Discussing the kind of experience consumers want today, and winners in the space, with CNBC contributor Jan Kniffen, and Dana Telsey, Telsey Advisory Group CEO. » Read More
With the average price of regular gasoline now hovering near $3.80 a gallon nationally, prices at the pump are nearly a dollar higher than a year ago. For the average American who drives about about 15,000 miles a year and uses roughly 750 gallons of gas annually, that dollar increase per gallon has eaten about a $750 hole into the household budget per car.
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!"
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
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.
Cramer explains why this may be. Plus, three stocks investors shouldn't bet against.
Stocks posted the best first quarter in more than a decade, although the last day of the quarter was fairly lackluster, with stocks dropping just before the close in another low-volume session. AmEx and Intel led Dow decliners, while 3M rose.
Stocks fell just before the close during in another low volume session, but the market remained on track to post the best quarterly results in more than a decade.
Is $106 the breaking point for oil? First, some traders insisted $100 oil was the line in the sand: go over it, and our rally would falter. But it didn't happen: after a brief, three-week flutter, the major indices are knocking on the door of their old highs.
We've put together a shopping list of catch phrases that apply to the consumer economy.
Cramer thinks so. See his interview with this company's CEO.
Last year Chinese consumers bought $9 billion of luxury items, the 2nd highest in the world. Overall, retail sales there soared 18 percent and firms like Apple and YUM generated billions in revenue. Nike earned around $800 million in profits there in 2010 on nearly $2 billion in revenue.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
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.
Retailers had several headwinds to deal with in February; however, analysts are still expecting sales to be higher than the year-ago period.
Expect to see billowy silhouettes, ethnic prints, '40s and '70s looks, longer hemlines and utilitarian-style outerwear when you shop for clothes this fall. That was the word from merchants ranging from mid-range department store Macy’s to tony Saks Fifth Avenue and online marketplace eBay, summing up the key themes that emerged during Fashion Week earlier this month.
This week's batch of earnings reports showed that Target trumped Wal-Mart Stores, but Target still needs to watch its back, because other retailers are grabbing a bigger chunk of the consumer budget.