JPMorgan raises its price target for Macy's (M) from $23 to $25 but maintains the retailer's Overweight rating. The analyst behind the call cites Macy's attempts to reposition itself for a turnaround, including better margins and sales growth. Yahoo Finance Retail Reporter Brooke DiPalma joins Yahoo Finance to break down the latest developments for Macy's amid its announcement of 150 store closures. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
JPMorgan raises its price target for Macy's (M) from $23 to $25 but maintains the retailer's Overweight rating. The analyst behind the call cites Macy's attempts to reposition itself for a turnaround, including better margins and sales growth.
Yahoo Finance Retail Reporter Brooke DiPalma joins Yahoo Finance to break down the latest developments for Macy's amid its announcement of 150 store closures.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino
Reuters
NEW YORK (Reuters) -The public’s expectations around the longer-run trajectory of inflation deteriorated in February, a report from the Federal Reserve Bank of New York said Monday. While inflation a year from now was seen holding steady at 3%, respondents to the bank’s latest Survey of Consumer Expectations said that they see inflation three years from now moving to 2.7% from January’s 2.4%, with inflation in five years at 2.9%, from the prior month’s 2.5%. The rise in the three-year expected rate of inflation was the first month-over-month gain since last September, while the month-over-month rise in the five year was the first since last August.
Benzinga
In recent times, the crypto space has witnessed an unprecedented fever: meme coins, those peculiar digital currencies born as a joke and quickly turned into a genuine financial rollercoaster. The fascination for these assets has reached such heights that some investors liken them to a night at the casino: thrilling, full of ups and downs, and, at times, disastrous. Since the phenomenon's emergence in 2013 with the infamous Dogecoin (CRYPTO: DOGE), meme coins have evolved from simple parodies to
Investor's Business Daily
Major indexes in the stock market today dropped sharply at the open but quickly trimmed losses and kept those deficits on the mild side. Facebook-parent Meta Platforms got hit hard while fellow Magnificent Seven player Nvidia managed to erase most of its losses after getting rocked earlier. Arch Capital GroupACGL, member of IBD's property and casualty insurance industry group, rallied 3% to 90.31 and surpassed an 88.77 entry in a relatively shallow cup with handle.
Associated Press Finance
Airbnb said Monday that it's banning the use of indoor security cameras in listings on its site around the world by the end of next month. “These changes were made in consultation with our guests, Hosts and privacy experts, and we’ll continue to seek feedback to help ensure our policies work for our global community," Juniper Downs, Airbnb’s head of community policy and partnerships, said in a prepared statement. Airbnb had allowed the use of indoor security cameras in common areas, as long as the locations of the cameras were disclosed on the listings page.
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