Lowe's is halting sales of some of its Chinese-made laminate flooring "out of an abundance of caution" as it may have issues with formaldehyde.» Read More
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?"
Stocks finished mixed as an early rally fizzled and weakness crept into techs, retail and housing.
Last week, Wal-Mart showed it can make money in the current economic environment. This week, the worry is Home Depot won't be able to deliver. Can Home Depot break ranks with rival Lowe's and improve its guidance? Sure, but don't hold your breath.
Stocks advanced Monday as an uptick in leading indicators offered investors a modest confirmation of the optimism they've been trading on.