Collette Wixom is saving for her four-year-old son's college tuition by featuring him in branded attire on social media, with a following of 175,000.» Read More
Warren Buffett told CNBC that he has no bets against the dollar and stocks are more attractive now than a year ago. This has been a week of reversals: and the Street continues to believe that some kind of federal intervention in Fannie Mae and Freddie Mac is inevitable -- and continues to believe that the market will rally when this announcement is made.
The "bond kings" gather to comment on the credit crunch while the CEO of BorgWarner says his company has come up with a technology that improves fuel efficiency and lowers emissions for automobiles. Following are today's top videos:
Early July sales results from retailers have been disappointing, with many falling short of analyst estimates. It also appears that the benefit from tax rebate checks is beginning to wane.
Futures are down nearly 10 points, not surprising given AIG, a strange but generally disappointing retail sales report, and jobless claims higher than expected.
The back-to-school shopping season has already produced a wide range of grades among retailers this year, according to Needham's Christine Chen. She finds some clear winners.
Economics will be a far more important subject than fashion for retailers this year as cash-strapped U.S. consumers do their back-to-school shopping over the next several weeks.
Despite consumers cutting back spending, Christine Chen, vice president of equity research at Needham & Company, still feels bullish about the back-to-school retail industry.
Two pieces of positive news this morning: 1) Wal-Mart sales better than expected and raising guidance, and 2) Dow Chemicalspacer buying Rohm and Haas. Jobless claims lower than expected is also a help.
By anyone's reckoning, it was a rough week. Crude oil continued its relentless climb; banks and brokerages gave hints of more discouraging news; government data pointed to a weak economy; even strong companies like Nike, Oracle, and Research In Motion issued cautious guidance; and Federal Reserve policymakers, widely perceived as powerless to help, left interest rates unchanged. But all week, even through the worst of the market's sell-offs, CNBC guests offered
With the third quarter just around the corner, Morgan Keegan senior analyst Brad Stephens offered CNBC some ideas about buying retail stocks.
How long can a slow economy mean good times at Wal-Mart? The company is betting that the traffic boost from rebate checks will carry into June and that grocery sales will still be strong in the month ahead. That’s why they’re forecasting sales up between 2-4%.
The original bid for Alitalia by Air France-KLM was based on an oil price of $86 a barrel, according to the Deputy CEO of Air France, in an interview on CNBC Europe. Those talks were shelved a month ago, but at $120 to $130, the Deputy CEO said that Air France-KLM would have to come up with a more "difficult and demanding" business plan.
Stacey Widlitz of Pali Research and Piper Jaffray's Jeff Klinefelter have come up with four "must-have" retail stocks.
If energy and food prices continue to surge, consumers aren't going to be able to keep up, which would have a huge impact on the economy -- and stocks. Still, the market doesn't seem worried.
The Dow achieved modest gains on Thursday despite another new record in crude oil prices. What's the "Word on the Street?
Stocks bounced back from the prior session's slide, led by techs and materials, as techs staged a rebound and materials benefited from higher metal prices. Better-than-expected retail sales also buoyed the market. Financials declined after federal regulators proposed increased oversight of investment banks.
Stocks bounced back Thursday following a sharp drop in jobless claims and better-than-expected monthly sales from Wal-Mart.
As expected, the ECB and the Bank of England left interest rates unchanged; the ECB at 4.0 percent. Futures dipped a bit at 8:50 am ET as Mr. Trichet began talking, giving his usual speech on the importance of combating inflation.
Ahead of same-store sales Thursday, discover 3 stocks being watched closely by options trader Jon Najarian!
Big US retailers are expected to show a slight improvement in April sales on Wednesday, but Wall Street still expects signs of weakness.