Consumers slacked off on the final holiday shopping days, suggesting traditional retailers will just meet sales forecasts amid deep discounts.» Read More
What can be expected as earnings season begins for the retailers? It was a rough start, with lower-than-expected numbers released yesterday. But with the downward movement of oil and the strengthening US dollar, retail may see an upswing.
Stocks rallied Friday as a more than $4 a barrel drop in oil prices offset the drag of Fannie Mae's earnings miss. It's going to be the same story next week: Energy prices. Even if there are disappointments in CPI or Wal-Mart's earnings, investors are expected to overlook them as the drop in gas prices puts more money in consumers' pockets.
Today's government data showed pending home sales on the rise. Does this indicate that housing is finally bottoming? The numbers were up 5.3%, edging street expectations by 1%.
Foreign companies are buying American companies and the CEO of Home Depot comments on the economy. Following are today's top videos:
Home Depot wouldn't exist if it had to be started in today's economic and regulatory climate, two founders of the national home-improvement chain told CNBC Tuesday.
CNBC asked the smartest people in the room for their thoughts on the markets and the economy.
So word is that NASCAR driver Tony Stewart is leaving Gibbs Racing and moving to Haas Racing, where he will be part owner. The NASCAR community is buzzing that Stewart would go from a "have" team to a relative "have not." You know what I'm buzzing about?
Until these companies start closing down stores, Cramer says sell, sell, sell.
GM's shares have plummeted to less than $12, the lowest level since 1955. That means the world's largest auto maker has a stock market value of only about $7 billion.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Home Depot, the nation’s second-largest retailer, will announce on Tuesday that it will take back old compact fluorescents in all 1,973 of its stores in the United States, creating the nation’s most widespread recycling program for the bulbs.
It was a low volatility, low volume day, but regardless: there was a lot of damage done.
The future of this renewable energy source is bright, especially since it's expected to be cost-competitive within five years. And the US is well-positioned to benefit.
Not only did BB&T rally into positive territory (it was down almost 10 percent), but other regional banks like Suntrust also rallied modestly. Why? Because shorts keep pressing these names under the theory that many will follow KeyCorp and Fifth Third and cut the dividend;
So there’s a bit of a blurb in the Wall Street Journal today about billionaire hedge-fund manager Edward Lampert and his ESL Investments Inc. buying into a few home builders (Centex and KB Home) as well as a few mortgage lenders (PHH and CIT) and Home Depot just to boot.
Cramer makes the call on viewers' favorite stocks.
Chrysler Chief Executive Robert Nardelli said Tuesday that the private equity buyers of auto maker Chrysler weren't second guessing their decision to buy Chrysler, and that the business was ahead of target.
For the first time in a long time, it looked as if oil was going to stay out of the market headlines. No such luck.
Following are the day’s biggest winners and losers. Find out why shares of Home Depot and Anheuser-Busch popped while Smithfield Foods and Vail Resorts dropped.
Stocks rallied, with the Dow ending just shy of its session high, after an unexpected drop in jobless claims and solid sales reports from some retailers including Wal-Mart. A credit-rating downgrade on bond insurers spurred a quick dip but stocks quickly bounced back. Oil closed near $128 a barrel.