Why Macy’s Stock Rallied Then Cratered Over Q2 Earnings Report
After surging ahead of the benchmarks in the morning session on strong online sales in Q2, Macy’s stock dipped below the open on $431M losses.
Macy’s
Macy’s Board Disgustingly Back-Slaps Execs After Slashing 3,900 Jobs
Macy’s management just cut 3,900 jobs. Shares have fallen 66% in a year. The board is rewarding the C-suite with a $9 million payday.
Virgin Galactic’s Surge Exposes Everything Wrong with the Stock Market
This is why Virgin Galactic’s inexplicable surge encapsulates everything wrong with the U.S. stock market.
U.S. Stock Futures Tumble as the Death of American Retail Continues
U.S. stock futures tumbled in overnight trading Tuesday, as investors reacted to political headlines and the closing of hundreds of Macy’s stores.
Recession Conspiracy Theories Are All Wrong: Former Fed Chair
By CCN.com: While Jerome Powell remains in the hot seat, a former Fed Chair insists that things are not that bad from where she sits. Janet Yellen, who was in Powell’s spot from 2014-2018, visited Fox Business where she said that the inverted yield curve, which has everyone in a tizzy about a recession, could … Read more
Macy’s Plunges 17.68%: Are US Retailers in Real Trouble?
With an unprecedented 17.68 percent drop on Thursday, Macy’s may possibly fuel a short-term decline of all retailers in the United States. Following the plunge in the stock price of Macy’s, other major retailers in the likes of Target have started to demonstrate a lack of momentum from the strong corrective rally the U.S. stock … Read more
Dow Fights to Hold 24,000, But Government Shutdown Puts Pinch on Airlines & Retailers
Dow Jones Industrial Average futures traded down slightly in pre-market trading on Friday as the blue-chip index fought to hold above 24,000 and extend a five-day winning streak as the US government shutdown hit the three-week mark. Dow Futures Dip Below 24,000 As of 8:36 am ET, Dow futures implied losses of 60 points or … Read more
Walmart & Target Thrive While Macy’s, Kohl’s Crash on Weak Holiday Sales
Retailers are suffering in a very general way, with Sears fighting liquidation efforts and most stores posting disappointing figures. Shares in Macy’s (M) are down roughly 16% over the 24-hour period on the Big Board. Post-holiday sales figures of today disappoint everyone. It began the 24-hour period at over $31, but by the time of … Read more
Macy’s and American Airlines Shares Fall, Dow Jones Holds on
After four days of stock market recovery and gains on the Dow Jones Industrial Average and elsewhere, the markets are at risk of slipping back. Macy’s and American Airlines revised forecasts, sending their stock prices spiraling. The Dow Jones, the overriding indicator of America’s largest companies, began to fall after nearly a week of recovery. … Read more