With the calendar careening toward Christmas retail will be top of mind next week. What will Cramer be watching?» Read More
JC Penney's November same-store sales jumped 10.1 percent. Jan Kniffen, Worldwide Enterprises CEO says the retailer had to show double digit comps for people not to be disappointed. CNBC's Herb Greenberg, weighs in.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the company, Bloomberg reported on Wednesday.
Rick Snyder, Maxim Group senior retail analyst, discusses the struggles for JC Penney, and what can be done to turn the department store around. "The JCP recovery cannot happen" without increased traffic, Snyder adds.
Taper anxiety is feeding a sell-off that some argue should be embraced. Stocks dropped at the opening bell, with the 10-year spiking.
*J.C. Penney jumps after November sales. NEW YORK, Dec 4- U.S. stock index futures were little changed on Wednesday, ahead of a flurry of economic data, including a report on the labor market. "Markets are holding steady ahead of major economic data today, there's a lot of it," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.
Some of the names on the move ahead of the open.
*J.C. Penney jumps after November sales. NEW YORK, Dec 4- U.S. stock index futures were little changed on Wednesday, ahead of a flurry of economic data, including a report on the labor market. *Investors will eye the November employment report from Automatic Data Processing at 8:15 a.m. EST for clues on hiring ahead of Friday's key payrolls report.
Dec 3- J.C. Penney Co Inc said on Tuesday that comparable-store sales rose in November for the second straight month, as its aggressive discounts and the return of some in-house brands brought back shoppers at the start of the holiday quarter.
Companies are making headlines after the bell Tuesday:
William Ackman's flagship Pershing Square fund posted gains in November and the year, even as Herbalife lost more money.
BOSTON, Dec 3- Hedge fund manager William Ackman posted fresh gains in November even as his big short position on Herbalife lost more money, leaving his fund with double-digit returns for the year.
U.S. online sales are expected to hit $2 billion on "Cyber Monday," for the first time since comScore has been tracking such information.
NEW YORK, Dec 2- U.S. online sales are expected to hit $2 billion on "Cyber Monday," for the first time since the data firm comScore began tracking such information.
A strong sell bias continues among company insiders across the market, as stocks breach trough historic levels.
Herb Greenberg, TheStreet.com columnist, says it is time to move on from JC Penney. Greenberg also weighs in on Tempur Sealy and Deckers.
Wal-Mart Stores Inc, Target Corp, Toys R Us, Macy's Inc, J.C. Penney Co Inc and Best Buy Co Inc were among the brick-and-mortar chains that started their online deals early. "All of them are behind Amazon, but some are starting to catch up," said Edward Jones analyst Brian Yarbrough.
To compete with each other and powerhouse Amazon.com Inc, many U.S. retailers began offering some of the season's best online deals, which were traditionally reserved for the Monday after Thanksgiving, several days ago.
This year has shaped up to be an epic year for stocks. Here are the five most interesting stock stories on CNBC anchor Brian Sullivan's radar.
NEW YORK, Dec 1- Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent almost 3 percent less than they did a year earlier, according to data released Sunday by an industry group.
NEW YORK, Dec 1- Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent less than they did a year earlier, according to data released Sunday by an industry group.