CNBC's Tyler Mathisen looks back at the week's top business and financial stories. A shortened trading week, this week, as Easter is on Sunday. The week ended positive after Janet Yellen reassured investors. Low rates could be around another two years, she said.» Read More
Electronics are in, women's clothes are out -- and leather handbags and jewelry are on the fence heading into next week's unofficial start to the 2007 holiday season. U.S. consumers are struggling with soaring fuel and food costs and the falling housing sector.
Biggest worry today: another fade into the close. It’s happened five of the last seven trading sessions. Elsewhere: give the Street some credit. One month ago, as the fourth quarter was starting, traders began lightening up on their positions in financials and retai
The fourth quarter is now half over, and fourth quarter earnings estimates have been coming down quickly for financials and retailers. Both Kohl's and Ann Taylor lowered their guidance. Ann Taylor noted that "Traffic trends were particularly soft in the month of October," though they improved in November
Two days after the initial scandal that caused shares to plummet, lululemon just sent out its response via press release at 9 pm ET on Thursday. According to inside sources, board members felt that lulu "should not have let this happen" (the scandal and NY Times quotes from company executives) and said that LULU will "learn from this experience."
I am sitting at a Starbucks across from Lululemon on the Upper West side of Manhattan. I find this somewhat ironic given that Lululemon has done for athleticwear what Starbucks seems to have done for coffee. No, it didn't just inflate prices and make it yuppie-wear, Lulu glamorized it.
Lululemon shareholders seemed to make lemonade yesterday after that initial sell-off. But on day two of the story, the sentiment seems to have drifted back to sour lemons. Whether it was shortcovering or new money jumping into the market, I'm not sure. Today short sellers are back betting against Lulu's company.
Here's what we're focusing on throughout the day: Oil took a dive after inventory data showed an unexpected build in supply. Oil was also moving lower earlier after OPEC cut its demand forecast for the fourth quarter Core CPI for October rose 0.2%, in line with expectations. Oil is lower this morning , following comments earlier this week from the IEA. Inventory data was due at 10:30 a.m.
US stocks closed an uneasy session lower as investors, uncertain if the worst of the credit crisis is over, refrained from extending Tuesday's huge advance.
Hot up-and-coming retailer Steve & Barry's, which turned heads especially with its $14.98 shoes, could have an issue on its hands. The man whose nickname ("Starbury") is on those shoes has always been seen as a bit controversial, but these last couple months have been quite the ride.
U.S. stores may seem less crowded this holiday season, with one research firm predicting a 2.5 percent drop in foot traffic this year.
Futures rallying on economic and subprime news. 1) Economic news showed no inflation at the wholesale level and retail sales on the aggregate were a tad better than expected. 2) Two large financial companies made relatively positive comments concerning their subprime exposure this morning.
Soaring food costs drove up China's inflation in October, reinforcing expectations that the Chinese retail sales jumped 18.1 percent in October from a year earlier, the fastest pace on record, propelled by rising incomes, accelerating inflation and windfall gains from the surging stock market.
Believe it or not, retail gave a boost to the stock market on Tuesday. Wait until you hear which big box offered the Street a solid quarterly profit and an upbeat forecast.
Stocks rebounded from four days of losses, buoyed by a recovery in technology shares, optimism over Wal-Mart Stores' solid profit and an easing of concerns about credit losses atmajor banks.
Mild weather last month made buying winter clothing a low priority for U.S. shoppers, which restrained retail sales growth, a report showed.
Gift cards are still at the top of everyone's wish list this holiday season, but growth is expected to slow dramatically from last year.
Ever get bored drinking just plain water? Sure. But you don't want the sweet stuff they add to some brands, and you haven't got a slice of lime handy. Now there's a new option: Hint water, with - you guessed it - just a hint of flavor.
What's up with these last hour sell-offs three of the last four days? Many traders believe there is another major round of quant fund de-risking which is forcing many other large, plain vanilla hedge funds to de-risk.
Merrill Lynch economist David Rosenberg says the last time he's seen a drop in consumer confidence of this magnitude during this crucial Holiday shopping season, the economy was in a recession. So why were retail stocks higher, Monday?
I haven't purchased a single Christmas gift for ANYONE that I know. For me, this may be inexcusable given the amount of time that I spend in malls for work. I'm trying to rein in my spending and apparently I'm in good company. According to the National Retail Federation, more than 70% of consumers have completed only 10% of their holiday shopping.