Stocks tumbled in the final hour of trading as investors took profits ahead of a government jobs report on Friday, and as energy shares extended losses after crude oil plunged below $100.
The late timing of the Easter holiday helped retailers report April sales that outpaced analysts' estimates, however, there were some signs that consumers are facing increasing pressure from gas prices.
Retailers are expected to get a boost from a late Easter when they report their monthly sales on Thursday. The Thomson Reuters Same-Store Sales Index is expected to post an 8.4 percent increase in April, compared with April 2010's 0.7 percent gain. A rundown of the estimates.
As investors send prices soaring for not only gold, but now also silver, consumers have been unearthing ancient stashes of silverware, teapots and jewelry from long-discarded beaus, and trading them in at pawn shops or selling them on eBay for cash. The New York Times reports.
Ever since the days of the town-square market or the general store, shopping has been a social experience. But more recently, Web sites such as Groupon and LivingSocial have used the phrase “social shopping” and tried to give it a new meaning.
As the Maloof brothers contemplate moving the Kings franchise out of Sacramento and into Anaheim, would they be better off considering other cities as possible NBA destinations?
Although the market has managed to hold on, with oil now at $110, trader Karen Finerman says, "I don't know where the wall is, but we're getting closer to it!"
As retailers gear up to report monthly same-store sales Thursday, analysts are expecting March to be a challenging month with the late arrival of Easter and rising gas prices.
Kevin Ospina is not letting inflation fears get in the way of his spending habits.
Groupon has built a billion dollar business around selling small businesses' daily deals, but its big national deals Gap and Nordstroms that really put the service on the map. Groupon is now teaming up with Lionsgate's to sell tickets to "The Lincoln Lawyer," which opens this weekend.
Cramer pits two retail stocks against each other to determine which is the better investment.
Cramer thinks so. See his interview with this company's CEO.
Stocks ended sharply higher after rallying throughout the session Thursday as an upbeat report on jobless claims and falling oil prices led investors to retrace losses from earlier in the week ahead of a key jobs report on Friday. Caterpillar and Bank of America gained.
Most retailers continue to omit online sales from their monthly same-store sales reports. However, several retailers have begun to include them. This move says a lot about the retail industry as well as about the maturity of the online business.
Stocks rallied more than 1 percent across the board Thursday, fueled by a handful of upbeat economic news and as oil prices declined amid talks of a peace plan in Libya.
Despite storms and rising gasoline prices, many retailers reportedly monthly sales managed to top analysts' estimates, but some warned of a weaker March due the timing of the Easter holiday.
Cash-strapped states combined with the rapid advancement of e-books could spell the end to the public library over the next 10 years.
Inflation jitters in Asia and soaring oil are shaping Thursday's market.
Stocks ended higher Friday, climbing just before the close to cap off the third straight week of gains in the absence of major economic news or earnings.
Nordstrom's decision to acquire online retailer HauteLook is just the latest example of the shake-up that is going in the designer goods market. Fashion designers are scrambling to play catch up with their online strategies now that more luxury customers are demanding it.