Macy’s, the renowned department store chain, is currently grappling with the fallout from a significant accounting scandal that has raised questions about its internal controls and ethical standards. Recently, the company revealed that an employee had manipulated delivery expense records, concealing nearly $151 million from its financial books over a span of almost three years.
Trends
When it comes to buying a used car, timing is everything. Savvy consumers know that understanding market trends can play a significant role in securing a great deal. Analytical insights from car sales data reveal that certain times of the year offer exceptional opportunities for buyers, making it worthwhile to shop strategically. If you’re hunting
Alaska Air Group is poised for an ambitious journey toward a significant profit increase of $1 billion by the end of 2027. The airline is strategically planning to harness the rising demand for high-end travel as a catalyst for this growth. With the recent completion of its $1.9 billion acquisition of Hawaiian Airlines, Alaska has
As we look toward 2025, the financial landscape is brimming with opportunity, especially in the spheres of infrastructure and cybersecurity, given the exponential growth of artificial intelligence (AI). Jay Jacobs, the U.S. head of thematic and active ETFs at BlackRock, emphasizes that the ongoing AI revolution is only in its nascent stages. This early phase
The holiday shopping season is heralded as the most lucrative time of the year for retailers, with sales figures soaring to unprecedented levels. However, an alarming trend is accompanying this financial boon—the rising number of product returns. According to a recent report by the National Retail Federation and the return management firm Happy Returns, returns
In the housing market, dynamics are rapidly shifting as prospective homebuyers react to the evolving landscape of mortgage rates and inventory levels. Recent data has shown that mortgage application volumes have experienced an uptick of 2.8% from the previous week, as reported by the Mortgage Bankers Association (MBA). This slight increase can largely be attributed
American Eagle Outfitters, a prominent player in the apparel retail sector, has seen a significant shift in investor sentiment following its recent third-quarter earnings report. The company’s shares plummeted nearly 13% in after-hours trading after it disclosed weaker-than-expected guidance for the holiday season alongside a reduction in its full-year revenue forecast. This downturn raises questions
The ultra-luxury real estate market has demonstrated remarkable resilience, especially in select U.S. cities, despite facing challenges in other parts of the globe. Recent sales reports reveal a wave of enthusiasm, particularly in New York, Miami, and Palm Beach, Florida, during the second quarter of this year. These locations have emerged as strongholds for high-net-worth
As the holiday season approaches, trends in luxury leisure and intellectual exploration begin to surface, especially among affluent clientele. J.P. Morgan Private Bank has curated its “NextList2025,” a selection of extraordinary books and experiences that cater to the desires of wealthy individuals. This year’s list encompasses a diverse array of enticing offerings, from George Clooney’s
When assessing the influence of presidential elections on stock market dynamics, investors often grapple with uncertainty and seek clarity from historical data. However, the relationship between electoral outcomes and market performance is hardly straightforward. Analysis indicates that the stock market’s reaction in the aftermath of presidential elections varies considerably, with no clear patterns emerging. For