Abercrombie & Fitch Sales Crater in 1Q, Loss Narrows
Abercrombie & Fitch reported a steeper-than-expected drop in quarterly comparable sales, in part because of inventory shortages.
Consumer spending
Durable Goods Orders Rise Sharply in April
Orders for long-lasting U.S. manufactured goods rose more than expected in April, a sign of resilience in the factory sector.
Housing Boom Leaves Some Stocks in the Dust
The housing boom continues, but while some stocks may be rightfully soaring, other logical winners aren't cashing in on the trend.
Best Buy Reports 1Q Loss on Restructuring Costs
Best Buy reported weaker-than-expected quarterly sales Tuesday and warned that a slew of investments to win back shoppers could squeeze profits in the near term.
Consumer Spending Forecast to Boost U.S. Economy
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
Economy Shrugging off Spring Slowdown, Reports Suggest
U.S. consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects.
J.C. Penney Posts Huge 1Q Loss
J.C. Penney reports a first-quarter big loss on a 16 percent revenue plunge as the chain continues to reel from the turnaround plan implemented by former CEO Ron Johnson.
Powerball Jackpot Leaps to $550M
The Powerball jackpot has jumped to $550 million, a major climb less than a day after the latest drawing produced no winning ticket.
April Retail Sales Unexpectedly Rise
U.S. retail sales unexpectedly rose in April as households bought automobiles, building materials and a range of other goods, pointing to underlying strength in the economy.
Chain Retailers Report Solid Sales Gains in April
Americans spent more during the early spring months in the latest sign that they're encouraged by the economic recovery.
Cheap Yen, Healthier Sales Push Sony into the Black
Sony is back in the black for its fiscal fourth quarter, recording a $948 million profit, with big help from a weaker yen that boosts overseas earnings.
Consumers Cut Back Credit Card Use in March
Americans cut back on using their credit cards in March, suggesting many were reluctant to take on high-interest debt to make purchases.
9 Numbers That'll Tell You How the Economy's Really Doing
We've whittled the vast universe of economic data down to these nine key numbers that will give you a quick handle on the health of the economy.
Consumer Confidence Jumps on Better Outlook for Hiring, Pay
U.S. consumer confidence rebounded in April as Americans felt better about the outlook for the economy and their income prospects, the Conference Board says.
Why Rich Consumers Will Dominate Spending in 2013
The consumer economy may look weak. But the affluent and wealthy consumers are ramping up their spending -- and that could help drive the broader economy this year.