» Wallets Wide Shut
14/11/08 14:00 from Portfolio.com: News and Markets
A s if warnings and bankruptcies by retailers weren't signs enough, the government has released a strong confirmation that consumer spending has squealed to a halt. Retail sales shrank 2.8 percent in October, the fourth consecutive monthly..
» The Last Retailing Redoubt
13/11/08 18:00 from Portfolio.com: News and Markets
Things are looking good for Wal-Mart—at least for now. Wal-Mart Stores reported a better-than-expected 10 percent rise in third-quarter profits on Thursday, as consumers who have all but abandoned pricier retail channels continued to ..
» The Crunch Is Becoming a Crisis
13/11/08 14:30 from Portfolio.com: News and Markets
In a fresh sign of how the credit crunch is morphing into an economic crisis, the number of Americans filing their initial claims for unemployment insurance soared to more than half a million last week, the highest level in 17 years. The La..
» Worst. Buy. Ever.
12/11/08 14:00 from Portfolio.com: News and Markets
F or retailers, Christmas has been canceled. The holiday shopping season has not even started yet, but its epitaph has already been written by Best Buy. The electronics retailer said that because of the weakness in consumer spending it was..
» Worst of Times
11/11/08 05:00 from Portfolio.com: News and Markets
E conomists regard the Great Depression as something akin to the Black Death: a fascinating and terrifying historical aberration that, thankfully, can never happen again. Despite a stock market collapse and the demise of several huge finan..