CNBC's Scott Wapner reports the SEC sent a letter to J.C. Penny seeking an explanation of the retailers financial situation. The controversy surrounds the belief that J.C. Penney CEO Mike Ullman mislead investors about the company's need to raise capital.» Read More
Commercial rents have fallen about 20 to 30 percent around the US, and paired with bargain-seeking consumers, discount retailers can now afford stores in lucrative spots of major metropolitan areas, where they couldn't previously afford the rent.
Are the dog days of August ahead? Stocks pulled back from their highs of the week, with the S&P 500 off 0.85%, the Dow sliding 0.82% and the Nasdaq down 1.19%.
Stocks skidded Friday after a disappointing report on consumer prices and as consumers' mood took a turn for the worse. The Dow finished down about 50 points on the week, snapping a four-week winning streak.That snapped the markets four-week winning streak:
The sentiment is that the markets are due for a pullback, but is this your next buying opportunity?
Several retailers --JC Penney for example -- are modestly raising 2009 earnings estimates. So why aren't the stocks up today?
Futures pointed to a lower open on Wall Street Friday after a report showed consumer prices posted their biggest year-over-year decline since 1950.
Thursday's market activity was headlined by bad news, but rose despite a jump in jobless claims, a dip in retail sales and a new report showing a 7% increase in foreclosures.
The economy's bumpy progress is giving the stock market more reason to pause, but the bulls are hanging on for the time being.
Plus, get calls on the banks, retail and more.
Plenty more retail earnings and commentary ahead. Just don't expect a lot of gushy, positive comments--there's little incentive to do so.
The markets are marginally higher during intraday trading, despite a jump in jobless claims, a dip in retail sales and a new report showing a 7% increase in foreclosures.
The Mad Money host says we should feel confident in this recovery. Here’s why.
Wall Street's bull could take a breather in the week ahead, but the trend for stocks remains higher, for now.
Also, Cramer reiterates why you should be a buyer of Citigroup before Sept 10th.
Retailers are managing their business better, even though consumers are still conserving cash— and investors are taking notice.
Cramer says that now is the time to buy “insurance” for your portfolio in the form of gold stocks.
Retailers reported disappointing sales in July, a sign that consumers are continuing to watch their spending carefully and hunting for the best bargains.
The hope is that we will see some back to school lift, but Labor Day is the latest possible date this year. There are a lot of tax-free holidays in August, particularly in the South, that may help.
Analysts are expecting a late start to the back-to-school shopping season, and that means that retail sales reports for July, which are due out Thursday morning, will likely be weak.
Plus, Cramer makes the call on retail, commodities, video games and more.