Consumer electronics retailer Best Buy Co. posted a steeper-than-expected drop in quarterly profit as it spent more than planned to bolster its stores, sending shares down 5 percent.
U.S. stock index futures dropped as fears mounted over the capital position of American International Group.
Don't believe the hype – this rally was real. Here's why.
Attention Wall Street: Add the precipitous slowdown in consumer spending to the list of worries and reasons to think a recession is underway or imminent.
Plus, Cramer opines on a retail resurgence and ConAgra.
Brian Nagel, retail analyst at UBS offered advice on different home improvement stocks that could help benefit investors.
Software companies pay hundreds of millions of dollars to PC makers like Hewlett-Packard to install their photo tools, financial programs and other products, usually with some tie-in to a paid service or upgrade. With margins growing thinner than most laptops, this critical revenue can make the difference between profit and loss for the computer makers, says the New York Times
Surprising as it might sound, Americans say they're planning to spend more in the months ahead on some big ticket items such as...
There has been so much written about Apple and the iPhone recently: the 3G issues, the MobileMe mess, the so-called Apps Kill Switch controversy, the iPod and its battery/BBQ issues, the company's $20 billion in cash, and a stock that continues to try to claw its way back from the doldrums. What investors ought to be focusing on, instead, is the back-to-school shopping season.
Over the past few weeks, several Wall Street kernels have popped when it comes to Apple. And this morning, Pacific Crest Securities' Andy Hargreaves focuses on Apple's iPhone and its momentum in the marketplace.
Apple's numbers have long been staggering; the way this company has grown; the way it continues to beat the Street; the way new products fly off shelves; the way Apple generates profits. But nothing is more staggering than Apple's market cap.
The Dow declined by triple digits on Wednesday with financial shares selling off for a second straight day on fresh concerns about the widening impact of the mortgage crisis.
Stocks closed lower, hurt by rising oil prices and fresh worries about the financial sector, though the market ended off its lows for the day.
Banks stocks dragged down the broader stock market on Wednesday with Merrill analyst Richard Bernstein writing the credit crisis is “far from over.”
Best Buy will start selling the iPhone on Sept. 7, becoming first U.S. chain to do so outside of Apple's and AT&T's own stores.
David Strasser of Banc of America Securities says there's value for the investor who shops where consumers are already shopping.
Following are the day’s biggest winners and losers. Find out why shares of Bed Bath & Beyond and DaVita popped while ConAgra and MGM dropped!
AmEx just out with comments, saying "We have seen credit indicators deteriorate beyond our expectations" and it was "too early to assess the impact of deteriorating credit indicators." Down about 1 percent.
Market activity Wednesday revolves around the Fed, and the dollar hangs in the balance.
Following are the “Fast & Furious” trades. Find out how to trade earnings from CSX, Bed Bath & Beyond and other market moving events