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Best Buy's online sales crumbled to year-over-year growth of 7 percent, down from 15 percent in the second quarter and 21 percent in the first quarter. Where's the company headed?
Stocks continued to trade higher Tuesday after a handful of mostly strong economic reports, and despite weak earnings from leading electronics retailer Best Buy, as investors await news from the Federal Reserve's meeting this afternoon. Boeing and Cisco rose, while JPMorgan fell.
More companies are expected to raise their dividends come 2011, and the increases should be bigger, says Howard Silverblatt, Senior Index Analyst at S&P Indices.
Here's why you should keep a close eye on these six stocks.
Stocks were higher Tuesday following a stronger-than-expected U.S. retail sales report in November. Michael McGervey, president of McGervey Wealth Management, and Wayne Copelin, founder and president of Copelin Financial Advisors, shared their insights.
Stock index futures rose slightly after news that retail sales were stronger than expected in November, and inflation was in line with expectations. Earlier futures had slipped after disappointing news from leading electronics retailer Best Buy dampened enthusiasm for the holiday shopping season.
Futures have see-sawed this morning ahead of the Fed’s last meeting of the year today. S&P futures dropped a notable 4 points around 8am ET as Best Buy’s poor earnings rattled investors.
The upside call action hit quick and early yesterday in Radian Group, a provider of credit-related insurance.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
US securities regulators have broadened their investigation into the alleged $8 billion Ponzi scheme run by Allen Stanford, the Texan billionaire, to include brokerage executives who invested their clients’ money in Stanford International Bank products, reports the Financial Times.
The lawsuits filed by the trustee seeking money for Bernard L. Madoff’s fraud victims may be a blow for the defendants — but they are catnip for an obscure breed of Wall Street traders speculating on the outcome of the enormous Madoff bankruptcy case, the New York Times reports.
The Federal Open Market Committee meets tomorrow, as rising interest rates continue to defy the central bank's efforts to push them lower.
Stocks trimmed gains and turned mixed amid light volume Monday as retailers, and technology stocks slipped amid a market generally gaining support from M&A activity and as the market awaited word out of Washington on extending the Bush-era tax cuts. Caterpillar and Chevron rose, while HP fell.
The unexpected winner from Apple's App store success are mobile games — they comprise twenty percent of all app sales on the iPhone and top the best-seller lists. And the unlikely winner among the thousands of mobile games is "Angry Birds."
Stocks turned mixed Monday as retailers were among the few sectors to struggle amid a market generally gaining support from M&A activity as well as the lack of an expected interest rate hike in China. Caterpillar and Walt Disney rose, while Intel fell.
The fact that the private sector is “transacting” in toxic assets now shows a return of confidence to the market, Neel Kashkari, Pimco managing director and head of new investment initiatives, told CNBC Monday.
Congratulations, financial advisers and accountants — You've just been named one of the most depressing jobs ever! Here, maybe you should lie down for a minute ...
Rising interest rates for now are generating views that the economic glass is half-full, even though the trend would seem to counteract aggressive monetary policy from the Federal Reserve.
On the day when shipping giant FedEx is expecting to handle a record number of packages—16 million—one analyst puts a buy on the stock, while another, likes both FedEx and its rival UPS equally.
Eight months after a Securities and Exchange Commission lawsuit raised tough questions about its business standards, Goldman Sachs is completing a report on its structure and practices intended to quell fears that its ethics have lapsed.