Money

Best Buy’s Latest Holiday Ad: Gutsy, but So Naive

Filed under: Shopping, Consumer Electronics, Shopping Trends, Stores, Spending Alamy Best Buy (BBY) is getting unduly cocky in its latest holiday ad. Comic actor Will Arnett reads a revised version of “‘Twas the Night Before Christmas,” featuring a father who knocks off his holiday shopping list with a single trip to the consumer electronics superstore. Arnett goes on to call ...

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Uninsured Like Obamacare More Than Before, Despite Website Woes, Poll Finds

Filed under: U.S. Government, Health Insurance Getty Images By Lewis Krauskopf Uninsured Americans are showing more interest in the coverage offered under President Barack Obama’s healthcare law despite technical problems that have hindered enrollment through a government website, according to a Reuters/Ipsos poll. The glitches have crippled HealthCare.gov, the new online insurance marketplace meant to serve people in 36 states, ...

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After Market: Dow Sets a Record, but Troubles at Tesla Drag Down Nasdaq

Filed under: Earnings, Market News, Stocks, IPOs The Dow jumped to another record high Wednesday, but the Nasdaq was pulled down mostly by one stock. The Dow industrials (^DJI) rallied 128 points to 15,747, topping the all-time high set last week. The S&P 500 (^GPSC) rose 7 points to 1,770, but the Nasdaq (^IXIC) lost 8 points to 3,932. Overall, ...

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Toys R Us Joins Crush of Retailers to Open Earlier on Thanksgiving

Filed under: Company News, Holiday Shopping, Consumer Goods, Consumer Issues, Toys Alamy By MAE ANDERSON NEW YORK — Toy shoppers, forget about relaxing after a big Thanksgiving meal. Toys R Us is pushing back its opening time for the fifth year in a row, opening doors at 5 p.m. nationwide on Nov. 28, Thanksgiving Day, three hours before its 8 ...

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Many Americans See China as Dominant Economic Power

Filed under: GDP, Global Economy, China, World Markets, Investing Tomohiro Ohsumi/Bloomberg via Getty Images By Ansuya Harjani More than one quarter of Americans currently perceive China as the world’s dominant economic power, according to a new survey, a reflection of the changing global order. While the majority, or 59 percent, of Americans see the United States as the world’s dominant ...

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CVS Caremark 3Q Profit Rises, Beats Street’s Forecast

Filed under: Company News, Earnings, Retail, Consumer Goods, Drug Companies John Raoux/AP By TOM MURPHY CVS Caremark’s third-quarter net income climbed 25 percent in a performance that beat Wall Street expectations. The drugstore operator and pharmacy benefits manager also raised its 2013 earnings forecast. The Woonsocket, R.I., company’s shares then shot past the all-time high price they reached last month ...

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Home Prices Rise at Slower Pace in September

Filed under: Mortgages, Real Estate, Housing Market, Home Buying, Interest Rates Justin Sullivan/Getty Images By CHRISTOPHER S. RUGABER WASHINGTON — A measure of U.S. home prices rose only slightly in September from August, a sign that prices are leveling off after big gains earlier this year. Real estate provider CoreLogic said Tuesday that home prices increased 0.2 percent in September ...

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Money Minute: Harley’s Less Hoggish Bikes; the New King of Mutual Funds

Filed under: Energy, Earnings, Market News, Family Money, Mutual Funds Harley-Davidson is putting the Hog on a diet. That and more top money stories you need to know Tuesday. Nam Y. Huh/AP Harley-Davidson (HOG) will begin selling a pair of new, smaller motorcycles in the spring. They’re designed for younger, urban riders who favor maneuverability over power. The new bikes ...

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U.S. Service Sector Growth Quickens in October

Filed under: Economic Indicators, Job Market, Manufacturing, Economy, Investing David Goldman/AP By Steven C. Johnson NEW YORK — U.S. service-sector business activity picked up in October and firms took on workers despite a partial government shutdown, but new order growth slowed for a second straight month, an industry report on Tuesday showed. The Institute for Supply Management said its services ...

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Global Warming Experts Make a Surprising Request, & 4 More Things to Know

Filed under: Energy, Media, Green, Food & Beverage, Agriculture Getty Images Here’s a quick rundown from the world of business and economics this morning: the things you need to know, and some you’ll just want to know. o. Four of the world’s leading experts on the science of climate change and global warming have sent a message to leading environmental ...

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