US stock index futures edged higher Wednesday after losses on Tuesday, though European stocks were down in early trade as risk-averse investors avoid equities on fears about the strength of the world economic recovery.
The high-end consumer is making a comeback, but the mainstream consumers have yet to rebound and unemployment is to blame, Matthew Rubel, Collective Brands chairman and CEO, told CNBC Friday.
China reported better than expected February export data, up 45.7 percent (!) from a year ago. Banks continue to raise capital. Still waiting for Citigroup to announce details of their trust preferred offering. And Northeast regional bank Susquehanna Bancshares announced a pricing of common and trust preferred securities.
The economy has shown recent signs of improvement, but with unemployment still on the rise, are consumers ready to start spending again this holiday?
Don't expect consumer spending to rebound quickly but there may be signs that the worst is over. "Consumers are spending much more evenly," evenly," said Matthew Rubel, Collective Brands Chairman, CEO and President in an interview on "Squawk Box."
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. Founded in 1956 as a self-service budget footwear store in Topeka, Kansas. This company now operates three global brands, making it the largest non-athletic footwear company in the western hemisphere. Today, this shoe retailer took a step in the wrong direction, as shares plunged on disappointing fourth-quarter numbers. Who is it?
Following are the day’s biggest winners and losers. Find out why shares of American Eagle and Chico’s popped while Caterpillar and American Express dropped.
Nearly 2.0 billion shares and $31 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Following are the day’s biggest winners and losers. Find out why shares of Home Depot and Anheuser-Busch popped while Smithfield Foods and Vail Resorts dropped.
Nearly 1.9 billion shares and $22 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Following are the day’s biggest winners and losers. Find out why shares of Alcoa and Blockbuster popped while Clearwire and Vimplecom dropped.
Following are the day’s biggest winners and losers. Find out why shares of NYSE Euronext and AMD popped while Sara Lee and Qwest dropped.
After a surprise gain in retail sales for March, CNBC asked CEOs of top retailers how they're faring.
Stocks posted their biggest gains in a week even though a series of strong economic reports cast doubts about whether the Federal Reserve will cut interest rates next week.
Believe it or not, there are many publicly traded shoe companies. And these stocks were among the hardest hit on concerns the consumer is in a crunch. For example, Collective Brands (PSS) ,owner of Payless is down 31% over the last 3 months and Brown Shoe Company (BWS) is down 13%. Should you go shopping?
Here's some more contest stock information for you--a look at the week's best and worst so far. Earnings as well as mergers brought out the best and worst in companies. Remember, today is the really big day for trades as the trades executed prior to 4pm today (Thurs) will be the last trades that will impact their total portfolio value based on their performance on Friday.
Hey folks, here's one of our last contest stock reports. And it's somewhat appropriate we do so as we are coming back full circle to the start of the contest with Fremont General once again on the actives list based on their news about its reorganization, selling a unit, and installing new management. Here you go:
Footwear retailer Payless ShoeSource on Tuesday agreed to acquire Stride Rite, which makes children's shoes, for about $800 million plus the assumption of debt. The all-cash offer is valued at $20.50 per share, which represents a 33% premium over Stride Rite's closing price Tuesday of $15.45. The sale price is also higher than the 52-week peak of $18.
Billionaire investor George Soros reported Tuesday that he had more than doubled his stake in Microsoft Corp.'s common stock to 415,497 shares as of March 31 from a previously disclosed stake of 198,075 shares.
Here's update info as reported by CNBC's Bill Griffeth and Dylan Ratigan on "Power Lunch." Actor James Cromwell is the celebrity playing for PL. And the production staff is a bit happier--well sort of. James is in 5th place and also continues to dig himself out of sub-million territory.