Macy's, Inc.

Macy's sales rose 3%, its best quarterly result in three years. But the company's stock still fell

Macy's raised its earnings and sales forecast. Why did the stock fall?

American Eagle Outfitters, Inc.

Victoria's Secret & Co.

The introduction of agent-based AI will save U.S. retailers about $6 billion in total costs and increase profits by 20% by 2026, <a href="https://finance.yahoo.com/news/how-the-ai-boom-could-unleash-billions-for-some-of-americas-biggest-retailers-163430103.html?guccounter=1">according to</a> Morgan Stanley, one of the largest investment banks. He named the companies that stand to gain the most. However, there are skeptics in the market who warn: everyone has the same access to technology, so it will be extremely difficult to get ahead.

Agency AI could lift retail profits by 20% - Morgan Stanley. Who is the beneficiary?

The day's stock gains were the largest since 2023

Macy's shares soared 20%. The retailer reported its best sales growth in 12 quarters

Salesforce, Inc.

Broadcom Inc.

The U.S. Bureau of Labor Statistics employment report, which will be released this week, may remove the last doubts about the Fed's interest rate cut as early as September - if job growth remains weak, <a href="https://www.barrons.com/articles/jobs-inflation-salesforce-broadcom-macys-stocks-0aa838e0?mod=RTA#:~:text=The%20Bureau%20of%20Labor%20Statistics%E2%80%99%20jobs%20report%2C%20to%20be%20released%20on%20Friday%2C%20can%20all%20but%20make%20an%20interest%2Drate%20cut%20official%20at%20the%20Federal%20Open%20Market%20Committee%E2%80%99s%20next%20meeting%20if%20jobs%20growth%20continues%20to%20be%20weak.">writes</a> Barron's. Fed Chairman Jerome Powell called the current labor market <a href="https://www.federalreserve.gov/newsevents/speech/powell20250822a.htm#:~:text=it%20is%20a-,curious,-kind%20of%20balance">"curious" a</a> week and a half ago <a href="https://www.federalreserve.gov/newsevents/speech/powell20250822a.htm#:~:text=it%20is%20a-,curious,-kind%20of%20balance">, with</a> slow job growth and few layoffs at the same time. This is keeping unemployment low by historical standards.