Gap to end on-call scheduling by September.» Read More
Poor weather in early May and a still cautious consumer translated into a mixed bag for retailers in May, underscoring the fragile state of the economic recovery at this stage.
What follows is a roundup of corporate earnings reports for Wednesday, May19.
The financial sector will be at the crux of market worries Wednesday, as the U.S. Senate moves closer to a vote on banking reform and German regulators explain their surprise move to ban naked short-selling on a group of bank stocks and sovereign debt.
Stocks closing near highs for the day. The key story: the correlation between a weak euro/weak equities has been broken. There is now a positive correlation between the dollar (up) and the stock market (also up)—what's up with that?
Cramer makes the call on viewers' favorite stocks.
The latest batch of economic reports is providing fresh evidence that consumers are starting to spend again, and the buzz is "a lot better" at an annual retail investors conference in New York, said Dana Telsey, CEO and Chief Research Officer of Telsey Advisory Group, which runs the conference.
The Dow managed to close above 11,000 after some late-session turbulence but 1,200 proved just out of reach for the S&P.
Warm weather, an early Easter and a more confident consumer appear to have boosted retail sales in March, with many of the retailers who have reported results so far topping analysts' estimates.
Stocks picked up again in the final hour of trading after the Federal Reserve said it would continue to keep interest rates low for "an extended period."
Stock futures Tuesday were a couple points higher ahead of the Fed meeting. An informal survey of stock traders indicate that no one is expecting a dramatic change in wording or rates. Most feel that unemployment will stay in the 9 percent range, that inflation will remain in the 1 to (at most) 2 percent range in 2010, and that none of this warrants rate increases before late in the year.
Stock index futures remained true to recent form before the bell Tuesday, little changed compared with fair value ahead of the Federal Reserve's decision on interest rates later in the day.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Another strong round of retail sales came in this morning, with broad gains across the board in February despite wintry weather throughout much of the Midwest and East Coast.
U.S. retailers posted their best monthly sales performance in February since just before the recession started in 2007, as leaner inventories resulted in more sales at full price. Brian Tunick, managing director and specialty retail analyst at JPMorgan said he sees consumers continuing to make a comeback.
Greece will sell about 5 billion euros of 10 year bonds (at about a 6.3 percent yield) — it is well oversubscribed. They need to refinance up to 23 billion euros of maturing debt coming in the Apr/May time frame. 2. Retail sales for February have topped expectations. 3. Wal-Mart increased its dividend to $1.21 from $1.09 per year. Over 60 companies in the S&P 500 have increased their dividend since the start of the year. 4. A bankruptcy judge gave the management of General Growth Properties won a four month extension to keep control of the bankruptcy restructuring.
Expectations very low for February, given the huge snowstorms in the Northeast. But analysts who actually bother to call around to the stores (there's still a few who do real research) are generally reporting that sales are a bit better than exepected.
Find out why shares of Limited and Iridium popped while GameStop and Tenaris dropped. How should you trade the moves?
Even though investors get another dose of Fed Chairman Ben Bernanke in Washington, D.C., the problems in Greece have crept back to the forefront of investor concerns. The issue today is whether the country can cut the budget enough to help the situation. And the big deal on Wall Street involves Coca-Cola and Coca-Cola Enterprises.
What follows is a roundup of corporate earnings reports for Wednesday, Feb. 24.
Valentine's day is less than one week away. While historically, the U.S. major indexes have not shown much love on Valentine's Day nor the week after, there are stocks that may benefit on this day of friendship and love...