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Wal-Mart cuts hours amidst wage pressures

Wages have been going up at Wal-Mart (NYSE: WMT), but the global retail giant has been cutting workers' hours to trim labor costs. "Managing hours is a routine part of running a sustainable operation, and in select number of stores, it requires keeping those hours to what was originally budgeted," Wal-Mart spokesman Kory Lundberg told CNBC on Monday. Lunberg spoke after Bloomberg News reported ...
Source: CNBC.com | By: Anita Balakrishnan
Advice from best long-term investor in a generation  

Media Link Transcript I'm not a technician but if you look at the SMP as a proxy for the market finished 1988 on Friday. 111 dollars and operating earnings have stopped puts an arms that an eighteen multiple. The fact is that earnings are trending down we started this year with it forecast operating earnings above 130. And actually the 111 figure this basically is one and a half percent up ...
Source: CNBC.com
JC Penney gets a bump higher  

Media Link Transcript But I think low single low may be convinced you of the two type growth is doable for JC Penney that's very consistent with our view that the business model is stabilized. It will loves the CEO Marvin Ellison from an operational perspective. They brought in a couple of new marketers they've gone back to more traditional retailing you yourself just say do you think that you ...
Source: CNBC.com
Halftime Portfolio: Jon sells Ascena  

Media Link Transcript Even when that that doctor is out of the office he still finds time to check up on his halftime portfolio of doctor de Donna Darien live from the CME in Chicago joining us now with his latest trade. You sold out of the cedar retail on Friday and today you're buying a stock in a similar category doctor Jack what does that. Yes Sarah while this one I talked about last week ...
Source: CNBC.com
China impact on EMs is overstated: JPM Strategist

Market watchers are overestimating the impact of China's economic slowdown on emerging markets, JPMorgan's chief Asian and emerging market equity strategist said Monday. Emerging markets suffered one of their worst routs on record last week, with investors pulling a combined $15.3 billion from bond and equity funds through Aug. 27. The MSCI Emerging Markets Index is down nearly 18 percent year ...
Source: CNBC.com | By: Tom DiChristopher
Cramer: Ignore temptation! Do not sell FANG  

Media Link Transcript Thanks very tempting at this recent value say you know what I. Back my acronym for FaceBook Amazon netbooks Google. Bet I've overstayed my welcome I'm glad that come back you know lack tells us that one. You know that in joining FaceBook Amazon Netflix and Google's new leaders this market is of course in not to jinx he. Although they'd been pat is performer since the ...
Source: CNBC.com
UPDATE 2-Dollar General trims FY same-store sales growth expectations

* 2nd qtr sales $5.10 bln vs est. $5.14 bln * Reiterates full-year profit, sales forecast * Sees FY comp sales at low end of 3-3.5 pct growth view * Q2 same-store sales up less than expected * Shares fall as much as 4.8 percent (Adds details, analyst comment; updates shares) Aug 27 (Reuters) - Dollar General Corp, the No.2 U.S. discount retailer by store count, reported quarterly sales that ...
Source: Reuters | By: Subrat Patnaik
Cramer's Mad Dash: AVGO & WDAY  

Media Link Transcript I know we're standing again. I don't know tightening for back to normalcy but now we're standing up for bad guests on this Thursday when a store the Bogle reported earnings after the vote yes there were attacked. In the comp scores even betters a level conference this company is fat and extraordinary. Why don't like talk about a Bogle because Skyworks Solutions also Bogle ...
Source: CNBC.com
Retail earnings roundup  

Media Link Transcript Is Ohio jeweler Tiffany can out moments ago falling short on both top and bottom lines also weak guidance at least the implied numbers comp. Flat US data that lower tourist spending up 6% in Asia Pacific but torso were apparently spending in Europe and Japan cons of 19%. And 21%. Respectively again remember US as the big market there separately after the bell yesterday ...
Source: CNBC.com
Buy these tech stocks  

Media Link Transcript I do long the names in the I got a new account today I would be buying the apples that Facebook's that Google's the Netflix of the world. There was that a great article in the New York Times today had enough he sought but it should defeat of Afghan refugees and they were traveling to a better country to seek a better life and it. Had its awesome picture and it and that's ...
Source: CNBC.com