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Live Updates Live Coverage Updates appear automatically as they are published. Bonds on Sale 1:19 pm The Treasury’s auction of 5-year notes has concluded. Paying 4% interest, the $70 billion in notes sold at an average yield of 4.07%, indicating a small 1.7% discount to face value. At the Right Price, Investors Still Love T-Bills 11:52 am $70 billion worth of 5-year Treasury notes are about to go on auction, and demand looks healthy even as yields rise. (Which makes sense. Higher yields imply lower prices, and everybody likes a bargain, even when we’re talking about U.S. government debt). 2-year Treasuries went on sale yesterday, and demand was described similarly as “solid.” The Dow is still down 0.3%. Apple and iPhones in Focus 11:17 am Dow component company Apple (Nasdaq: APPL) is in focus today as Loop Capital analyst Ananda Baruah reiterates a hold rating and $215 price target on the tech stock. “Tariff actions” are pulling demand for iPhones fo

Live Updates Live Coverage Updates appear automatically as they are published. Biotech Benefits from Generative AI 2:02 pm by Gerelyn Terzo Wall Street firm Jefferies believes certain biotechnology stocks are poised to benefit from AI advancements. Analyst Michael Yee told CNBC that the sector is likely to save billions of dollars as well as time in getting drugs to market thanks to the role of generative AI in drug discovery. The firm is bullish on biotech stocks for the rest of 2025, saying any bad news is already built into the sector. The Nasdaq Composite is basically flat ahead of Nvidia’s earnings. Market Update 12:33 pm by Gerelyn Terzo Stocks are continuing to play it safe in today’s trading session, with the three major stock market averages fractionally lower across the board. VP JD Vance is headlining today’s Bitcoin 2025 event, but it’s doing little to lift the BTC price, which is up about 0.17%. Nvidia (Nasdaq: NVDA) stock is up 0.33% today ahead of

Live Updates Live Coverage Updates appear automatically as they are published. Great Expectations 12:38 pm by Gerelyn Terzo A cautious tone persists in today’s trading, with the three major stock market averages slightly in the red. Nvidia (Nasdaq: NVDA) shares are up 0.33% ahead of its highly anticipated quarterly earnings report expected after the closing bell. The prevailing sentiment is that Nvidia will once again exceed expectations and upgrade its guidance due to strong AI and chip demand. Yet, concerns linger regarding a potential write-down linked to China revenues, even with overall strong demand. The SPY ETF is lower by 0.16%. Consumer Spending on Deck 10:49 am by Gerelyn Terzo The markets will receive greater insight on the resilience of the consumer this week. Personal Income and Spending data for April is due out on Friday. This data follows a period of robust consumer spending observed in March. Economists at Wells Fargo anticipate a 0.3% increase in personal income

Macy's is navigating tariff impacts, warning of selective price increases and strategic changes, aiming to sustain profitability amid a competitive retail landscape.

M's Q1 comps dip Y/Y, led by softness in the core brand. However, Bloomingdale's and Bluemercury show continued strength across banners.

Macy's (M) shares gained Wednesday as the biggest U.S. department store chain's better-than-anticipated profit offset warnings about the potential impact of tariffs, which the company plans to address with some price hikes.

Macy's, Inc. (NYSE:M) lowered its full-year profit forecast on Wednesday, citing pressure from higher tariffs and cautious consumer spending, even as it reported stronger-than-expected first-quarter results. The department store chain now expects fiscal 2025 earnings of $1.60 to $2 per share, down from a prior range of $2.05 to $2.25.

Macy's, Inc. (NYSE:M ) Q1 2025 Earnings Conference Call May 28, 2025 8:00 AM ET Company Participants Pamela Quintiliano - VP of IR Tony Spring - Chairman and CEO Adrian Mitchell - COO and CFO Conference Call Participants Blake Anderson - Jefferies Paul Kearney - Barclays Brooke Roach - Goldman Sachs Alex Straton - Morgan Stanley Matthew Boss - JPMorgan Dana Telsey - Telsey Advisory Group Michael Binetti - Evercore ISI Chuck Grom - Gordon Haskett Operator Greetings, and welcome to the Macy's, Inc. First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.

The company also nodded to challenges from a slowdown in consumer spending and more competitive promotions and discounts across the retail industry.

Department store chain Macy's topped first quarter estimates on its top and bottom lines, posting revenue of $4.6 billion (vs. estimates of $4.46 billion) and adjusted earnings of $0.16 per share (vs.