Saks Inc. (NYSE: SKS) and Michael Kors Holdings Ltd. (NYSE: KORS) are both benefitting from wealthy consumers, offsetting global economic turmoil and an uncertain U.S. economy, the companies said Tuesday.
Retail sales in the U.S. rose in July for the first time in four months and topped economists' forecast as demand rose across the board from cars to building materials, suggesting that the biggest driver of the economy is gaining momentum.
Unless India's Congress-led United Progressive Alliance (UPA) government has been hiding all the ground-breaking policy decisions for next year, the 2014 general elections aren't likely to go their way. However, a latest survey indicates that they won't go the other way either, with the Bharatiya Janata Party (BJP)-led main opposition National Democratic Alliance (NDA) likely to lose seats, raising the hopes for a third political front to come to power.
U.S. stock index futures point to a higher open Tuesday amid hopes that central banks around the world will announce stimulus measures to boost the economy and regain the growth momentum.
The top after-market Nasdaq gainers Monday were Array BioPharma Inc, Momenta Pharmaceuticals Inc, Aixtron SE, HMS Holdings Corp and Monster Beverage Corporation. The top after-market Nasdaq losers were Envivio, Groupon Inc, Coinstar Inc, Myrexis Inc and Boingo Wireless.
With its once-sickly loan portfolio on the mend after several years of consolidation that saw it lose market share, ICICI is looking once again to grow faster than the industry - though more cautiously this time around.
Asian stock markets ended with gains last week as sentiment continued to improve on hopes that the European Central Bank would shortly take policy action to lower the peripheral bond yields of struggling nations such as Italy and Spain.
Major data releases aplenty are on the economic calendar next week. In the U.S., investors will focus on July retail sales, industrial production, and consumer prices. In the euro zone, second-quarter gross domestic product figures across the major economies and the German ZEW index are the main highlights.
Companies are using tablets more and more, and the launch of Windows 8 and the Microsoft Surface tablet will build on the trend. Is everything as rosy as it seems?
Employers in the restaurant and retail industries -- those with a large number of hourly wage workers who traditionally had minimal or no health insurance -- are more likely than other companies to drop their health plans or cut worker's hours in order to maintain their already slim profit margins.
Keeping up with the Joneses can mean buying best-value vehicles for some of the wealthiest U.S. consumers.
Technology firms Amazon and Apple have decided not to entertain account change and password reset requests over phone following hacking of iCloud account of Wired reporter August 3. Besides, Amazon and Apple are likely to enforce stringent security measures against growing hacking concerns.
Asian shares rose to a three-month high Wednesday, supported by expectations that policymakers will soon decisively address the euro zone fiscal crisis and declining global growth.
Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer, said it will start renting textbooks to college students for a semester. At the end of the term, they can ship books back for free.
A spate of data releases over the coming days is expected to show signs of China's economy stabilizing in July after a slowdown that reduced its growth to its slowest rate in more than three years during the second quarter.
Asian stock markets advanced Tuesday on renewed hopes that the European Central Bank (ECB) will shortly take policy action to lower the peripheral bond yields of struggling nations such as Italy and Spain.
This month marks two landmark anniversaries -- the deaths Marilyn Monroe and Elvis Presley, two of the world's most recognizable pop-culture icons, who also happen to be two of the highest-earning dead celebrities.
Siri's reputation is well-earned: But would you trust Siri, or any of her similar rivals out there for Android, to pay your bank bill? Nuance has clearly thought about what's missing from the voice recognition department, and unveiled its own solution on Monday, called "Nina." Apple's solution is better for casual users, while Nuance's solution is a must for business and customer service professionals.
Best Buy Co., Inc. (NYSE: BBY) founder Richard Schulze, who stepped down as chairman this year, offered to take the troubled electronics retailer private at $24 to $26 a share?
Asian stock markets ended with gains last week as the speculation of further stimulus measures from the major central banks offered support. However, markets pared gains after policy makers in the U.S. and Europe failed to offer any new stimulus measures needed to bolster growth. Particularly, the lack of concrete new action by the European Central Bank weighed on the sentiment.
The Merchants Payments Coalition (MPC), which represents retailers, says the fees levied on American supermarkets, stores and gas stations by Visa and MasterCard are up to three times more than in other parts of the world, inflating prices for U.S. consumers.
The peak weeks are now behind us and the number of earnings reports we get each week will now drift lower.
