CNBC's Mandy Drury looks back at the week's top business and financial stories. The Lumber Liquidator CEO resigns. LA agrees to raise its minimum wage, and egg prices have nearly tripled because of the bird flu.» Read More
Well, it's about time. That might be the familiar refrain coming from Apple investors as well as the Mac faithful who had to give up Leopard's place in the development line in favor of the company's new favorite flavor, the iPhone.
Carrefour, the world's second largest retailer, reported a slightly below-forecast 5.8 percent rise in third-quarter sales on Tuesday, with revenue growth in the international business offsetting lower revenue in its French home market.
The National Retail Federation says its survey has found that 40 percent of shoppers will begin their holiday shopping before Halloween. That's despite the fact that the day after Thanksgiving is typically seen as the official beginning of the holiday shopping season.
Standing here at the Port of Wilmington in Delaware, I was surprised to see the number of Dole and Chiquita logo'd trucks driving cargo to the port. Who knew that P of W is the #1 banana port and Chilean grape import/export port in the U.S.?!
Diageo, the world's biggest alcoholic drinks group, said on Tuesday sales growth slowed in its first quarter, but it maintained its full-year target for underlying operating profit to rise by 9 percent.
Stocks are sending a mixed message this morning as oil cranks to a new high and earnings season gets underway. European stocks are mixed to firmer, and Asian markets were higher though Tokyo had a flat session.
It’s going to be a joyful—and profitable—holiday season for retailers, according to the latest CNBC Wealth in America survey. Americans plan to spend an average $839 during the holiday season, up 17.6% from last year.
Hennes & Mauritz beat expectations with a 25% year-on-year rise in September sales, its second-strongest figure in five years, signaling a buoyant reception for its winter fashions and online shops.
Forget the credit crunch, housing recession and fears of slower economic growth. Americans plan to open their wallets during the holidays this year, though maybe not on those cheap Chinese toys. Spending is expected to jump 17% from last year, to an average of $839.
The Material Girl is cashing in, ditching a traditional music label for different kind of music company with a whole different approach to the industry. Now the music industry is waiting and watching--wondering who will win the next battle in the music industry's war.
Any time a company blames the weather for a lowered outlook, be skeptical. But Petsmart has a case. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Retail sales posted a stronger-than-expected gain and prices at the wholesale level jumped up significantly in September.
Here are my thoughts this morning: 1) Producer Price Index is hot, above expectations, but core (ex-food and energy) below expectations, retail sales stronger than expected, so market has moved up on this because it watches core inflation and is happy retail sales are stronger than expected.
No love from the stock market today, and frankly, not even the most rabid bulls (and I am bullish) can complain. Think about it: September retail sales was even worse than were thought; many retailers lowered earnings: energy stocks lowered earnings yesterday...
Bloodletting was the term one source used. Bad and weak were the most common and perhaps the most descriptive term was anemic. I am referring, of course, to September's same store sales results. Wall street knew that September's sales would be soft but what the Street didn't know was how widespread the results would be.
With so much attention being paid to the kind of power Apple Inc. wields in the music business--trying to control pricing because of its infinitely popular iTunes online music store--there might be a threat even more serious for the rest of the music industry. And that includes Apple.
September same-store sales growth falls to its slowest pace in three years, forcing a number of retailers to cut their third-quarter earnings forecast.
A real food fight breaking out over the September retail sales numbers. No hiding the facts: they were below expectations, which had already been lowered. Men's Warehouse, American Eagle, Target, Limited, Nordstrom, JC Penney lowered earnings; Kohl's said earnings would be at the low end of the range.
US Treasuries fell Thursday after lower-than-expected weekly jobless claims bolstered views of a healthy labor market, lowering expectations of a near-term interest rate cut.
Stocks are squarely in positive ground this morning helped by a surprise comment from Wal-Mart that its earnings will be better than expected this quarter. Chain stores report monthly sales today and expectations have been low. Macy's for instance is down 2.7%, Limited was down 4%, Chico's is down 8.3% and Nordstrom cut its third quarter forecast.