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Last year Chinese consumers bought $9 billion of luxury items, the 2nd highest in the world. Overall, retail sales there soared 18 percent and firms like Apple and YUM generated billions in revenue. Nike earned around $800 million in profits there in 2010 on nearly $2 billion in revenue.
The dollar's dominance in the world will diminish, due to increased pressure from emerging markets to slow their economies over the next 18 months, Ray Dalio, founder & CIO of Bridgewater Associates told CNBC.
Expect to see billowy silhouettes, ethnic prints, '40s and '70s looks, longer hemlines and utilitarian-style outerwear when you shop for clothes this fall. That was the word from merchants ranging from mid-range department store Macy’s to tony Saks Fifth Avenue and online marketplace eBay, summing up the key themes that emerged during Fashion Week earlier this month.
On a day that saw red across the major U.S. indices, none was harder hit than the Nasdaq and it's no surprise tech high-flyers were among the biggest causalities.
Welcome back, New York Knicks, you're the hottest ticket in town again, thanks to the acquisition of Carmelo Anthony.
So far in 2011, 303 companies, or about 61 percent of the S&P 500 index components reached a new 52-week high. Here is a look at the top ten stocks in each of the top three sectors.
Some simple software lets just about anyone sitting next to you at your local coffee shop watch you browse the Web and even assume your identity online. Te New York Times reports.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now! Also who hijacked the world's oil markets?
What must you know about PayPal before you place bets on eBay? Find out from PayPal President Scott Thompson!
Stocks ended mixed with the Dow snapping an eight-day winning streak as weak tech earnings weighed on the market. But hopes for a possible resolution to the political unrest in Egypt lifted equities off their intraday lows.
Stocks remained moderately lower Thursday, but hopes for a possible resolution in Egypt to the political unrest helped equities pare earlier losses.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now! Also Dennis Gartman's best Canada plays and Bob Pisani on ETFs.
The horrible weather week that was called by Dallas meteorologists as the worst week in 15 years definitely put a smacking on the Super Bowl economy.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now! Also the latest on the euro.
Fast Money’s Brian Kelly focuses on the new technology turning Apple iPhones into money machines.
As demand for technology rises in the larger emerging markets, U.S.-based companies will find both more opportunities and competition for their products overseas.
Stocks closed mixed as strong results out of General Electric gave a lift to the broader market, while weakness among technology stocks, despite some stellar earnings reports, dragged down the Nasdaq. GE and AmEx rose, while BofA fell.
Stocks continued to trade mixed as strong results out of General Electric gave a lift to the broader market, while weakness among technology stocks, despite some stellar earnings reports, dragged down the Nasdaq. GE and Disney rose, while BofA fell.
Overall the general equity market is "significantly underpriced," legendary value investor Marvin Schwartz, managing director and senior portfolio manager at Neuberger Berman, told CNBC Friday. "The consensus for this year is $96 dollars a share in the S&P 500 and for next year there's a growing consensus of $105, $106 dollars," Schwartz said.
Stocks closed far off the lows of the session, with the broad market ending largely flat, as investors weighed mixed earnings and economic reports and tech stocks sank for a second day.