Retailers who were hoping for some holiday cheer have found coal in their stockings this year.
According to MasterCard's (MA) SpendingPulse report, retail sales leading up to Christmas rose a paltry 0.7% from last year, which wasn't exactly a stellar year for retailers either. And it was far below the 3% to 4% analysts had expected.
It's been a couple of tough months for retailers, no thanks to Superstorm Sandy. Sales fell MORECatherine Tymkiw - Dec 26, 2012 12:26 PM ET
More people are hitting the eBay auction block to buy and sell their wares, and they're using PayPal to complete those online transactions.
EBay (EBAY) reported third-quarter earnings per share that beat Wall Street estimates by a penny and said they have 14% more active users over last year.
Investors said buy, buy, buy to the stock Thursday, sending its shares up more than 4%. Several Wall Street analysts did too.
StockTwits MOREMaureen Farrell - Oct 18, 2012 3:00 PM ET
Amazon.com is in advanced negotiations to buy the mobile chip business of Texas Instruments, according to Israeli newspaper Calcalist, which would put the online retail giant on the path to becoming a manufacturer of smartphone and tablet processors.
Shares of Dallas-based TI (TXN) rose nearly 3% following the report, while shares of Amazon (AMZN) declined slightly.
Amazon's Kindle Fire tablet is currently MOREHibah Yousuf - Oct 15, 2012 12:44 PM ET
Whitney Tilson is doubling down on Netflix (NFLX) and Warren Buffett's Berkshire Hathaway (BRKA).
Speaking to investors at the Value Investing Congress in New York Monday, the well-known hedge fund manager said Netflix is due for an Amazon-style (AMZN) ride over the next decade. Investors seemed to agree (at least for now), sending shares of Netflix up 3% Monday.
Tilson said Netflix has shown minimal profits because it's largely reinvested MOREMaureen Farrell - Oct 1, 2012 2:30 PM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
I love Amazon.com. Fantastic customer service. Prices MOREPaul R. La Monica - Sep 6, 2012 3:40 PM ET
Maureen Farrell - Aug 14, 2012 10:37 AM ET
What's the biggest difference between Amazon (AMZN) and Facebook (FB)? Amazon has been spending lavishly for more than a decade ... but CEO Jeff Bezos has been able to prove to Wall Street that the long-term investments are ultimately worth the short-term margin pain. Facebook CEO Mark Zuckerberg clearly hasn't earned that trust yet.
Facebook shares hit an all-time low Friday as investors were disappointed by profits that were merely in-line MOREPaul R. La Monica - Jul 27, 2012 12:58 PM ET
Investors have plenty of questions about the future of RadioShack following a dismal earnings report, but the electronics retail is still claiming to have the answers.
As it delivered a surprise $21 million loss for the second quarter, RadioShack (RSH) said it would also suspend its dividend program to help bolster its balance sheet. A balance sheet that's saddled with $679 million MOREHibah Yousuf - Jul 25, 2012 12:25 PM ET
Not a member yet?Sign up now for a free account