The retail collision continued Thursday, with shares of Chico's and Abercrombie sliding in the wake of worse-than-expected quarterly results. » Read More
U.S. retailers posted their best monthly sales performance in February since just before the recession started in 2007, as leaner inventories resulted in more sales at full price. Brian Tunick, managing director and specialty retail analyst at JPMorgan said he sees consumers continuing to make a comeback.
The markets appear to be holding on to their gains, despite a disappointing January New Home Sales report. Once again, traders are awaiting Fed Chairman Ben Bernanke’s semi-annual report on monetary policy in front of the House Financial Services Committee. However, they suspect that his comments will lack new insights.
Stocks opened lower on Thursday as investors shrugged off an encouraging jobless report and news of a bailout for Greece. How should investors be positioned? Maury Fertig, chief investment officer at Relative Value Partners and Ryan Detrick, chief technical strategist at Schaeffer’s Investment Research discussed their market outlooks.
So maybe the snowstorm that struck the Northeast wasn't the Grinch that stole a profitable Christmas away from retailers after all.
Maybe Bernanke really does have some clout: ever since Monday, when Bernanke engaged in unusual jawboning in support of the dollar, the dollar has stabilized and is even in a mild uptrend.
S&P 500 futures drop a few points as October Housing Starts and Permits were a bit below expectations, while the Consumer Price Index was a bit hotter than expected.
The low volume nature of the nearly 8-month old market rally has been an ongoing concern, but now the absence of institutional players could be an issue.
Stocks fell for a second day Thursday after the Federal Reserve announced plans to start unwinding some stimulus measures and a report showed existing-home sales fell last month.
Stocks retreated Thursday after the Federal Reserve announced plans to start unwinding some stimulus measures and a report showed existing-home sales fell last month.
An opening pop fizzled Thursday after the Federal Reserve announced plans to start unwinding some stimulus measures and a report showed existing-home sales fell last month. Stocks had opened higher after a report showed an unexpected drop in jobless claims last week.
There were four REIT IPOs scheduled to price this week and next, all designed to pick at the carcasses of commercial and residential properties, most of it on the mortgage side. So far, only two have priced, both of those a day late, and both raised half what they anticipated.
Following are the day’s biggest winners and losers. Find out why shares of Boeing and Burger King popped while Manitowoc and Staples dropped.
Bernanke trumps China. Mr. Bernanke's reappointment for a second term certainly trumps the 2.6 percent decline in the Shanghai Index. China's drop barely elicited a shrug from traders, since the Shanghai Index had risen 7.5 percent in the prior 3 sessions and other global markets have been on either side of a 1 percent rise or decline this morning.
Wal-Mart Stores, which accounts for some 15 percent of the retail industry sales, has stopped reporting its same-store sales on a monthly basis. The result is an empty feeling that we're somehow missing part of the retail picture.
Stocks finished near session lows Wednesday as rising bond yields on government debt raised concern that borrowing costs are going to start going up and tamp down the economic recovery.
Olympic swimmer Michael Phelps won't be doing another deal with Kellogg's after the company said yesterday they weren't going to renew their deal with him. But, don't worry, it appears like Phelps' mother Debbie is unscathed at this time.
Many retailers saw weak sales as consumer spending largely dried up after the holiday season.
U.S. retail chains may report some of their worst monthly sales results this week as the global financial crisis leaves its mark on ordinary consumers, casting new doubt on holiday season sales.
The issues are: 1) forced selling & redemptions in the last hour 2) continuing uncertainty in credit markets
Following are the day’s biggest winners and losers. Find out why shares of American Eagle and Chico’s popped while Caterpillar and American Express dropped.