03:12 PM EDT, 05/12/2025 (MT Newswires) -- Macy's (M) is likely to withdraw its fiscal 2025 guidance when it reports fiscal Q1 results, due to tariff and macro uncertainties, UBS Securities said in a note Monday. The firm said its channel checks suggest Q1 sales trends were slightly better than expected, and it forecasts earnings of $0.15 per share, a...

Shares of Amazon.com Inc ( AMZN ) soared 8.1% to $208.68 Monday afternoon after the U.S. and China announced a temporary easing of tariffs, marking a significant step toward de-escalating long-standing trade tensions. The move lifted investor sentiment across sectors and boosted shares of companies heavily reliant on global supply chains. What To Know: Amazon ( AMZN ) stands to...

MEXICO CITY/CHICAGO (Reuters) -U.S. cattle futures soared to record highs on Monday after Washington suspended cattle imports from Mexico over a flesh-eating parasite, which Mexican President Claudia Sheinbaum denounced as unfair. New World screwworm maggots burrow into open wounds on cattle and other animals, often killing their host within weeks. Though screwworm has been eradicated in the U.S. since 1966,...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...