It might be unfathomable to people who bear scars from inflation in the 1970s, but what the global economy could use is a dose of higher prices.» Read More
Attention holiday shoppers: Waiting until the last minute may land you a few deals, but you may not find the gift you're looking for.
Shoppers across America have millions of gift cards tucked away in envelopes, drawers and wallets. And some of the nation's largest retailers are profiting as a result.
The unseasonably warm weather in much of the nation may curb apparel sales this holiday season--which might be a good thing for merchants that don't sell clothes.
There is a big, giant bullseye painted in bright red over the entire retail sector. Private equity firms are sniffing around targets like the Gap (which, according to Women's Wear Daily, may have a bidder in Eddie Lampert), Barnes and Noble, and Home Depot.
Stocks closed slightly higher after giving back big gains from an early session surge.
Best Buy had disappointing results yesterday; the company pointed to competitive pressures. Prudential believes that retail pricing for flat panel TVs has begun to erode. They downgrade both Best Buy and Circuit City today. The title of the report: "If the company can't earning high profits on flat panel TVs now, when will it be able to?"
U.S. stocks are taxiing towards a slightly higher opening today as airline takeover activity is set to give the transports a lift. Retail sales data for November could also give the market some direction and provide further clues to the consumer this holiday season. MERGERS AT THE GATE: Our Phil Lebeau is reporting on takeover talks...
Stocks closed lower amid muted reaction to the Federal Reserve's decision to leave interest rates unchanged.
The U.S. stock market pared some of its early session losses, but still finished in the red after the Fed decided to keep its benchmark rate at 5.25% for the fourth time in a row. While the decision did not do much to move stocks, it did note a “substantial cooling in the housing market.” That should keep investors on their toes as we head into the new year.
The Dow is sharply lower--even as investors appear to be waiting for the afternoon news from the Federal Reserve on interest rates before making trades. A few stocks --are moving. Melissa Lee took a closer look at today’s large cap trading; she’s CNBC’s “Eye on the Floor.”
Best Buy reported lower-than-expected quarterly profit as the consumer electronics retailer slashed prices on flat-panel TVs in an effort to boost sales at the start of the holiday shopping season.
It's a big day for the Federal Reserve as they hold their last meeting of the year. Their statement comes out around 2:15 p.m. ET--but we'll have outlooks from analysts before then. And we'll have reaction to what they do. Among the scheduled guests for post Fed statement release: Bill Gross from Pimco. He'll be on "Street Signs."
U.S. stocks continued their year-end rally, making slight gains today as investors await tomorrow’s Fed meeting – the last of the year. While a change is not expected tomorrow, the meeting could provide hints of the Fed’s intentions for the coming year.
There will be plenty of news for investors to digest with several Dow heavyweights, including General Electric, Procter & Gamble, and Hewlett-Packard, all hosting analyst meetings this week.
Investors will get a first look at whether early strong holiday sales for electronics are translating into higher profits when Best Buy reports its quarterly results next week.
After being out of vogue for years, department stores are making a big comeback this holiday season.
Nearly half of holiday shoppers are expected to spend the same amount as they did last season, according to a new CNBC poll.
There’s plenty of time to shop for Christmas… right? Maybe not. CNBC's Darren Rovell had a caveat for procrastinators: "If you did not get your flat-screen TV over the [Thanksgiving] weekend," he warned, "you’re in trouble."
The National Retail Federation’s Holiday Consumer Intentions & Actions survey says “the popularity of gift cards has increased at a remarkable rate, “ and will hit another record level this year, thanks partly to personalization options now available from many retailers.
Electronics won the week-end as the hot ticket this holiday season--at least most of them. CNBC's Darren Rovell reports from a Best Buy outlet store in Paramus, New Jersey--on what's ringing the cash registers.