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Futures dropped 5 points on disappointing guidance from Wal-Mart. We were expecting a poor December retail sales report, and for the most part it did not disappoint.
In this Web Extra, find out how the traders are gaming the latest retail sales numbers, jobless claims, Obama's economic speech and more!
Call this one Reality Check Part Two: a weaker than expected ADP report, along with disappointing earnings guidance from Time Warner and Intel, a big restructuring from Alcoa, and an 11 percent pullback in oil which pulled commodities and commodity stocks down all weighed on the markets today.
The Dow started the new year with a big jump on Friday as investors looked beyond grim economic data on hopes that a recovery is on the horizon after a disastrous 2008.
The Dow rose in a holiday shortened session on Wednesday after a barrage of economic data signaled the economy was weak, but not as bad as feared...
So you're short on cash this holiday season, but you're not the knitting type. Hey, you don't have to cancel Christmas! DIY isn't just for knit scarves and tins of sugar-dusted prunes, you know. There are thousands of great gifts you can make right from your computer. How about a video scrapbook or an origami peacock? Here are a few ideas to get you clickin' this Christmas.
Brent Wilsey says it's time to go shopping -- for retail stocks. The president of Wilsey Asset Management even has a shopping list. "What's happening is that a lot of estimates have come down a lot from 90 days ago, so people think they're going to come down further," he told CNBC. "A lot of this is built into the stock price already."
Citi's Kimberly Greenberger is looking for a turnaround in retail stocks sometime in the second half of next year. In the meantime, even the best of retailers are struggling.
If you're an avid online shopper, your email inbox is likely stuffed with discount offers as online retailers gear up for what will likely be the busiest shopping day of the holiday season.
As the debt-laden U.S. consumer grows more and more reluctant to spend and Europeans are cutting down on consumption, the world looks to China for salvation. But experts interviewed by CNBC explain why China will not save the global economy from recession.
Oil prices plummeted Friday as concerns increased over energy demand in the slowing global economy. Experts tell CNBC the commodity could fall to $10 a barrel.
Further economic data out of China showed the country was at risk of falling into a deflationary period. Chinese consumer price inflation fell to a 22-month low of 2.4 percent in November, sparking a fresh commitment from the government to take steps to reinvigorate the economy. Experts tell CNBC the country still has attractive prospects.
A tentative deal has been reached between the White House and congressional Democrats regarding a $15 billion proposal for bailing out the U.S. automakers. But CNBC's experts are skeptical on the measures and reckon the markets' positive reaction to the news will be unsustainable.
Oil prices were steady Tuesday, following a 7 percent rally the previous day, on further economic fears as Japan slipped into a deeper recession. GDP data showed the country's economy contracted at an even faster pace than originally estimated during the third quarter. CNBC's experts weigh in on the economic woes.
Global stocks surged Monday with investors taking heart from a likely rescue plan for U.S. automakers and more government stimulus packages to reverse an economic decline. But experts tell CNBC that the slowdown is far from over.
U.S. employers axed payrolls by a shocking 533,000 in November for the weakest performance in 34 years. Experts tell CNBC that the outlook for the economy is grim.
Sweden, Bank of England, and now the ECB have all cut interest rates, the ECB by a record 75 basis points to 2.5 percent. On the U.S. front, there is mostly negative news. Let's see how much of this negative news has been priced into the market.
November retail sales figures will be released later on Thursday. But as analysts revise their forecasts down on concerns of slowing consumer spending due to recessionary woes, experts predict further troubles for the retail sector.
If you think navigating the mall during the holidays is tough, just try trading the retailers.
Sweet deals inspired shoppers to hit the mall this weekend, but it doesn't look like the buying binge was enough to save the holiday season. But what's the outlook for investors beyond that. CNBC talked with two retail analysts to get their take.