Christmas season retail hiring is expected to significantly outpace the level seen in 2013.» Read More
Federal Reserve Chairman Ben Bernanke is back on the hot seat today and Wall Street, meanwhile is sifting through some big earnings reports. What look to be strong earnings from Goldman Sachs improved early sentiment. Goldman Sachs, as expected, handily beat earnings estimates with profits of $2.85 billion, or $6.13 per share, compared to an estimated $4.37 per share. The numbers included $1.71 billion in losses related to leverage loans, which in part was offset by a gain from the sale of wind power company Horizon Energy.
As suspected FedEx beat estimates for their first quarter but lowered full year guidance. Recall that they introduced fiscal 2008 guidance last quarter of $7.00-$7.40, but today lowered it to $6.70-$7.10. CEO Frederick Smith said that the global economy was solid "outside the U.S." but that "financial market volatility and high energy costs" increased uncertainty around the economic outlook.
Two days after Federal Reserve Chairman Ben Bernanke got a vote of confidence from the markets for the Fed's half point rate cut, he and Treasury Secretary Henry Paulson head to Capital Hill for a hearing on the mortgage mess. They appear before the House Financial Services Committee starting at 10 a.m. Thursday.
The positive momentum continues, with 2-1 advancing to declining stocks. Charles Biderman at Trimtabs.com called to say that mutual funds had $10.4 billion in inflows yesterday, the biggest since Jan 4, 2001. That money was put to work today, for the most part.
At the end of every golf and tennis tournament, the champion gets a trophy. Unless it's the grand slams, these trophies don't have any tradition. So it's a clean slate: Do anything you want, but make sure it's something that gets attention for the big sponsor.
Lots of catching up to do on your mail, as I’ve been on the road for the while and haven’t been that good in checking it. The first note comes from Nathaniel Wydra, who wanted to talk about my insistence that a real life player stock exchange couldn’t happen...
FedEx. We have a problem? Tiger Woods, who led the field heading into the Barclay's, the first FedEx Cup tournament, didn't play in it. Now, Phil Mickelson, who just won the second FedEx Cup tournament (the Deutsche Bank Championship) and is now in first place, isn't playing the BMW, the third tournament on the list.
Here's an award worth winning! Cintas, which provides bathroom supplies, announced the winner of this year’s “best restroom” contest. The award goes to Jungle Jim’s International Market, a grocery store outside Cincinnati. Get this. The bathroom entrances appear to be portable toilets. But once inside, they all lead to a jungle themed restroom with flowers...
German mail and logistics group Deutsche Post stuck to its full-year earnings goal despite a 10% rise in second-quarter operating profit, boosted by its DHL express delivery and logistics units.
U.S. Treasury Secretary Henry Paulson said on Thursday the U.S. business tax system creates distortions in the allocation of capital and must be re-examined to boost the competitiveness of American companies.
Paris The Thought: It all starts anew this week. With Ms. Hilton leaving jail, email me with suggestions on how she might effectively rebrand herself. Seeking big money from networks has backfired--especially since she doesn't actually need money. Perhaps she should have said the dough would be donated to programs that help inmates. Yes, it's easy to crack wise (and feel free to!), but, seriously, what should she do now? There's a CNBC coffee mug in it for the most thoughtful reply.
Stocks closed sharply lower as bond yields rose and higher oil prices sent energy shares tumbling. The Dow Jones Industrial Average finished down nearly 150 points. "Some traders feel the price of oil was a factor today," Peter Costa, senior managing director at Lipari Partners, told CNBC.com.
Delivery company FedEx reported quarterly earnings and revenue that rose from a year ago and topped analysts' consensus expectations Wednesday, including a one-time gain.
Stock futures are laying a firm foundation for a higher opening today, as some big earnings dominate the morning headlines. Morgan Stanley stock is climbing after the firm reported a 41% increase in profit.
Will Alcoa be acquired?; FedEx gets downgraded - does the U.S. economy go with it?; Wendy's puts itself up for sale.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
With aerospace companies likely to get a bump from the Paris Air Show and some key earnings reports on deck, there's plenty of action in the market for investors. Here are Cramer's picks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
If you pull up a chair, grab the phone and call Cramer with your top five holdings, he'll let you know if your portfolio is cooking with fire or if it could just get you burned. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Package delivery company FedEx said it agreed to settle a racial discrimination lawsuit against its express unit, FedEx Express, for $53.5 million.
Stocks are searching for a starting point this morning with futures mixed on the first trading day of the second quarter. Merger headlines and weaker oil could be positives. A big focus for the markets today will be ISM manufacturing data, due at 10 a.m. EDT.