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2 mins read
Stock market today: Indexes trade mixed as Nvidia-led momentum takes a break ahead of earnings
Investors took a breather after the latest rally pushed indexes to new records in recent days. Nvid…
Filip De Mott
2 mins read
Macy's jumps 22% after huge earnings beat as Americans shake off COVID-19 fears and return to in-store shopping
Macy's also announced a partnership with WHP Global to bring 400 Toys "R" Us store-in-stores to its…
Isabelle Lee
1 min read
Macy's holiday sales dropped, but beat Wall Street estimates, as stimulus checks and strong online demand cushioned the blow of the pandemic
Macy's is betting on vaccine rollouts allowing customers to return to its department stores to shop…
Kate Duffy,Reuters
1 min read
Macy's surges 9% after its 450 reopened stores perform 'better than anticipated'
Macy's said it's seeing positive feedback from its curbside pick-up program, and has seen e-commerc…
Matthew Fox
2 mins read
Nike, Lululemon, and Starbucks join Macy's and Walmart in reducing store hours as Omicron spreads, causing staffing shortages
Omicron's rapid transmission rate means that large numbers of retail workers are getting infected a…
Mary Hanbury
2 mins read
Macy's executives got more than $9 million in stock bonuses after laying off 3,900 workers
The C-suite also reversed its temporary pay cuts from earlier this year as retail spending slowly r…
Graham Rapier
2 mins read
Gap, Macy's, and Foot Locker shares soar after a record rebound in retail sales
A raft of retail stocks jumped on Tuesday after official data showed a 188% rise in sales of clothi…
Theron Mohamed
2 mins read
Dow soars 516 points and Nasdaq climbs over 2% as strong earnings drive relief rally
Ongoing recession worries have yet to show up in weekly jobless claims, which fell 8,000 in the wee…
Matthew Fox
27 mins read
10. The Macy's Home Department
When the Macy's at Landmark Mall closed its doors, it became a homeless shelter. And a woman who on…
Dan Bobkoff,Anna Mazarakis,Cl…
2 mins read
US stocks climb as investors try to recover from the worst trading week of the year
The potential for higher-for-longer interest rates spooked investors last week, and the strong star…
Phil Rosen
2 mins read
Macy's joins Snoop Dogg and H&M as investors in Klarna and launches five-year payments partnership
BlackRock, Silver Lake, and Ant Group make up some of Klarna's other investors. The company's app c…
Grace Dean
5 mins read
Doomsday predictions about the end of Black Friday are now reality, as the pandemic threatens the most important shopping day of the year
Retailers are bracing themselves for perhaps their most challenging holiday shopping season ever, e…
Mary Hanbury
2 mins read
Global stocks edge toward their 1st weekly gain in 2 months ahead of key US inflation data
US stock futures rose ahead of the core PCE report as investors' inflation fears ebbed somewhat, on…
Zahra Tayeb
2 mins read
US stocks edge higher as investors try to recover from the worst weekly sell-off of 2023
All three indexes ended the day higher, regaining some ground after last week's hot inflation repor…
Jennifer Sor
1 min read
US stocks close mixed as retail earnings point to consumer resilience but inflation concerns persist
Consumer discretionary stocks led gains on the S&P 500, with Macy's and Kohls climbing after strong…
Carla Mozée
2 mins read
US stocks slump as Fed officials see more rate hikes in the pipeline to tame inflation
Alongside Fed speakers, investors assessed mixed quarterly results from retailers Macy's and Kohl's.
Carla Mozée
1 min read
US stocks rise on labor-market optimism as jobless claims hit another pandemic low
Macy's and Kohl's helped support the move higher in stocks Thursday, continuing a string of strong …
Carla Mozée
4 mins read
Americans are about to put the brakes on spending, and that's got Wall Street analysts on alert. Here's why, and what it means for stocks.
Retailers suggest consumer spending is beginning to fall, but analysts say it's possible the Fed wi…
Ryan Hogg
3 mins read
US stocks fall as comments from Fed officials dash hopes for a pivot on rate hikes
Recession concerns were on display in Treasury yields with the one-year yield and the 10-year yield…
Carla Mozée
1 min read
Nordstrom dives 29% as higher labor costs and low inventory at Nordstrom Rack lead to quarterly earnings miss
While the upscale retailer backed its fiscal-year sales outlook, CEO Erik Nordstrom said "when we l…