Author: Christina Cheddar Berk
 | Christina Cheddar Berk is a News Editor at a CNBC.com, with more than a decade’s worth of business reporting experience. Before joining CNBC, she was a Special Writer at Dow Jones Newswires where she covered consumer products industry and served as a guest writer for The Wall Street Journal’s Enterprise column. Christina was part of a team of reporters who received a Society of American Business Editors and Writers award for breaking news coverage. She also has tracked developments in the energy, chemical and defense industries in the past. Prior to joining Dow Jones, she was an Associate Editor for The World Almanac and an Assistant Editor for the Funk & Wagnalls New Encyclopedia. |
Many US retailers posted better-than-expected sales in April. However, with most consumers sticking to bargains or basics, don't expect an extended rebound in retail.
Many US retailers posted better-than-expected sales in April. However, with most consumers sticking to bargains or basics, don't expect an extended rebound in retail.
With more of the world's most valuable natural resources under the control of national governments, Exxon likely believes it has no other choice than to stand firm in its escalating battle with Venezuela.
Americans may be drinking less, but they're drinking better.
Providing further evidence of a slowing U.S. economy and a more cautious consumer, Wal-Mart Stores and other retailers reported one of the weakest months of retail sales in years.
Excluding the financial sector, fourth-quarter earnings have been pretty solid so far. But the stock market isn't paying much attention.
For several years, rum distillers have been trying to ditch the product's image, which is so closely linked to pirates, palm trees, and cheap daiquiri drinks, in an attempt to capture their fair share of sales to cocktail-swilling trendsetters.
The financial sector is expected to weigh on corporate earnings in the fourth quarter. But outside the sector, the news is upbeat.
Despite evidence that shoppers are cutting back this holiday season, retailers are expected to report strong improvement in November sales after a weak fall.
Despite evidence that shoppers are cutting back this holiday season, retailers are expected to report strong improvement in November sales after a weak fall.
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