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M May 2024 19.500 put
| Previous close | 1.2400 |
| Open | 1.0300 |
| Bid | 0.7900 |
| Ask | 0.8500 |
| Strike | 19.50 |
| Expiry date | 2024-05-31 |
| Day's range | 0.7100 - 1.2200 |
| Contract range | N/A |
| Volume | |
| Open interest | 42 |
- Yahoo Finance Video
Macy's credit card delinquencies show tighter consumer wallets
Macy's (M) revealed in its first quarter earnings report that more consumers with Macy's credit cards are falling behind on their payments. The company's credit card revenue was $117 million in its first quarter, a decline of $45 million from the prior year. This figure signals a weakening consumer as inflation remains sticky and wallets tighten. Credit card delinquencies rose nearly 8.9%, according to the Federal Reserve Bank of New York. Meanwhile, the average credit card debt per borrower, according to TransUnion, sits at just over $6,000. Yahoo Finance's Seana Smith breaks down this consumer pressure and how major companies are responding. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
- Yahoo Finance Video
Ether ETF hopes, Macy's earnings, Nvidia: 3 Things
Stock futures (^DJI, ^GSPC, ^IXIC) are muted on Tuesday morning after the tech-heavy Nasdaq recorded a new record closing high on Monday. The moves are tied to AI optimism, as investors await Nvidia's first-quarter results (NVDA). First-quarter retail earnings from Macy's (M) and Lowe's (LOW) provided a fresh read on the state of the consumer. Macy's beat expectations as it weighs a future between a turnaround and a buyout. Lowe's beat on earnings and revenue even as consumers spent less on DIY projects. Ethereum (ETH-USD) and bitcoin (BTC-USD) are surging on renewed hopes of a new class of US exchange-traded funds (ETFs) tied to ether. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This article was written by Gabriel Roy.
- Yahoo Finance Video
Macy's earnings, Fedspeak: What to Watch
As the trading day draws to a close, here's what's in store for tomorrow, Tuesday, May 21. Earnings season continues with several notable companies scheduled to report their quarterly results. Among them are retailers Lowe's (LOW), Macy's (M), and Urban Outfitters (URBN), whose results will all provide valuable insights into the state of the consumer. Additionally, commentary from various Federal Reserve officials, including New York Fed President John Williams and Fed Vice Chair for Supervision Michael Barr, are expected to shed light on the central bank's outlook on monetary policy. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
