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Wal-Mart earnings reveal that they are having to pay more to produce clothing. How should you trade retail if China isn't the low-cost producer it once was?
What can be expected as earnings season begins for the retailers? It was a rough start, with lower-than-expected numbers released yesterday. But with the downward movement of oil and the strengthening US dollar, retail may see an upswing.
"[The] stock market: a loser across the board. It was a loser early, it stayed a loser and became a bigger loser as the day went on," Dylan summed up Thursday's trading with that one statement, as AIG and Wal-mart lead the Dow's one-day, 225-point dive. A few lone tech stocks were the only winners in an otherwise distressed market. Adding to the bearish environment was the morning's new jobless claim numbers, the highest reported in several months.
Stocks ended near session lows as oil ended above $120 a barrel and two Dow components missed the Street's targets.
Stocks pared some losses Thursday afternoon as oil prices flattened out. Putting pressure on stocks today was a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss.
The pitter-patter of little feet and the high-pitched cries of infants may seem louder lately, but it's music to the ears of many companies that cater to infants and children.
Stocks opened lower, clipped by a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss. But a better-than-expected report on home sales helped shave a few points off the decline.
Early July sales results from retailers have been disappointing, with many falling short of analyst estimates. It also appears that the benefit from tax rebate checks is beginning to wane.
Today’s consumer credit report is expected to show that the economic slowdown caused consumers to borrow less readily in June, but David Malpass, president of Encima Global, disagreed.
Stock futures fell further after a report showed jobless claims unexpectedly rose last week. Futures had already been pointing lower as oil rose nearly $3 a barrel, Wal-Mart missed sales estimates and Dow component AIG posted a wider-than-expected loss.
Futures are down nearly 10 points, not surprising given AIG, a strange but generally disappointing retail sales report, and jobless claims higher than expected.
With the economic slowdown weighing more on Europe, the ECB decided to hold its interest rates at a seven-year high of 4.25%. Here are some world interest rates as a point of comparison.
U.S. sales of clothes and shoes fell in July as cash-strapped consumers cut back spending further to pay for nondiscretionary purchases such as food and gasoline, MasterCard Advisors said in a report Wednesday.
Wall Street whale Bill Ackman is known to patiently stalk his prey for years. Yes, beneath his smooth exterior and soft-spoken demeanor lies the heart of a killer. Should you trade in his wake?
To give investors an edge, CNBC asked the market experts for their best trades now.
At least not the kind we need right now, Cramer says. Here's why.
“I’m looking to get long,” says Jon Najarian on CNBC’s Closing Bell. Not tomorrow because there will probably be more selling, but soon...”
Not everything is as it appears. Especially with these Cramer picks.
Economics will be a far more important subject than fashion for retailers this year as cash-strapped U.S. consumers do their back-to-school shopping over the next several weeks.