Water restrictions due to the drought are hurting the once booming sod business in California.» Read More
Lowe's said Monday its second-quarter profit fell nearly 8 percent, but managed to top Wall Street expectations as the home improvement chain benefited from green thumbs repairing last year's drought-stricken gardens, tight expense controls and better-than-expected sales.
The Shanghai Composite dropped another 5 percent today, to a new low, but they are not the only ones. Hong Kong, Singapore and Malaysia are also at new lows. The dollar is down for the first time in 11 days. Also: Lowe's, Lehman and bank M&A.
How should you play Lowe's and Home Depot with both retailers reporting earnings early next week?
Warren Buffett's Berkshire Hathaway has added a new stake in NRG Energy, according to a just-released portfolio 'snapshot' of its holdings in U.S. publicly-traded stocks as of June 30. A sharply reduced stake in Anheuser-Busch may have been a bet that InBev's initially unsolicited offer for the U.S. brewer would prove to be unsuccessful. Conoco-Phillips data is kept "confidential."
As stocks slid following July's weak retail sales report, CNBC asked the experts where to invest now.
In the grip of a bear market, in the throes of recession, what's the best course of action for an investor? Morningstar's Bill Bergman says it's the best time to buy.
It's not quite the Olympics, but retail earnings this week could also be pretty exciting. Here's why...
Stocks have rallied just after 1 pm ET as oil broke through the lows of yesterday ($132). Oil is now down 11 percent from its intraday high last Friday. The overall market rallied, but in particular consumer discretionary stocks (retailers, autos, home builders) rallied. Good examples:
So word is that NASCAR driver Tony Stewart is leaving Gibbs Racing and moving to Haas Racing, where he will be part owner. The NASCAR community is buzzing that Stewart would go from a "have" team to a relative "have not." You know what I'm buzzing about?
Until these companies start closing down stores, Cramer says sell, sell, sell.
Retailer Sears Holdings reported an unexpected first-quarter loss Thursday as sales fell at its Kmart and Sears stores and markdowns hurt margins, sending its shares down about 4 percent before the opening bell.
Shares of home improvement retailers Home Depot and Lowe's are good long-term bets given an eventual recovery in the U.S. housing market, an article in the May 26 edition of Barron's said.
Stocks finished near session lows as oil prices soared and a measure of wholesale inflation surged, sparking worries that the Federal Reserve will start focusing on rising prices rather than slowing growth.
Just when it looked like stocks were about to break through a wall, they appear to have slipped on a road covered with oil.
Stocks tumbled Tuesday as oil prices blew past $129 a barrel and a measure of wholesale inflation surged, sparking worries that the Federal Reserve will start focusing on rising prices rather than slowing growth.
The retail issues are not surprising; we heard Lowe's talking cautiously yesterday, now Home Depot is guiding toward the low end of its previous guidance. Bottom line: the retail turnaround is less certain, and further out.
Home Depot said quarterly profit fell 66 percent as the U.S. housing meltdown hurt sales and it took a charge to close stores and curb expansion plans.
Stocks tumbled Tuesday after a measure of wholesale inflation rose more than expected, sparking worries that the Federal Reserve will start focusing on rising prices rather than slowing growth.
Futures dropped a bit as core PPI for April was a stronger than expected. Elsewhere: 1) Home Depot beat estimates, reporting earnings of $0.41 (14 percent below last year's $0.48), vs. consensus estimates of $0.37. Despite the apparent beat, the stock is down 3 percent:
The S&P and Dow eked out gains Monday as record oil prices boosted energy shares, but the Nasdaq slipped after a chipmaker's warning. What's the "Word on the Street?"