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Macy’s Cuts FY Adjusted EPS Outlook To Account For Initial & Current Tariffs
May 28 (Reuters) - Macy's Inc M.N:MACY’S Q1 COMPARABLE SALES DOWN 2% ON AN OWNED BASISMACY’S Q1 NET SALES $4.6 BILLION VERSUS IBES ESTIMATE $4.5 BILLIONMACY’S Q1 ADJUSTED EPS $0.16 VERSUS IBES ESTIMATE $0.14MACY’S: REAFFIRMS 2025 NET SALES, COMPARABLE OWNED-PLUS-LICENSED-PLUS-MARKETPLACE SALES G...Reuters
Wed, May 28
Stocks
1 Stock Down 35% This Year You'll Regret Not Buying on the Dip, According to Wall Street
It's been a challenging year for NovoCure (NASDAQ: NVCR), an oncology-focused biotech. The stock is down by 35% since early January. Though marketwide issues probably didn't help, NovoCure mostly has itself to blame for its year-to-date performance. Its shares declined after a disappointing fourth-q...The Motley Fool
Wed, May 28
Commodities
PRESS DIGEST-Canada - May 28
May 28 (Reuters) - The following are the top stories from The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Definity Financial DFY.TO is set to acquire the Canadian operations of U.S. insurance giant Travelers TRV.N for $3.3-billion,...Reuters
Wed, May 28
Cryptocurrencies
Bitcoin Is The Golden Standard, According to Trump: What’s the Best New Crypto to Invest In?
US President Donald Trump’s top crypto advisor Bo Hines declared yesterday that ‘Bitcoin is golden standard’ in cryptocurrencies on the first day of the Bitcoin Conference 2025. He added that the US government is looking to acquire as much $BTC as it can get through its Strategic Bitcoin...Bitcoinist
Wed, May 28
Other
Macy's cuts annual profit forecast amid tariff uncertainty
May 28 (Reuters) - Macy's M.N cut its annual profit forecast on Wednesday as the top U.S. department store operator navigates tariff-led uncertainty and cautious spending on apparel and accessories.The company expects 2025 adjusted profit per share to be between $1.60 and $2.00, compared with it...Reuters
Wed, May 28
Stocks
TD Cowen downgrades Skechers to 'hold' after 3G Capital deal
** TD Cowen downgrades footwear firm Skechers SKX.N to "hold" from "buy", maintains PT at $63** Brokerage says chance of another buyer making an offer for Skechers is now closed** Co announced plans on May 5 to sell to 3G Capital in a so-called take-private deal for about $9.4 billio...Reuters
Wed, May 28
Other
EU plans tech scale-up fund to narrow gap with US, China
US late-stage scale-up financing seven times more than EUScaleup Europe Fund likely to be double-digit bln-euro sizePrivate funds should multiply public money by about fiveBy Philip BlenkinsopBRUSSELS, May 28 (Reuters) - The European Commission plans to create a public-private fund of at least 10 bi...Reuters
Wed, May 28
Stocks
DoorDash dips after upsized $2.5 bln convertible bond sale
** DoorDash's DASH.O shares down 0.3% premarket at $204.20 after meal delivery platform clinches capital raise** San Francisco-based DoorDash late Tues announced pricing offering of $2.5 bln 0% 5-yr convertible bonds** Offering size boosted from $2 bln; initial conversion price of $291.87 repres...Reuters
Wed, May 28
Stocks
Imagine Your Retirement Without Social Security -- Would You Survive?
Science fiction is often referred to as a genre that specializes in tackling "what if" questions. For example, what if we could time-travel? What if robots had minds of their own? What if aliens came to Earth to rule us? What if our society devolves into a dystopia?Whether you enjoy that genre or no...The Motley Fool
Wed, May 28
Other
National Bank of Canada's second-quarter profit rises on strong financial markets business
May 28 (Reuters) - National Bank of Canada NA.TO reported a rise in second-quarter profit on Wednesday, helped by a robust performance in its financial markets units. Increased market volatility due to rapidly shifting U.S. trade policies and the resultant economic uncertainty drove trading volumes ...Reuters
Wed, May 28
Other
Kremlin: Trump not fully informed when saying Putin was 'playing with fire'
MOSCOW, May 28 (Reuters) - The Kremlin believes that U.S. President Donald Trump was not fully informed about the Russia-Ukraine conflict, foreign policy aide Yuri Ushakov said on Wednesday. He was commenting on remarks by Trump that Vladimir Putin was "playing with fire" by refusing to en...Reuters
Wed, May 28
Commodities
Four firms including Qatar's UCC to expand Syrian power grid
DOHA, May 28 (Reuters) - The Syrian government is set to sign deal on Thursday with four companies to expand its electrical grid by 5,000 megawatts through the development of gas turbines and solar plants, according to a company media invitation.The agreement launching the Syria Power Revival Initia...Reuters
Wed, May 28
Other
Louisiana passes insurance rate regulation bill, trade groups warn it will negate legal abuse reforms
By Michael LoneyMay 28 - (The Insurer) - Insurance trade groups have said that Louisiana’s legislature and governor are taking “three steps forward and five steps back” by following the enactment of legal system abuse reform bills with a rate regulation bill that was passed on Tuesday.Louisiana’s Ho...Reuters
Wed, May 28
Stocks
Cruise operator Viking down after $1.3 bln secondary offering priced
** Shares of cruise operator Viking Holdings VIK.N down 1.3% on light premarket trading volume at $44.33 after secondary offering priced ** Luxury river and ocean cruise line co late Tues announced ~30.5 mln shares at $44.20, 1.6% discount to last sale ** Private equity firm TPG TPG.O...Reuters
Wed, May 28
Other
Michael Kors parent Capri lowers annual revenue forecast
May 28 (Reuters) - Michael Kors-owner Capri Holdings CRPI.N cut its revenue forecast for 2026 on Wednesday signaling that tariff-related uncertainty was weighing on an already fragile demand for its leather handbags and accessories in North America and Asia.The company now expects total annual reven...Reuters
Wed, May 28
Stocks
Okta drops after maintaining annual revenue forecast, brokerages cut PT
** Cybersecurity company Okta OKTA.O drops 13.3% premarket to $108.98 after maintaining annual revenue forecast** Co beats Q1 profit and revenue estimates, FY26 forecasts factors uncertain macroeconomic risks** At least five brokerages cut PT - Jefferies from $135 to $130; RBC from $147 to $135; D.A...Reuters
Wed, May 28
Stocks
Is CoreWeave Stock Still a Buy After Its 200% Rally?
Growth stocks have been all over the map this year. Despite bullish projections from analysts heading into 2025, President Donald Trump's global trade reset has weighed on markets: After several ups and downs, the benchmark S&P 500 is essentially flat year to date at the time of this writing.However...The Motley Fool
Wed, May 28
