The Fed's custody holdings report is usually a sleeper, but this week there was a whopping withdrawal by a central bank. Speculation is it was Russia.» Read More
Home goods retailer Williams-Sonoma reported a decline in its holiday same-store sales Tuesday and gave a weak outlook for the current quarter and upcoming fiscal year, sending its shares down 11 percent in morning trade.
Retail sales a clear disappointment, dropped futures even more, only good news is Fed has even more room to ease here. Citigroup reported a fourth quarter loss of $1.99, $1.03 expected. Losses were driven by write-downs (of $17.4 billion) and losses in subprime, and an increase in credit costs of $5.4 billion in the consumer loan portfolio (more signs that the consumer is slowing down).
Retailers want to rack up sales now. But consumers are playing the waiting game for bigger discounts closer to Christmas
Weakness in housing may be dragging down other stocks. Oppenheimer Chief Market Technician Carter Worth recommends a closer look.
The best stock picks for the holiday season don't come from Cramer. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Everyone has heard predictions of a tapped-out consumer. And though they haven't materialized in the past, this time is likely to be different.
The turkey’s not even in the oven, but the annual game of chicken has begun. Consumers are waiting to see if retailers grow desperate and cut prices deeper than planned.
Stocks closed sharply lower as investors remained skittish about the housing slump's toll on the economy and potential credit losses at big financial services companies.
Home-furnishings retailer Williams-Sonoma said Thursday net income for the fiscal third quarter fell 7 percent, hurt by falling same-store sales and higher expenses.
U.S. retailers are touting holiday deals and discounts earlier than ever this year, but the efforts may fall flat as consumers expect to start shopping for this crucial season later than ever, according to a survey released Tuesday by NPD Group.
U.S. stocks closed little-changed amid investor concerns that more credit troubles may be down the road. "I think there's still a lot of convincing to do to investors that things are going to work out fairly well," said Sam Stovall, chief investment strategist at Standard & Poor's.
Qwest Communications said late Sunday it has named former Williams-Sonoma CEO Edward A. Mueller to succeed retiring Chairman and CEO Richard C. Notebaert.
Sears Holdings on Tuesday forecast lower quarterly profit and said it needs to better control its costs and stock more items that its shoppers demand, sending shares down more than 8.7%.
Williams-Sonoma, the upscale home furnishings retailer, Wednesday reported lower quarterly profit, citing challenging sales in its core brands, but still beat Wall Street estimates.
Home furnishings retailer Bed Bath & Beyond said its quarterly profit rose 4% on higher sales at established stores.
Home furnishings retailer Williams-Sonoma said Thursday its fiscal fourth-quarter profit edged up on increased revenue.
Target is one of the few retailers enjoying a good Christmas season. Much of the giant discounter's success can be traced to their so-called "cheap chic" styles. However, some upscale competitors now claim Target's styles are not their own. Jane Wells investigated why one of the brightest retail lights of the holiday season might become a legal "target."