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Nasdaq ticks up on hopes of less aggressive rate hikes after weak PMI data
US composite PMI at lowest since February 2021; Zoom tumbles on weak forecast; Macy's shares rise on earnings beat
Top Headlines: Macy expenditure cut to hurt Indian IT cos, 5G auction Day 4
Macy's has informed its tech vendors of a 10-15 per cent cut in the IT budget for this year amid fears of a recession, a move that may hurt IT companies. Read more on this in our top headlines
US retailer Macy's tech expense cut likely to hurt Indian IT giants
Macy's is among the first US retailers to announce spending cuts
Four CEOs found the secret to thriving during the retail apocalypse
A few taps on a screen or a handful of words heard by a smart speaker and within a couple days, maybe hours, packages arrive.
Macy's may lay off 10,000 employees owing to sales dip
Company has announced that it will be closing 68 stores
Macy's puts India among top three focus markets
The store has been serving India through its website for the past two years
