JC Penney's competitors stand to see gains, Tom Stemberg of the Highland Consumer Fund says.
Stocks finished modestly higher Friday with major indexes posting their third week in positive territory and the Dow and S&P 500 closing at new record highs.
To get you ready for the latest "The Great Gatsby" movie, "Taking Squawk" looks at what we could call the "Gatsby" stock market. Plus, poopgate: Look out below!
Stocks finished near session highs across the board Wednesday, boosted by financials and materials, with the Dow and S&P 500 logging fresh closing highs.
Against an improving backdrop for home-goods spending, consumer confidence and the US housing market, J.C. Penney and Target are ramping up their own efforts in the category.
This is an unofficial transcript of Warren Buffett and Bill Gates appearing live on CNBC's Squawk Box on Monday, May 6, 2013 from 6 am ET to 9 am ET.
U.S. stock index futures were slightly lower Wednesday, after the Dow and S&P 500 hit record highs in the previous session, and as investors largely shrugged off a better-than-expected trade data from China.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Tuesday:
JC Penney said it expects a sharp drop in revenue in the first quarter, citing strategies of ousted CEO Ron Johnson.
CNBC's Courtney Reagan reports JC Penney is releasing some of its financials, citing it sees Q1 comps falling 16.6 percent.
Warren Buffett tells CNBC's Becky Quick stocks will be going a "lot higher" in her lifetime but warns investors to stay away from bonds.
Major retailers like Wal-Mart, J.C. Penney, Gap, Nike and Target are feeling a new degree of pressure to re-assess global sourcing strategies. And that may prompt them to take some potentially costly steps.
It's no secret that it has been a tough 17 months for JC Penney, with CNBC's Bertha Coombs.
The retailer is trying to mend fences with customers after former CEO Ron Johnson's disastrous attempt at reinvention.
Discussing whether JC Penney's "mea culpa" will work with its customers, with Mary Epner, Retail Analysis; Jan Kniffen, Worldwide Enterprises; and Rick Snyder, Maxim Group.
The European Union voiced strong concern over labor conditions in Bangladesh after a building collapse there killed hundreds of factory workers, and said it was considering action to encourage improvements.
Take a look at some of Tuesday's midday movers:
The interpretation of language used really depends on the perspective from which you are viewing the language and interpreting the message.