Macy’s Inc shares are trading lower by 2.5% to $19.25 during Thursday’s session. The stock is falling following mixed economic data and worse-than-expected first-quarter results from peer retail company Kohl’s Corp . What Happened? Kohl’s shares plummeted by 26.6% Thursday after the company reported worse-than-expected first-quarter FY24 earnings and revised its outlook downward. The company’s sales for the quarter declined...

Archer Aviation Inc. ( ACHR ) shares are trading higher Thursday after the company announced it has been selected by KakaoMobility as its eVTOL aircraft partner in Korea.  The Details: The partnership with KakaoMobility includes joint participation in the K-UAM Grand Challenge and covers the planned purchase of up to 50 of Archer’s Midnight eVTOL aircraft worth up to an...

12:34 PM EDT, 05/30/2024 (MT Newswires) -- CommScope ( COMM ) said Thursday it won a bid to acquire Casa Systems' cable business assets. The company said its bid of $45.1 million was selected as the winning bid for the assets. Casa is selling the assets under an auction process after filing for Chapter 11 bankruptcy in April. A sale...

American Superconductor Corporation ( AMSC ) shares are trading higher Thursday after the company posted strong fourth-quarter financial results. Here's a look at the key figures from the report.  The Details: American Superconductor ( AMSC ) reported quarterly earnings of 5 cents per share which beat the analyst consensus estimate of losses of 2 cents per share.  Quarterly sales came...