The CDC says the number of people affected by an E.coli outbreak linked to Costco chicken salad will likely grow.» Read More
Costco Wholesale, the biggest U.S. warehouse club operator, said Thursday its quarterly profit jumped 32 percent, beating expectations, as shoppers flocked to its stores for discounts on food and gasoline.
Stocks turned higher, pushed upward by credit card companies despite some less-than-stellar economic reports and news that oil supplies took a dramatic and unexpected slide.
They cut their ratings on Marriott, and reduce the price target to $40 from $47. Marriott closed at $34.14. They go further: "...we do not recommend putting new money into lodging with the exception of stocks with unique catalysts."
The Dow ended higher Tuesday led by technology companies as a sharp drop in crude oil prices rekindled hopes of increased consumer and business spending on tech gear...
Oil prices will continue to roil the stock market this week as the summer driving season officially kicks off and as more companies feel the pinch of higher energy prices on their profit margins.
Most business news this week took a back seat to oil's relentless climb, but there were still some notable moments. And CNBC guests had plenty of stocks to recommend for worried investors.
In Friday's Web Extra, the traders reveal how they're trading Coscto earnings, Dell's upgrade and more in the week ahead.
Driving around Southern California’s Ventura and Los Angeles counties, we saw many of those boarded up stores or “for lease” signs in small businesses. In Oxnard, California the local retail organization told me that these areas are getting “redeveloped” but store owners were much less optimistic.
Five-star fund manager Neil Hennessy sees oil riding a bubble that will eventually burst. But for the investor right now the only alternative is to go with value, he says. See his Web EXCLUSIVE picks!
Oil suffocates any chance of stock gains and the Fed minutes further the declines. Also, playing the airlines as a proxy for oil and Dick Bove on summer for the financials.
Sell in May and go away? Or will summer fun in the sun lead you to some sizzling summer trades?
Freddie Mac's earnings may hold the answer, Cramer says.
We have all had some miserable customer service experiences and as we sit on hold or try to navigate through yet another voice response system, we wonder how can these companies get away with this. In fact, a 2006 Harris Interactive Poll showed 40% of us would rather go to the dentist than deal with poor customer service. My most recent mind numbing experience with my phone company, Verizon, made me wonder if there is a way to translate this into investing opportunities. Here is what I found...
In this tough retail environment, the only trade is best of breed.
Wake up early on Tuesday and catch fresh numbers from the retail giant. See what it takes to move a stock up 22% since the beginning of the year... and whether or not Wal-Mart can keep it up.
Some of the worst stocks are up Monday despite bad news. Are any of them worth buying?
For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08.
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 relentless upward march of oil prices dominated the business headlines through the week, but there were other developments to inspire the traders, analysts, and fund managers who offered their suggestions to investors on CNBC.
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.