Retailers beg for half-point rate cut
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Business & money: Bargain-chasing shoppers force stores into heavy price discounting after slowest Christmas sales growth in three years
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Business & money: Ailing car giants push union to agree pay cuts.
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Stores report long queues as shoppers hunt post-Christmas bargains
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Business & money: West's leading thinktank urges Federal Reserve to cut interest rates as housing market crisis deepens.
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The nation's retailers slashed prices further Wednesday in hopes that a post-Christmas shopping rush will salvage holiday sales that, so far, have fallen below even modest expectations. They're waiting in particular for legions of shoppers armed with gift cards to snap up bargains and buy new merchandise that has just hit store shelves.
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Merchants are slashing post-holiday prices even deeper, hoping to squeeze the last bit of sales from a shopping season that many retailers are finding unimpressive.
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The discount retailer calls two tough plays in hopes of scoring.
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Federal Reserve chops another half point off interest rates - to 3% - in bid to head off economic recession
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Discount retailer struggles to remain relevant, but one Fool thinks it's time to scuttle the ship.
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Consumers are feeling the pinch after five interest rate rises in less than a year, with a slowdown in the rampant housing market, ebbing consumer morale and a drop in retail sales, data show.
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Retailers are having to slash prices earlier to attract pre-Chrismas shoppers, a survey suggests.
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Three regional Federal Reserve banks wanted a deeper half-percentage-point cut in the discount rate ahead of December's Fed policy meeting, minutes of the Fed Board's discount rate meetings showed on Tuesday.
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The nation&#39;s merchants cut prices even deeper on Sunday, the day after Christmas, in hopes of squeezing more sales out of what&#39;s winding up to be an unimpressive holiday season.
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Shoppers headed to malls and stores to grab discounted coats, cashmere sweaters, and other items yesterday as merchants slashed prices even deeper in hopes
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Bad weather hit sales at Boots in the first half, while margins felt the pressure from price cuts made to combat stiffening competition, Britain&#39;s biggest health and beauty retailer says.
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This retailer's still trying to loosen up.
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A sputtering job market has convinced economists at key U.S. investment banks that the Federal Reserve will need to resort to a steeper half-percentage point interest rate cut when it meets later this month.