(CBS Boston) – Some welcome news for shoppers getting squeezed by inflation: promotions on televisions, furniture, clothing, sporting goods, and other big-ticket purchases are ramping up. Target, Walmart, Best Buy, Urban Outfitters, and other top retailers have said in recent weeks that they are sitting on too much inventory for some of their products. As … Read more
Text size Best Buy was a big winner during the pandemic as people bought electronics while they stayed at home. Joe Raedle / Getty Images Best Buy earned $ 1.57 a share on an adjusted basis in its fiscal first quarter, meeting analysts’ estimates. Revenue of $ 10.65 billion topped forecasts. The stock was rising … Read more
Text size The fall in stock and bond prices has cut household wealth by as much as $ 8 trillion in 2022. Justin Lane / epa-efe / Shutterstock The stock market had a near-bear experience, which might be the most bullish thing you can say about it. At its low on Friday, the S&P 500 … Read more
Small businesses are flashing warning signs on the US economy as inflation, supply-chain snarls, a shortage of workers and rising interest rates darken the outlook for entrepreneurs. Fifty-seven percent of small-business owners expect economic conditions in the US to worsen in the next year, up from 42% in April and equal to the all-time low … Read more
Bearish scenario in stock market with bear figure in front of red price drop chart. getty A late-day rally on Friday staved off what seems inevitable. If current trends hold, at some point soon, the market is likely to reach bear market territory for the S&P 500, defined as 20% or more below the previous … Read more
TJ Maxx’s parent TJX reported earnings that were above Wall Street expectations. Cindy Ord / Getty Images Text size Two of the three major off-price retailers posted quarterly earnings this week, with dramatically different results. That leaves Burlington Stores , which reports May 26. There are three key factors that could determine how Burlington’s stock … Read more
NYSE trader on May 18. The Dow Jones Industrial Average fell over 1000 points as markets continue … [+] their volatile trend. (Photo by Spencer Platt / Getty Images) Getty Images Do not let opportunity slip away. The last two weeks saw media negativity increase. However, economy reports and stock market actions hint at a … Read more
TJ Maxx’s parent TJX reported earnings that were above Wall Street expectations. Cindy Ord / Getty Images Text size Two of the three major off-price retailers posted quarterly earnings this week, with dramatically different results. That leaves Burlington Stores , which reports May 26. There are three key factors that could determine how Burlington’s stock … Read more
Text size Uber shares are attractive after a 44% decline this year, an analyst says. Justin Sullivan / Getty Images Internet stocks have tumbled worse than the general market as investors have worried about the potential for a broad-based economic slowdown. But RBC Capital Markets says the selloff is now providing buying opportunities. The First … Read more
Text size The fall in stock and bond prices has cut household wealth by as much as $ 8 trillion in 2022. Justin Lane / epa-efe / Shutterstock The stock market had a near-bear experience, which might be the most bullish thing you can say about it. At its low on Friday, the S&P 500 … Read more