The U.S. will lead a global economic recovery as the S&P 500 reaches half of global equity market cap The S&P 500 (SP500), (SPX) now represents more than 50% of total global equity market cap, generated by U.S. companies from a country that make up less than 5% of the global population. Consumer ... 11/14/2024 - 4:00 am | View Link
Macy’s reported weaker-than-expected preliminary sales for the fiscal third quarter and said it’s delaying the release of its quarterly earnings results after it discovered an up to $154 million accounting-related issue.
The department store chain, which also operates Bloomingdale’s and Bluemercury cosmetics chain in addition to its namesakes stores, was expected to report quarterly results on Tuesday.
The retailer said Monday that it identified an issue related to delivery expenses in one of its accrual accounts earlier this month.