Stocks declined modestly amid thin holiday trading and after a couple lackluster economic reports as the Northeast recovered from a huge snowstorm. Caterpillar and Disney fell, while Bank of America rose.
Cash registers are continuing to ring up big sales in the final days before Christmas, easing fears of a front-loaded holiday season.
Best Buy's online sales crumbled to year-over-year growth of 7 percent, down from 15 percent in the second quarter and 21 percent in the first quarter. Where's the company headed?
Christmas will no longer be on credit for many shoppers, despite tempting offers from retailers and credit card companies trying to coax the plastic out of consumers’ wallets.
The holiday season is off to a "solid start" across most retail categories, according to a report released on Wednesday that offers some hope that consumer spending is starting to bounce back.
With data from ThomsonReuters, we took a look at which stocks have mean consensus estimates farthest below their stock prices (as of market close on 11/30/10).
First Black Friday became a whole weekend of deals, now it looks like it's Cyber Monday all week. Several retailers have announced extensions of their Cyber Monday discounts into Tuesday or for the entire week.
This is supposed to be the year online shopping using mobile devices takes off, but the shopping experience is lagging.
Certainly, this year's Black Friday crowds lived up to the forecasts, and were bigger than last year. But here comes the important question for investors: what next?
Black Friday, Cyber Monday, hot deals and hot gifts, those were the topics of my latest round of radio and television interviews.
Consumers may be loosening up their purse strings a tad this holiday, but bargain hunting is out of the picture. In fact, shoppers can expect plenty of promotions and discounts as retailers battle it out in the vital closing months of the year. Lower price-point gifts will play a role in luring customers in and guiding their purchase decisions.
Ah, no. But don’t be surprised if you hear this over and over again for the next six weeks.
Law student Samuel Jaffe won’t be standing in line in the wee hours of the night hoping to score a Black Friday deal.
Times are tough, and retailers are getting creative, wrapping their marketing campaigns in some unlikely packaging this year, from new “grab-and-go” gift shops at Macy’s to new flexible payment options at Sears.
Black Friday weekend used to be the bellwether of the holiday shopping season. Merchants held their breath when Thanksgiving weekend sales results trickled in, holding up the period as a major indicator of how their stores would perform. But the weekend has lost much of its crystal-ball appeal.
Stocks shed losses from earlier this week to close broadly higher Thursday, lifted by the successful return of General Motors to the U.S. stock market and relief that Ireland was addressing its debt crisis. Alcoa and Boeing rose, while Intel fell.
Considering the investor enthusiasm for the GM IPO, is it safe to say market momentum has shifted in favor of the bulls?
U.S. stock index futures rallied ahead of the open Thursday as General Motors shares looked set to jump on their return to the New York stock market, and jobless claims came in as expected.
Stocks ended mixed after trading in a tight range for most of the session Wednesday as continued uncertainties with the global economy weighed on investors, ahead of General Motors highly anticipated initial public offering. Home Depot fell, while McDonald's rose.
Stocks turned negative after trading within a tight range for most of the session Wednesday as continued uncertainties with the global economy weighed on investors. Home Depot fell, while Merck rose.