Macy's, Inc. (FDO.DE)
- Yahoo Finance Video
Microsoft's ChatGPT-4o integration, ethereum surge, retail earnings: Market Domination
On today's episode of Market Domination, Yahoo Finance Hosts Julie Hyman and Josh Lipton break down some of the trading day's biggest stories and the AI boom's impact on the market (^DJI,^GSPC, ^IXIC). Federal Reserve Governor Christopher Waller said he favors holding higher interest rates for longer, needing several months of favorable inflation data before pursuing rate cuts. Hennion & Walsh chief investment officer Kevin Mahn warns that this could be a slippery slope: "I think the Fed needs to be careful because if they keep rates too high for too long, they risk their own forecasted economic slowdown moving into a recessionary period." Microsoft's (MSFT) Build event kicked off with a series of announcements, like new plans to integrate OpenAI's ChatGPT-4o into its Azure AI Studio offering. This is the tech giant's latest artificial intelligence push to make it a key competitor as the AI race heats up. Ethereum (ETH-USD) prices are surging amid renewed optimism of the Securities and Exchange Commission (SEC) approving an ether ETF. Similar action in the crypto market was also seen in the lead-up to the SEC's decision on spot bitcoin ETFs at the start of 2024. Bitwise Asset Management CIO Matt Hougan expresses confidence, stating that the odds for a spot ether ETF approval are "up above 80% before the end of the year." On the retail front, Lowe's (LOW) and Macy's (M) both topped earnings expectations. However, shares of Lowe's are falling after the home improvement retailer saw a pullback among consumers in the do-it-yourself (DIY) segment, with sales in that category declining. Meanwhile, shares of Macy's are climbing after the company raised its full-year guidance amid weak consumer spending. This post was written by Melanie Riehl
- Yahoo Finance Video
Macy's stock climbs after topping Q1 earnings estimates
Shares of Macy's (M) are climbing higher after the company topped first quarter earnings expectations and raised its full-year guidance. Yahoo Finance Reporter Brooke DiPalma breaks down the earnings report and the department store chain's turnaround strategy amid weak consumer spending. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Yahoo Finance Video
Lowe's and Macy's earnings, FDIC chair resigns: Morning Brief
The Morning Brief Co-Hosts Seana Smith and Brad Smith are watching markets (^DJI, ^IXIC, ^GSPC) this morning as the major averages search for direction Tuesday morning. Retailers Macy's (M) and Lowe's (LOW) reported earnings beats for their first quarters this morning, each revealing something about US consumer spending in respective retail categories. Charles Schwab Chief Investment Strategist Liz Ann Sonders breaks down Wall Street's expectations for Nvidia's (NVDA) earnings tomorrow and the future for interest rate cuts by the Federal Reserve. Amer Sports (AS) CFO Andrew Page sits down with Yahoo Finance to talk about how consumers are flocking to the company's more "premium" apparel brands in its portfolio. FDIC (Federal Deposit Insurance Corporation) Chair Martin Gruenberg has resigned from his position after Congressional inquiries into reports of sexual misconduct and a toxic environment at the agency and pressure by lawmakers to step down. This post was written by Luke Carberry Mogan.
