CNBC Executive News Editor Patti Domm looks on the brighter side of today's economic news: a recent survey of employers' hiring intent and how improving weather is helping retail sales.» Read More
I've often remarked that retailers and financials are trading like a recession is already on, but industrials, techs and materials are trading like the global economy may be slowing slightly but is still holding up...who's right? The odd thing is that both may have it right.
Home Retail Group delivered an upbeat trading statement Wednesday and predicted strong first-half results boosted by growing like-for-like sales at catalog store Argos, but results from Homebase disappointed.
China's retail sales growth surged in August to its quickest pace in more than three years, beating forecasts, but analysts said the jump largely reflected stronger inflation, not necessarily quicker underlying growth.
From Rapper L.L. Cool JJ to Saks CEO Steve Sadove to Jack Mitchell of the family-run Mitchell/Richards retailer-to-the-CEO-crowd stores and Gildo Zegna himself....the front rows at the Z Zegna show encapsulated the mix of sensibilities behind the younger Zegna house. In its second New York runway appearance (I covered the first one at Fashion week last year), the Z Zegna show was once again a hot ticket.
Just 2 days before her first guest designer line debuted at mid-tier department store Kohl's, designer Vera. Wang showcased her ready to wear line at Fashion Week. The collection featured dark colors (rusts, grays, black) a smattering of metallics and lots of layered, blousy tunics.
McDonald's Tuesday reported an 8.1 percent rise in August sales at restaurants open at least 13 months, beating at least one analyst's expectations and sending shares up 3 percent in morning trade.
Media companies have a pretty clear model--they create TV and movie content, and they try to monetize that content over a number of platforms, from video-on-demand, to most notably, the Internet. Now media companies are fostering creative divisions to create significant amounts of content designed entirely for distribution online.
"High School Musical's" blockbuster success shows just how dialed in Disney is to its audience. And now the Magic Kingdom hopes to plug in that magic into a new line of consumer electronics...
In a sex- saturated culture, ladylike and elegant are not often used when describing fashion design. While Ralph Lauren, Oscar de la Renta and Carolina Herrera have built empires on elegant and stately--they tend to appeal to a demographic older than twenty-something.
For the Tech Check segment on "Closing Bell" today, a look back and a look ahead at cool technology making headlines. First up, next Monday will be a big day for chipmaker Advanced Micro Devices. The company has rented out a big chunk of George Lucas' facility on San Francisco' Presidio where AMD will unveil its long-awaited, and long delayed server chip code-named Barcelona.
As you might imagine, the Apple news and iPod releases generated enormous interest this week, and then the news cycle kicked into overdrive yesterday with word of Apple's plans for a $100 rebate to all existing iPhone owners who bought the thing at full price just two short months ago.
Baseball, football, basketball and other sports all have those expensive skyboxes in their stadiums, where the "elite" get to sit for a hefty price. But a skybox for fashion? Yup, they've got em too. The video here is my story on them from Fashion Week, that I did on last night's "On The Money."
The U.S. Congress is looking into Mattel's procedures for alerting federal regulators about hazardous toys, The Wall Street Journal reported in its online edition Friday.
Stocks closed higher on strong economic data, but gains were limited because of uncertainty whether the Federal Reserve will cut interest rates. "Today the data was great--the ISM, retailer sales--but tomorrow it might not be," said Stephen Porpora, managing floor broker at William O'Neil.
News of an iPhone price-cut took just about everyone by surprise, not the least of whom were the 270,000 iPhone buyers that first weekend they went on sale, many of whom stood on line for endless hours to plunk down their $599 for device.
On the day the NFL season kicks off, we're running two stories on marketing of Reggie Bush & Peyton Manning. The New Orleans Saints running back will appear in 12 national spots (including promotional, non-paid commercials) this year, while the Colts' Manning will be doing his thing again--you'll see a series of fun spots coming out from the likes of Sprint and MasterCard today.
Treasury debt prices dipped Thursday, as reports of a stronger-than-expected U.S. service sector and job market reduced expectations for a deep cut in official interest rates.
During a week of runway strutfests, it was a breath of fresh air to experience the layout and presentation of the Marchesa show. The line of evening gowns was displayed more like a costume exhibit than a runway show...
As children prepared to head back-to-school, consumers headed back to the stores and malls, boosting sales for a wide range of U.S. retailers.
Wal-Mart Stores on Thursday reported a higher-than-expected 3.1 percent rise in August sales at its U.S. stores open at least a year as the retailer cut prices to entice more back-to-school shoppers.