Kohl's Corp posted a lower quarterly profit that exceeded Wall Street estimates by a penny, and the department store chain issued a dismal outlook for the rest of the year, citing higher costs.
U.S. stock index futures rose more than 1 percent on Thursday after Wal-Mart Stores Inc reported second-quarter results that topped Wall Street's expectations, boosting investors' confidence in consumer spending ahead of a government report on July retail sales.
Asian stocks and commodities rose on Thursday after the Federal Reserve said it spotted stability in the U.S. economy, spurring investors to buy back shares and other riskier assets and sell U.S. dollars.
Asian stocks and commodities rose on Thursday after the Federal Reserve said the ailing U.S. economy was showing signs of leveling out, spurring investors to buy back shares and other riskier assets and sell U.S. dollars.
Hedge fund manager John Paulson, who made a fortune betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp during the second quarter.
Hedge fund manager John Paulson, who earned a fortune by betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp and other lenders during the second quarter, according to a regulatory filing.
U.S. stocks powered higher on Wednesday as the Federal Reserve said it saw signs of a more stable economy.
U.S. stocks added to gains on Wednesday as the Federal Reserve said it saw signs of a more stable economy, while an upbeat report from chip equipment maker Applied Materials boosted technology shares.
Emdeon Inc soared in its trading debut on Wednesday while Starwood Property Trust Inc fell slightly after their respective initial public offerings.
Department store operator Macy's Inc posted a better-than-expected quarterly profit and raised its full-year outlook as cost-cuts overshadowed lower sales, but mixed results from two of its suppliers showed that the retail industry remains tough.
Stocks rallied on Wednesday, led by tech and homebuilding stocks, as investors awaited a key announcement by the Federal Reserve.
Stocks gained on Wednesday ahead of a key announcement by the Federal Reserve, led by technology and homebuilding shares after positive earnings reports.
Department store operator Macy's Inc posted a better-than-expected quarterly profit and raised its full-year outlook as cost cuts overshadowed lower sales, but mixed results from two of its suppliers showed that the retail industry remains challenging.
Stocks rose on Wednesday after a selloff in the previous session, with technology shares gaining, as homebuilder stocks rallied after a positive earnings report from Toll Brothers Inc.
Liz Claiborne Inc reported a deeper-than-expected quarterly loss on Wednesday, sending its shares down 9 percent, as the lingering recession kept many shoppers from buying the company's clothing and accessories.
The prepaid market has gone from a telecom darling to a precarious prospect in mere months as intensifying competition and signs of slowing growth at Leap Wireless suggest that the euphoria may have been premature.
Macy's Inc posted a better-than-expected quarterly profit on Wednesday as it cut costs in the recession, but the department store operator's shares fell 2.2 percent in premarket trading as it offered a full-year earnings outlook that could miss Wall Street estimates.
Stock index futures edged up on Wednesday as investors shied away from big bets ahead of Federal Reserve statements on the state of the economy.
Stock index futures edged up on Wednesday after a selloff in the previous session but investors shied away from big bets ahead of Federal Reserve statements on the state of the economy.
Stock index futures pointed to a lower open on Wall Street on Wednesday as investors awaited the outcome of the Federal Reserve's two-day meeting.
Uncertainty about the Federal Reserve's view on the U.S. economy and another sharp fall in Chinese stocks pushed equities lower across the world on Wednesday and drove lower-yielding currencies higher.
U.S. stocks fell on Tuesday after a prominent banking analyst warned the sector's fundamentals have yet to improve, and an unexpectedly large drop in wholesale inventories raised worries about an economic recovery.
Stocks fell on Tuesday after a prominent banking analyst warned the sector's fundamentals have yet to improve, and an unexpectedly large drop in wholesale inventories raised worries about an economic recovery.
Stocks slid on Tuesday after a prominent banking analyst warned that the sector's fundamentals have not yet improved, sparking a sell-off in bank shares.
U.S. stocks slid more than 1 percent on Tuesday after an unexpectedly large drop in inventories at wholesalers raised doubts about an economic recovery and bank shares skidded after a prominent analyst warned that fundamentals for the industry have not improved.
Stocks fell on Tuesday after data showed an unexpectedly large drop in inventories at wholesalers in June, while an analyst's warning that fundamentals for the banking industry have not improved sent financial sector shares lower.
Stocks fell on Tuesday after data showed an unexpectedly large drop in inventories at wholesalers in June, while an analyst's warning that fundamentals for the banking industry have not improved sent financial sector shares lower.
Stock index futures pointed to a lower open on Tuesday ahead of key data on productivity and labor costs, and before the Federal Reserve kicks off a policy meeting.
Stock index futures pointed to a flat open on Tuesday ahead of key data on productivity and labor costs, and before the Federal Reserve kicks off a policy meeting.
