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  • Stock market » Costco Disappoints, Shares Weaken
    December 11, 2013, 20:29 GMT

    Shares of Costco (NASDAQ:COST) were sent tumbling to the downside on Wednesday morning following the company’s first quarter results before the market open. The retail earnings season has been largely mixed up until this point with names on both the high and low end sending Wall Street surprises. Costco reported earnings of 96 cents a

  • Commodities » Gasoline prices rise on uncertainty
    September 10, 2013, 11:37 GMT

    Over the last month consumers have witnessed their fuel prices rise dramatically. The Syrian conflict, and headline risk, has helped move oil futures even further to the upside as of late. During times of economic turbulence, Wall Street and retail investors alike favor hard assets such as commodities. Everything from oil to gold, to grain

  • Forex » The Dollar slides on “Sell US” theme
    August 17, 2013, 08:34 GMT

    The currency markets now have two polarizing themes which will play out over the course of the coming week.  Stronger than expected employment data seemed to trump all themes on Thursday, as traders focused on jobless claims which drove equity markets lower.  The dollar slid, and precious metals price climbed, which is a correlation that

  • US stocks started the session under pressure, unable to rebound from Thursday’s slide.  US stocks are poised to notch up their largest losses of 2013, as the dog days of summer take their toll on investor sentiment.  Retailers such as Macy’s (NYSE:M) and Wal-Mart (NYSE:WMT) missed on sales and gave forward guidance that was less

  • With a number of retailers reporting disappointing results so far this week, the street has questioned the true strength of the economy. Retailers across the board have blamed economic turbulence, losses in discretionary spending, and fiscal policy for their difficult second quarters. We have seen both the high, the low, and the middle class consumer

  • The US stock market took another hit Thursday, declining at its fastest rate in two months. The benchmark gauges were all dragged down following weak earnings from Cisco Systems (NASDAQ:CSCO) and Wal-Mart Stores Inc (NYSE:WMT) . Exacerbating the fall were reports on consumer inflation and last week’s jobless claims, which only served to fuel expectations for

  • Wal-Mart (NYSE:WMT) , the world’s largest retailer, was forced to trim its annual profit forecast after reporting on weaker-than-expected second quarter sales. US sales fell 0.3 percent in the quarter ended July 26, well below expectations for a 0.9 percent gain. Despite the recent surge in US employment, low income consumers are struggling to make ends

  • Wal-Mart and Cisco Systems were the driving force behind the weakness in the major averages, as weaker than expected earnings combined with higher treasury yields eroded investor sentiment.  The tail end of the earnings season seems to have disappointed as the decline in consumer confidence has hurt major retailers such as Wal-Mart and Macy’s. Wal-Mart

  • Stock market » Walmart hints at economic struggle
    August 15, 2013, 15:32 GMT

    Walmart (NYSE:WMT) traded sharply lower following the company’s second quarter results on Wednesday. Shares were down by more than 2.1% in early trading as a result of lackluster earnings and revenues during the quarter. The company reported disappointing quarterly sales and consequently blamed tightening wallets and rising fuel prices. Comparable same store sales in the