Wal-Mart made headlines when it announced its Made in the USA program, but it's still hard to say what impact the effort is having.» Read More
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.
The market is finishing at the lows, three of the last four days. A tough situation, since traders now get unnerved in the last hour, even if the trend is neutral going into the close (as it was today), or even if the trend is up (as it was on Friday, and stocks still fell apart in the last hour).
Reversing the trade is the key story today: 1) The "buy tech, sell financials" trade--which has been astonishingly successful since July--is showing signs of unwinding as traders nibble on financials.
The writers' strike is bad for the media companies--network ratings are already dropping, which means ad revenues will follow. And the longer a strike lasts the worse it gets. But it's not ALL bad as some companies will actually cash in on an on-air content vacuum. And I'm not just talking about the people producing on-air content and the companies broadcasting it.
Shoe and apparel maker Adidas just announced that they acquired Philadelphia-based Mitchell & Ness, the company behind the retro jersey craze that likely reached its height around the 2003 NBA All-Star Game in Atlanta.
Retailers posted a second-straight month of weak sales, as warmer-than-usual weather cooled demand for fall clothing and surging gasoline prices and a weak housing sector created a more cautious consumer.
Som midday observations: 1) Despite being grilled on the weak dollar, higher inflation, and the subprime crises and what he is doing about it, Bernanke has said little new. He says that economic activity has remained "resilient" but that "financial market volatility and strains have persisted." He seems to want to keep all his options open for December.
October was not kind to Wal-Mart even with the promotional pricing and marketing campaign that the world's biggest retailer has been pushing. The only sales growth at Wal-Mart stores was at its Sam's Club division (+2.7%) which helped boost the overall Wal-Mart comp to a meager .4% gain.
Well, the retailers came in generally in line with the gloomy expectations: plenty of markdowns on warm weather. Two-thirds were below expectations, according to RetailMetrics. Department stores missed expectations across the board.
Stocks are striking a much-improved tone after Wednesday's high energy selloff, as investors await testimony this morning from Fed Chairman Ben Bernanke. Monthly chain store sales and some big earnings could also influence direction.
Costco Wholesale on Thursday reported a 9 percent rise in October sales at stores open at least a year, helped by higher gasoline prices.