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Macy’s posts surprise profit with overhaul under new CEO resonating with shoppers

NEW YORK (AP) - Macy's posted a surprise third-quarter profit and its strongest comparable sales in more than three years as an extensive overhaul of the 167-year-old New York department store begins to resonate with shoppers. After posting its back-to-back quarterly jumps in comparable ...
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SEC halts review of highly leveraged ETF plans, citing risk exposures

By Shashwat Chauhan Dec 3 (Reuters) - The U.S. securities market regulator has paused the review of proposals for new highly leveraged exchange-traded funds from several fund managers and sought more clarity on the risks tied to the products. In its warning letters sent to nine ...
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It’s time to unpack Spotify Wrapped. Here’s how the music streamer compiled your 2025 recap

NEW YORK (AP) - The end of 2025 is almost upon us. And it's time to unpack Spotify Wrapped. On Wednesday, the music streaming giant delivered its annual recap - giving its hundreds of millions of users worldwide a look at the top songs, artists, ...
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Wall St futures edge higher on rate cut hopes, data in focus

Dec 3 (Reuters) - U.S. stock index futures edged higher on Wednesday as investors priced in a high chance that the Federal Reserve will cut interest rates this month and awaited a fresh set of economic data. Wall Street rebounded on Tuesday from a wobbly ...
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Morning Bid: Just a blip for risk assets, more Fed pain for the dollar

By Yoruk Bahceli LONDON, Dec 3 (Reuters) - By Yoruk Bahceli, markets correspondent What matters in U.S. and global markets today Risk assets are showing further signs of recovery on Wednesday from a broad selloff that kicked off the month, but bonds are sitting on their losses ...
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Dollar Tree raises annual profit forecast

Dec 3 (Reuters) - Discount retailer Dollar Tree raised annual profit forecast on Wednesday as it expects steady demand for its affordable essentials and lower input costs tied to freight and merchandise to counter the impact of tariff-led uncertainty. The company expects fiscal 2025 adjusted ...
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Macy’s lifts annual targets again as turnaround efforts rekindle demand

Dec 3 (Reuters) - Macy's on Wednesday raised its annual sales and profit targets for the second time this year, as the department store operator begins to see returns from its months-long turnaround efforts. The company shut underperforming outlets under its namesake banner, tested smaller ...
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What to know about missing Malaysian Airlines Flight MH370 as search resumes

KUALA LUMPUR, Malaysia (AP) - More than a decade ago, Malaysia Airlines Flight MH370 vanished without a trace, sparking one of aviation's most baffling mysteries. Despite years of multinational searches, investigators still do not know exactly what happened to the plane or its 239 passengers ...
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Lego to launch life-size World Cup trophy as part of FIFA deal

LONDON (AP) - It's a life-size World Cup soccer trophy - made of 2,842 Lego bricks. Lego teamed up with FIFA on Wednesday to announce the product that will launch the classic Danish toy brand's first World Cup range next year. The Lego version of the ...
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Lufthansa to inspect 11 recently delivered Airbus aircraft for fuselage flaw

LONDON, Dec 3 (Reuters) - Lufthansa on Wednesday said it will inspect 11 recently delivered aircraft for a possible fuselage panel flaw flagged by manufacturer Airbus earlier this week. "Within the Lufthansa Group, this affects 11 recently delivered aircraft of this type as well ...
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Foxconn, Luxshare plan to add millions to Vietnam’s game console output, documents show

By Phuong Nguyen HANOI, Dec 3 (Reuters) - Foxconn and Luxshare plan to add millions of gaming devices to Vietnam's annual output, according to documents they submitted to local authorities, reinforcing the country's role in the global supply of game consoles. Vietnam assembles a variety of ...
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Stocks rise as Fed bets keep dollar under pressure

By Marc Jones LONDON, Dec 3 (Reuters) - Global financial markets were on steadier footing on Wednesday, helped by a modest bounce in equities, a record high in copper and as the recent selloff in government bonds - and far lengthier rout in cryptocurrencies - ...
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