Macy’s, which will report first-quarter results on May 26, is down 31 per cent this year, after more than doubling in 2021 with the company benefiting from pent-up demand as consumer mobility resumed. AP
Macy’s, which will report first-quarter results on May 26, is down 31 per cent this year, after more than doubling in 2021 with the company benefiting from pent-up demand as consumer mobility resumed.Show more

Business

Markets

US consumer stock rout wipes out $500bn in market value and stirs more worries

Volatility in sector has reached levels not seen since the early days of the pandemic-driven rout

Bloomberg

May 21, 2022