The Commerce Department’s Personal Income and Consumer Spending numbers have been released for May 2009 and the numbers were +1.4% on Personal Income and Consumer Spending was Up +0.3%. The income portion was significantly…
Target Corporation (NYSE: TGT) was hurt as the recession took hold and customers had to go searching for cheaper and cheaper products. Wal-Mart Stores (NYSE: WMT) was the winner there. Now Target is aiming…
Big tobacco got over yet another big news hurdle yesterday after a U.S. District Court sided with Reynolds American (RAI) in its long-running patent tussle with Star Scientific (STSI), this on the heels of new…
We saw tame inflation on the wholesale level yesterday, We have a mere +0.1% on both the headline CPI and on the Core CPI this morning. Dow Jones had CPI estimates at +0.3% on…
Wal-Mart Stores Inc. (NYSE: WMT) is acting like a broken stock, and this morning’s big downgrade is not helping matters at the world’s largest retailer. Goldman Sachs has removed the stock from its Conviction…
Congress has finally come within a day or two of finalizing a bill the will have the FDA regulate the tobacco industry. The markets of cigarettes, cigars, and chew have avoided the government’s boot…
Wal-Mart Stores Inc. (NYSE: WMT) gave shareholders a surprise at this morning’s annual shareholder meeting. The retail giant announced that it was going to repurchase up to $15 billion worth of common stock.
This morning we got to see the Commerce Department’s results showing a gain of +0.5% in income and a drop in spending of -0.1%. We had estimates from Bloomberg at -0.2% on income, and…
It has begun to dawn on more and more large companies that high-priced goods are costing them sales during the recession. Maybe the only way for them to hold onto customers is to offer…
Whole FoodsWhole Foods Market, Inc. (NASDAQ: WFMI) is set to report earnings after the close of trading today. We have Thomson Reuters targets of $0.18 EPS and $1.87 billion in revenue. We will be…
Equity futures just tanked on economic reports coming in worse than expected. Retail sales for the month of April were -0.4%, which is worse than the +0.1% that economists were looking for. There is…
Wal-Mart Stores Inc. (NYSE: WMT) is up big this morning on a whopper of a same-store-sales figure for the month of April. The world’s largest retailer also noted that its 13-week comparable store sales…
If consumer spending on inexpensive items is supposed to be a foreshadowing of an improving economy, better days are still a long way off. Unilever, one of the largest consumer goods companies in the…
There has been an interesting trend in the globalization movement. The U.S. has seen some major brands and major companies get acquired by foreign public companies, but suddenly U.S. investors have a very hard…
The reading on inflation from the Labor Department on Consumer Price Index is out. The CPI for March came out at -0.1% for nominal CPI and +0.2% on the core CPI measurement of ex-food…