Black Friday bargain hunters shop at a Walmart store in New Jersey on Nov. 26, 2021. Tayfun Coskun | Anadolu Agency | Getty Images More Americans are struggling financially just as the peak shopping season kicks into high gear. Yet shoppers will still shell out $1,455, on average, on holiday gifts — in line with …
Amid mounting economic uncertainty this holiday season, nearly three-quarters of US shoppers plan to spend less than or the same as last year, according to a new Goldman Sachs consumer survey. And Club holding Amazon (AMZN), a leading retailer for holiday sales and promotions, should be a top destination for American bargain-hunters. American consumers are …
US shoppers spend less holiday season, Amazon stands to gain Read More »
Alibaba saw delivery disruptions during Singles Day, CEO says Alibaba CEO Daniel Zhang said, “The resurgence of Covid has affected one area after another, resulting in abnormal or suspended logistics service in different places,” according to a FactSet transcript of the company’s quarterly earnings call Thursday. Zhang noted logistics disruptions took place through Nov. 11, …
Japan sees core inflation at highest in 40 years as Asia-Pacific stocks trade mixed Read More »
Philippines central bank expects economy to see “low growth” next year, not a recession Central bank governor Felipe Medalla of Bangko Sentral ng Pilipinas (BSP) said the economy is expected to see “low growth” of under 5%, not a recession, next year. Speaking to CNBC’s Sri Jegarajah in an interview, he said the central bank …
Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise Read More »
Stocks fell Thursday and bond yields jumped as Federal Reserve officials signaled their rate-hiking campaign to slow inflation is far from over. The Dow Jones Industrial Average slipped 7.51 points, or 0.02%, to 33,546.32 — after falling as much as 314 points in the session. The S&P 500 fell 0.31% to 3,946.56. The Nasdaq Composite …
S&P 500, Nasdaq close lower for a second day as investors weigh Fed officials’ comments Read More »
Bath & and Body Works entrance. Jeff Greenberg | Getty Images Check out the companies making headlines in midday trading. Bath & Body Works – Bath & Body Works’ stock surged 24% after reporting per-share earnings that were more than double what analysts had anticipated. The retailer also raised its guidance for full-year per-share earnings. …
Bath & Body Works, Norwegian Cruise Line, Macy’s and more Read More »
Walmart‘s stock surged this week. target‘s shares plunged. The rival big-box players are both known for selling an array of products including food, clothing, home goods and kitchen appliances. Both their CEOs — Walmart’s Doug McMillon and Target’s Brian Cornell — stepped into their roles in 2014. But the retailers issued starkly divergent outlooks this …
Walmart and Target’s quarterly results lay bare retailers’ differences Read More »
Scott Eells | Bloomberg | Getty Images Stock futures were little changed Thursday as investors responded to the latest batch of quarterly results and awaited a slew of Federal Reserve speakers. Futures tied to the Dow Jones Industrial Average dipped 58 points, or 0.2%. S&P 500 futures slipped 0.1%, while Nasdaq 100 futures fell less …
Stock futures are little changed as investors weigh cross currents of latest earnings Read More »
CNBC’s Jim Cramer on Wednesday said the Federal Reserve must pay attention to recent retail earnings reports to plan the rest of its battle against inflation. “I am begging the Fed to look at what’s happening at individual companies – big ones, not small ones – so that they’ll be a little less ruthless going …
The S&P 500 fell on Wednesday as investors weighed a gloomy holiday quarter update from Target that pressured retail stocks. The broad market index was last down by 0.8% and the Nasdaq Composite shed 1.4%, while the Dow Jones Industrial Average wrestled with the flat line. Those moves came after Target reported a decline in …
S&P 500 slides as Target leads retail shares lower Read More »