Economy

The Discount Is Dead, and What Retailers Are Doing Instead

For more than a year, retailers’ play-calling has centered on deluging shoppers with discounts and other money-saving bargains-a tactic that resulted in a sea of sameness from one brand to another. While it’s true that deals are still prevalent, with retailers like Bloomingdale’s and J.C. Penney (JCP) ramping up their promotions at the end ofContinue Reading “The Discount Is Dead, and What Retailers Are Doing Instead”

Economy

Hibernating Consumers Cast Pall on U.S. Economic Growth

  WASHINGTON — U.S. consumer spending unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. But there are signs a rebound from the first-quarter’s slump is under way, with other reports on Monday showingContinue Reading “Hibernating Consumers Cast Pall on U.S. Economic Growth”

Economy

Are Home Warranties Worth the Money?

  If you’ve bought a home recently, you may have purchased or received a home warranty. However, consumers frequently expect more from these plans than they deliver. Home warranties aren’t insurance policies. They’re service contracts. Like a service contract that covers repairs to your computer, a home warranty is a company’s agreement to pay forContinue Reading “Are Home Warranties Worth the Money?”

Economy

Week’s Winners and Losers: PacSun’s Flag Fumble, GoPro Grows

There were plenty of winners and losers this week, with a struggling mall retailer rolling out a controversial T-shirt and the top dog in wearable cameras eyeing growth in the drone and virtual reality markets. Chipotle Mexican Grill (CMG) — Winner The country’s cult fave burrito roller moved higher after a timely analyst upgrade. MillerContinue Reading “Week’s Winners and Losers: PacSun’s Flag Fumble, GoPro Grows”

Economy

3 Ways to Diversify Your Portfolio With Gold

Gold is considered to be the world’s first currency. The yellow metal was melted into gold coins created by King Croesus of Lydia around 550 B.C. and circulated in many economies well before the creation of paper money. Today, Western investors view gold as an alternative asset, a commodity, a quasi-currency, a portfolio diversifier andContinue Reading “3 Ways to Diversify Your Portfolio With Gold”

Economy

US Jobless Claims Up, But Still Point to Labor Market Strength

By Lucia Mutikani The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but remained at levels consistent with a strengthening labor market. Initial claims for state unemployment benefits rose 7,000 to a seasonally adjusted 282,000 for the week ended May 23, the Labor Department said on Thursday. Claims for theContinue Reading “US Jobless Claims Up, But Still Point to Labor Market Strength”