{
}
A significant number of bank branches, including 254 from Lloyds, Halifax, and Bank of Scotland, are set to close in 2025 and 2026, prompting concerns over access to banking services. To mitigate this, alternatives such as Post Office branches, mobile banking services, and new super ATMs are being introduced, alongside the establishment of banking hubs that offer routine transactions and consultations with bank staff.
TJX Companies reported a strong start to the holiday shopping season, with fiscal third-quarter earnings per share of $1.14, surpassing expectations. However, its holiday quarter guidance of $1.12 to $1.14 fell short of Wall Street"s $1.18 forecast, leading to a decline in shares. Comparable sales growth is expected to be between 2% and 3%, while the company anticipates full-year earnings between $4.15 and $4.17, slightly below analyst expectations.
Benchmark indices Nifty and Sensex experienced their largest surge in two months on November 19, with the Sensex rising by 833.06 points to reach 78,172.07 and the Nifty climbing 240.70 points to 23,694.50. This broad-based buying, particularly in auto and realty stocks, added Rs 5 lakh crore to investor wealth, following a seven-session decline. However, experts caution that this rebound may not indicate a full recovery, advising investors to wait for clearer market signals before making moves.
Blue Tokai, an Indian coffee chain, aims to triple its annual revenue to 10 billion rupees ($118.5 million) by 2027 before considering an IPO. The company plans to expand its presence to about 350 cafes in major cities like Hyderabad and Chennai, capitalizing on the growing coffee culture in India. Currently, Blue Tokai operates over 130 cafes and has a revenue run rate of 3.7 billion rupees this year.
The government is considering lifting the suspension on futures trading for oil, oilseeds, and pulses, following pressure from the National Commodity & Derivatives Exchange (NCDEX). While discussions are ongoing, the ban on paddy and wheat futures is expected to remain. The NCDEX is advocating for the resumption of trading, citing the need for market maturity and reduced reliance on international price signals, as India imports a significant portion of its edible oil.
The right to repair movement is gaining momentum amid political shifts, with advocates like Kyle Wiens emphasizing bipartisan support for repairability across various sectors. While federal progress has been slow, local and state efforts continue to thrive, bolstered by international regulations promoting device interoperability. The potential for increased competition and consumer-focused policies under the new administration could further enhance repair initiatives, encouraging a culture of maintenance over disposal.
The Indian government is considering lifting the suspension on futures trading for oil, oilseeds, and pulses, following pressure from the National Commodity & Derivatives Exchange (NCDEX). While discussions are ongoing, the ban on paddy and wheat futures is expected to remain. The NCDEX is advocating for the resumption of trading, citing the need for market maturity and reduced reliance on international price signals, as India imports a significant portion of its edible oil.
Global markets are shifting as CLSA adopts an overweight stance on Indian equities, with Moody's projecting India's growth at 7.2% for 2024 amidst global economic challenges. While India's strong domestic demand contrasts with China's economic struggles, recent declines in the Sensex and Nifty raise concerns over consumption and foreign outflows.
Restaurant executives are optimistic about 2025 following a challenging 2024 marked by a 50% increase in bankruptcy filings and declining traffic. However, recent data shows a 2.8% rise in fast-food traffic in October, and falling interest rates may boost consumer confidence and restaurant growth. Despite this, some chains continue to face headwinds, with value competition intensifying and concerns about a slow consumer recovery lingering.
McDonald's is investing $100 million to recover from an E. coli outbreak linked to slivered onions on its Quarter Pounders, with $65 million directed to the most affected franchises. The CDC reported at least 104 illnesses across several states, resulting in 34 hospitalizations. Taylor Farms has recalled the potentially contaminated onions.
M
Companies
M / nyse
Macy's
At close 12/31/2024 21:00:02
16.93$
0.16$ (0.01%)
After hours: 01/01/2025 00:54:22
16.83$
-0.1$ (-0.01%)
Content of tab #2
Macy's
Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. Its brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in Cincinnati, OH.
Sector
consumercyclical
Industry
Retail - Discretionary
CEO
Tony Spring
Employees
85581
Website
Address
151 West 34th Street, New York, NY, 10001, US
MachinaScore
3
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
16.22$ (-4.19% Upside)
16.22$ (-4.19% Upside)
Blogger Sentiment
Bullish
M Sentiment 66%
Hedge Fund Trend
Very Negative
By -1.54M Shares Last Quarter.
Insider Transactions
Very Negative
Worth 0 over the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days
0%
Last 30 Days 0.01%
Last 30 Days 0.01%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-12.41
Trailing 12-Months
Fundamentals
Return on Equity
-12.41
Trailing 12-Months
Asset Growth
-4.52
Trailing 12-Months
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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