The acquisition of Ann Taylor parent Ann Inc. could spur activity among other apparel retailers, Jefferies analyst Randal Konik said.» Read More
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.
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. This company was born from Mexican folk art and cotton sweaters and has since become a favorite of a certain Olympic swimmer’s mom, who even has a collection named after her. The stock had a gold medal day today, after the retailer posted higher earnings despite the consumer slowdown. Who is it?
With everyone buzzing on the business of Michael Phelps, I had to invite Phelps' agent Peter Carlisle of Octagon on "Squawk Box" again this morning to talk about his client.
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.
Retailers, including Wal-Mart Stores, are posting solid same-store sales growth in June, as expected, as seasonal weather and tax rebate checks helped get consumers to the store.
U.S. retailers, led by the discounters, are expected to post slightly better June same- store sales this week, thanks to seasonal weather and rebate checks that have made their way to cash registers, mostly for basic items such as gasoline and food.
Following are the day’s biggest winners and losers. Find out why shares of Honeywell and DreamWorks popped while Washington Mutual and VMware dropped.
If the jobs report and other data confirm the past week's decent numbers and if oil doesn't throw a wrench in the works, stocks could start June on a strong note.
Nearly 2.1 billion shares and $34 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...