Every year retailers move up the kick-off to bargain hunting in order to get a head start in the holiday market share game. And this year will not be any different.
While the videogame industry relies heavily on the holiday period to help boost publisher profits, some companies may find coal in their stocking this year.
The President and Congress will not be able to raise taxes—be those on the wealthiest of the wealthy or anyone else—and cut spending without risking a second recession, deeper and more painful than the Great Recession.
Yesterday's orderly, high-volume sell-off is not being repeated today ... at least not pre-open. The big worry is that uncertainty about capital gains taxes may spark additional selling through the end of 2012. That's why addressing the fiscal cliff SOON is important.
NII Holdings has been bearish for a long time, but now buyers are betting that it’s due for a bounce.
Driven higher by retransmission fees and digital revenue, CBS beat earnings expectations with an upbeat outlook for 2013. But revenue came in lighter-than expected, dragged down by CBS Radio’s advertising declines, as well as foreign exchange rates, and the impact of the Republican and Democratic conventions pre-empting six nights of programming. But CEO Les Moonves’ projections for the fourth quarter were rosy, saying the company will benefit from higher retransmission compensation, plus more digital revenue, as well as the surge of political advertising, which shifted into the fourth quarter this campaign season.
You can divide Wednesday into four simple parts.
I’m glad to see that Mark Thoma has ventured forth with an argument in defense of the anti-gouging laws.
One of the things that made the recent gas crisis in New York and New Jersey even more painful was the knowledge that gas prices were actually falling across the nation.
All 10 S&P sectors are down more than 1 percent. If losses hold, it will be the first time since Dec. 8, 2011.
Jobs and the economy were big themes in Tuesday's election, according to the exit polls, but even with tepid job growth and an unemployment rate of 7.9% voters elected President Obama to a second term.
Although the financial sector mirrored the broader market sell-off on Wednesday, one analyst still sees upside for banks’ book value and earnings despite regulatory uncertainty.
A nor'easter has triggered more flight cancellations to Sandy-stricken regions on Wednesday. Here's a summary of airline waivers.
"This is an historic time to be watching China politically now," says Nicholas Consonery, Asia analyst for Eurasia Group, a global political risk research and consulting firm. "The Communist Party, which has been in charge since 1949, is going to see a big transition in the entire leadership of the party."
Stocks fell sharply Wednesday morning with the Dow down 300 points and trading below 13,000 for the first time since early August. In recent trading, the Dow was down 2.6% to 12,907 while the S&P 500 Index was off 2.7% to 1391.
The one thing standing in the way of a more robust housing recovery, is tight credit. Mortgage rates are at near-historic lows, but too many potential home buyers still cannot access these rates due to damaged credit.
Much will be written about the direction the country is headed after last night's election. And while this dialogue is useful and interesting, the bottom line is you need to adjust to the reality we face today.
Instead of a run to the sun, with stocks going up into the close, you could have a dash to cash. Why the pessimism?
Despite some tough comparisons to a year ago, Time Warner reported it beat analyst expectations on cable network gains on Thursday.
Spirit Airlines sent an email to subscribers early Tuesday with a subject line, "Romney Wins!" But most consumers didn't find it funny and took to Twitter to complain.