Target will hire 70,000 seasonal workers this holiday, Wal-Mart 60,000 and J.C. Penney 35,000.» Read More
Stock were set for another negative open Friday, following a roller-coaster session for the major indexes on Thursday that saw the Dow swing more than 900 points from low to high.
Thursday's wild action could draw some buyers into the stock market Friday. But traders warn it could be another volatile day, and there will certainly be investors who use Thursday's gains to take profits.
Holiday advertising from a lengthening list of retailers will reflect the cautious mood among consumers as data indicate spending is slowing and store revenue is falling, the New York Times reports.
Too bad that's exactly what most CEOs did, and now they're paying for it.
Following are the day’s biggest winners and losers. Find out why shares of PetroChina and Freeport McMoRan popped while Legg Mason and Google dropped.
Like anxious relatives in a hospital room, investors have been watching the economy get sicker and sicker with new symptoms surfacing daily.
For the week, the major industries saw uniform declines: Dow Industrials down 4.1 percent, S&P 500 down 3.9 percent, NASDAQ down 4.3 percent. However, financials were down 8.1 percent, while consumer staples were down only 1.2 percent.
Retailers are reporting some of the weakest sales in more than a decade as consumer spending dried up in October amid the uncertainty brought on by the financial crisis and mounting layoffs.
Last week, analysts finally woke up and began aggressively cutting same store sales. As always, they have been late and the stock market has moved ahead of them.
Lower gas prices could provide a lift to what are otherwise predicted to be dismal U.S. holiday sales, but experts say it will take some time for consumers to feel confident enough about the troubled economy to resume spending.
U.S. retail chains may report some of their worst monthly sales results this week as the global financial crisis leaves its mark on ordinary consumers, casting new doubt on holiday season sales.
Take off that Sarah Palin mask and get your shop on because retailers are desperate this year and they've rolled out some hefty sales before the first little pirate or princess even hits the doorbell.
We are entering a period of poor economic data, even poorer than the previous months, as evidenced by the retail sales data today.
Stock traders for the first time are openly asserting that a bottom has been put in. Concerns about global bank failures and meltdowns are receding as global finance ministers are now coordinating their efforts.
Late in the day Treasury Secretary Paulson did disappoint traders by saying it would take several weeks before Treasury would buy assets, but he also mentioned the powers to inject capital into financial institutions that the Treasury now has.
Stocks closed lower after swinging wildly all day as a coordinated global rate cut failed to reassure investors.
Due to the Yom Kippur holiday tomorrow, a number of retailers are reporting September same store sales a day early. In general, discounters (ex-Target) outperformed, so Wal-Mart, Costco BJ, and Fred's all did fairly well.
After closing at 1029, S&P Futures traded as low as 962 until the early morning, then rallied to as high as 1043 when the coordinated rate cut of half a point was announced, then moved all the way back down.
U.S. stock index futures turned positive after coordinated action to cut rates across the globe to fight the danger of the world economy being hit by a depression.