M Sep 2024 21.000 put
| Previous Close | 3.4500 |
| Open | 3.4500 |
| Bid | 2.7300 |
| Ask | 4.9500 |
| Strike | 21.00 |
| Expire Date | 2024-09-20 |
| Day's Range | 3.4500 - 3.4500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 16 |
- Yahoo Finance Video
Macy's credit card delinquencies show tighter consumer wallets
Macy's (M) revealed in its first quarter earnings report that more consumers with Macy's credit cards are falling behind on their payments. The company's credit card revenue was $117 million in its first quarter, a decline of $45 million from the prior year. This figure signals a weakening consumer as inflation remains sticky and wallets tighten. Credit card delinquencies rose nearly 8.9%, according to the Federal Reserve Bank of New York. Meanwhile, the average credit card debt per borrower, according to TransUnion, sits at just over $6,000. Yahoo Finance's Seana Smith breaks down this consumer pressure and how major companies are responding. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
- Yahoo Finance Video
Ether ETF hopes, Macy's earnings, Nvidia: 3 Things
Stock futures (^DJI, ^GSPC, ^IXIC) are muted on Tuesday morning after the tech-heavy Nasdaq recorded a new record closing high on Monday. The moves are tied to AI optimism, as investors await Nvidia's first-quarter results (NVDA). First-quarter retail earnings from Macy's (M) and Lowe's (LOW) provided a fresh read on the state of the consumer. Macy's beat expectations as it weighs a future between a turnaround and a buyout. Lowe's beat on earnings and revenue even as consumers spent less on DIY projects. Ethereum (ETH-USD) and bitcoin (BTC-USD) are surging on renewed hopes of a new class of US exchange-traded funds (ETFs) tied to ether. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This article was written by Gabriel Roy.
Barrons.comMacy’s Tops Earnings Estimates. Its New Turnaround Plan Starts to Pay Off.
Macy’s fiscal first-quarter sales dipped from a year ago, but earnings barreled through Wall Street’s expectations as the company’s turnaround plan starts “gaining traction.” Adjusted earnings of 27 cents a share were ahead of consensus estimates for 16 cents a share, according to FactSet. Macy’s shares ticked up 0.5% to $19.20 in early morning trading Tuesday.
