rally.
If you ever find yourself concerned about which investment advice to follow, or wish you could tap the collective wisdom of lots of smart investors, well, now you can. Michael Reich, CEO of UpDown.com explains.
LeBron James' stint with Coca-Cola can best be described as moderately interesting. Five and half years ago, the brand signed the high school phenom and number one draft pick to a six-year deal and assigned him to its Sprite and Powerade brands
German retail sales fell unexpectedly by 1.6 percent month-on-month in real terms in February, the largest fall in nine months, as inflationary pressures in the food sector discouraged spending.
American Apparel's t-shirts and clothing better continue selling like hotcakes... because the legal bills at this retailer/manufacturer must be astronomical. Now, filmmaker and iconic NY curmudgeon Woody Allen has filed a $10 million lawsuit against American Apparel...
Starting up a clothing business during an economic downturn is a challenge. These days having experienced navigating the tumultuous foreign exchange, commodity markets and consumer spending obstacles is probably of more use than years spent in fashion design school!
Inditex, Europe's biggest clothing retailer and owner of the Zara chain, reported a 25 percent jump in 2007 net profit on Monday and gave healthy sales figures for the new year so far.