The Grinch might be a short-seller this Christmas season. Retail stocks were tanking across the board on Thursday, as a much worse-than-expected November retail sales report early Thursday, combined with Wednesday’s latest announcement from the Federal Reserve, had markets under heavy selling pressure. In early afternoon trading, shares of Macy’s […]
Macys
This posting initial appeared in the Early morning Brief. Get the Early morning Temporary sent directly to your inbox each individual Monday to Friday by 6:30 a.m. ET. Subscribe Monday, November 28, 2022 Modern publication is by Brian Sozzi, editor-at-substantial and anchor at Yahoo Finance. Abide by Sozzi on Twitter […]
ImageA new $15 hourly minimum, starting by May, will raise Macy’s average base pay above $17 an hour, the company said. Macy’s said on Monday that it would raise its minimum wage to $15 an hour by May and start offering education benefits to employees in February. The increase will […]