Macy’s recent fiscal first-quarter earnings report showed positive results, with earnings per share coming in at 27 cents adjusted versus the 15 cents expected by Wall Street analysts. Additionally, the retailer’s revenue of $4.85 billion was in line with expectations, pointing to early signs of momentum in its turnaround strategy. Despite this positive achievement, Macy’s
Digital
The U.S. Securities and Exchange Commission is facing a crucial decision regarding the approval of ether exchange-traded funds, but according to Ric Edelman, head of the Digital Assets Council of Financial Professionals, the lack of a comprehensive regulatory framework for cryptocurrencies is likely to result in another delay. Edelman emphasizes the need for updated regulations
In the past year, media giants faced challenges in wooing advertisers during the Upfronts meeting week. Due to a Hollywood strike and cost-cutting measures affecting their content and star power, companies like Disney and Warner Bros. Discovery had to pivot towards emphasizing sports over scripted shows. This shift was particularly evident in this year’s presentations,
Siemens, the renowned German technology giant, recently announced a decrease in profit from its industrial business in the fiscal second quarter. The company reported that its industrial profit amounted to 2.51 billion euro in the three months ending in March, marking a 2% decline from the previous year. This figure fell short of the analyst
The recent surge in the shares of AMC Entertainment and GameStop has once again captured the attention of investors and the general public alike. This new rally, fueled by social media, has reignited the phenomenon of “meme stocks.” The resurgence of these stocks can be attributed to a social media account known as “Roaring Kitty,”
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