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Stocks closed lower Thursday, continuing a losing streak amid light volume and continued worries over the state of the economy. Cisco skidded, Verizon rose.
Stocks continued a losing streak Thursday heading into the close, amid light volume and continued worries over the state of the economy triggered by the latest batch of economic data and comments from Cisco that customers are hestitant about a recovery. Cisco skidded, Verizon rose.
Stocks ended modestly lower after an unexpected rise in initial jobless claims and disappointing July retail sales, as the market awaited the critical July employment report.
Stocks were weak Thursday after an unexpected rise in initial jobless claims and July retail sales that were mostly weak.
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
Investors can’t wait to get their hands on the latest retail numbers to gauge the health of the consumer and by proxy the rally.
The latest reads on consumer confidence and personal spending have provided little encouragement that shoppers are starting to spend again. However, July marks the start of back-to-school shopping, and since parents have to buy clothing for their growing children, it may give a much-needed boost to retail sales.
Back-to-school fashion is getting a makeover as more school districts adopt uniform dress codes.
Stocks extended their winning streak for a third straight session Thursday, helped by a late round of buying in consumer staples and materials. Bank and tech stocks remained the day's weakest links.
Stocks struggled to hold their gains Thursday as declines in bank and chipmaker shares offset gains by some retailers and improvement in new claims for unemployment benefits.
The future of the retail sector is scary, according to David Berman, because you are not seeing very good same store sales. It could turn negative come the fall.
With stocks paring early gains, are key technical levels more likely to provide support or resistance?
Stocks pulled back from a morning rally as declines in bank and chipmaker shares offset gains by some retailers and improvement in new claims for unemployment benefits.
Warm weather and sales tied to the Memorial Day and Father's Day holidays helped drive shoppers to stores in June, but the heavy discounting may have hurt retail profits.
S&P 500 futures moved up a couple points as initial jobless claims were slightly lower than expected, as was the continuing claims number.
Predictions are skewing positive, so how should you game retail ahead of the all-important same-store sales figures?
Stocks pulled off a gain Tuesday after a late rally as investors scooped up some bargains. Energy, techs and financials gained, while retail stocks were one of the weakest links after a downgrade on the sector.
At the end of the quarter, many portfolio managers look to wash their hands of losers and start anew. This is an opportunity for you. In spite of all our economic troubles, all of those stocks resting at 52-week lows are not as bad as their stock prices would suggest.
There are increasing signs that the consumer may be becoming more skittish and starting to dig in and hunker down again.
Stocks fell sharply as selling accelerated in the final hour of trading Thursday. Worries about a double-dip recession, financial reform and Greece weighed on the market.