Be it grocery shopping, housekeeping, or the hunt for shoes, full-time workers are willing to spend more on outsourcing errands, so they can work longer. According to the International Concierge and Lifestyle Management Association, spending on personal assistant or errand services is no longer reserved for the uber-wealthy — it's gone mainstream.
Stocks ended narrowly mixed in a lackluster session Thursday following a handful of mixed earnings reports, decline in weekly jobless claims and ahead of the government's monthly employment report due Friday morning.
Retailers reported mixed sales results in January, offering a signal that American consumers remain cautious amid a weak economic recovery.
Over dinner last night with several managing directors for a large equity desk, the first topic of conversation was not, “What's going to happen after the NYSE-Deutsche Boerse merger gets turned down?” It was, “What the hell is going on with this lousy volume? My desk is dead.”
Take a look at some of Thursday morning's early movers:
J.C. Penney's new pricing strategy is "the first key step in the transformation" of the retailer, CEO Ron Johnson told CNBC Wednesday.
Macy's is suing Martha Stewart Living Omnimedia for breach of contract by agreeing to sell certain products through J.C. Penney that Macy's considered exclusive.
Since Ron Johnson joined JCPenney, the stock has received a free pass. JCP shares are actually up 11 percent despite continuing disappointments. But after all, if anyone can revive a tired retailer, the man who created the Apple retail experience should be the one.
Macy’s plans to close its Bloomingdale’s store at Minnesota’s Mall of America in March. With the Mall of America's stature as a popular tourist destination, it gives the mall's owner Triple Five, a rare chance to change its economics.
Stockpickr examines four companies that are expected to lose money in 2012. Though they may not be in deep distress in the next quarter or two, the long-term outlook will weaken further as cash balances drop.
The stock market is on edge ahead of the first debt sales of 2012, as Spanish and Italian bonds auctions are scheduled to take place on Thursday and Friday.
Jim Cramer’s researcher, Nicole Urken, takes a look at why it is just too tough to come into JC Penney right here.
Cramer makes the call on viewers' favorite stocks.
Moody's upgrade of Macy's credit rating to investment grade validates the company's business strategy, CEO Terry Lundgren told CNBC.
The “Mad Money” host outlines what he plans to watch in the days to come.
Stocks rebounded from earlier losses to finish narrowly mixed Thursday, with the S&P adding small gains to the New Year rally, ahead of a key government employment report. Stocks had been under pressure earlier in the session amid ongoing jitters over the European debt crisis and a decline in the euro to its lowest level since September 2010.
Citi estimates same store sales should be up a strong 5 percent, largely due to the fact that the weather has turned colder.
Most U.S. retailers turned in solid finish to the holiday season, despite bargain-hungry consumers who put off their holiday shopping until the last-minute in order to snag the very best deals, and mild temperatures, which dampened demand for winter apparel.
S&P futures popped about 5 points as the ADP Employment Change for December came in much stronger than expected, at 325,000 jobs created, well above the consensus of 175,000. This bodes well for the December nonfarm payroll report, out tomorrow.
Futures slipped again Thursday even after a handful of encouraging data on the employment front as ongoing jitters over the euro zone's debt crisis kept investors from jumping in.