The Federal Reserve is scheduled to write rules for debit card fees in April, and lobbyists for merchants and the banking industry are determined to sway the outcome, the New York Times reports.
China may be the world’s biggest- and fastest-growing consumer market, but a handful of overseas retailers have continued to struggle in the market.
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 Barbie concept store in Shanghai Mattel’s decision to shut its flagship store in Shanghai follows failures by other U.S. retailers in China including Home Depot and Best Buy. The FT reports.
Just because prices are going up doesn't mean your portfolio has to suffer. An inflationary environment may be difficult for a lot of companies, but there are some names that appear poised to profit.
Sears is a mess, but in his annual letter to shareholders today, Chairman Eddie Lampert compared the company with Apple.
Stocks ended lower Wednesday, extending losses from the previous session, as oil briefly crossed the $100 mark and investors continued to worry over over the political unrest in Libya.
Stocks were under pressure Wednesday, extending the previous day's sharp losses, as oil briefly crossed the $100 mark and investors remained jittery over the political unrest in Libya.
Stocks continued to slide lower for a second session Wednesday, extending the previous day's sharp losses, as investors digested a handful of weak earnings and remained jittery over the political turmoil in Libya.
Singapore's January CPI grew 5.5 percent year-over-year, its greatest jump since December 2008. The country's statistics agency cited higher car, fuel, housing and food costs for most of the increase. Singapore's Straits Times index is now down over 9 percent from its November high.
Stock index futures pointed to a slight rebound for Wall Street on Wednesday after stocks tumbled in the previous session amid growing concern over the political turmoil in Libya, where Moammar Gaddafi vowed to crush the revolution.
What follows is a roundup of corporate earnings reports for Tuesday, Feb. 22.
Stocks tumbled as the unrest in Libya—and the cut-off in Libyan oil supplies—sent oil prices soaring and gave skittish investors a reason to sell stocks in a market that had climbed to multi-year highs. Alcoa and JPMorgan fell, while Kraft gained.
Stocks held steep losses into the close as the unrest in Libya sent oil prices soaring and gave skittish investors a reason to sell stocks in a market that had climbed to multi-year highs. Alcoa and Bank of America fell, hwile Kraft rose.
Plus, get Cramer's calls on Goldcorp, Aecom Technology and Home Depot.
Here's why you should keep a close eye on these six stocks.
The unrest in Libya is boosting energy prices: oil up about 7 percent, heating oil up 4.2 percent, gasoline up 3.8 percent. Saudi Arabia will not allow any supply disruptions from the Middle East to impact global supplies of oil, the country's oil minister told CNBC, though that is scant reassurance. Also: Wal-Mart, Home Depot and Macy's.
Stock index futures pointed to a lower open for Wall Street Tuesday as mounting violence in Libya prompted investors to cash in recent gains and take a more cautious stance after the President’s holiday on Monday.
The S&P is now up 6.8 percent for the year, and analysts and traders keep watching for the pullback that just doesn't seem to come. Turmoil in the Middle East, recurring sovereign debt concerns in Europe and now the idea of inflation all hang over markets.
Stocks ended higher Friday, climbing just before the close to cap off the third straight week of gains in the absence of major economic news or earnings.